HOUSTON LIVESTOCK SHOW AND RODEO E… - Form 990 Financial Data

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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

Formation Year

1988

Legal Domicile

Principal Officer

CHRIS BOLEMAN

Phone

8326671000

Tax Period

2024-09-01 to 2025-08-31

HOUSTON LIVESTOCK SHOW AND RODEO EDUCATIONAL FUND, founded in 1988, is a mid-sized nonprofit in the Recreation & Sports sector that reported $28.2M in total revenue in fiscal year 2024. Revenue surged 32% from the prior year, signaling strong growth momentum. The organization ran a surplus of $8.6M, a strong 30% operating margin.

Mission

THE HOUSTON LIVESTOCK SHOW AND RODEO EDUCATIONAL FUND (THE "EDUCATIONAL FUND") WAS INCORPORATED UNDER THE LAWS OF THE STATE OF TEXAS IN JUNE 1988 AND WAS GRANTED TAX EXEMPT STATUS UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE IN APRIL 1989. THE EDUCATIONAL FUND WAS ORGANIZED FOR CHARITABLE, EDUCATIONAL AND SCIENTIFIC PURPOSES, INCLUDING THE DISTRIBUTION OF SCHOLARSHIPS, GRANTS AND AWARDS TO STUDENTS AND ORGANIZATIONS THAT QUALIFY AS EXEMPT ORGANIZATIONS UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE EDUCATIONAL FUND WAS INITIALLY FUNDED BY THE HOUSTON LIVESTOCK SHOW AND RODEO, INC. IN JUNE 1989. THE FUNDS OF THE EDUCATIONAL FUND ARE USED EXCLUSIVELY IN FURTHERANCE OF THE EXEMPT PURPOSE OF THE ORGANIZATION AND TO MEET NECESSARY EXPENSES FOR ITS UPKEEP AND OPERATIONS.

Program Service Accomplishments

Program 1

Expenses: $15,222,000 Revenue: $0

THE HLSR EDUCATIONAL FUND AWARDED $1,400,000 IN 4-H, FOUR YEAR SCHOLARSHIPS (70 X $20,000); $1,580,000 IN AREA GO TEXAN, FOUR-YEAR SCHOLARSHIPS (79 X $20,000); $600,000 IN EXHIBITORS, FOUR-YEAR...

THE HLSR EDUCATIONAL FUND AWARDED $1,400,000 IN 4-H, FOUR YEAR SCHOLARSHIPS (70 X $20,000); $1,580,000 IN AREA GO TEXAN, FOUR-YEAR SCHOLARSHIPS (79 X $20,000); $600,000 IN EXHIBITORS, FOUR-YEAR SCHOLARSHIPS (30 X $20,000); $1,400,000 IN FFA, FOUR YEAR SCHOLARSHIPS (70 X $20,000); $300,000 IN HILDEBRAND, FOUR YEAR SCHOLARSHIPS (15 X $20,000), PLUS A ($500,000) ADDITIONAL DONATION TO THE ENDOWMENT; $7,000,000 IN HOUSTON AREA SCHOLARS, FOUR YEAR SCHOLARSHIPS (350 X $20,000); $300,000 IN SCHOOL ART, FOUR YEAR SCHOLARSHIPS (15 X $20,000); $100,000 IN MILITARY, FOUR YEAR SCHOLARSHIPS (5 X $20,000); $1,204,000 IN ACHIEVEMENT SCHOLARSHIPS (95 X $4,000 - $16,000); $500,000 IN VOCATIONAL SCHOLARSHIP FUNDING (10 X VARIED AMOUNT); $10,000 IN TEXAS CHRISTAIN UNIVERSITY RANCH MANAGEMENT PROGRAM (4 X $2,500); $128,000 IN TEXAS A & M UNIVERSITY DR VET MEDICAL SCHOLARSHIPS (8 X $16,000); AND $200,000 IN VOLUNTEER DEPENDENT SCHOLARSHIPS (10 X $20,000).

Program 2

Expenses: $3,720,646 Revenue: $0

AWARDED $3,720,646 IN EDUCATIONAL AND AGRICULTURE GRANTS TO VARIOUS ORGANIZATIONS. SOME OF THE GRANTS FOCUS ON SUPPORTING THE AGRICULTURAL INDUSTRY, BENEFITTING FFA AND 4-H PROGRAMS AND AGRICULTURAL PROGRAMS AT VARIOUS UNIVERSITIES. THERE ARE ALSO GRANTS FOR CHILDREN AND YOUTH EDUCATIONAL PROGRAMMING AT MANY CULTURAL ORGANIZATIONS, MAINLY FOCUSED IN THE HOUSTON AREA.

Program 3

Expenses: $374,224 Revenue: $0

IN ADDITION TO THE SCHOLARSHIPS AND GRANTS AWARDED, RESOURCES ARE ALSO SPENT TO EDUCATE THE PUBLIC ON THE EDUCATIONAL FUND'S PROGRESS AND TO SUPPORT THE SCHOLARSHIP STUDENTS STRIVING TO MEET THEIR...

