PANHANDLE-PLAINS MANAGEMENT & SERVICING CORPORATION

EIN: 455543346 501(c)(3)

CANYON, TX

Total Revenue
$651,943
Total Expenses
$1,504,126
Total Assets
N/A
Net Assets
N/A
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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
2012
Legal Domicile
TX
Principal Officer
JIMMY PARKER
Phone
8063244115
Tax Period
2020-01-01 to 2020-09-30

PANHANDLE-PLAINS MANAGEMENT & SERVICING CORPORATION, founded in 2012, is a small nonprofit that reported $652K in total revenue in fiscal year 2019. Revenue fell 82% from the prior year — a significant decline worth monitoring. Expenses of $1.5M exceeded revenue, resulting in a 131% operating deficit.

Mission

MASTER STUDENT LOAN SERVICER FOR PANHANDLE-PLAINS HIGHER EDUCATION AUTHORITY, INC. (PPHEA), PANHANDLE-PLAINS STUDENT FINANCE CORPORATION (PPSFC), AND OTHER ORGANIZATIONS. THE CORPORATION ALSO PERFORMS MANAGEMENT AND OVERSIGHT SERVICES FOR PPHEA AND PPSFC, OF WHICH BOTH ARE ALSO RELATED NOT-FOR-PROFIT ORGANIZATIONS. ALSO PROVIDES EDUCATIONAL AND CHARITABLE PROGRAMS TO DECREASE STUDENT LOAN DEFAULTS, PROMOTE FINANCIAL AID OUTREACH AND FINANCIAL LITERACY.

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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 (2019)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $638,954
Investment Income $12,989
Other Revenue $0
TOTAL REVENUE $651,943

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,192,998
Fundraising Expenses $0
Program Expenses $1,178,798
Other Expenses $311,128
TOTAL EXPENSES $1,504,126

Year-over-Year Comparison

2019 2018 Change
Revenue $651,943 $3,647,562 -0.8%
Expenses $1,504,126 $3,021,790 -0.5%
Net Income $-852,183 $625,772 -2.4%
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
4
Independent Members
4
Employees
14
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
6
$577,940
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JIMMY PARKER PRESIDENT 30.00
Officer
$187,710 $32,329 $220,039
JOHN WRIGHT SR VICE PRES 30.00
Officer
$160,728 $45,438 $206,166
ZACH BELL CFO 30.00
Officer
$121,442 $30,293 $151,735
QUINN ALEXANDER DIRECTOR 2.00
Director
$0 $0 $0
JAN BENTON VICE CHAIR 2.00
Officer Director
$0 $0 $0
TAMMY ROARK CHAIR 2.00
Officer Director
$0 $0 $0
MICHAEL P RYAN SECRETARY 2.00
Officer Director
$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
2020 $651,943 $1,504,126 No data $-852,183
2019 $3,647,562 $3,021,790 $10,326,182 $625,772
2018 $4,814,114 $3,323,082 $9,847,506 $1,491,032
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