Texas Panhandle Regional Development Corporation
Nonprofit profile at a glance
- EIN
- 751834030
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024, Form 990-EZ 2009
- Location
- Amarillo, TX, USA
- Phone
- 8063796411
- Rating
- 65
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
Reported finances
- Revenue
- $324,880
- Expenses
- $198,116
- Assets
- $3,018,233
- Liabilities
- $310,013
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
10 people listed
Executive titles in this filing
- DEVIN SAVAGE (PRESIDENT)
People named in this filing
- DOUG NELSON (ADMIN DIRECT)
- DEVIN SAVAGE (PRESIDENT)
- JONATHAN TRAVES (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. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
This corporation is organized for the primary purpose and objective of furthering the economic development and social welfare of the state of Texas, with a primary focus on armstrong, briscoe, carson, castro, childress, collingsworth, dallam, deaf smith, donley, gray, hall, hansford, hartley, hemphill, hutchinson, lipscomb, moore, ochiltree, oldham, parmer, potter, randall, roberts, sherman, swisher, and wheeler counties, and their environs by promoting and assisting the growth and development of business concerns, including small business concerns, in such area. The principal objectives of the corporation shall be to benefit the community by fostering the increased employment opportunities and expansion of business and industry for the citizens of the area. Monetary profits or other benefits to members must be merely incidental thereto. The financial program, except those permitted under title v of the small business corporation, shall not participate in any other sba.
What it reported doing in 2024
The primary purpose and objective of the corporation is to further the economic development and social welfare of the state of Texas with a primary focus on the 26 counties of the Texas panhandle.
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
SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 40
- Transparency & Controls: 90
- Accountability: 76
- Sustainability: 79
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 27.2%; rating input score 27
- Program expense ratio: 75.1%; rating input score 75
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- 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: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 39%; rating input score 87; 87th percentile among comparable filings
- Total-asset coverage ratio: 15.23; rating input score 93; 93rd percentile among comparable filings
- Liabilities to assets ratio: 0.1; rating input score 26; 26th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 69; 69th percentile among comparable filings
Growth
- Program expense growth: 1.9% per year; rating input score 100; 39th percentile among comparable filings
- Revenue growth: -0.4% per year; rating input score 0; 22nd percentile among comparable filings
- Asset growth: 5.5% per year; rating input score 100; 49th percentile among comparable filings
Details
- Where the money goes: 27.2% of revenue deployed · 75.1% of spending went to programs
- Governance: 9 of 9 board members independent · 3 of 7 filing controls reported
- Programs: 1 filed program accomplishment · $149K in reported program spending
- Leadership: top reported pay $0 · 10 people listed
- Highest-paid contractors: 1 contractor listed · $198K reported
- Consistency: 25 of 25 current checks pass
- Schedules: 2 filed schedules
- Filing history: 15 filing years from 2010 to 2024
- Contacts: How to reach this organization
- 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 — Financial Efficiency: Mission deployment rate scored 27/100.
- Moderate — Accountability: Governance controls: 4 of 7 not reported.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Liabilities to assets ratio scored 26/100.