Sherman Service League

EIN: 756020714 501(c)(3) Community Improvement

SHERMAN, TX

Total Revenue
$15,985
Total Expenses
$17,941
Total Assets
$77,164
Net Assets
$77,164
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1955
Legal Domicile
TX
Principal Officer
Amber Dobbs
Tax Period
2022-06-01 to 2023-05-31

Sherman Service League, founded in 1955, is a micro nonprofit in the Community Improvement sector that reported $16K in total revenue in fiscal year 2022. Revenue surged 56% from the prior year, signaling strong growth momentum. Expenses of $18K exceeded revenue, resulting in a 12% operating deficit.

Mission

To Foster interest among member in social economic educational cultural and civil conditions in community and encourage effective volunteering of members

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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 (2022)

Revenue Breakdown

Contributions & Grants $2,820
Program Service Revenue $2,500
Investment Income $0
Other Revenue $10,665
TOTAL REVENUE $15,985

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $2,411
Other Expenses $17,941
TOTAL EXPENSES $17,941

Year-over-Year Comparison

2022 2021 Change
Revenue $15,985 $10,242 +0.6%
Expenses $17,941 $8,739 +1.1%
Net Income $-1,956 $1,503 -2.3%
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
9
Independent Members
9
Employees
N/A
Volunteers
100

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
9
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Teri Fine 2nd Vice Pres 1
Officer
$0 $0 $0
Amber Dobbs President 1
Officer
$0 $0 $0
Loren Hervey 1st Vice Pres 1
Officer
$0 $0 $0
April Daniel Rec Secretary 1
Officer
$0 $0 $0
Sarah Myrick Treasurer 1
Officer
$0 $0 $0
Jenn Woody Treas Elect 1
Officer
$0 $0 $0
Kathy Scheibme Corresp Sec 1
Officer
$0 $0 $0
Stefane Carpen Jr/Sr Director 1
Officer
$0 $0 $0
Verna Morneau Finley Chair 1
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 $15,985 $17,941 $77,164 $-1,956
2022 $10,242 $8,739 $79,120 $1,503
2021 $87,750 $83,481 $77,617 $4,269
2020 $31,594 $41,701 $72,088 $-10,107
2019 $126,689 $126,745 $82,195 $-56
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