LIFE CHALLENGE OF AMARILLO INC

EIN: 751836322 501(c)(3)

AMARILLO, TX

Total Revenue
$650,750
Total Expenses
$800,485
Total Assets
$1,247,143
Net Assets
$1,237,166
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1980
Legal Domicile
TX
Principal Officer
DANIEL SPITLER
Phone
8063520385
Tax Period
2023-01-01 to 2023-12-31

LIFE CHALLENGE OF AMARILLO INC, founded in 1980, is a small nonprofit that reported $651K in total revenue in fiscal year 2023. Revenue fell 30% from the prior year — a significant decline worth monitoring. Expenses of $800K exceeded revenue, resulting in a 23% operating deficit.

Mission

TO PROVIDE A PROGRAM FOR THOSE WHO ARE HURTING WITH LIFE-CONTROLLING PROBLEMS. TO SUPPORT, CONDUCT, MAINTAIN, AND ENCOURAGE SELF-DESCIPLINE IN A CHRISTIAN ENVRIONMENT.

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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 (2023)

Revenue Breakdown

Contributions & Grants $342,256
Program Service Revenue $163,700
Investment Income $14,519
Other Revenue $130,275
TOTAL REVENUE $650,750

Expense Breakdown

Grants Paid $0
Salaries & Benefits $295,086
Fundraising Expenses $0
Program Expenses $713,630
Other Expenses $505,399
TOTAL EXPENSES $800,485

Year-over-Year Comparison

2023 2022 Change
Revenue $650,750 $927,122 -0.3%
Expenses $800,485 $708,530 +0.1%
Net Income $-149,735 $218,592 -1.7%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
13
Independent Members
11
Employees
16
Volunteers
6

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
$82,000
Total Directors
13
$82,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAVID RUSSELL PRESIDENT 0.00
Officer Director
$0 $0 $0
BRENT WOMBLE SECRETARY 0.00
Officer Director
$0 $0 $0
GARLAND SELL TREASURER 0.00
Officer Director
$0 $0 $0
JERRY DOWNS BOARD MEMBER 0.00
Director
$0 $0 $0
LONNIE FERRIL BOARD MEMBER 0.00
Director
$0 $0 $0
CORKY HOLLAND BOARD MEMBER 0.00
Director
$0 $0 $0
TY JONES BOARD MEMBER 0.00
Director
$0 $0 $0
BRET WOMBLE BOARD MEMBER 0.00
Director
$0 $0 $0
TRAVIS BENNETT BOARD MEMBER 0.00
Director
$0 $0 $0
CHRIS BRUCKNER BOARD MEMBER 0.00
Director
$0 $0 $0
PHIL CORBIN BOARD MEMBER 0.00
Director
$0 $0 $0
DANIEL SPITLER EXEC. DIRECTOR 70.00
Officer Director
$55,000 $0 $55,000
TRACY SPITLER DIRECTOR 50.00
Officer Director
$27,000 $0 $27,000
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 No data No data No data No data
2024 No data No data No data No data
2023 $650,750 $800,485 $1,247,143 $-149,735
2022 $927,122 $708,530 $1,418,377 $218,592
2021 $777,478 $606,858 $1,234,977 $170,620
2020 $660,756 $541,494 $1,094,315 $119,262
2019 $654,019 $529,763 $979,537 $124,256
2018 $655,254 $411,776 $839,359 $243,478
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