THE PARENTING COTTAGE

EIN: 751806027 501(c)(3) Human Services

LUBBOCK, TX

Total Revenue
$1,083,843
Total Expenses
$997,426
Total Assets
$1,514,848
Net Assets
$1,494,372
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Financial Trends

Organization Details

Formation Year
1982
Legal Domicile
TX
Principal Officer
CARLA OLSON
Phone
8067957552
Tax Period
2024-01-01 to 2024-12-31

THE PARENTING COTTAGE, founded in 1982, is a community nonprofit in the Human Services sector that reported $1.1M in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $997K left a modest 8% surplus.

Mission

THE VISION OF THE PARENTING COTTAGE IS TO BUILD A STRONG COMMUNITY BY FIRST BUILDING STRONG FAMILIES. THE VISION IS IMPLEMENTED THROUGH THE DELIVERY OF PROGRAM SERVICES, ADHERING TO THE AGENCY'S MISSION STATEMENT OF PROVIDING HOPE, EDUCATION, RESOURCES AND ENCOURAGEMENT TO FAMILIES WITH CHILDREN AGES 0 - KINDERGARTEN ENTRY.

Program Service Accomplishments

Program 1
Expenses: $919,601

THE PARENTING COTTAGE PROVIDED A BROAD RANGE OF EDUCATIONAL SERVICES TO FAMILIES IN LUBBOCK COUNTY, INCLUDING THE IMPLEMENTATION OF AN IN HOME VISITATION PROGRAM UTILIZING A NATIONALLY RECOGNIZED...

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THE PARENTING COTTAGE PROVIDED A BROAD RANGE OF EDUCATIONAL SERVICES TO FAMILIES IN LUBBOCK COUNTY, INCLUDING THE IMPLEMENTATION OF AN IN HOME VISITATION PROGRAM UTILIZING A NATIONALLY RECOGNIZED CURRICULUM, PARENTS AS TEACHERS, THAT PROVIDES PARENTING EDUCATION, EARLY CHILDHOOD DEVELOPMENT EDUCATION AND TOOLS FOR PARENTS TO MOVE THEIR FAMILY TOWARDS SELF-SUFFICIENCY, INCREASING THE STRENGTH OF THE FAMILY UNIT AND THEIR ABILITY TO SUSTAIN THEIR FAMILY. THE MAJORITY OF FAMILIES SERVED PRESENT WITH MULTIPLE CHALLENGES INCLUDING THE LACK OF BASIC RESOURCES, INCOMES BELOW THE POVERTY LEVEL, LOW EDUCATIONAL ATTAINMENT AND INADEQUATE OR INACCURATE KNOWLEDGE OF EARLY CHILDHOOD DEVELOPMENT. OTHER HIGH RISK FACTORS FOR FAMILY STABILITY INCLUDE FIRST TIME PARENTS, SINGLE PARENTS AND TEEN PARENTS. EVIDENCE BASED EDUCATIONAL PROGRAMS PROVIDED ALMOST 9,000 CLIENT ENCOUNTERS WITH FAMILIES IN 2024. THE PARENTS AS TEACHERS HOME VISITING PROGRAM PROVIDED ALMOST 40% OF THE TOTAL ENCOUNTERS SERVING JUST OVER 200 FAMILIES IMPACTING OVER 400 CHILDREN. GROUP PARENTING EFFORTS FOR PARENTS EXPECTING A BABY AND FOR THOSE ATTEMPTING REUNIFICATION OF THEIR FAMILIES FOLLOWING A LEGAL INTERVENTION BY CHILD PROTECTIVE SERVICES PROVED OVER 650 CLIENT ENCOUNTERS WITH PARENTS IMPACTING AN ADDITIONAL 300 CHILDREN. THE REMAINDER OF THE AGENCY'S EFFORTS WERE DIRECTED TOWARDS THE AGENCY'S CAR ASSISTANCE PROGRAM WHICH WAS ABLE TO RETURN TO SERVICE FOR A PORTION OF THE YEAR FOLLOWING COVID RESTRICTIONS BY SERVING JUST OVER 60 FAMILIES PROVIDING CAR SEATS TO PARENTS UNABLE TO PURCHASE A CAR SEAT FOR THEIR CHILD. EARLY LITERACY EFFORTS TO IMPROVE SCHOOL READINESS ACROSS THE COMMUNITY WERE COMPLETED IN PARTNERSHIP WITH 7 LOCAL LIBRARIES IN LUBBOCK COUNTY WITH PARTICIPATION BY OVER 4,700 PARENTS AND CHILDREN.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,046,009
Program Service Revenue $0
Investment Income $37,834
Other Revenue $0
TOTAL REVENUE $1,083,843

Expense Breakdown

Grants Paid $0
Salaries & Benefits $538,178
Fundraising Expenses $591
Program Expenses $919,601
Other Expenses $459,248
TOTAL EXPENSES $997,426

Year-over-Year Comparison

2024 2023 Change
Revenue $1,083,843 $949,839 +0.1%
Expenses $997,426 $866,613 +0.2%
Net Income $86,417 $83,226 +0.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
17
Independent Members
17
Employees
11
Volunteers
17

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
$90,000
Total Directors
17
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DR JAY ADKINS VICE PRESIDENT 2.00
Officer Director
$0 $0 $0
DR KATHLEEN NICHOLS DIRECTOR 2.00
Director
$0 $0 $0
RICK SCOTT DIRECTOR 2.00
Director
$0 $0 $0
TRACY MCALISTER SECRETARY 2.00
Officer Director
$0 $0 $0
WM BILL MURRAY CHAIRMAN 2.00
Director
$0 $0 $0
JON MARK BERNAL DIRECTOR 2.00
Director
$0 $0 $0
CHRISTINA REID DIRECTOR 2.00
Director
$0 $0 $0
ANDREW BECK DIRECTOR 2.00
Director
$0 $0 $0
JOSHUA MONTOYA TREASURER 2.00
Officer Director
$0 $0 $0
STACI ORTIZ DIRECTOR 2.00
Director
$0 $0 $0
CHELSEA SALAZAR PRESIDENT 2.00
Officer Director
$0 $0 $0
TAMMI WOOD DIRECTOR 2.00
Director
$0 $0 $0
NICK HAIGOOD DIRECTOR 2.00
Director
$0 $0 $0
DONNA CORBIN CHAIRMAN 2.00
Director
$0 $0 $0
TIM FOX DIRECTOR 2.00
Director
$0 $0 $0
MICHELLE HUNTER DIRECTOR 2.00
Director
$0 $0 $0
LESLIE KASCAL DIRECTOR 2.00
Director
$0 $0 $0
CARLA OLSON EXECUTIVE DIRECTOR 55.00
Officer
$90,000 $0 $90,000
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 $1,083,843 $997,426 $1,514,848 $86,417
2023 $949,839 $866,613 $1,425,112 $83,226
2022 $828,479 $746,481 $1,336,918 $81,998
2021 $810,445 $706,564 $1,257,675 $103,881
2020 $758,103 $650,044 $1,152,440 $108,059
2019 $788,197 $676,227 $1,041,311 $111,970
2018 $673,717 $577,652 $900,672 $96,065
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