Civic Intelligence

Palo Duro Club

EIN 75-0479522 • 501(c)7 • Amarillo, TX

Profile

The palo duro club is a social club organized to provide it's members a rural retreat where they can enjoy outdoor and social activities including swimming, tennis, hiking and horseback riding.

PO Box 501Amarillo, TX 79105-0501

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

77th percentile

0.10x

Higher debt load relative to assets than 77% of similar nonprofits.

501(c)7 • <$500k nonprofits • Source year 2025

Liabilities / Revenue

78th percentile

0.09x

Higher debt load relative to revenue than 78% of similar nonprofits.

501(c)7 • <$500k nonprofits • Source year 2025

Net Margin

30th percentile

-5.0%

Higher net margin than 30% of similar nonprofits.

501(c)7 • <$500k nonprofits • Source year 2025

Top Officer Pay

94th percentile

$0

Higher top officer pay than 94% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)7 • <$500k nonprofits • Source year 2025

Asset Growth

60th percentile

4.5%

Faster asset growth than 60% of similar nonprofits.

501(c)7 • <$500k nonprofits • Annualized from 2024 to 2025

Revenue Growth

72nd percentile

14%

Faster revenue growth than 72% of similar nonprofits.

501(c)7 • <$500k nonprofits • Annualized from 2024 to 2025

Assets

Up

$347,529

Up $14,950 (+4.5%) from 2024

Liabilities

Up

$33,223

Up $32,607 (+5293%) from 2024

Net Assets

Down

$314,306

Down $17,657 (-5.3%) from 2024

Revenue

Up

$355,692

Up $44,533 (+14%) from 2024

Expenses

Up

$373,349

Up $31,788 (+9.3%) from 2024

Net Income

Up

-$17,657

Up $12,745 (+42%) from 2024

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$400K$300K$200K$100K$0-$100KAssets 2011: $214,468Liabilities 2011: $29,973Net Assets 2011: $184,4952011Assets 2012: $240,640Liabilities 2012: $1,162Net Assets 2012: $239,4782012Assets 2013: $223,654Liabilities 2013: $23,243Net Assets 2013: $200,4112013Assets 2014: $188,802Liabilities 2014: $31,835Net Assets 2014: $156,9672014Assets 2015: $162,797Liabilities 2015: $21,063Net Assets 2015: $141,7342015Assets 2016: $264,385Liabilities 2016: $25,206Net Assets 2016: $239,1792016Assets 2017: $261,261Liabilities 2017: $89Net Assets 2017: $261,1722017Assets 2018: $240,515Liabilities 2018: $79Net Assets 2018: $240,4362018Assets 2019: $291,616Liabilities 2019: $48Net Assets 2019: $291,5682019Assets 2020: $322,288Liabilities 2020: $58Net Assets 2020: $322,2302020Assets 2021: $316,853Liabilities 2021: $662Net Assets 2021: $316,1912021Assets 2022: $343,990Liabilities 2022: -$651Net Assets 2022: $344,6412022Assets 2023: $362,954Liabilities 2023: $589Net Assets 2023: $362,3652023Assets 2024: $332,579Liabilities 2024: $616Net Assets 2024: $331,9632024Assets 2025: $347,529Liabilities 2025: $33,223Net Assets 2025: $314,3062025

Highlighted filing

2025

Assets$347,529
Liabilities$33,223
Net Assets$314,306

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$400K$200K$0-$200KExpenses 2011: $179,6502011Revenue 2012: $283,546Expenses 2012: $194,329Net Income 2012: $89,2172012Expenses 2013: $253,1142013Revenue 2014: $199,855Expenses 2014: $243,009Net Income 2014: -$43,1542014Revenue 2015: $227,131Expenses 2015: $242,364Net Income 2015: -$15,2332015Revenue 2016: $321,568Expenses 2016: $224,123Net Income 2016: $97,4452016Revenue 2017: $255,114Expenses 2017: $233,121Net Income 2017: $21,9932017Revenue 2018: $202,721Expenses 2018: $223,457Net Income 2018: -$20,7362018Revenue 2019: $267,799Expenses 2019: $216,667Net Income 2019: $51,1322019Revenue 2020: $262,342Expenses 2020: $231,680Net Income 2020: $30,6622020Revenue 2021: $248,699Expenses 2021: $254,737Net Income 2021: -$6,0382021Revenue 2022: $313,146Expenses 2022: $284,696Net Income 2022: $28,4502022Revenue 2023: $315,105Expenses 2023: $298,407Net Income 2023: $16,6982023Revenue 2024: $311,159Expenses 2024: $341,561Net Income 2024: -$30,4022024Revenue 2025: $355,692Expenses 2025: $373,349Net Income 2025: -$17,6572025

