West Texas Lighthouse for the Blind (EIN 751159559) - Form 990 Financial Analysis & Trantor Score

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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

1963

Legal Domicile

Phone

3256534231

Tax Period

2024-01-01 to 2024-12-31

West Texas Lighthouse for the Blind, founded in 1963, is a community nonprofit that reported $6.5M in total revenue in fiscal year 2024. The organization ran a surplus of $2.0M, a strong 31% operating margin.

Mission

Promote independence and self-reliance for the visually impaired through job opportunities.

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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 (2024)

Revenue Breakdown

Contributions & Grants $37,948

Program Service Revenue $0

Investment Income $246,976

Other Revenue $6,169,425

TOTAL REVENUE $6,454,349

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,659,593

Fundraising Expenses $2,578

Program Expenses $2,877,107

Other Expenses $798,175

TOTAL EXPENSES $4,457,768

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,454,349	$6,662,960	0.0%
Expenses	$4,457,768	$4,088,858	+0.1%
Net Income	$1,996,581	$2,574,102	-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

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

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

$151,459

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
David Wells	Executive Director	40.00	Officer	$151,459	$0	$151,459
Ted Hackl	Director	4.00	Director	$0	$0	$0
Pierce Miller	Director	4.00	Director	$0	$0	$0
Paul Stipanovic	Director	4.00	Director	$0	$0	$0
Zane Willard	Director	4.00	Director	$0	$0	$0
Larry Hettick	Director	4.00	Director	$0	$0	$0
Steve Cecil	Vice Chairman	4.00	Officer Director	$0	$0	$0
Barbara Rogers	Secretary	4.00	Officer Director	$0	$0	$0
Sharynn Tomlin	Chair	4.00	Officer Director	$0	$0	$0
Ryan Gaddy	Treasurer	4.00	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
2024	$6,454,349	$4,457,768	$14,684,493	$1,996,581
2023	$6,662,960	$4,088,858	$12,519,915	$2,574,102
2022	$5,378,623	$3,731,877	$9,684,938	$1,646,746
2021	$2,220,573	$1,439,926	$8,226,799	$780,647
2020	$2,263,182	$1,431,125	$7,541,870	$832,057
2019	$1,905,044	$1,460,808	$6,562,326	$444,236
2019	$1,905,044	$1,460,808	$6,562,326	$444,236
2018	$1,946,062	$1,434,308	$5,743,730	$511,754
2018	$1,946,062	$1,434,308	$5,743,730	$511,754
2017	$1,512,013	$1,108,336	$4,735,617	$403,677

West Texas Lighthouse for the Blind