Trellis Company
Legal name: Texas Guaranteed Student Loan Corporation
Nonprofit profile at a glance
- EIN
- 742094204
- IRS 990 coverage
- 2009–2024
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2024, Form 990-T 2024
- Location
- Round Rock, TX, USA
- Phone
- 5122195700
- Rating
- 71
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Financial Institutions
Reported finances
- Revenue
- $72,856,424
- Expenses
- $42,539,891
- Assets
- $620,810,061
- Liabilities
- $315,523,927
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
18 people listed
Executive titles in this filing
- CHROMY DEBRA J (PRESIDENT/CEO)
Highest reported compensation
- CHROMY DEBRA J (PRESIDENT/CEO): $710,138 total reported compensation
- SCHWANKE DAVID SCOTT (CHIEF FINANCIAL OFFICER): $443,168 total reported compensation
- ASHTON BRYAN M (CHIEF STRATEGY AND GROWTH OFFICER): $414,464 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 develop and advance initiatives that grow individual economic mobility and expand community prosperity. Guided by a vision of personal and economic empowerment, Trellis drives programs that enhance personal economic opportunity and contribute to the overall well-being of communities. Through strategic partnerships and innovative programs, Trellis helps people unlock their potential. Learn more about Trellis Company below. c46dd46df36c63f37093fbc0a5bcb9578ebde4f8 - About Trellis Company c109654ce4d9c41ade23ba1c61bb4f9235ff52d2 - About Trellis Company.
What it reported doing in 2024
See schedule o
Operating model
- Revenue model
- Grant-funded. 87% of the money available for current operations came from government grants.
- Distribution model
- Hybrid. The nonprofit split its reported program spending across 67% for direct work, and 33% for grants.
The verdict
SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and program spending has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 51
- Transparency & Controls: 88
- Accountability: 100
- Sustainability: 77
- Growth: 0
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 48.6%; rating input score 49
- Program expense ratio: 71.3%; rating input score 71
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 92.9%; rating input score 93; 17th percentile among comparable filings
- Pay-setting controls: 5 of 6 controls in place; rating input score 83
- Compensation committee: Pass
- Independent consultant: Pass
- Other Form 990s reviewed: Pass
- Written employment contract: Missing
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: 100%; rating input score 100; 48th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: No; rating input score 0
Accountability
- Independent voting board: 100%; rating input score 100; 77th percentile among comparable filings
- Governance controls: 9 of 9 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: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 41.6%; rating input score 95; 95th percentile among comparable filings
- Total-asset coverage ratio: 14.59; rating input score 94; 94th percentile among comparable filings
- Liabilities to assets ratio: 0.51; rating input score 35; 35th percentile among comparable filings
- Officer compensation ratio: 9.5%; rating input score 3; 3rd percentile among comparable filings
Growth
- Program expense growth: -3.3% per year; rating input score 0; 3rd percentile among comparable filings
- Revenue growth: -7% per year; rating input score 0; 1st percentile among comparable filings
- Asset growth: -1.8% per year; rating input score 0; 4th percentile among comparable filings
Details
- What they do: Mission, programs, and operating context captured from the official website.
- Where the money goes: 48.6% of revenue deployed · 71.3% of spending went to programs
- Governance: 7 of 7 board members independent · 9 of 9 filing controls reported
- Programs: 2 filed program accomplishments · $30.3M in reported program spending
- Leadership: top reported pay $710K · 18 people listed · 5 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $1.6M reported
- Consistency: 32 of 33 current checks pass · 1 finding to review
- Schedules: 8 filed schedules · includes major donors, grants, executive pay, and related organizations
- Filing history: 16 filing years from 2009 to 2024
- Contacts: How to reach this organization
- Money network: 25 filed money-flow records
- Related organizations: 8 filed related-organization links
- 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.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Financial Efficiency: Mission deployment rate scored 49/100.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- High — Transparency & Controls: Related-party transparency scored 0/100.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Officer compensation ratio scored 3/100.
- Review — Transparency & Controls: Schedule R controlled transactions itemized did not reconcile in the filed values.
- Moderate — Sustainability: Liabilities to assets ratio scored 35/100.