Gray County Latchkey Inc
Nonprofit profile at a glance
- EIN
- 752061667
- IRS 990-EZ coverage
- 2014–2024
- Forms available
- Form 990 2022, Form 990-EZ 2024, Form 990-N 2013
- Location
- Pampa, TX, USA
- Phone
- 8066698015
- Rating
- 96
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Child Day Care
Reported finances
- Revenue
- $116,650
- Expenses
- $133,885
- Assets
- $70,233
- Liabilities
- $3,469
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
10 people listed
Executive titles in this filing
- ANGIE SUMMERS (PRESIDENT)
People named in this filing
- CECILIA KENNEDY (EXEC DIRECTO)
- ANGIE SUMMERS (PRESIDENT)
- JOANNE SORIA (VICE PRESIDE)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To provide affordable afterschool care to children in kindergarten through fifth grade in pampa, Texas, whose parents are either full-time workers or full-time students.
What it reported doing in 2024
Providing affordable afterschool care for children at each elementary school in the pampa isd school system.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 100
- Transparency & Controls: 100
- Sustainability: 22
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 99.2%; rating input score 99
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: -14.8%; rating input score 11; 11th percentile among comparable filings
- Total-asset coverage ratio: 0.52; rating input score 39; 39th percentile among comparable filings
- Liabilities to assets ratio: 0.05; rating input score 30; 30th percentile among comparable filings
- Officer compensation ratio: 23.3%; rating input score 14; 14th percentile among comparable filings
Growth
- Program expense growth: 10.8% per year; rating input score 100; 63rd percentile among comparable filings
- Revenue growth: 9% per year; rating input score 100; 64th percentile among comparable filings
- Asset growth: 17.6% per year; rating input score 100; 77th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 99.2% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $133K in reported program spending
- Leadership: top reported pay $0 · 10 people listed
- Consistency: 7 of 7 current checks pass
- Schedules: 3 filed schedules
- Filing history: 9 filing years from 2014 to 2024
- Contacts: How to reach this organization
- Money network: 2 filed money-flow records
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Sustainability: Operating margin scored 11/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 39/100.
- High — Sustainability: Officer compensation ratio scored 14/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 30/100.