TEXAS TECH FOUNDATION INC

EIN: 756043842 501(c)(3) Education

LUBBOCK, TX

Total Revenue
$92,698,840
Total Expenses
$122,755,625
Total Assets
$938,095,082
Net Assets
$932,988,548
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1939
Legal Domicile
TX
Principal Officer
PATRICK KRAMER
Phone
8067429000
Tax Period
2023-09-01 to 2024-08-31

TEXAS TECH FOUNDATION INC, founded in 1939, is a mid-sized nonprofit in the Education sector that reported $92.7M in total revenue in fiscal year 2023. Revenue decreased 16% compared to the prior year. Expenses of $122.8M exceeded revenue, resulting in a 32% operating deficit.

Mission

THE FOUNDATION IS AN ADVOCATE FOR SUCCESSFUL PERFORMANCE BY: - POSITIONING TEXAS TECH UNIVERSITY SYSTEM AS AN INSTITUTION OF DISTINCTION; - RAISING FUNDS ON BEHALF OF THE UNIVERSITIES AND HEALTH SCIENCES CENTERS; - STEWARDSHIP OF FUNDS, CARING FOR DONORS, AND REPORTING ON GIFTS AND ENDOWMENTS; - A PARTNERSHIP APPROACH WITH THE BOARD OF REGENTS ON INVESTMENT AND OVERSIGHT; - AND SUPPORTING AND PROMOTING ALL COLLEGES, SCHOOL PROGRAMS, AND CAMPUSES OF THE TEXAS TECH UNIVERSITY SYSTEM. THE FOUNDATION WAS FORMED TO SEEK AND OBTAIN GIFTS FOR THE INSTITUTIONS; TO RECEIVE, HOLD, INVEST, AND ADMINISTER PROPERTY OF ANY TYPE GIVEN TO THE INSTITUTIONS OR FOR THE BENEFIT OF THE INSTITUTIONS; AND TO MAKE EXPENDITURES TO OR FOR THE BENEFIT OF THE INSTITUTIONS.

Program Service Accomplishments

Program 1
Expenses: $120,355,636

THE ORGANIZATION WAS FOUNDED TO FUNCTION AS A CONDUIT FOR THE ACCEPTANCE, INVESTMENT, AND DISTRIBUTION OF PRIVATE GIFTS GIVEN FOR THE ACTIVITIES AND PROGRAMS RELATED TO THE MISSION, ROLE, AND SCOPE...

Read more

THE ORGANIZATION WAS FOUNDED TO FUNCTION AS A CONDUIT FOR THE ACCEPTANCE, INVESTMENT, AND DISTRIBUTION OF PRIVATE GIFTS GIVEN FOR THE ACTIVITIES AND PROGRAMS RELATED TO THE MISSION, ROLE, AND SCOPE OF THE TEXAS TECH UNIVERSITY SYSTEM. DURING 2023-2024 THE FOUNDATION TRANSFERRED $120,303,636 TO THE TEXAS TECH UNIVERSITY SYSTEM AND AFFILIATED FOUNDATIONS. IT ALSO AWARDED 1 SCHOLARSHIP.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $82,141,972
Program Service Revenue $0
Investment Income $10,281,022
Other Revenue $275,846
TOTAL REVENUE $92,698,840

Expense Breakdown

Grants Paid $120,355,636
Salaries & Benefits $0
Fundraising Expenses $264,251
Program Expenses $120,355,636
Other Expenses $2,399,989
TOTAL EXPENSES $122,755,625

Year-over-Year Comparison

2023 2022 Change
Revenue $92,698,840 $110,148,278 -0.2%
Expenses $122,755,625 $97,007,634 +0.3%
Net Income $-30,056,785 $13,140,644 -3.3%
Key Indicators
✓ Grants to Organizations ✗ Grants to Individuals ✓ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
33
Independent Members
33
Employees
N/A
Volunteers
53

