PALO PINTO AREA FOUNDATION INC

EIN: 237036404 501(c)(3)

Mineral Wells, TX

Total Revenue
$3,066
Total Expenses
$13,585
Total Assets
$536,554
Net Assets
$536,969
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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
1969
Legal Domicile
TX
Principal Officer
William Whiddon
Phone
9403256401
Tax Period
2023-10-01 to 2024-09-30

PALO PINTO AREA FOUNDATION INC, founded in 1969, is a micro nonprofit that reported $3K in total revenue in fiscal year 2023. Revenue fell 94% from the prior year — a significant decline worth monitoring. Expenses of $14K exceeded revenue, resulting in a 343% operating deficit.

Mission

Our mission is to improve the quality of life by supporting excellence in healthcare and healthcare education provided by Palo Pinto General Hospital.

Program Service Accomplishments

Program 1
Expenses: $0 Revenue: $0

To support Palo Pinto General Hospital

Program 2
Expenses: $0 Revenue: $0

None

Program 3
Expenses: $0 Revenue: $0

None

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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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $3,066
Other Revenue $0
TOTAL REVENUE $3,066

Expense Breakdown

Grants Paid $12,750
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $0
Other Expenses $835
TOTAL EXPENSES $13,585

Year-over-Year Comparison

2023 2022 Change
Revenue $3,066 $51,053 -0.9%
Expenses $13,585 $25,653 -0.5%
Net Income $-10,519 $25,400 -1.4%
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
7
Employees
N/A
Volunteers
8

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
6
$0
Total Directors
8
$0
Key Employees
1
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Megan Hudson Director 0.50
Director
$0 $0 $0
Jeanette Ender President 0.50
Officer Director
$0 $0 $0
Catrina Richards Treasurer 0.50
Officer Director
$0 $0 $0
John Clark Jr Vice President 0.50
Officer Director
$0 $0 $0
Linda Porter Bradford Secretary 0.50
Officer Director
$0 $0 $0
Tracy Kirsch Director 0.50
Officer Director
$0 $0 $0
Larry Eswein Director 0.50
Officer Director
$0 $0 $0
Connie Bell Director 0.50
Director Key Emp
$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 $3,066 $13,585 $536,554 $-10,519
2023 $51,053 $25,653 $576,258 $25,400
2022 $30,341 $10,331 $552,858 $20,010
2021 $27,198 $7,430 $530,224 $19,768
2020 $31,645 $18,405 $510,456 $13,240
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