Lchd Foundation
Nonprofit profile at a glance
- EIN
- 832045631
- IRS 990 coverage
- 2018–2024
- Forms available
- Form 990 2024
- Location
- Tahoka, TX, USA
- Phone
- 8069984533
- Rating
- 74
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Single Organization Support
Reported finances
- Revenue
- $129,618
- Expenses
- $128,203
- Assets
- $1,452,364
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
11 people listed
Executive titles in this filing
- SETH MANLY (EXECUTIVE DIRECTOR)
Highest reported compensation
- SETH MANLY (EXECUTIVE DIRECTOR): $213,525 total reported compensation
- CONNIE DONALD (DIRECTOR): $95,971 total reported compensation
- JAKE MCMILLIN (SECRETARY): $89,521 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To operate exclusively for the support and benefit of, to be responsive to the needs of, to perform one or more of the functions of, and to assist in carrying out the purposes of lynn county hopsital district ("lchd") and by carrying out any other activity which supports, is responsive to, or assists the needs of the sick, injured, afflicted, infirmed or disabled.
What it reported doing in 2024
To promote and carry on educational activities related to rendering care to the sick and injured or the promotion of health education of the general public which may be justified by the availablity of lchd facilities, personnel or funds; to assist and raise funding for additional construction and furnishings of lchd; to participate, to the extent that circumstance may warrant, in any activity designed to carry on and promote the general health of the community; and, to assist lchd in expanding its operations to meet the needs of the community.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Grant intermediary. The nonprofit sent 65% of its reported program spending out as grants.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and program spending has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 88
- Transparency & Controls: 65
- Accountability: 79
- Sustainability: 56
- Growth: 20
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 99.2%; rating input score 99
- Program expense ratio: 100%; rating input score 100
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 92.3%; rating input score 92; 22nd percentile among comparable filings
- Pay-setting controls: 0 of 6 controls in place; rating input score 0
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Missing
- Foreign activity oversight: Limited
- Grant itemization coverage: 84.5%; rating input score 85; 50th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 80%; rating input score 80; 21st percentile among comparable filings
- Governance controls: 7 of 9 controls in place; rating input score 78
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Fail
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 1.1%; rating input score 42; 42nd percentile among comparable filings
- Total-asset coverage ratio: 11.33; rating input score 91; 91st percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 80; 80th percentile among comparable filings
- Officer compensation ratio: 54.5%; rating input score 3; 3rd percentile among comparable filings
Growth
- Program expense growth: -11.3% per year; rating input score 0; 10th percentile among comparable filings
- Revenue growth: -3.6% per year; rating input score 0; 13th percentile among comparable filings
- Asset growth: 32% per year; rating input score 100; 92nd percentile among comparable filings
Details
- Where the money goes: 99.2% of revenue deployed · 100% of spending went to programs
- Governance: 8 of 10 board members independent · 7 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $128K in reported program spending
- Leadership: top reported pay $214K · 11 people listed · 0 of 6 pay-setting controls reported
- Consistency: 19 of 20 current checks pass · 1 finding to review
- Schedules: 9 filed schedules · includes major donors, grants, and executive pay
- Filing history: 7 filing years from 2018 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Related organizations: 2 filed related-organization links
- 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 — Transparency & Controls: Pay-setting controls scored 0/100.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- Review — Accountability: Governance controls: 2 of 9 not reported.
- Moderate — Sustainability: Operating margin scored 42/100.
- Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
- High — Sustainability: Officer compensation ratio scored 3/100.