FLOYD COUNTY FRIENDS INC

EIN: 752593952 501(c)(3) Community Improvement

Lockney, TX

Total Revenue
$183,629
Total Expenses
$134,129
Total Assets
$1,272,323
Net Assets
$1,272,211
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1995
Legal Domicile
TX
Principal Officer
Shawnda Foster
Phone
8069837222
Tax Period
2023-01-01 to 2023-12-31

FLOYD COUNTY FRIENDS INC, founded in 1995, is a small nonprofit in the Community Improvement sector that reported $184K in total revenue in fiscal year 2023. The organization ran a surplus of $50K, a strong 27% operating margin.

Mission

Our Primary purpose is to operate and maintain a 38.000 square foot multi-purpose building to serve our 6,000 populated county. We are a community service organization

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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 $1,085
Program Service Revenue $182,140
Investment Income $330
Other Revenue $74
TOTAL REVENUE $183,629

Expense Breakdown

Grants Paid $0
Salaries & Benefits $12,566
Fundraising Expenses $0
Program Expenses $134,129
Other Expenses $121,563
TOTAL EXPENSES $134,129

Year-over-Year Comparison

2023 2022 Change
Revenue $183,629 $175,747 +0.0%
Expenses $134,129 $160,986 -0.2%
Net Income $49,500 $14,761 +2.4%
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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Governance

Voting Members
15
Independent Members
15
Employees
1
Volunteers
25

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
4
$0
Total Directors
19
$0
Key Employees
1
$11,896
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Sherry Hacker Key Employee 20
Key Emp
$11,896 $0 $11,896
Delinda Lucke Board Member 1
Director
$0 $0 $0
DarLee Foster Board Member 1
Director
$0 $0 $0
Jody Foster Board Member 1
Director
$0 $0 $0
Jerry and Darla Chappell Board Member 1
Director
$0 $0 $0
Chad and Katie Cook Board Members 1
Director
$0 $0 $0
Lindan and D'Lyn Morris Board Members 1
Director
$0 $0 $0
Martin and Robin Stoerner Board Members 1
Director
$0 $0 $0
Asa and Senee' Cole Board Members 1
Director
$0 $0 $0
Mark and Kristie Carroll Board Members 1
Director
$0 $0 $0
Marty Lucke President 5
Officer Director
$0 $0 $0
David Foster 1st Vice President 1
Officer Director
$0 $0 $0
Shawnda Foster Treasurer 5
Officer Director
$0 $0 $0
Kirby Nixon Secretary 5
Officer Director
$0 $0 $0
Justin and Segayle Blakely Board Member 1
Director
$0 $0 $0
Don and Christina Chesshir Board Member 1
Director
$0 $0 $0
Samantha Stanford Board Member 1
Director
$0 $0 $0
Natalie Snowden Board Member 1
Director
$0 $0 $0
Rhonda Guthrie Board Member 1
Director
$0 $0 $0
Sheryl Back Board Member 1
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 $183,629 $134,129 $1,272,323 $49,500
2022 $175,747 $160,986 $1,222,823 $14,761
2021 $192,388 $133,483 $1,208,059 $58,905
2020 $62,499 $67,217 $1,175,604 $-4,718
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