LUBBOCK COMPACT FOUNDATION

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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

2020

Legal Domicile

Principal Officer

Joshua Shankles

Phone

8062529739

Tax Period

2023-01-01 to 2023-12-31

LUBBOCK COMPACT FOUNDATION, founded in 2020, is a small nonprofit in the Community Improvement sector that reported $487K in total revenue in fiscal year 2023. The organization ran a surplus of $475K, a strong 98% operating margin.

Mission

Our mission is to empower the Lubbock community through citizen education, civic engagement, and public policy research and advocacy. We envision a fair, equitable, and civically engaged Lubbock community.

Program Service Accomplishments

Program 1

Expenses: $1,350 Revenue: $0

Voter Access Network- Needed for community engagement, build voter lists, and track voter contacts

Program 2

Expenses: $1,140 Revenue: $0

Zoom Subscription- Necessary for the rebroadcasting of organizations live show, conducting virtual meetings with stakeholders, clients, and partners.

Program 3

Expenses: $928 Revenue: $0

Organization Laptop- Needed for the Project Manager overseeing programs to complete deliverables related to the project.

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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 $487,431

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $487,431

Expense Breakdown

Grants Paid $0

Salaries & Benefits $8,528

Fundraising Expenses $0

Program Expenses $11,946

Other Expenses $3,418

TOTAL EXPENSES $11,946

Year-over-Year Comparison

	2023	2022	Change
Revenue	$487,431	$487,431	N/A
Expenses	$11,946	$23,956	-0.5%
Net Income	$475,485	$463,475	+0.0%

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

N/A

Employees

N/A

Volunteers

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

$8,528

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Joshua Shankles	President	20	Officer	$4,264	$0	$4,264
Adam Hernandez	Communications Chair	20	Officer	$4,264	$0	$4,264
Perla Sosa	Director	10	Officer Director	$0	$0	$0
Morgan Kirkpatrick	Development Chair	20	Director	$0	$0	$0
Cannon Roberts	Board Member	15	Director	$0	$0	$0
Emily Hopson	At Large Board Member	10	Director	$0	$0	$0
James McKay	At Large Board Member	10	Director	$0	$0	$0
Andrew Lisenby	At Large Board Member	10	Director	$0	$0	$0
Kim Gonzalez	Secretary	20	Officer	$0	$0	$0
Robert Baxter	Treasurer	10	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	$487,431	$11,946	$476,981	$475,485