THE PAT SHEERAN MEMORIAL TRUST MICHAEL LEE TTEE (EIN 756480084) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Principal Officer

DICKY GRIGG

Phone

8067473016

Tax Period

2024-01-01 to 2024-12-31

THE PAT SHEERAN MEMORIAL TRUST MICHAEL LEE TTEE is a small nonprofit in the Human Services sector that reported $368K in total revenue in fiscal year 2024. The organization ran a surplus of $105K, a strong 29% 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.

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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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $348,858

Program Service Revenue $0

Investment Income $18,778

Other Revenue $0

TOTAL REVENUE $367,636

Expense Breakdown

Grants Paid $256,741

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $262,638

Other Expenses $5,897

TOTAL EXPENSES $262,638

Year-over-Year Comparison

	2024	2023	Change
Revenue	$367,636	$383,019	0.0%
Expenses	$262,638	$245,754	+0.1%
Net Income	$104,998	$137,265	-0.2%

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

Financial Distress Indicator

Liquidity & Cash Position

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

Governance

Voting Members

Independent Members

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL LEE TRUSTEE	TRUSTEE	1.00	Director	$0	$0	$0
DICKY GRIGG	TRUSTEE/DIRE	1.00	Director	$0	$0	$0
BOB NEBB	TRUSTEE/DIRE	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
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

THE PAT SHEERAN MEMORIAL TRUST MICHAEL LEE TTEE