JUDGE DON AND DEBORAH HIGGINBOTHAM EDUCATIONAL FOUNDATION INC (EIN 823659244) - 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

2017

Legal Domicile

Principal Officer

DR LEE OGBURN-RUSSELL

Phone

5128181800

Tax Period

2023-01-01 to 2023-12-31

JUDGE DON AND DEBORAH HIGGINBOTHAM EDUCATIONAL FOUNDATION INC, founded in 2017, is a micro nonprofit in the Education sector that reported $67K in total revenue in fiscal year 2023. Expenses of $89K exceeded revenue, resulting in a 33% operating deficit.

Mission

PROVIDE EDUCATIONAL BENEFITS TO VETERANS, THEIR SPOUSES AND THEIR CHILDREN TO ATTEND A HIGHER EDUCATIONAL INSTITUTION OR VOCATIONAL SCHOOL IN TEXAS THROUGH EITHER DIRECT SCHOLARSHIPS OR GRANTS TO HIGHER EDUCATIONAL INSTITUTIONS AND VOCATIONAL SCHOOLS.

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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 $11,160

Program Service Revenue $0

Investment Income $55,907

Other Revenue $0

TOTAL REVENUE $67,067

Expense Breakdown

Grants Paid $70,000

Salaries & Benefits $3,598

Fundraising Expenses $0

Program Expenses $78,598

Other Expenses $15,661

TOTAL EXPENSES $89,259

Year-over-Year Comparison

	2023	2022	Change
Revenue	$67,067	$-78,383	-1.9%
Expenses	$89,259	$65,954	+0.4%
Net Income	$-22,192	$-144,337	-0.8%

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
DR STEPHEN BENOLD	TREASURER	2.00	Officer Director	$0	$0	$0
DAN A GATTIS	DIRECTOR	2.00	Director	$0	$0	$0
DAN M GATTIS	DIRECTOR	2.00	Director	$0	$0	$0
SHANA GATTIS	DIRECTOR	2.00	Director	$0	$0	$0
DR LEE OGBURN-RUSSELL	PRESIDENT	2.00	Officer Director	$0	$0	$0
KERRY RUSSELL	SECRETARY	2.00	Officer Director	$0	$0	$0
JUDGE BILLY RAY STUBBLEFIELD	VICE-PRESIDE	2.00	Officer 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	No data	No data	No data	No data
2023	$67,067	$89,259	$1,895,904	$-22,192
2022	$-78,383	$65,954	$1,844,081	$-144,337
2021	$74,832	$54,127	$2,125,572	$20,705
2020	$100,578	$12,207	$2,119,998	$88,371
2019	$905,403	$809,423	$2,050,645	$95,980
2018	$2,059,904	$105,680	$1,954,224	$1,954,224

JUDGE DON AND DEBORAH HIGGINBOTHAM EDUCATIONAL FOUNDATION INC