Highlighted filing

2025

Revenue$355,692
Expenses$373,349
Net Income-$17,657

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$3.48$0.33$3.14$3.56$3.73$0.18
2024Detailed filing. Detailed filing data is available for this year.$3.33$0.01$3.32$3.11$3.42$0.30
2023Detailed filing. Detailed filing data is available for this year.$3.63$0.01$3.62$3.15$2.98$0.17
2022Detailed filing. Detailed filing data is available for this year.$3.44$0.01$3.45$3.13$2.85$0.28
2021Detailed filing. Detailed filing data is available for this year.$3.17$0.01$3.16$2.49$2.55$0.06
2020Detailed filing. Detailed filing data is available for this year.$3.22$0.00$3.22$2.62$2.32$0.31
2019Detailed filing. Detailed filing data is available for this year.$2.92$0.00$2.92$2.68$2.17$0.51
2018Detailed filing. Detailed filing data is available for this year.$2.41$0.00$2.40$2.03$2.23$0.21
2017Detailed filing. Detailed filing data is available for this year.$2.61$0.00$2.61$2.55$2.33$0.22
2016Detailed filing. Detailed filing data is available for this year.$2.64$0.25$2.39$3.22$2.24$0.97
2015Detailed filing. Detailed filing data is available for this year.$1.63$0.21$1.42$2.27$2.42$0.15
2014Detailed filing. Detailed filing data is available for this year.$1.89$0.32$1.57$2.00$2.43$0.43
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.24$0.23$2.00$2.53
2012Summary only. Only limited summary data is available for this year.$2.41$0.01$2.39$2.84$1.94$0.89
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.14$0.30$1.84$1.80
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Mar 1, 2024 to Feb 28, 2025
Signed
May 23, 2025
Return Version
2024v5.0
Gross Receipts
$360,370
Mission and Program Overview

Mission

The palo duro club is a social club organized to provide it's members a rural retreat where they can enjoy outdoor and social activities including swimming, tennis, hiking and horseback riding.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$222,664$306,379▲ $83,715
Pd in Cap Srpls Land Bldg Eqp Fund$214,412$214,412→ $0
Rtn Earn Endowment Incm Other Fnds$93,551$75,894▼ $17,657
Cap Stk Tr Prin Current Funds$24,000$24,000→ $0
Intangible Assets$24,692$22,093▼ $2,599
Cash and Non-Interest-Bearing Accounts$85,223$19,057▼ $66,166
Total Assets$332,579$347,529▲ $14,950
Liabilities
Other Liabilities$616$33,223▲ $32,607
Total Liabilities$616$33,223▲ $32,607
Net Assets / Fund Balance
Total Net Assets Fund Balance$331,963$314,306▼ $17,657
Total Liabilities and Net Assets / Fund Balance$332,579$347,529▲ $14,950

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$302,641$738,418$1,041,059
Land$3,738-$3,738
Compensation and Service Providers

Board Members and Trustees

NameTitle
Carol LoveladyPresident
Kim BarrettExecutive as
Andrew MitchellMember
Brian FaraboughMember
Jerry Don ThompsonMember
John MckinleyMember
Pat SandersMember
Collin MccarttSecretary
Pat WareTreasurer
Bart BoxwellVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$351,882
Investment Income
$0
Other Revenue
$3,810
Change in Net Assets
$-17,657
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$320,698
Salaries, Compensation, and Employee Benefits$52,651
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$73,301--$73,301
All Other Expenses$52,350$9,000-$61,350
Fees for Services Accounting$56,094--$56,094
Current Officers, Directors, Trustees, and Key Employees$42,474--$42,474
Other Expenses$17,485$19,551-$17,485
Other Salaries and Wages$4,473--$4,473
Payroll Taxes$3,704--$3,704
Pension Plan Contributions$2,000--$2,000
Total Functional Expenses$344,798$28,551$0$373,349
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$4,678
Fundraising Gross Income$3,450
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Anb Loc$29,000
Credit Card$4,169
Payroll Tax Liability$54
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 6

The palo duro club has one class of stockholders.

Form 990, Page 6, Part VI, Line 7A

Stockholders elect fellow members to the board of directors - this does not represent a change.

Form 990, Page 6, Part VI, Line 7B

The bylaws of the palo duro club leave some actions to a vote of the stockholders - this does not represent a change.

Form 990, Page 6, Part VI, Line 11B

No review was or will be conducted.

Form 990, Page 6, Part VI, Line 19

No documents available to the public

Filing and Contact Details

Filer

Filer Name
Palo Duro Club
EIN
75-0479522
Phone
8066550690
Address
PO BOX 501, AMARILLO, TX 79105-0501

Signing Officer

Name
Carol Lovelady
Title
President
Phone
8064204750
Signed
2025-05-23
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Carol Lovelady
Formed
1905
Legal Domicile
TX
Voting Board Members
9
Independent Board Members
9
Employees
2

Preparer

Firm
Lpt Cpas Advisors Pllc
Address
801 S FILLMORE ST STE 420, AMARILLO, TX 79101
Preparer
Johnny M Terra CPA
Phone
8063734884
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

The palo duro club succeeded in providing a rural environment for memberrecreation. In addition to on-going activities including swimming, tennis and horseback riding the club made improvements to the facilities.

