CHANCE CLIFTON LIVE BIG FOUNDATION

EIN: 463231257 501(c)(3) Education

HURST, TX

Total Revenue
$291,552
Total Expenses
$36,222
Total Assets
$333,855
Net Assets
$333,855
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2014
Legal Domicile
TX
Principal Officer
THOMAS YEAKLEY
Phone
8175868658
Tax Period
2023-01-01 to 2023-12-31

CHANCE CLIFTON LIVE BIG FOUNDATION, founded in 2014, is a small nonprofit in the Education sector that reported $292K in total revenue in fiscal year 2023. Revenue surged 4842% from the prior year, signaling strong growth momentum. The organization ran a surplus of $255K, a strong 88% operating margin.

Mission

OUR MISSION IS TO PROVIDE FINANCIAL ASSISTANCE AND OTHER RESOURCES TO HELP FAMILIES THAT HAVE SUFFERED A TRAGIC LOSS. THE FOUNDATION WAS INITIALLY CREATED TO ASSIST WITH THE LOSS OF A CHILD BUT WE HAVE BROADENED OUR SCOPE TO INCLUDE THE LOSS OF A SPOUSE OR THE LOSS OF A JOB.

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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 $205,421
Program Service Revenue $0
Investment Income $0
Other Revenue $86,131
TOTAL REVENUE $291,552

Expense Breakdown

Grants Paid $28,404
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $29,205
Other Expenses $7,818
TOTAL EXPENSES $36,222

Year-over-Year Comparison

2023 2022 Change
Revenue $291,552 $5,899 +48.4%
Expenses $36,222 $21,965 +0.6%
Net Income $255,330 $-16,066 -16.9%
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
6
Independent Members
6
Employees
N/A
Volunteers
25

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
4
$0
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
D GREG CLIFTON PRESIDENT 10.00
Officer Director
$0 $0 $0
ELIZABETH ETHEREDGE VICE PRESIDENT 10.00
Officer Director
$0 $0 $0
SUSAN SORRELLS SECRETARY 10.00
Officer Director
$0 $0 $0
TOM YEAKLEY TREASURER 10.00
Officer Director
$0 $0 $0
DOAK LAMBERT DIRECTOR 5.00
Director
$0 $0 $0
JASON WELLS DIRECTOR 5.00
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 $291,552 $36,222 $333,855 $255,330
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