HOUSTON LIVESTOCK SHOW AND RODEO EDUCATIONAL FUND (EIN 760260204) - 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

Formation Year

1988

Legal Domicile

Principal Officer

CHRIS BOLEMAN

Phone

8326671000

Tax Period

2023-09-01 to 2024-08-31

HOUSTON LIVESTOCK SHOW AND RODEO EDUCATIONAL FUND, founded in 1988, is a mid-sized nonprofit in the Recreation & Sports sector that reported $21.3M in total revenue in fiscal year 2023. Expenses of $18.6M left a modest 13% surplus.

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.

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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 (2023)

Revenue Breakdown

Contributions & Grants $20,398,106

Program Service Revenue $0

Investment Income $918,015

Other Revenue $0

TOTAL REVENUE $21,316,121

Expense Breakdown

Grants Paid $17,939,351

Salaries & Benefits $334,848

Fundraising Expenses $68,488

Program Expenses $18,209,687

Other Expenses $322,641

TOTAL EXPENSES $18,596,840

Year-over-Year Comparison

	2023	2022	Change
Revenue	$21,316,121	$21,017,128	+0.0%
Expenses	$18,596,840	$17,998,736	+0.0%
Net Income	$2,719,281	$3,018,392	-0.1%

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

35000

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

$1,280,760

Total Directors

$146,311

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRIS BOLEMAN	PRESIDENT	1.0	Officer	$0	$43,318	$592,767
JEFFREY DOWNING	SECRETARY (THRU 05/2024)	1.0	Officer	$0	$15,327	$363,098
KATHERINE GRAHMANN	TREASURER & ASST. SECRETARY	1.0	Officer	$0	$38,090	$324,895
JAMES OLIVER BLOODWORTH	DIRECTOR	0.25	Director	$0	$0	$146,311
PATRICIA MANN PHILLIPS	CHAIRMAN OF THE BOARD	1.0	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 (STARTING 05/2024)	0.25	Director	$0	$0	$0
JEFFREY HAYES	DIRECTOR	0.25	Director	$0	$0	$0
GEORGE RAYMOND HINSLEY III	DIRECTOR	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
JOE VAN MATRE	DIRECTOR (THRU 05/2024)	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
HARRY PERRIN	SECRETARY (STARTING 05/2024)	1.0	Officer	$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	$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