LADDIE J HENDRICKS CHARITABLE TRUST

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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

2000

Legal Domicile

Principal Officer

SECURITY STATE BANK TRU

Phone

8308958028

Tax Period

2023-08-01 to 2024-07-31

LADDIE J HENDRICKS CHARITABLE TRUST, founded in 2000, is a micro nonprofit in the Philanthropy & Grantmaking sector that reported $73K in total revenue in fiscal year 2023. Revenue decreased 8% compared to the prior year. Net assets of $902K represent 149 months of operating reserves.

Mission

TO SUPPORT THE SALVATION ARMY OF KERRVILLE, TEXAS BY MEANS OF AN ANNUAL DISTRIBUTION OF THE NET INCOME OF THE TRUST.

Program Service Accomplishments

Program 1

Expenses: $71,249

TO SUPPORT THE SALVATION ARMY OF KERRVILLE, TEXAS BY MEANS OF AN ANNUAL DISTRIBUTION OF THE NET INCOME OF THE TRUST, SUCH NET INCOME BEING DERIVED FROM INVESTMENT ACTIVITIES. THERE ARE NO OTHER...

TO SUPPORT THE SALVATION ARMY OF KERRVILLE, TEXAS BY MEANS OF AN ANNUAL DISTRIBUTION OF THE NET INCOME OF THE TRUST, SUCH NET INCOME BEING DERIVED FROM INVESTMENT ACTIVITIES. THERE ARE NO OTHER INCOME GENERATING ACTIVITIES OR PROGRAM SERVICES.

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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 $0

Program Service Revenue $0

Investment Income $72,655

Other Revenue $0

TOTAL REVENUE $72,655

Expense Breakdown

Grants Paid $54,829

Salaries & Benefits $16,420

Fundraising Expenses $0

Program Expenses $71,249

Other Expenses $1,500

TOTAL EXPENSES $72,749

Year-over-Year Comparison

	2023	2022	Change
Revenue	$72,655	$78,840	-0.1%
Expenses	$72,749	$76,200	0.0%
Net Income	$-94	$2,640	-1.0%

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

N/A

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
N/A	TRUSTEE	6.00		$16,420	$0	$16,420

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	No data	No data	No data	No data
2024	$72,655	$72,749	$957,052	$-94
2023	$78,840	$76,200	$961,304	$2,640
2022	$57,358	$72,459	$954,139	$-15,101
2021	$34,357	$67,342	$965,066	$-32,985
2020	$31,645	$66,077	$997,653	$-34,432
2019	$88,503	$65,907	$1,032,028	$22,596