NEW LEGACY HOME FOR WOMEN

EIN: 832297130 501(c)(3) Human Services

LUBBOCK, TX

Total Revenue
$379,357
Total Expenses
$624,745
Total Assets
$2,245,562
Net Assets
$2,241,334
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2018
Legal Domicile
TX
Principal Officer
HEATH WATTS
Phone
8067933336
Tax Period
2023-09-01 to 2024-08-31

NEW LEGACY HOME FOR WOMEN, founded in 2018, is a small nonprofit in the Human Services sector that reported $379K in total revenue in fiscal year 2023. Revenue fell 41% from the prior year — a significant decline worth monitoring. Expenses of $625K exceeded revenue, resulting in a 65% operating deficit.

Mission

PROVIDE OPPORTUNITIES FOR WOMEN TO WRITE A NEW LIFE STORY, DISCOVER THEIR DESTINY IN GOD, AND RADICALLY CHANGE THEIR LEGACY THEY LEAVE FOR FUTURE GENERATIONS.

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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 $309,944
Program Service Revenue $12,100
Investment Income $1
Other Revenue $57,312
TOTAL REVENUE $379,357

Expense Breakdown

Grants Paid $0
Salaries & Benefits $297,591
Fundraising Expenses $0
Program Expenses $562,951
Other Expenses $327,154
TOTAL EXPENSES $624,745

Year-over-Year Comparison

2023 2022 Change
Revenue $379,357 $645,430 -0.4%
Expenses $624,745 $637,478 0.0%
Net Income $-245,388 $7,952 -31.9%
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
10
Independent Members
10
Employees
7
Volunteers
150

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
$68,714
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JACKIE WHITE PRESIDENT 4.00
Officer Director
$0 $0 $0
JANTZEN LOUDER MEMBER 4.00
Director
$0 $0 $0
ROBERT RENTERIA MEMBER 1.00
Director
$0 $0 $0
HEATH WATTS MEMBER 1.00
Director
$0 $0 $0
JOSH ALLEN MEMBER 1.00
Director
$0 $0 $0
KEVIN MEEKS MEMBER 1.00
Director
$0 $0 $0
RONN GARCIA MEMBER 1.00
Director
$0 $0 $0
DEKE HARGROVE MEMBER 1.00
Director
$0 $0 $0
JOE HURST MEMBER 1.00
Director
$0 $0 $0
SCOTT BEARD MEMBER 1.00
Director
$0 $0 $0
TODD LANE MEMBER 1.00
Director
$0 $0 $0
SCOTT HICKS MEMBER 1.00
Director
$0 $0 $0
EARL HARALSON MEMBER 1.00
Director
$0 $0 $0
JANTZEN LOUDER VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
PAIGE ALLEN SECRETARY/TREASURER 1.00
Officer Director
$0 $0 $0
SHANNA HARGRAVE EXECUTIVE DIRECTOR 40.00
Officer
$0 $0 $68,714
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 $379,357 $624,745 $2,245,562 $-245,388
2023 $645,430 $637,478 $2,497,886 $7,952
2022 $574,524 $482,608 $2,480,327 $91,916
2021 $629,034 $403,149 $2,388,727 $225,885
2020 $385,090 $387,760 $2,162,266 $-2,670
2019 $383,443 $350,412 $2,163,885 $33,031
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