LAMAR GUMBO PALOOZA

EIN: 814622534 501(c)(3) Human Services

ROCKPORT, TX

Total Revenue
$54,068
Total Expenses
$23,399
Total Assets
$63,431
Net Assets
$51,663
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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
2016
Principal Officer
BETTY STILES
Phone
3617902955
Tax Period
2019-01-01 to 2019-12-31

LAMAR GUMBO PALOOZA, founded in 2016, is a micro nonprofit in the Human Services sector that reported $54K in total revenue in fiscal year 2019. The organization ran a surplus of $31K, a strong 57% operating margin.

Mission

THE PURPOSE OF LAMAR GUMBO PALOOZA IS TO SUPPORT THE LAMAR COMMUNITY AND SURROUNDING AREA IN THE ENDEAVORS TO PROMOTE EDUCATION, CONSERVATION AND IMPROVEMENTS OF PRESENT AND FUTURE GENERATIONS.THE LAMAR GUMBO PALOOZA PROVIDES EDUCATIONAL RESOURCES TO CHILDREN AND ADULTS, FUND-RAISING TO SUPPORT SPECIAL PROJECTS, AND OTHER ACTIVITIES WHICH CONTRIBUTE TO THE LAMAR COMMUNITY AND SURROUNDING AREA.

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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 (2019)

Revenue Breakdown

Contributions & Grants $14,904
Program Service Revenue $0
Investment Income $194
Other Revenue $38,970
TOTAL REVENUE $54,068

Expense Breakdown

Grants Paid $20,810
Salaries & Benefits $0
Fundraising Expenses $2,589
Program Expenses $20,810
Other Expenses $2,589
TOTAL EXPENSES $23,399

Year-over-Year Comparison

2019 2018 Change
Revenue $54,068 N/A N/A
Expenses $23,399 N/A N/A
Net Income $30,669 N/A 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
5
Employees
N/A
Volunteers
6

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
4
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TRACY GOODWIN PRESIDENT 10.00
Officer
$0 $0 $0
CHRISTINA SPEARS SECRETARY 2.00
Officer
$0 $0 $0
WM NORMAN SPEARS VICE-PRESIDE 2.00
Officer
$0 $0 $0
BETTY STILES TREASURER 4.00
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
2019 $54,068 $23,399 $63,431 $30,669
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