SPEEDY MEMORIAL FOUNDATION

EIN: 842698559 501(c)(3) Education

McAllen, TX

Total Revenue
$39,876
Total Expenses
$46,383
Total Assets
$45,484
Net Assets
$45,484
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2019
Legal Domicile
TX
Principal Officer
ROBERTA ESPERICUETA
Phone
9565663943
Tax Period
2024-01-01 to 2024-12-31

SPEEDY MEMORIAL FOUNDATION, founded in 2019, is a micro nonprofit in the Education sector that reported $40K in total revenue in fiscal year 2024. Revenue decreased 13% compared to the prior year. Expenses of $46K exceeded revenue, resulting in a 16% operating deficit.

Mission

To provide the children of Law Enforcement Officers with scholarships for higher educational attainment. To help potential or established police officers needing assistance due to an injury while in line of duty.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $7,775
Program Service Revenue $0
Investment Income $0
Other Revenue $32,101
TOTAL REVENUE $39,876

Expense Breakdown

Grants Paid $35,985
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $43,366
Other Expenses $10,398
TOTAL EXPENSES $46,383

Year-over-Year Comparison

2024 2023 Change
Revenue $39,876 $46,012 -0.1%
Expenses $46,383 $44,543 +0.0%
Net Income $-6,507 $1,469 -5.4%
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

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Governance

Voting Members
7
Independent Members
N/A
Employees
N/A
Volunteers
150

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
4
$0
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Roberta Espericueta President 001.15
Officer Director
$0 $0 $0
Vicente Ochoa Vice-President 000.75
Officer Director
$0 $0 $0
Kim Echavarria Secretary 000.50
Officer Director
$0 $0 $0
Joanna Lara Treasurer 000.50
Officer Director
$0 $0 $0
Nancy Lopez Director Government Affairs 000.50
Director
$0 $0 $0
David Escalera Director of Board 000.50
Director
$0 $0 $0
Kendra Flores Director Education Affairs 000.50
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 $39,876 $46,383 $45,484 $-6,507
2023 $46,012 $44,543 $51,991 $1,469
2022 $51,325 $39,233 $50,204 $12,092
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