Education Partnership of the Permi… - 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

2018

Principal Officer

Brian Stubbs

Phone

2142889188

Tax Period

2023-01-01 to 2023-12-31

Education Partnership of the Permian Basin, founded in 2018, is a community nonprofit in the Education sector that reported $2.1M in total revenue in fiscal year 2023. Revenue surged 25% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.2M, a strong 56% operating margin.

Mission

The organizations mission is to raise awareness and to improve the education of persons living in the Permian Basin.

Program Service Accomplishments

Program 1

Expenses: $829,413

Raise awareness and to improve the education of persons living in the Permian Basin.

Program 2

N/A

Program 3

N/A

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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 $2,147,708

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $2,147,708

Expense Breakdown

Grants Paid $0

Salaries & Benefits $507,429

Fundraising Expenses $0

Program Expenses $829,413

Other Expenses $439,576

TOTAL EXPENSES $947,005

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,147,708	$1,724,346	+0.2%
Expenses	$947,005	$754,993	+0.3%
Net Income	$1,200,703	$969,353	+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

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
Collin Sewell	Vice President	1.00	Officer	$0	$0	$0
Christine Foreman	Treasurer	1.00	Officer	$0	$0	$0
Lorraine Perryman	President	1.00	Officer	$0	$0	$0
Brian Stubbs	Secretary	1.00	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	No data	No data	No data	No data
2023	$2,147,708	$947,005	$2,549,541	$1,200,703
2022	$1,724,346	$754,993	$1,346,344	$969,353
2021	$431,890	$169,105	$372,792	$262,785

Education Partnership of the Permian Basin