DECOURSEY PROPERTIES (EIN 842054790) - 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

2019

Legal Domicile

Principal Officer

KERALEE CLAY

Phone

8063764521

Tax Period

2023-01-01 to 2023-12-31

DECOURSEY PROPERTIES, founded in 2019, is a small nonprofit in the Community Improvement sector that reported $166K in total revenue in fiscal year 2023. Revenue fell 96% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $51K, a strong 31% operating margin.

Mission

A SUPPORTING ORGANIZATION OF THE AMARILLO AREA FOUNDATION, INC. (AAF) TO 1)ACQUIRE AND RENOVATE REAL PROPERTY THAT WILL BE USED TO HOUSE THE OFFICES AND STAFF OF AAF, AND ALSO THE OPERATIONS OF AAF'S NONPROFIT SERVICE CENTER AND 2)SERVE AS THE RECIPIENT OF CHARITABLE GIFTS OF REAL PROPERTY.

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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 $166,306

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $166,306

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $7,517

Program Expenses $69,751

Other Expenses $115,090

TOTAL EXPENSES $115,090

Year-over-Year Comparison

	2023	2022	Change
Revenue	$166,306	$4,231,028	-1.0%
Expenses	$115,090	$141,696	-0.2%
Net Income	$51,216	$4,089,332	-1.0%

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

$631,230

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DYKE ROGERS	CHAIR	1.00	Officer Director	$0	$0	$0
MARK BIVINS	VICE CHAIR	1.00	Officer Director	$0	$0	$0
BOWDEN JONES	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
VANESSA BUZZARD	DIRECTOR	1.00	Director	$0	$0	$0
TREVOR CAVINESS	DIRECTOR	1.00	Director	$0	$0	$0
CHERI DE JONG	DIRECTOR	1.00	Director	$0	$0	$0
LORI HENKE	DIRECTOR	1.00	Director	$0	$0	$0
MIKE HUGHES	DIRECTOR	1.00	Director	$0	$0	$0
DAVID PRESCOTT	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD WARE II	DIRECTOR	1.00	Director	$0	$0	$0
CLAY STRIBLING	PRESIDENT & CEO	1.00	Officer	$0	$47,205	$293,534
DAVID HURTT	ASSISTANT SECRETARY	1.00	Officer	$0	$33,744	$163,447
KERALEE CLAY	INTERIM CEO	1.00	Officer	$0	$29,043	$174,249
LARA ESCOBAR	VP OF COMMUNITY INVESTMENT	1.00	Highest	$0	$13,966	$132,584
MELANIE SMOOT	VP OF DEVELOPMENT	1.00	Highest	$0	$22,819	$145,132

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	No data	No data	No data	No data
2023	$166,306	$115,090	$11,354,590	$51,216
2022	$4,231,028	$141,696	$11,929,880	$4,089,332
2021	$6,250,317	$1,565,501	$7,188,504	$4,684,816
2020	$1,314,433	$23,921	$2,503,688	$1,290,512
2019	$1,250,000	$36,824	$1,215,624	$1,213,176

DECOURSEY PROPERTIES