Skillful Living Center Inc

EIN: 752702917 501(c)(3) Crime & Legal

Desoto, TX

Total Revenue
$300,351
Total Expenses
$308,903
Total Assets
$71,712
Net Assets
$26,048
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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
1997
Legal Domicile
TX
Principal Officer
HELEN E WILBORN
Phone
2148763050
Tax Period
2023-10-01 to 2024-09-30

Skillful Living Center Inc, founded in 1997, is a small nonprofit in the Crime & Legal sector that reported $300K in total revenue in fiscal year 2023. Revenue grew 20% year-over-year, indicating healthy expansion.

Mission

Our mission is to develop and implement quality mental health services and counseling programs that strengthen families with positive values

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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 $300,351
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $300,351

Expense Breakdown

Grants Paid $0
Salaries & Benefits $191,261
Fundraising Expenses $0
Program Expenses $267,552
Other Expenses $117,642
TOTAL EXPENSES $308,903

Year-over-Year Comparison

2023 2022 Change
Revenue $300,351 $250,410 +0.2%
Expenses $308,903 $250,319 +0.2%
Net Income $-8,552 $91 -95.0%
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
3
Independent Members
3
Employees
2
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
2
$99,400
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JEAN G FRAZIER Chairperson 4.000
Director
$0 $0 $0
JOHN DONALDSON Board Secretary 4.000
Director
$0 $0 $0
ALLEN LOCKHART Board Treasurer 4.000
Director
$0 $0 $0
HELEN E WILBORN Chief Executive Office 40.00
Officer
$85,000 $0 $85,000
LADELL WALLACE Chief Financial Office 5.000
Officer
$14,400 $0 $14,400
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 $300,351 $308,903 $71,712 $-8,552
2022 $250,562 $250,976 $65,230 $-414
2021 $250,646 $253,005 $60,505 $-2,359
2020 $250,636 $251,801 $81,190 $-1,165
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