DALHART EDUCATION FOUNDATION INC

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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

2007

Legal Domicile

Principal Officer

JEFF LLOYD

Phone

8062494526

Tax Period

2023-01-01 to 2023-12-31

DALHART EDUCATION FOUNDATION INC, founded in 2007, is a micro nonprofit in the Education sector that reported $92K in total revenue in fiscal year 2023. Revenue surged 105% from the prior year, signaling strong growth momentum. Expenses of $354K exceeded revenue, resulting in a 284% operating deficit.

Mission

TO RECEIVE AND DISBURSE FUNDS, PROPERTY, AND GIFTS OF ANY KIND EXCLUSIVELY TO BENEFIT EDUCATIONAL OBJECTIVES IN THE DALHART, TEXAS AREA; INCLUDING PROVIDING EDUCATIONAL OPPORTUNITIES TO LOCAL SCHOOLS AND THE COMMUNITY THAT ARE NOT INCLUDED IN THE NORMAL EDUCATIONAL PROCESS AS WELL AS SCHOLARSHIPS FOR LOCAL RESIDENTS.

Program Service Accomplishments

Program 1

Expenses: $206,973 Revenue: $21,825

PROVIDE DALHART AREA RESIDENTS WITH EDUCATIONAL, RECREATIONAL, AND INFORMATIONAL PROGRAMS TO ENRICH LIVES IN THE COMMUNITY. INCLUDING COMMUNICATION - LANGUAGE COURSES. (1)ESL (ENGLISH AS A SECOND...

PROVIDE DALHART AREA RESIDENTS WITH EDUCATIONAL, RECREATIONAL, AND INFORMATIONAL PROGRAMS TO ENRICH LIVES IN THE COMMUNITY. INCLUDING COMMUNICATION - LANGUAGE COURSES. (1)ESL (ENGLISH AS A SECOND LANGUAGE) PROGRAM IN COLLABORATION WITH DALHART ISD WHICH PROVIDES EDUCATIONAL OPPORTUNITIES TO STUDENTS THAT ARE NOT PART OF THE NORMAL REQUIRED EDUCATIONAL CURRICULUM. (2)SPANISH (NON ESL) CLASSES TO PROVIDE BUSINESSES & THE COMMUNITY EDUCATION OPPORTUNITIES TO ENHANCE THIER TRAINING AND SKILLS AND ENHANCE LIVES IN THE COMMUNITY.

Program 2

Expenses: $103,621 Revenue: $0

PROVIDE EDUCATIONAL OPPORTUNITIES FOR RESIDENTS OF THE COMMUNITY IN THE FORM OF GRANTS AND SCHOLARSHIPS TO FRANK PHILLIPS COLLEGE DALHART ANNEX FOR DUAL CREDIT COURSES AND HIGHER EDUCATION FOR THE...

PROVIDE EDUCATIONAL OPPORTUNITIES FOR RESIDENTS OF THE COMMUNITY IN THE FORM OF GRANTS AND SCHOLARSHIPS TO FRANK PHILLIPS COLLEGE DALHART ANNEX FOR DUAL CREDIT COURSES AND HIGHER EDUCATION FOR THE ENHANCEMENT OF THE COMMUNITY.

Program 3

Expenses: $19,740 Revenue: $0

PROVIDE EDUCATIONAL OPPORTUNITIES FOR RESIDENTS OF THE COMMUNITY IN THE FORM OF SCHOLARSHIPS FOR HIGHER EDUCATION.

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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 $68,093

Program Service Revenue $9,825

Investment Income $2,094

Other Revenue $12,000

TOTAL REVENUE $92,012

Expense Breakdown

Grants Paid $123,361

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $330,334

Other Expenses $230,319

TOTAL EXPENSES $353,680

Year-over-Year Comparison

	2023	2022	Change
Revenue	$92,012	$44,881	+1.1%
Expenses	$353,680	$284,008	+0.2%
Net Income	$-261,668	$-239,127	+0.1%

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

N/A

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
KEVIN CADDELL	DIRECTOR	1.00	Director	$0	$0	$0
JUSTIN MOORE	DIRECTOR	1.00	Director	$0	$0	$0
JOE ALCORTA	DIRECTOR	1.00	Director	$0	$0	$0
WES RITCHEY	DIRECTOR	1.00	Director	$0	$0	$0
RONNIE GORDON	DIRECTOR	1.00	Director	$0	$0	$0
KAY BEZNER	DIRECTOR	1.00	Director	$0	$0	$0
TERREL JONES	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL STEVENS	DIRECTOR	1.00	Director	$0	$0	$0
SCOT VINCENT	DIRECTOR	1.00	Director	$0	$0	$0
JEFF LLOYD	PRESIDENT	1.00	Officer	$0	$0	$0
CHERI DEJONG	SECRETARY/TREASURER	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	$92,012	$353,680	$6,215,625	$-261,668
2022	$44,881	$284,008	$6,477,275	$-239,127
2021	$244,662	$285,360	$6,772,793	$-40,698
2020	$129,542	$265,679	$6,816,891	$-136,137
2019	$694,966	$165,693	$6,970,225	$529,273
2018	$3,824,731	$333,547	$6,443,856	$3,491,184