INHERITANCE ADOPTIONS

EIN: 752433316 501(c)(3) Crime & Legal

WICHITA FALLS, TX

Total Revenue
$304,960
Total Expenses
$264,328
Total Assets
$565,672
Net Assets
$559,562
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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
1992
Legal Domicile
TX
Principal Officer
LESLIE HOWARD
Phone
9403223678
Tax Period
2023-10-01 to 2024-09-30

INHERITANCE ADOPTIONS, founded in 1992, is a small nonprofit in the Crime & Legal sector that reported $305K in total revenue in fiscal year 2023. Expenses of $264K left a modest 13% surplus.

Mission

THE ORGANIZATION PROVIDES AN ALTERNATIVE TO ABORTION BY PLACING CHILDREN IN SAFE, STABLE AND LOVING ADOPTIVE HOMES; PROVIDES 24 HOUR CALL SERVICES AND COUNSELING TO WOMEN REGARDING PREGNANCY, PRENATAL CARE, AND PARENTING; PROVIDES SERVICES TO MOTHERS WHO WISH TO RAISE.

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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 $232,953
Program Service Revenue $61,550
Investment Income $10,457
Other Revenue $0
TOTAL REVENUE $304,960

Expense Breakdown

Grants Paid $42,815
Salaries & Benefits $173,599
Fundraising Expenses $30,190
Program Expenses $155,739
Other Expenses $47,914
TOTAL EXPENSES $264,328

Year-over-Year Comparison

2023 2022 Change
Revenue $304,960 $308,098 0.0%
Expenses $264,328 $247,438 +0.1%
Net Income $40,632 $60,660 -0.3%
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
8
Independent Members
8
Employees
4
Volunteers
1

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
$87,313
Total Directors
9
$87,313
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LESLIE HOWARD EXECUTIVE DIRECTOR 1.00
Officer Director
$78,492 $8,821 $87,313
WILL CLARK PRESIDENT 0.00
Officer Director
$0 $0 $0
TERI CARNES VICE PRESIDENT 0.00
Officer Director
$0 $0 $0
MIRANDA HARVEY TREASURER 0.00
Officer Director
$0 $0 $0
CARRIE TAYLOR SECRETARY 0.00
Officer Director
$0 $0 $0
AMANDA HANSEN DIRECTOR 0.00
Director
$0 $0 $0
CARRIE BLOOM DIRECTOR 0.00
Director
$0 $0 $0
MARY BRASHER DIRECTOR 0.00
Director
$0 $0 $0
STEVE COOKINGHAM 0.00
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 $304,960 $264,328 $565,672 $40,632
2023 $308,098 $247,438 $496,016 $60,660
2022 $250,057 $209,348 $434,362 $40,709
2021 $257,308 $218,323 $392,970 $38,985
2020 $259,151 $237,263 $354,844 $21,888
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