Form 990, Part IX, Line 24E

Supplies 10,123 2,531 0 property tax 10,899 0 0 fuel 6,436 0 0 horse 5,328 0 0 telephone 3,113 778 0 pesticides & herbicides 3,848 0 0 vehicle expenses 3,707 0 0 miscellaneous 2,583 0 0 office expense 0 2,449 0 pool ice box 2,371 0 0 water testing & fees 2,342 0 0 meeting expense 0 1,672 0 contract labor 1,600 0 0 license and fees 0 1,467 0 interest 0 77 0 payroll processing 0 26 0 total 52,350 9,000 0

Raw XML Appendix344 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0MEMBER DUES & ASSESSMENTS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0351882
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0351882
IRS990/ProgSrvcAccomActyOtherGrp/Desc0THE PALO DURO CLUB SUCCEEDED IN PROVIDING A RURAL ENVIRONMENT FOR MEMBERRECREATION. IN ADDITION TO ON-GOING ACTIVITIES INCLUDING SWIMMING, TENNIS AND HORSEBACK RIDING THE CLUB MADE IMPROVEMENTS TO THE FACILITIES.
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYOtherExpensesAmt0284791
IRS990/PYOtherRevenueAmt05709
IRS990/PYProgramServiceRevenueAmt0305450
IRS990/PYRevenuesLessExpensesAmt0-30402
IRS990/PYSalariesCompEmpBnftPaidAmt056770
IRS990/PYTotalExpensesAmt0341561
IRS990/PYTotalRevenueAmt0311159
IRS990/ReconcilationRevenueExpnssAmt0-17657
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt093551
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt075894
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/LandGrp/BookValueAmt03738
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt03738
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0302641
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0738418
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt01041059
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt029000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt14169
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt254
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ANB LOC
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1CREDIT CARD
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2PAYROLL TAX LIABILITY
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0306379
IRS990ScheduleD/TotalLiabilityAmt033223
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE PALO DURO CLUB SUCCEEDED IN PROVIDING A RURAL ENVIRONMENT FOR MEMBERRECREATION. IN ADDITION TO ON-GOING ACTIVITIES INCLUDING SWIMMING, TENNIS AND HORSEBACK RIDING THE CLUB MADE IMPROVEMENTS TO THE FACILITIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE PALO DURO CLUB HAS ONE CLASS OF STOCKHOLDERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2STOCKHOLDERS ELECT FELLOW MEMBERS TO THE BOARD OF DIRECTORS - THIS DOES NOT REPRESENT A CHANGE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BYLAWS OF THE PALO DURO CLUB LEAVE SOME ACTIONS TO A VOTE OF THE STOCKHOLDERS - THIS DOES NOT REPRESENT A CHANGE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5NO DOCUMENTS AVAILABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6SUPPLIES 10,123 2,531 0 PROPERTY TAX 10,899 0 0 FUEL 6,436 0 0 HORSE 5,328 0 0 TELEPHONE 3,113 778 0 PESTICIDES & HERBICIDES 3,848 0 0 VEHICLE EXPENSES 3,707 0 0 MISCELLANEOUS 2,583 0 0 OFFICE EXPENSE 0 2,449 0 POOL ICE BOX 2,371 0 0 WATER TESTING & FEES 2,342 0 0 MEETING EXPENSE 0 1,672 0 CONTRACT LABOR 1,600 0 0 LICENSE AND FEES 0 1,467 0 INTEREST 0 77 0 PAYROLL PROCESSING 0 26 0 TOTAL 52,350 9,000 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART IX, LINE 24E
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0332579
IRS990/TotalAssetsEOYAmt0347529
IRS990/TotalAssetsGrp/BOYAmt0332579
IRS990/TotalAssetsGrp/EOYAmt0347529
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt028551
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0344798
IRS990/TotalFunctionalExpensesGrp/TotalAmt0373349
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0616
IRS990/TotalLiabilitiesEOYAmt033223
IRS990/TotalLiabilitiesGrp/BOYAmt0616
IRS990/TotalLiabilitiesGrp/EOYAmt033223
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0331963
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0314306
IRS990/TotalProgramServiceRevenueAmt0351882
IRS990/TotalRevenueGrp/ExclusionAmt0-1228
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0356920
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0355692
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0332579
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0347529
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt02817 CROCKETT ST
IRS990/USAddress/CityNm0AMARILLO
IRS990/USAddress/StateAbbreviationCd0TX
IRS990/USAddress/ZIPCd079109
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0CAROL LOVELADY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum08064204750
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-05-23
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0PALO DURO CLUB
ReturnHeader/Filer/BusinessNameControlTxt0PALO
ReturnHeader/Filer/EIN0750479522
ReturnHeader/Filer/PhoneNum08066550690
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 501
ReturnHeader/Filer/USAddress/CityNm0AMARILLO
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd0791050501
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0752618166
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0LPT CPAS ADVISORS PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0801 S FILLMORE ST STE 420
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0AMARILLO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd079101
ReturnHeader/PreparerPersonGrp/PhoneNum08063734884
ReturnHeader/PreparerPersonGrp/PreparationDt02025-05-23
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JOHNNY M TERRA CPA
ReturnHeader/ReturnTs02025-06-16T09:57:10-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-03-01
ReturnHeader/TaxPeriodEndDt02025-02-28
ReturnHeader/TaxYr02024

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