THE PAT SHEERAN MEMORIAL TRUST MICHAEL LEE TTEE

EIN: 756480084 501(c)(3) Human Services

AUSTIN, TX

Total Revenue
$420,340
Total Expenses
$349,041
Total Assets
$925,349
Net Assets
$925,349
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Principal Officer
DICKY GRIGG
Phone
8067473016
Tax Period
2025-01-01 to 2025-12-31

THE PAT SHEERAN MEMORIAL TRUST MICHAEL LEE TTEE is a small nonprofit in the Human Services sector that reported $420K in total revenue in fiscal year 2025. Revenue grew 14% year-over-year, indicating healthy expansion. The organization ran a surplus of $71K, a strong 17% operating margin.

Mission

THE TRUST IS SPECIFICALLY DESIGNED TO PROVIDE FINANCIAL ASSISTANCE TO TEXAS ATTORNEYS, LAW STUDENTS, AND JUSGES WHO NEED AND WANT TREATMENT FOR SUBSTANCE ABUSE, DEPRESSION AND OTHER MENTAL HEALTH ISSUES. IT SERVES THOSE WHOSE ILLNESSES HAVE IMPACTED THEIR FINANCIAL SITUATION AND REDUCED THEIR ABILITY TO PAY OR MAINTAIN INSURANCE FOR NECESSARY MENTAL HEALTH CARE. ALL FUNDS ARE PAID DIRECTLY TO HEALTHCARE PROVIDERS AND NOT TO APPLICANTS.

Program Service Accomplishments

Program 1

THE SHEERAN-CROWLEY LAWYER WELLNESS TRUST PROVIDES FINANCIAL HELP TO TEXAS ATTORNEYS, JUDGES, AND LAW STUDENTS WHO NEED TREATMENT FOR SUBSTANCE USE, DEPRESSION, AND OTHER MENTAL HEALTH ISSUES. THESE...

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THE SHEERAN-CROWLEY LAWYER WELLNESS TRUST PROVIDES FINANCIAL HELP TO TEXAS ATTORNEYS, JUDGES, AND LAW STUDENTS WHO NEED TREATMENT FOR SUBSTANCE USE, DEPRESSION, AND OTHER MENTAL HEALTH ISSUES. THESE ATTORNEYS OFTEN FIND THEMSELVES WITHOUT HEALTH INSURANCE AND WITHOUT THE MEANS TO PAY FOR SERVICES.

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Trantor Score

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

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

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $406,717
Program Service Revenue $0
Investment Income $13,623
Other Revenue $0
TOTAL REVENUE $420,340

Expense Breakdown

Grants Paid $337,415
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $349,041
Other Expenses $11,626
TOTAL EXPENSES $349,041

Year-over-Year Comparison

2025 2024 Change
Revenue $420,340 $367,636 +0.1%
Expenses $349,041 $262,638 +0.3%
Net Income $71,299 $104,998 -0.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

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

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Liquidity & Cash Position

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Governance

Voting Members
3
Independent Members
3
Employees
N/A
Volunteers
N/A

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
0
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHAEL LEE TRUSTEE TRUSTEE N/A
Director
$0 $0 $0
DICKY GRIGG TRUSTEE/DIRE N/A
Director
$0 $0 $0
BOB NEBB TRUSTEE/DIRE N/A
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 $420,340 $349,041 $925,349 $71,299
2024 $367,636 $262,638 $854,050 $104,998
2023 $383,018 $245,754 $749,052 $137,264
2022 $571,070 $187,479 $611,787 $383,591
2019 $42,123 $272,179 $194,363 $-230,056
2018 $29,586 $172,386 $424,415 $-142,800
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