GRAY COUNTY LATCHKEY INC (EIN 752061667) - 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

1985

Legal Domicile

Principal Officer

CECILIA KENNEDY

Phone

8066698015

Tax Period

2022-06-01 to 2023-05-31

GRAY COUNTY LATCHKEY INC, founded in 1985, is a small nonprofit in the Human Services sector that reported $266K in total revenue in fiscal year 2022. Revenue surged 54% from the prior year, signaling strong growth momentum. Expenses of $234K left a modest 12% surplus.

Mission

TO PROVIDE AFFORDABLE AFTERSCHOOL CARE TO CHILDREN IN KINDERGARTEN THROUGH FIFTH GRADE IN PAMPA, TEXAS, WHOSE PARENTS ARE EITHER FULL-TIME WORKERS OR FULL-TIME STUDENTS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $182,110

Program Service Revenue $83,281

Investment Income $195

Other Revenue $301

TOTAL REVENUE $265,887

Expense Breakdown

Grants Paid $0

Salaries & Benefits $162,936

Fundraising Expenses $1,471

Program Expenses $232,309

Other Expenses $70,973

TOTAL EXPENSES $233,909

Year-over-Year Comparison

	2022	2021	Change
Revenue	$265,887	$173,143	+0.5%
Expenses	$233,909	$106,911	+1.2%
Net Income	$31,978	$66,232	-0.5%

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

$30,471

Total Directors

$30,471

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CECILIA KENNEDY	EXEC DIRECTO	20.00	Officer Director	$30,471	$0	$30,471
CARA WATERSON	PRESIDENT	3.00	Officer Director	$0	$0	$0
ANGIE SUMMERS	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
GINA ROGERS	SECRETARY	1.00	Officer Director	$0	$0	$0
JENNIFER MANLEY	TREASURER	1.00	Officer Director	$0	$0	$0
JOANNE SORIA	BOARD MEMBER	1.00	Director	$0	$0	$0
CHELSEA GOODWIN	BOARD MEMBER	1.00	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
2023	$265,887	$233,909	$137,670	$31,978

GRAY COUNTY LATCHKEY INC