CENTER CITY OF AMARILLO INC

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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

1991

Legal Domicile

Principal Officer

BETH DUKE

Phone

8063726744

Tax Period

2023-10-01 to 2024-09-30

CENTER CITY OF AMARILLO INC, founded in 1991, is a small nonprofit in the Community Improvement sector that reported $307K in total revenue in fiscal year 2023. Revenue decreased 7% compared to the prior year. Expenses of $352K exceeded revenue, resulting in a 15% operating deficit.

Mission

CENTER CITY OF AMARILLO, INC., BRINGS PEOPLE TO DOWNTOWN AMARILLO THROUGH ORGANIZATION, EVENTS, PROMOTION, DESIGN AND FACILITATION OF ECONOMIC RESTRUCTURING.

Program Service Accomplishments

Program 1

Expenses: $278,684

CENTER CITY PROVIDES GRANTS TO REFURBISH BUILDING FACADES, ORGANIZES COMMUNITY SOCIAL EVENTS IN THE DOWNTOWN AREA, AND ENCOURAGES DOWNTOWN DEVELOPMENT. CURRENT DOWNTOWN EVENTS INCLUDE: THE CENTER...

CENTER CITY PROVIDES GRANTS TO REFURBISH BUILDING FACADES, ORGANIZES COMMUNITY SOCIAL EVENTS IN THE DOWNTOWN AREA, AND ENCOURAGES DOWNTOWN DEVELOPMENT. CURRENT DOWNTOWN EVENTS INCLUDE: THE CENTER CITY MURAL RUN; THE ELECTRIC LIGHT PARADE IN EARLY DECEMBER; HIGH NOON ON THE SQUARE DURING JUNE AND JULY WHICH IS A FREE CONCERT WITH LUNCH ON THE LAWN OF THE HISTORIC POTTER COUNTY COURTHOUSE; JAZZTOBER WHICH IS A FREE JAZZ CONCERT IN OCTOBER ON THE LAWN OF THE HISTORIC BIVINS HOME.

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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 (2023)

Revenue Breakdown

Contributions & Grants $309,478

Program Service Revenue $0

Investment Income $16,475

Other Revenue $-18,685

TOTAL REVENUE $307,268

Expense Breakdown

Grants Paid $70,579

Salaries & Benefits $191,435

Fundraising Expenses $25,030

Program Expenses $278,684

Other Expenses $89,892

TOTAL EXPENSES $351,906

Year-over-Year Comparison

	2023	2022	Change
Revenue	$307,268	$331,215	-0.1%
Expenses	$351,906	$355,251	0.0%
Net Income	$-44,638	$-24,036	+0.9%

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

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

$126,750

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BETH DUKE	EXECUTIVE DI	40.00	Officer	$126,750	$0	$126,750
D'ANN ALLEN	DIRECTOR	1.00	Director	$0	$0	$0
DUSTY BARRICK	EX-OFFICIO	1.00	Director	$0	$0	$0
LOGAN BARTLETT	PRESIDENT	2.00	Officer Director	$0	$0	$0
CAL BRANNON	EX-OFFICIO	1.00	Director	$0	$0	$0
CINDY CUNNINGHAM	PRESIDENT EL	2.00	Officer Director	$0	$0	$0
ALLISON DAVIS	EX-OFFICIO	1.00	Director	$0	$0	$0
ED DOWDY	DIRECTOR	1.00	Director	$0	$0	$0
MARJORIE HAGAN ELLIS	DIRECTOR	1.00	Director	$0	$0	$0
JEFF GAUT	DIRECTOR	1.00	Director	$0	$0	$0
ERNESTO GUZMAN	DIRECTOR	1.00	Director	$0	$0	$0
ANDREW HALL	EX-OFFICIO	1.00	Director	$0	$0	$0
JULIE IMKE	EX-OFFICIO	1.00	Director	$0	$0	$0
STEPHANIE JAMES	DIRECTOR	1.00	Director	$0	$0	$0
BRADEN BLACK JR	DIRECTOR	1.00	Director	$0	$0	$0
BRENDA GRAHAM MARTIN	EX-OFFICIO	1.00	Director	$0	$0	$0
KATT MASSEY	DIRECTOR	1.00	Director	$0	$0	$0
MATT MATHIAS	EX-OFFICIO	2.00	Director	$0	$0	$0
MINDI MCLAIN	DIRECTOR	1.00	Director	$0	$0	$0
HAN OWENS	DIRECTOR	1.00	Director	$0	$0	$0
RILEY SHANKLE	SECRETARY	2.00	Officer Director	$0	$0	$0
RANDY SHARP	DIRECTOR	1.00	Director	$0	$0	$0
SANDY TAYLOR	DIRECTOR	1.00	Director	$0	$0	$0
TONYA TYLER	DIRECTOR	1.00	Director	$0	$0	$0
LINDA VAUGHN	DIRECTOR	1.00	Director	$0	$0	$0
TOL WARE	DIRECTOR	1.00	Director	$0	$0	$0
BEN WHITTENBURG	EX-OFFICIO	1.00	Director	$0	$0	$0
BELYNDA WILLIAMS	TREASURER	2.00	Officer 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	$307,268	$351,906	$558,699	$-44,638
2023	$331,215	$355,251	$480,022	$-24,036
2022	$310,225	$322,069	$483,397	$-11,844
2021	$319,598	$295,105	$459,933	$24,493
2020	$273,299	$284,750	$478,154	$-11,451
2019	$313,719	$293,641	$499,875	$20,078
2018	$348,610	$359,339	$504,025	$-10,729