HEREFORD SPORTSPLEX 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

2012

Legal Domicile

Principal Officer

JIMMY LACKEY

Phone

8063638222

Tax Period

2023-01-01 to 2023-12-31

HEREFORD SPORTSPLEX INC, founded in 2012, is a small nonprofit in the Human Services sector that reported $770K in total revenue in fiscal year 2023. Revenue surged 39% from the prior year, signaling strong growth momentum. Expenses of $741K left a modest 4% surplus.

Mission

IT IS THE MISSION OF HEREFORD SPORTS & WELLNESS TO PROVIDE WHOLESOME SPORTS PROGRAMS, FITNESS OPPORTUNITIES, AND OTHER COMMUNITY-BUILDING ACTIVITIES FOR THE CITIZENS OF HEREFORD AND THE SURROUNDING REGION. WE ARE COMMITTED TO OFFERING OUR SERVICES TO OUR YOUTH, ADULTS AND SENIOR CITIZENS, AS WELL AS FAMILIES FROM ALL CULTURES AND WALKS OF LIFE. WE WANT TO CATER TO WORKING FAMILIES, SINGLE PARENTS, LARGE COMPANIES, SMALL BUSINESSES, AND OTHER LOCAL AND REGIONAL ORGANIZATIONS. IT IS OUR GOAL TO INVOLVE MEMBERS OF OUR COMMUNITY IN SPORTS AND WELLNESS PROGRAMS THAT PROMOTE COMMUNITY-ENGAGEMENT AND QUALITY OF LIFE IMPROVEMENT FOR THE CITIZENS OF HEREFORD AND OUR SURROUNDING REGION.

Program Service Accomplishments

Program 1

Expenses: $660,372 Revenue: $416,021

HEREFORD SPORTSPLEX, INC. OPERATES A REGIONAL MULTI-SPORT ATHLETIC FACILITY AND A FITNESS FACILITY IN HEREFORD, TEXAS TO PROMOTE PHYSICAL ACTIVITY, TEAM SPORTS AND COMMUNITY SPIRIT. THE MULTI-SPORT FACILITY KNOWN AS THE CAVINESS SPORTS COMPLEX, SERVES AS A HOST FACILITY IN THE TEXAS PANHANDLE FOR COMPETITIVE AND RECREATIONAL ATHLETIC PROGRAMS AND ACTIVITIES FOR ALL AGES, WHICH BENEFIT THE ENTIRE COMMUNITY BY IMPROVING THE QUALITY OF LIFE OF CURRENT RESIDENTS, ENCHANCING ECONOMIC DEVELOPMENT, CONTRIBUTING TO INCREASED RESIDENTIAL AND COMMERICAL REAL ESTATE VALUES, GENERATING SUBSTANTIAL BUSINESS AND TOURIST ACTIVITY THROUGH ITS OPERATIONS. STUDENTS, SENIORS, YOUTH AND THE COMMUNITY AT LARGE BENEFIT FROM HAVING ACCESS TO THIS MULTI-SPORTS ATHLETIC FACILITY WHICH IS OPEN TO SCHOOLS, CLUBS AND RECREATIONAL SPORTS TEAMS SUCH AS THE BOY SCOUTS, GIRL SCOUTS, SPECIAL OLYMPICS, SENIOR CITIZEN GROUPS, MOTHERS OF PRESCHOOLERS GROUPS, FAMILY GROUPS, RELIGIOUS GROUPS AND MANY MORE, FOR A VARIETY OF EVENTS. IN RELATION TO ITS HEALTH AND WELLNESS PURPOSE, HEREFORD SPORTSPLEX ALSO NOW OPERATES THE FITNESS FACILITY KNOWN AS THE WELDON KNABE ACTIVITIES CENTER, FORMERLY OPERATED BY THE HEREFORD AND VICINITY YMCA. THE CENTER OFFERS MEMBERSHIPS AND DAY PASSES FOR ALL AGES FOR USE OF THE WEIGHT ROOM, CARDIO EQUIPMENT, WHIRLPOOL, SPIN BIKE ROOM, DRY SAUNA, AND EXERCISE ROOM FOR A VARIETY OF GROUP FITNESS CLASSES INCLUDING SUSPENSION TRAINING,KICKBOXING, AEROBICS, ZUMBA, AND MANY MORE.

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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 $352,815

Program Service Revenue $416,021

Investment Income $0

Other Revenue $1,094

TOTAL REVENUE $769,930

Expense Breakdown

Grants Paid $0

Salaries & Benefits $249,460

Fundraising Expenses $0

Program Expenses $660,372

Other Expenses $491,350

TOTAL EXPENSES $740,810

Year-over-Year Comparison

	2023	2022	Change
Revenue	$769,930	$554,296	+0.4%
Expenses	$740,810	$673,872	+0.1%
Net Income	$29,120	$-119,576	-1.2%

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

Volunteers

200

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
REGAN CAVINESS	CHAIR	1.00	Officer Director	$0	$0	$0
JIMMY LACKEY	TREASURER	1.00	Officer Director	$0	$0	$0
CRAIG WILFONG	DIRECTOR	1.00	Director	$0	$0	$0
CINDY SIMONS	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD SAUCEDA	DIRECTOR	1.00	Director	$0	$0	$0
LINDSAY CHANDLER	DIRECTOR	1.00	Director	$0	$0	$0
EMILIO ROMERO	DIRECTOR	1.00	Director	$0	$0	$0
ADRIAN ALEJANDRE	DIRECTOR	1.00	Director	$0	$0	$0
JEAN COFFIN	DIRECTOR	1.00	Director	$0	$0	$0
LUIS ARIAS	DIRECTOR	1.00	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
2024	No data	No data	No data	No data
2023	$769,930	$740,810	$4,313,485	$29,120
2022	$554,296	$673,872	$4,354,868	$-119,576
2021	$942,431	$624,457	$4,485,088	$317,974
2020	$827,230	$569,092	$4,452,225	$258,138
2019	$465,477	$564,785	$3,852,773	$-99,308
2018	$461,845	$522,366	$3,624,493	$-60,521