LEE BIVINS FOUNDATION (EIN 753009699) - Form 990 Financial Analysis & Trantor Score

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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

2002

Legal Domicile

Principal Officer

KATHARYN WIEGAND

Phone

8063799400

Tax Period

2023-10-01 to 2024-09-30

LEE BIVINS FOUNDATION, founded in 2002, is a micro nonprofit in the Housing & Shelter sector that reported $2.5M in total revenue in fiscal year 2023. Revenue fell 5081% from the prior year — a significant decline worth monitoring.

Mission

TO BUILD, ESTABLISH AND MAINTAIN IN THE CITY OF AMARILLO, TEXAS, OR IN THE VICINITY THEREOF, EITHER IN POTTER OR RANDALL COUNTIES, A HOME OR HOMES FOR WORTHY, AGED AND NEEDY PERSONS, AND TO OPERATE SUCH HOMES, EXPAND, BUILD OR REBUILD ANY SUCH HOMES AND TO DO EACH AND EVERYTHING WHATSOEVER NECESSARY, REQUISITE OR INCIDENT THERETO. PREFERENCE SHALL BE GIVEN IN ADMISSION TO SAID HOMES TO THOSE WHO HAVE LIVED AND PRACTICED THE CHRISTIAN RELIGION. THE PURPOSES STATED IN THIS SUBSECTION SHALL BE DEEMED THE PRIMARY PURPOSE OF THE CORPORATION AND THE MAINTENANCE AND OPERATION OF SAID HOMES SHALL AT ALL TIMES HAVE PREFERENCE IN THE USE OF INCOME AND/OR CORPUS OF PROPERTY BELONGING TO THE CORPORATION OR HELD IN TRUST FOR IT.

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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 $0

Program Service Revenue $7,644

Investment Income $-2,459,317

Other Revenue $100

TOTAL REVENUE $-2,451,573

Expense Breakdown

Grants Paid $0

Salaries & Benefits $108,155

Fundraising Expenses $0

Other Expenses $1,013,838

TOTAL EXPENSES $1,121,993

Year-over-Year Comparison

	2023	2022	Change
Revenue	$-2,451,573	$49,214	-50.8%
Expenses	$1,121,993	$1,383,308	-0.2%
Net Income	$-3,573,566	$-1,334,094	+1.7%

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

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

$485,096

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KATHARYN WIEGAND	PRESIDENT	20.00	Officer	$0	$52,498	$271,482
PAUL SNEED	CHIEF FIN OF	20.00	Officer	$0	$44,120	$213,614
STEVE URBAN MD	CHAIRMAN	1.00	Officer Director	$0	$0	$0
MARK BIVINS	VICE CHAIRMA	1.00	Officer Director	$0	$0	$0
PUFF NIEGOS	SECRETARY	1.00	Officer Director	$0	$0	$0
DR BUD JOYNER PHD	PAST BOARD C	1.00	Officer Director	$0	$0	$0
JULIE ATTEBURY	DIRECTOR	1.00	Director	$0	$0	$0
JULIE BIVINS	DIRECTOR	1.00	Director	$0	$0	$0
BARBIE JONES	DIRECTOR	1.00	Director	$0	$0	$0
PAUL MATNEY	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN MITCHELL	DIRECTOR	1.00	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	$-2,451,573	$1,121,993	$5,852,612	$-3,573,566
2023	$49,214	$1,383,308	$9,902,868	$-1,334,094
2022	$46,873	$1,393,300	$10,096,585	$-1,346,427
2021	$2,891,969	$6,274,948	$10,469,619	$-3,382,979
2020	$7,379,865	$10,369,566	$11,726,951	$-2,989,701
2019	$6,961,642	$10,140,406	$12,376,470	$-3,178,764
2018	$6,995,085	$9,772,811	$12,407,530	$-2,777,726

LEE BIVINS FOUNDATION