HAPPY HILL FARM CHILDRENS HOME INC

EIN: 510236530 501(c)(3) Human Services

GRANBURY, TX

Total Revenue
$5,726,181
Total Expenses
$6,678,184
Total Assets
$15,406,051
Net Assets
$15,406,051
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1976
Legal Domicile
TX
Principal Officer
Todd L Shipman
Phone
2548974822
Tax Period
2025-01-01 to 2025-12-31

HAPPY HILL FARM CHILDRENS HOME INC, founded in 1976, is a community nonprofit in the Human Services sector that reported $5.7M in total revenue in fiscal year 2025. Expenses of $6.7M exceeded revenue, resulting in a 17% operating deficit.

Mission

The purpose of the Home is to prepare students for advanced education through a rigorous, college-preparatory educational program taught within a Christian worldview framework. Students are also prepared for life as informed, ethical, moral and productive citizens through a host of other opportunities that promote intellectual, social, and emotional growth.

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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 (2025)

Revenue Breakdown

Contributions & Grants $4,352,734
Program Service Revenue $353,433
Investment Income $0
Other Revenue $1,020,014
TOTAL REVENUE $5,726,181

Expense Breakdown

Grants Paid $0
Salaries & Benefits $3,035,318
Fundraising Expenses $227,147
Program Expenses $6,228,501
Other Expenses $3,642,866
TOTAL EXPENSES $6,678,184

Year-over-Year Comparison

2025 2024 Change
Revenue $5,726,181 $5,843,552 0.0%
Expenses $6,678,184 $6,646,778 +0.0%
Net Income $-952,003 $-803,226 +0.2%
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

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Liquidity & Cash Position

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Governance

Voting Members
10
Independent Members
8
Employees
101
Volunteers
10

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
3
$270,900
Total Directors
9
$175,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Lucas Shipman Development Off 55.00
Officer
$95,900 $0 $95,900
Charles E Shipman Jr COO 60.00
Officer Director
$87,500 $0 $87,500
Todd L Shipman President 60.00
Officer Director
$87,500 $0 $87,500
Dale C Rogers Director 1.00
Director
$0 $0 $0
John Gesek Director 1.00
Director
$0 $0 $0
Sharon Giles Director 1.00
Director
$0 $0 $0
Gary C Martin Director 1.00
Director
$0 $0 $0
Dr O Z Helmer Director 1.00
Director
$0 $0 $0
Tom Miller Director 1.00
Director
$0 $0 $0
Truitt B Garrison 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
2025 $5,726,181 $6,678,184 $15,406,051 $-952,003
2024 $5,843,552 $6,646,778 $16,358,054 $-803,226
2023 $6,253,991 $6,707,023 $17,162,404 $-453,032
2022 $5,573,136 $6,573,865 $17,614,312 $-1,000,729
2021 $6,548,370 $6,458,270 $18,615,041 $90,100
2020 $4,586,133 $6,607,172 $19,236,271 $-2,021,039
2019 $7,606,398 $8,034,954 $20,547,132 $-428,556
2018 $7,553,744 $8,458,224 $20,974,536 $-904,480
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