HEREFORD SPORTSPLEX INC

EIN: 461472724 501(c)(3) Human Services

HEREFORD, TX

Total Revenue
$769,930
Total Expenses
$740,810
Total Assets
$4,313,485
Net Assets
$3,884,905
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2012
Legal Domicile
TX
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.

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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 $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

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Governance

Voting Members
10
Independent Members
10
Employees
8
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
2
$0
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
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
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