SCIENCE SPECTRUM INC

EIN: 752184555 501(c)(3) Arts, Culture & Humanities

LUBBOCK, TX

Total Revenue
$3,233,376
Total Expenses
$2,828,806
Total Assets
$20,078,715
Net Assets
$19,919,063
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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
1987
Legal Domicile
TX
Principal Officer
CASSANDRA HENRY
Phone
8067452525
Tax Period
2023-01-01 to 2023-12-31

SCIENCE SPECTRUM INC, founded in 1987, is a community nonprofit in the Arts, Culture & Humanities sector that reported $3.2M in total revenue in fiscal year 2023. Revenue surged 23% from the prior year, signaling strong growth momentum. Expenses of $2.8M left a modest 13% surplus.

Mission

Science and Technology Museum

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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 $1,146,231
Program Service Revenue $1,101,523
Investment Income $165,512
Other Revenue $820,110
TOTAL REVENUE $3,233,376

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,177,427
Fundraising Expenses $0
Program Expenses $2,497,771
Other Expenses $1,651,379
TOTAL EXPENSES $2,828,806

Year-over-Year Comparison

2023 2022 Change
Revenue $3,233,376 $2,637,225 +0.2%
Expenses $2,828,806 $2,470,950 +0.1%
Net Income $404,570 $166,275 +1.4%
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
18
Independent Members
18
Employees
12
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
3
$110,006
Total Directors
18
$110,006
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Cassandra Henry President 050.00
Officer Director Highest
$110,006 $0 $110,006
Christina Belle Henry Director 001.00
Director
$0 $0 $0
Scott Cherry Director 001.00
Director
$0 $0 $0
Sally Cummings Secretary 001.00
Officer Director
$0 $0 $0
Kathy Rollo Director 001.00
Director
$0 $0 $0
Robert Granfeldt Director 001.00
Director
$0 $0 $0
Joe McKay Director 001.00
Director
$0 $0 $0
Marie Meyer Director 001.00
Director
$0 $0 $0
Bill Miller Director 001.00
Director
$0 $0 $0
Brad Moran Director 001.00
Director
$0 $0 $0
Nancy Neal Director 001.00
Director
$0 $0 $0
Michelle Pantoya Director 001.00
Director
$0 $0 $0
Kyle Wargo Treasurer 001.00
Officer Director
$0 $0 $0
Alan Henry Director 001.00
Director
$0 $0 $0
Mike Baker Director 001.00
Director
$0 $0 $0
Terri Byrne Director 001.00
Director
$0 $0 $0
Lloyd Whetzel Director 001.00
Director
$0 $0 $0
Emily Wilkinson Director 001.00
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
2024 No data No data No data No data
2023 $3,233,376 $2,828,806 $20,078,715 $404,570
2022 $2,637,225 $2,470,950 $19,346,098 $166,275
2021 $5,130,788 $2,188,877 $19,164,011 $2,941,911
2020 $1,576,880 $2,139,129 $16,170,410 $-562,249
2019 $2,540,675 $2,194,650 $17,315,193 $346,025
2018 $2,076,175 $2,053,252 $17,383,280 $22,923
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