Lifepoint INC FY2020 filing

Mansfield, TX · Public charity (501(c)(3)) · Education

✓ Tax-deductible
Revenue
$303K
-54% vs prior year
Spent
$214K
To programs
70%
Net assets
$610K
By yearFY2019–FY2025
Revenue
$303K
FY2020▼ -54%
Revenue by fiscal year
FY2019$663K
FY2020$303K
FY2021$159K
FY2022$152K
FY2023$106K
FY2024$141K
FY2025$134K
Expenses
$214K
FY2020▼ -12%
Expenses by fiscal year
FY2019$244K
FY2020$214K
FY2021$189K
FY2022$195K
FY2023$214K
FY2024$245K
FY2025$236K
Net assets
$610K
FY2020▲ +17%
Net assets by fiscal year
FY2019$521K
FY2020$610K
FY2021$581K
FY2022$537K
FY2023$432K
FY2024$312K
FY2025$235K

From the FY2020 Form 990 · see the original

You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

Status and standing

Is it real, and can you give to it?

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Yes — filed FY2025
Legal name (IRS)Hdr · item CLifepoint INC
EINHdr · item D22-3859351
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFOct 2002
Latest filingForm 990FY2025 · Form 990
Principal addressHdr · item CMansfield, TX
NTEE classificationIRS BMFEducation (B28)
WebsiteHdr · item Jwww.lifepointinc.org

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.70 Management & general $0.27
Program services70%$151K
Management & general27%$58K
Total functional expensesLn 25$214K

Financial health

Is it on solid ground?

Program efficiency
72%
of spending reaches programs
Operating runway
1.4mo
months of highly liquid reserves at operating expense rate
Surplus margin
+29%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2020 · Form 990
Total assets
$610K
FY2020▲ +17%
Total assets by fiscal year
FY2019$521K
FY2020$610K
FY2021$585K
FY2022$543K
FY2023$438K
FY2024$317K
FY2025$242K
Total liabilities
−$78
FY20200%
Total liabilities by fiscal year
FY2019−$78
FY2020−$78
FY2021$4K
FY2022$5K
FY2023$7K
FY2024$4K
FY2025$6K
Revenue less expensesPt I · Ln 19$89K
Total assetsPt X · Ln 16$610K
Program-expense ratioPt IX · col B70%
Voting members of governing bodyPt I · Ln 36
Independent voting membersPt I · Ln 46

Balance Sheet

Part X · end of year
CashLn 1$26K
Total assetsLn 16$610K
Total liabilitiesLn 26−$78
Total net assetsLn 32$610K
Months of cash on handcomputed1.4

Statement of Revenue

Part VIII
Investment income$123K · 40%
Other revenue$113K · 37%
Program service revenue$45K · 15%
Contributions & grants$22K · 7%
Investment income40%$123K
Other revenue37%$113K
Program service revenue15%$45K
Contributions & grants7%$22K
Total revenueLn 12$303K

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $26K · Operating expenses/yr $214K
1.4 months
Where the money goes
Program services
Program services $151K · Total expenses $208K
72%
Management & General
Management & general $58K · Total expenses $208K
28%
Fundraising
Fundraising $0 · Total expenses $208K
0%
Cost to raise $1
Fundraising expense $0 · Solicited contributions $22K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $22K · Total revenue $303K
7%
Government reliance
Government grants — · Total revenue $303K
—
Earned-income share
Program service revenue $45K · Total revenue $303K
15%
Investment reliance
Investment income $123K · Total revenue $303K
+40%
Program self-sufficiency
Program service revenue $45K · Total expenses $214K
21%
Growth & trend
Revenue growth (YoY)
This year $303K · Prior year $663K
-54%
Net-asset trend (YoY)
End of year $610K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $303K · Expenses $214K
+29%
Liabilities-to-Assets
Total liabilities — · Total assets $610K
—
Net-asset ratio
Net assets $610K · Total assets $610K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $610K
0%
People & payroll
Highest Reported Total Compensation
Individual Nancy Ryals · Reported title Executive Dir. · Highest reported compensation $41K · Total expenses $214K
19%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $177K · Total expenses $214K
83%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 70%——
Overhead ratio 27%——
Fundraising cost ratio 0%——
Revenue growth -54%——
Investment management fee ratio 0%——
Legal fee ratio 0%——
Accounting fee ratio 0.4%——
Fundraising fee ratio 0%——

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.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Dir.
$41,113Pt VII · Sec A
Chairman
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Trustee
$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 1612 $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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Governance & Policies

Part VI
  • 6Voting board membersPt VI · Ln 1a
  • 6Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aNo
  • Whistleblower policyPt VI · Ln 13No
  • Document retention policyPt VI · Ln 14No
  • Top official’s pay independently reviewedPt VI · Ln 15aNo
  • Family or business ties among leadersPt VI · Ln 2No

Mission and programs

What it does.

Educates individuals with special needs in a dedicated school.

Provided by the organization

This section is blank until Lifepoint INC claims this page.

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Mission & Programs · Part III

Where the work happens

1 program service account for $151K of program spending, described in the organization's own filed words · FY2020.
01

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

$151Kprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

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

Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2025 Latest $134K$236K-5% 990 PDF
FY2024 $141K$245K+32% 990 PDF
FY2023 $106K$214K-30% 990 PDF
FY2022 $152K$195K-5% 990 PDF
FY2021 $159K$189K-47% 990 PDF
FY2020 Viewing $303K$214K-54% 990 PDF
FY2019 $663K$244K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2020IRS
Classification, formation year, addressIRS Business Master File
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