Panhandle Child Placement Services Inc

EIN: 752922513 501(c)(3)

Amarillo, TX

Total Revenue
$453,748
Total Expenses
$426,093
Total Assets
$100,863
Net Assets
$92,193
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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
2001
Legal Domicile
TX
Principal Officer
Direk T Milum
Phone
8063425550
Tax Period
2020-01-01 to 2020-12-31

Panhandle Child Placement Services Inc, founded in 2001, is a small nonprofit that reported $454K in total revenue in fiscal year 2020. Revenue decreased 16% compared to the prior year. Expenses of $426K left a modest 6% surplus.

Mission

Foster Care Placement Agency

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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 (2020)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $453,748
Investment Income $0
Other Revenue $0
TOTAL REVENUE $453,748

Expense Breakdown

Grants Paid $0
Salaries & Benefits $132,638
Fundraising Expenses $0
Program Expenses $244,545
Other Expenses $293,455
TOTAL EXPENSES $426,093

Year-over-Year Comparison

2020 2019 Change
Revenue $453,748 $542,107 -0.2%
Expenses $426,093 $512,922 -0.2%
Net Income $27,655 $29,185 -0.1%
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
4
Independent Members
4
Employees
4
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
0
$0
Total Directors
1
$61,500
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Direk T Milum Executive Director 040.00
Director Highest
$61,500 $0 $61,500
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
2020 $453,748 $426,093 $100,863 $27,655
2018 $650,542 $614,339 $81,050 $36,203
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