Lifepoint INC EIN 22-3859351 Form 990 (PDF) Claim this org

Lifepoint INC

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Educates individuals with special needs in a dedicated school. For fiscal year 2025 it reported $134K in revenue, $236K in expenses, and $235K in net assets.Pt I

Type
Public charity (501(c)(3)) · Education
Location
Mansfield, TX
Website
www.lifepointinc.org
Filings
7 on file (2019–2025)
Revenue
$134KFY2025
Expenses
$236K
Net assets
$235K
People
5
Filings
7
Updates
0
More identity details & actions ⌄
EIN  22-3859351 Public charity (501(c)(3)) Mansfield, TX
Form 990 (PDF)
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Size
$100K–1M
What they do
Educates individuals with special needs in a dedicated school.
Leadership
Nancy Ryals · Executive Di · $31K
Money in and out
$134K revenue, $236K expenses
Bottom line
92% program efficiency
Where the money goes · FY2025
Total revenue
$134K
Pt VIII · Ln 12
Total expenses
$236K
Pt IX · Ln 25
Net assets
$235K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$103K
Where spending went · Part IX cols B–D
Program services $0.92 Management & general $0.08
Program efficiency
92%
of spending reaches programs+0.2% vs prior filing year
Operating runway
12.0mo
months of highly liquid reserves at operating expense rate▼ -23% vs prior filing year
Surplus margin
-77%
revenue over expenses, this year▼ -3% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$134K
FY2025▼ -5%
Expenses
$236K
FY2025▼ -4%
Total assets
$242K
FY2025▼ -24%
Total liabilities
$6K
FY2025▲ +46%
Total revenue
$134K
Pt VIII · Ln 12
Total expenses
$236K
Pt IX · Ln 25
Net assets
$235K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$103K
Total assetsPt X · Ln 16$242K
Program-expense ratioPt IX · col B92%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 45

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CLifepoint INC
EINHdr · item D22-3859351
Principal addressHdr · item CMansfield, TX
WebsiteHdr · item Jwww.lifepointinc.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MTX
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B28)
Ruling yearIRS BMFOct 2002

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a5
Independent voting membersPt VI · Ln 1b5
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Di
$30,992Pt VII · Sec A
$24,619Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Nancy Ryals’s $31K as Executive Di is at the 24th percentile of top reported officer pay among 1615 $100K–1M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 4 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2020
Nancy Ryals$34,198$41,113
Nancy Ryals$30,992$40,473$37,271
Ray Wood$34,198
Michelle D Gammage$24,619

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Mission & Programs · Part III

Where the work happens

1 program service account for $217K of program spending, described in the organization's own filed words · FY2025.
01

Continued education for individuals with special needs and further development of programs to help them achieve their potential. These high- risk individuals are being trained academically and in essential life skills with a low teacher-to-student ratio.

$217Kprogram expense

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Statement of Revenue

Part VIII
Program service revenue$97K · 73%
Investment income$23K · 17%
Contributions & grants$7K · 5%
Other revenue$6K · 5%
Program service revenue73%$97K
Investment income17%$23K
Contributions & grants5%$7K
Other revenue5%$6K
Total revenueLn 12$134K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.92 Management & general $0.08
Program services92%$217K
Management & general8%$19K
Total functional expensesLn 25$236K

Balance Sheet

Part X · end of year
CashLn 1$22K
Total assetsLn 16$242K
Total liabilitiesLn 26$6K
Total net assetsLn 32$235K
Months of cash on handcomputed1.1

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $237K · Operating expenses/yr $236K
12.0 months
Where the money goes
Program services
Program services $217K · Total expenses $236K
92%
Management & General
Management & general $19K · Total expenses $236K
8%
Fundraising
Fundraising $0 · Total expenses $236K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $9K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $7K · Total revenue $134K
5%
Government reliance
Government grants — · Total revenue $134K
Earned-income share
Program service revenue $97K · Total revenue $134K
73%
Investment reliance
Investment income $23K · Total revenue $134K
+17%
Program self-sufficiency
Program service revenue $97K · Total expenses $236K
41%
Growth & trend
Revenue growth (YoY)
This year $134K · Prior year $141K
-5%
Revenue CAGR
FY2019 $663K · FY2025 $134K
-23%
Net-asset trend (YoY)
End of year $235K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $134K · Expenses $236K
-77%
Liabilities-to-Assets
Total liabilities — · Total assets $242K
Net-asset ratio
Net assets $235K · Total assets $242K
97%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $215K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $242K
89%
People & payroll
Highest Reported Total Compensation
Individual Nancy Ryals · Reported title EXECUTIVE DI · Highest reported compensation $31K · Total expenses $236K
13%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $193K · Total expenses $236K
82%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 92%
Overhead ratio 8%
Revenue growth -5%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$11K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$134K revenue · viewing · ⤓ 990 PDF
FY2024$141K revenue · ⤓ 990 PDF
FY2023$106K revenue · ⤓ 990 PDF
FY2022$152K revenue · ⤓ 990 PDF
FY2021$159K revenue · ⤓ 990 PDF
FY2020$303K revenue · ⤓ 990 PDF
FY2019$663K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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