Education
(B82)
IRS Verified
DX Registered
990 on File
TEXAS ASPHALT PAVEMENT ASSOCIATION SCHOLARSHIP PROGRAM
Financial strength (30%)
79/100
Reliability (20%)
45/100
Effectiveness (25%)
87/100
Impact (25%)
No data yet
CharityAI™ Score
Not yet evaluated
Mission Statement
The TXAPA Scholarship Program benefits promising students enrolled in engineering and technical programs throughout the state of Texas. It's funded entirely by the generosity of our members who actively participate in our penultimate fundraising activity, the TXAPA Scholarship Program Live and Silent Auction. The scholarship committee works tirelessly year-round to secure donations of auction items and cash, in addition to planning the actual event which takes place at TXAPA’s Annual Meeting.
Financial Overview — FY 2023
$905K
Total Revenue
$317K
Total Expenses
$3.1M
Net Assets
0
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio
100.0%
Fundraising Efficiency
0.0%
Operating Reserve
117.96x
Liability-to-Asset
0.5%
Revenue Diversification
53.5%
Compared with Peers
FY 2023
Compared with 21,283 similar organizations
(United States, Education, $100K–$1M in expenses), FY 2023.
This organization
Middle half of peers (P25–P75)
Peer median
| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
100.0% | 88.7% |
P10P90
|
Top quarter |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
0.0% | 8.8% |
P10P90
|
Top quarter |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
0.0% | 0.0% |
P10P90
|
Top quarter |
|
Fundraising efficiency
Fundraising expenses / gross fundraising income
· lower is better
|
0.0% | 1.9% |
P10P90
|
Top quarter |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
118.0 mo | 9.7 mo |
P10P90
|
Top quarter |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
0.5% | 0.5% |
P10P90
|
Above median |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
53.5% | 90.2% |
P10P90
|
Top quarter |
|
Revenue growth
Year over year revenue growth
|
31.7% | 8.6% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
26.9% | 13.1% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
64.9% | 2.3% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2023 | $905K | $317K | $3.1M | 100.0% | 0 |
| 2022 | $687K | $250K | $2.4M | 100.0% | 0 |
| 2021 | $805K | $114K | N/A | — | 0 |
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