PALO DURO CLUB

EIN: 750479522

AMARILLO, TX

Total Revenue
$355,692
Total Expenses
$373,349
Total Assets
$347,529
Net Assets
$314,306
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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
1905
Legal Domicile
TX
Principal Officer
CAROL LOVELADY
Phone
8066550690
Tax Period
2024-03-01 to 2025-02-28

PALO DURO CLUB, founded in 1905, is a small nonprofit that reported $356K in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion.

Mission

THE PALO DURO CLUB IS A SOCIAL CLUB ORGANIZED TO PROVIDE IT'S MEMBERS A RURAL RETREAT WHERE THEY CAN ENJOY OUTDOOR AND SOCIAL ACTIVITIES INCLUDING SWIMMING, TENNIS, HIKING AND HORSEBACK RIDING.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $351,882
Investment Income $0
Other Revenue $3,810
TOTAL REVENUE $355,692

Expense Breakdown

Grants Paid $0
Salaries & Benefits $52,651
Fundraising Expenses $0
Other Expenses $320,698
TOTAL EXPENSES $373,349

Year-over-Year Comparison

2024 2023 Change
Revenue $355,692 $311,159 +0.1%
Expenses $373,349 $341,561 +0.1%
Net Income $-17,657 $-30,402 -0.4%
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
9
Independent Members
9
Employees
2
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
5
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CAROL LOVELADY PRESIDENT 2.00
Officer
$0 $0 $0
BART BOXWELL VICE PRESIDE 2.00
Officer
$0 $0 $0
PAT WARE TREASURER 2.00
Officer
$0 $0 $0
COLLIN MCCARTT SECRETARY 2.00
Officer
$0 $0 $0
KIM BARRETT EXECUTIVE AS 4.00
Officer
$0 $0 $0
BRIAN FARABOUGH MEMBER 2.00
Director
$0 $0 $0
JOHN MCKINLEY MEMBER 2.00
Director
$0 $0 $0
ANDREW MITCHELL MEMBER 2.00
Director
$0 $0 $0
PAT SANDERS MEMBER 2.00
Director
$0 $0 $0
JERRY DON THOMPSON MEMBER 2.00
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 $355,692 $373,349 $347,529 $-17,657
2024 $311,159 $341,561 $332,579 $-30,402
2023 $315,105 $298,407 $362,954 $16,698
2022 $313,146 $284,696 $343,990 $28,450
2021 $248,699 $254,737 $316,853 $-6,038
2020 $262,342 $231,680 $322,288 $30,662
2019 $267,799 $216,667 $291,616 $51,132
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