IN ADDITION TO THE SCHOLARSHIPS AND GRANTS AWARDED, RESOURCES ARE ALSO SPENT TO EDUCATE THE PUBLIC ON THE EDUCATIONAL FUND'S PROGRESS AND TO SUPPORT THE SCHOLARSHIP STUDENTS STRIVING TO MEET THEIR DEGREE GOALS. AN ANNUAL EXHIBIT INFORMS RODEO ATTENDEES OF THE EDUCATIONAL FUND'S ACTIVITIES AND EDUCATIONAL IMPACT ON THE COMMUNITY. STUDENT ASSISTANCE PROGRAMS, CAMPUS EVENTS, AND OTHER ENDEAVORS HELP GIVE STUDENTS THE RESOURCES TO BE SUCCESSFUL. ONCE A STUDENT HAS GRADUATED, THEY CAN JOIN THE SCHOLARSHIP ALUMNI ASSOCIATION, PROVIDING THEM A CHANCE TO GIVE BACK TO THE COMMUNITY AND ORGANIZATION, CONNECT WITH CURRENT SCHOLARS AND NETWORK WITH PAST SCHOLARS.

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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 $25,747,495

Program Service Revenue $0

Investment Income $2,468,951

Other Revenue $0

TOTAL REVENUE $28,216,446

Expense Breakdown

Grants Paid $18,942,646

Salaries & Benefits $299,676

Fundraising Expenses $55,078

Program Expenses $19,316,870

Other Expenses $406,257

TOTAL EXPENSES $19,648,579

Year-over-Year Comparison

	2024	2023	Change
Revenue	$28,216,446	$21,316,121	+0.3%
Expenses	$19,648,579	$18,596,840	+0.1%
Net Income	$8,567,867	$2,719,281	+2.2%

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

36000

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

$1,297,277

Total Directors

$155,335

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRIS BOLEMAN	PRESIDENT	1.0	Officer	$0	$61,613	$675,829
KATHERINE GRAHMANN	TREASURER & ASST. SECRETARY	1.0	Officer	$0	$59,209	$377,095
HARRY PERRIN	SECRETARY	1.0	Officer	$0	$1,287	$244,353
JAMES O BLOODWORTH	DIRECTOR	0.25	Director	$0	$0	$155,335
PATRICIA MANN PHILLIPS	CHAIRMAN OF THE BOARD	1.0	Director	$0	$0	$0
ROGER CAMP	DIRECTOR (STARTING 05/2025)	0.25	Director	$0	$0	$0
ANDREW PORTALES CANTU	DIRECTOR	0.25	Director	$0	$0	$0
BRADY FARLEY CARRUTH	DIRECTOR	0.25	Director	$0	$0	$0
WARNER DEAN ERVIN	DIRECTOR	0.25	Director	$0	$0	$0
JUAN GARCIA	DIRECTOR	0.25	Director	$0	$0	$0
JEFFREY HAYES	DIRECTOR	0.25	Director	$0	$0	$0
GEORGE RAYMOND HINSLEY III	DIRECTOR (THRU 05/2025)	0.25	Director	$0	$0	$0
JEFF HILDREBRAND	DIRECTOR (STARTING 05/2025)	0.25	Director	$0	$0	$0
PARKS CASE JOHNSON	DIRECTOR	0.25	Director	$0	$0	$0
DONLEY DUARD JORDAN	DIRECTOR	0.25	Director	$0	$0	$0
JAMES ALAN KENT	DIRECTOR	0.25	Director	$0	$0	$0
KELLY J LARKIN	DIRECTOR	0.25	Director	$0	$0	$0
JACK ALLEN LYONS	DIRECTOR	0.25	Director	$0	$0	$0
WESLEY EDWARD SINOR	DIRECTOR	0.25	Director	$0	$0	$0
NOEL ROBERT SMITH	DIRECTOR	0.25	Director	$0	$0	$0
WENDY VANDEVENTER	DIRECTOR	0.25	Director	$0	$0	$0
SHARLEEN LAWING WALKOVIAK	DIRECTOR	0.25	Director	$0	$0	$0
JAMES ALFRED WINNE III	DIRECTOR	0.25	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	$28,216,446	$19,648,579	$125,220,814	$8,567,867
2024	$21,316,121	$18,596,840	$108,910,730	$2,719,281
2023	$21,017,128	$17,998,736	$95,837,157	$3,018,392
2022	$20,146,267	$17,834,559	$92,016,074	$2,311,708
2021	$22,924,746	$17,474,079	$106,778,210	$5,450,667
2020	$14,021,217	$19,638,850	$117,451,664	$-5,617,633
2019	$14,894,389	$20,337,117	$112,319,092	$-5,442,728
2018	$18,041,029	$19,752,753	$111,716,157	$-1,711,724

HOUSTON LIVESTOCK SHOW AND RODEO EDUCATIONAL FUND