Hereford Sportsplex Inc

Nonprofit profile at a glance

EIN
461472724
IRS 990 coverage
2013–2024
Forms available
Form 990 2024
Location
Hereford, TX, USA
Phone
8063638222
Rating
84
Verdict
STRONG
Rating confidence
Moderate
Sector
Human Service Organizations

Official website

Reported finances

Revenue
$828,063
Expenses
$941,546
Assets
$4,153,782
Liabilities
$382,360

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

10 people listed

People named in this filing

  • REGAN CAVINESS (CHAIR)
  • JIMMY LACKEY (TREASURER)
  • CRAIG WILFONG (DIRECTOR)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

It is the mission of hereford sports & wellness to provide wholesome sports programs, fitness opportunities, and other community-building activities for the citizens of hereford and the surrounding region. We are committed to offering our services to our youth, adults and senior citizens, as well as families from all cultures and walks of life. We want to cater to working families, single parents, large companies, small businesses, and other local and regional organizations. It is our goal to involve members of our community in sports and wellness programs that promote community-engagement and quality of life improvement for the citizens of hereford and our surrounding region.

What it reported doing in 2024

Hereford sportsplex, inc. Operates a regional multi-sport athletic facility and a fitness facility in hereford, Texas to promote physical activity, team sports and community spirit. The multi-sport facility known as the caviness sports complex, serves as a host facility in the Texas panhandle for competitive and recreational athletic programs and activities for all ages, which benefit the entire community by improving the quality of life of current residents, enchancing economic development, contributing to increased residential and commerical real estate values, generating substantial business and tourist activity through its operations. Students, seniors, youth and the community at large benefit from having access to this multi-sports athletic facility which is open to schools, clubs and recreational sports teams such as the boy scouts, girl scouts, special olympics, senior citizen groups, mothers of preschoolers groups, family groups, religious groups and many more, for a variety of events. In relation to its health and wellness purpose, hereford sportsplex also now operates the fitness facility known as the weldon knabe activities center, formerly operated by the hereford and vicinity ymca. The center offers memberships and day passes for all ages for use of the weight room, cardio equipment, whirlpool, spin bike room, dry sauna, and exercise room for a variety of group fitness classes including suspension training, kickboxing, aerobics, zumba, and many more.

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. Some filing-based governance responses are negative or unanswered and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 86
  • Transparency & Controls: 92
  • Accountability: 76
  • Sustainability: 45
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 90.1%; rating input score 90
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 3 of 7 controls in place; rating input score 43
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -13.7%; rating input score 13; 13th percentile among comparable filings
  • Total-asset coverage ratio: 4.41; rating input score 83; 83rd percentile among comparable filings
  • Liabilities to assets ratio: 0.09; rating input score 44; 44th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 81; 81st percentile among comparable filings

Growth

  • Program expense growth: 16% per year; rating input score 100; 77th percentile among comparable filings
  • Revenue growth: 0.9% per year; rating input score 100; 18th percentile among comparable filings
  • Asset growth: 5.8% per year; rating input score 100; 42nd percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 90.1% of spending went to programs
  • Governance: 10 of 10 board members independent · 3 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $848K in reported program spending
  • Leadership: top reported pay $0 · 10 people listed
  • Consistency: 27 of 27 current checks pass
  • Schedules: 4 filed schedules · includes major donors
  • Filing history: 11 filing years from 2013 to 2024
  • Contacts: How to reach this organization
  • Money network: Resolved incoming and outgoing counterparties from filed money flows.
  • 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.

  • Moderate — Accountability: Governance controls: 3 of 6 not reported.
  • High — Sustainability: Operating margin scored 13/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 44/100.