Owners Manual For Life Inc

EIN: 752681707 501(c)(3)

Sherman, TX

Total Revenue
$1,168
Total Expenses
$2,700
Total Assets
N/A
Net Assets
N/A
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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
1996
Legal Domicile
TX
Principal Officer
KENT HUGHLETT
Phone
9727438390
Tax Period
2023-01-01 to 2023-12-31

Owners Manual For Life Inc, founded in 1996, is a micro nonprofit that reported $1K in total revenue in fiscal year 2023. Expenses of $3K exceeded revenue, resulting in a 131% operating deficit.

Mission

DISTRIBUTION OF NEW TESTAMENT BIBLES TO AUTOMOBILE DEALERSHIPS TO PLACE IN GLOVE BOX OF AUTOS AT NO CHARGE TO THE AUTO PURCHASER.

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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 $0
Program Service Revenue $0
Investment Income $0
Other Revenue $1,168
TOTAL REVENUE $1,168

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $2,700
TOTAL EXPENSES $2,700

Year-over-Year Comparison

2023 2022 Change
Revenue $1,168 $1,168 N/A
Expenses $2,700 $2,700 N/A
Net Income $-1,532 $-1,532 N/A
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
5
Independent Members
N/A
Employees
N/A
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
$0
Total Directors
2
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Karla Hughlett Member 0.00
Director
$0 $0 $0
John Sild Manager 0.00
Director
$0 $0 $0
KENT HUGHLETT President 0.00
Officer
$0 $0 $0
DR HANK GIBSON Dir-Commun 0.00
Officer
$0 $0 $0
JOHN POWELL Sec/Treas 0.00
Officer
$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 $1,168 $2,700 No data $-1,532
2022 $72,228 $11,785 $61,647 $60,443
2021 $19,461 $19,929 $347,905 $-468
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