Texas College
Nonprofit profile at a glance
- EIN
- 750917417
- IRS 990 coverage
- 2009–2024
- Forms available
- Form 990 2024
- Location
- Tyler, TX, USA
- Phone
- 9035938311
- Rating
- 78
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Undergraduate College (4-year)
Reported finances
- Revenue
- $18,493,524
- Expenses
- $16,839,973
- Assets
- $69,678,410
- Liabilities
- $7,328,127
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
21 people listed
Executive titles in this filing
- Dr Dwight J Fennell (President)
- Ms Millicent L Rickenbacker (Vice President for Business and Finance)
- Mrs Cynthia Marshall-Biggins (Vice President for Student Affairs)
- Ms Jan Duncan (Vice President for Academic Affairs)
Highest reported compensation
- Dr Dwight J Fennell (President): $599,463 total reported compensation
- Ms Millicent L Rickenbacker (Vice President for Business and Finance): $110,675 total reported compensation
- Mrs Cynthia Marshall-Biggins (Vice President for Student Affairs): $108,981 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To ensure that the student body experiences balanced intellectual, psychological, social and spiritual development, aimed at enabling them to become active productive members of society where they live and work.
What it reported doing in 2024
Auxiliary enterprises support the Colleges mission of providing quality educational opportunities. These services include, but are not limited to food services, campus housing, campus post office, parking, vending campus stores and athletics.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Direct operator. The filing allocates 95% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - The filed numbers largely add up and a large share of total spending goes to programs. A relatively small share of available resources goes toward mission work and reported officer compensation is a large share of total spending, which may reflect staffing concentration.
Rating breakdown
- Financial Efficiency: 61
- Transparency & Controls: 83
- Accountability: 100
- Sustainability: 69
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 58.5%; rating input score 58
- Program expense ratio: 63.1%; rating input score 63
- Fundraising efficiency: $32.66 raised per $1 spent on fundraising; rating input score 68; 68th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
- Pay-setting controls: 3 of 6 controls in place; rating input score 50
- Compensation committee: Pass
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Pass
- Compensation survey or study: Missing
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
- Governance controls: 8 of 8 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 8.9%; rating input score 65; 65th percentile among comparable filings
- Total-asset coverage ratio: 4.14; rating input score 82; 82nd percentile among comparable filings
- Liabilities to assets ratio: 0.11; rating input score 73; 73rd percentile among comparable filings
- Officer compensation ratio: 5.5%; rating input score 46; 46th percentile among comparable filings
Growth
- Program expense growth: 0.9% per year; rating input score 100; 14th percentile among comparable filings
- Revenue growth: 1.9% per year; rating input score 100; 17th percentile among comparable filings
- Asset growth: 11.8% per year; rating input score 100; 72nd percentile among comparable filings
Details
- Where the money goes: 58.5% of revenue deployed · 63.1% of spending went to programs
- Governance: 17 of 17 board members independent · 8 of 8 filing controls reported
- Programs: 2 filed program accomplishments · $10.6M in reported program spending
- Leadership: top reported pay $599K · 21 people listed · 3 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $1.6M reported
- Consistency: 19 of 19 current checks pass
- Schedules: 8 filed schedules · includes major donors, grants, and executive pay
- Filing history: 15 filing years from 2009 to 2024
- Contacts: How to reach this organization
- Money network: 4 filed money-flow records
- Related organizations: Filed and resolved organization relationships.
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.
- Review — Financial Efficiency: Mission deployment rate scored 58/100.
- Moderate — Sustainability: Officer compensation ratio scored 46/100.
- High — Grant Readiness: Federal audit findings: this organization reported findings in its latest federal Single Audit.