Driftwood Historical Conservation … - Form 990 Financial Data

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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

2015

Legal Domicile

Principal Officer

Denton Ragland

Phone

8326053175

Tax Period

2023-01-01 to 2023-12-31

Driftwood Historical Conservation Society, founded in 2015, is a small nonprofit in the Arts, Culture & Humanities sector that reported $311K in total revenue in fiscal year 2023. Revenue surged 1891% from the prior year, signaling strong growth momentum. The organization ran a surplus of $272K, a strong 87% operating margin.

Mission

DHCS exists to preserve and enhance Driftwoods rural beauty, heritage, sense of community and belonging.

Program Service Accomplishments

Program 1

Expenses: $18,601 Revenue: $4,975

DHCS operated the Driftwood Community Center, which is a multi-use facility that supports the Driftwood/Onion Creek Valley community.

Program 2

Expenses: $6,884 Revenue: $1,250

DHCS hosted the Driftwood Heritage Festival. Attendees enjoyed live music while shopping hyper-local vendors and enjoying Vistas delicious food and drink, learned about the rich history and exciting future of this agrarian community, and learned about efforts in our community addressing sustainability, conservation, light pollution, agriculture, and 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 $302,934

Program Service Revenue $1,250

Investment Income $0

Other Revenue $7,122

TOTAL REVENUE $311,306

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $25,485

Other Expenses $39,110

TOTAL EXPENSES $39,110

Year-over-Year Comparison

	2023	2022	Change
Revenue	$311,306	$15,636	+18.9%
Expenses	$39,110	$14,352	+1.7%
Net Income	$272,196	$1,284	+211.0%

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

N/A

Volunteers

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
Mark Rutledge	President	20.00	Officer Director	$0	$0	$0
Shelby Eckols	President	20.00	Officer Director	$0	$0	$0
Ray Beets	Vice President	10.00	Officer Director	$0	$0	$0
Allison Allen	Vice President	20.00	Officer Director	$0	$0	$0
Rick Brennes	Vice President	20.00	Officer Director	$0	$0	$0
Mike Pruitt	Secretary	10.00	Officer Director	$0	$0	$0
Denton Ragland	Treasurer	20.00	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
2023	$311,306	$39,110	$326,203	$272,196

Driftwood Historical Conservation Society