Governance Policies

✓ Conflict of Interest Policy
✓ Whistleblower Policy
✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✓ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$871,357
Total Directors
35
$871,357
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PATRICK KRAMER CHIEF EXECUTIVE OFFICER 1.00
Officer Director
$0 $37,110 $404,977
KIMBERLY C FORD CHAIRMAN 3.00
Officer Director
$0 $0 $0
TIM LANCASTER VICE CHAIRMAN 5.00
Officer Director
$0 $0 $0
JUAN NEVAREZ SECRETARY 3.00
Officer Director
$0 $0 $0
JAMES MAULDIN TREASURER 1.00
Officer Director
$0 $40,107 $466,380
STEVE GRAY DIRECTOR 2.00
Director
$0 $0 $0
J PAT HICKMAN DIRECTOR 0.25
Director
$0 $0 $0
MICHAEL F OWEN MD DIRECTOR 5.00
Director
$0 $0 $0
JACK RENTZ DIRECTOR 1.00
Director
$0 $0 $0
JIM SKINNER DIRECTOR 2.00
Director
$0 $0 $0
BEN STRIBLING DIRECTOR 1.00
Director
$0 $0 $0
ROBERT TAYLOR JR DIRECTOR 8.00
Director
$0 $0 $0
LESLIE WARD DIRECTOR 1.00
Director
$0 $0 $0
DENNIS KRUSE DIRECTOR 1.00
Director
$0 $0 $0
RANDY MORRIS DIRECTOR 2.00
Director
$0 $0 $0
CHRISTI QUINN DIRECTOR 1.50
Director
$0 $0 $0
BRADLEY BOUMA DIRECTOR 2.00
Director
$0 $0 $0
KYLE MCGRAW DIRECTOR 1.00
Director
$0 $0 $0
HOLLAND O'NEAL DIRECTOR 0.25
Director
$0 $0 $0
BEN STRICKLING DIRECTOR 1.00
Director
$0 $0 $0
SCOTT WISNIEWSKI DIRECTOR 1.00
Director
$0 $0 $0
CHERRY WRIGHT DIRECTOR 4.00
Director
$0 $0 $0
DAVID ALDERSON DIRECTOR 1.00
Director
$0 $0 $0
WALT CATHEY DIRECTOR 1.00
Director
$0 $0 $0
ROBERT L DUNCAN DIRECTOR 1.00
Director
$0 $0 $0
BARRY STREET DIRECTOR 1.00
Director
$0 $0 $0
TIM WINN DIRECTOR 1.00
Director
$0 $0 $0
BARNEY ADAMS DIRECTOR 1.00
Director
$0 $0 $0
JOE J PARKER JR DIRECTOR 3.00
Director
$0 $0 $0
GERALD G DIXON DIRECTOR 1.00
Director
$0 $0 $0
GORDON DAVIS DIRECTOR 1.00
Director
$0 $0 $0
DAVID COPELAND DIRECTOR 1.00
Director
$0 $0 $0
DAVID KING DIRECTOR 1.00
Director
$0 $0 $0
LANNY LAYMAN DIRECTOR 0.50
Director
$0 $0 $0
KEVIN NELSON DIRECTOR 1.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 $92,698,840 $122,755,625 $938,095,082 $-30,056,785
2023 $110,148,278 $97,007,634 $890,446,404 $13,140,644
2022 $125,336,972 $96,813,130 $849,587,948 $28,523,842
2021 $55,341,496 $106,100,356 $840,921,024 $-50,758,860
2020 $81,055,486 $70,211,724 $716,384,087 $10,843,762
2019 $77,596,427 $65,094,006 $712,971,429 $12,502,421
2018 $73,215,529 $56,787,838 $680,901,283 $16,427,691
Explore More Nonprofits
→Top 100 Nonprofits in Texas →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare TEXAS TECH FOUNDATION INC with other nonprofits in Texas and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.