GREATER AUSTIN ECONOMIC DEVELOPMENT CORPORATION INC (EIN 200192975) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2002

Legal Domicile

Principal Officer

SUSAN DAVENPORT

Phone

5124789383

Tax Period

2024-01-01 to 2024-12-31

GREATER AUSTIN ECONOMIC DEVELOPMENT CORPORATION INC, founded in 2002, is a community nonprofit in the Community Improvement sector that reported $5.9M in total revenue in fiscal year 2024. Revenue surged 84% from the prior year, signaling strong growth momentum.

Mission

OPPORTUNITY AUSTIN IS A REGIONAL ECONOMIC DEVELOPMENT INITIATIVE AIMED AT FOSTERING JOB-CREATING INVESTMENT ACROSS THE AUSTIN AND CENTRAL TEXAS REGION.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $633,731

Program Service Revenue $5,190,129

Investment Income $123,989

Other Revenue $-69,596

TOTAL REVENUE $5,878,253

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,254,787

Fundraising Expenses $0

Other Expenses $3,070,463

TOTAL EXPENSES $6,325,250

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,878,253	$3,192,928	+0.8%
Expenses	$6,325,250	$5,028,369	+0.3%
Net Income	$-446,997	$-1,835,441	-0.8%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

314

Governance Policies

✗ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$387,914

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GARY FARMER	CHAIR	15.00	Officer Director	$0	$0	$0
CASEY DOBSON	VICE CHAIR	1.00	Officer Director	$0	$0	$0
JAMES DYESS	TREASURER	10.00	Officer Director	$0	$0	$0
MATTHEW DOW	GENERAL COUNSEL/ASST. SECRETARY	1.00	Officer Director	$0	$0	$0
ANDY BROCK	DIRECTOR	1.00	Director	$0	$0	$0
BUCK CODY	DIRECTOR	1.00	Director	$0	$0	$0
TIM CROWLEY	DIRECTOR	1.00	Director	$0	$0	$0
LAURA GOTTESMAN	DIRECTOR	1.00	Director	$0	$0	$0
TIM HENDRICKS	DIRECTOR	1.00	Director	$0	$0	$0
ERIC MARCELLA	DIRECTOR	1.00	Director	$0	$0	$0
C BRIAN CASSIDY	DIRECTOR	1.00	Director	$0	$0	$0
STEVEN GONZALEZ	DIRECTOR	1.00	Director	$0	$0	$0
SETH JOHNSTON	DIRECTOR	1.00	Director	$0	$0	$0
DAVID KNOLL	DIRECTOR	1.00	Director	$0	$0	$0
BART MATHENEY	DIRECTOR	1.00	Director	$0	$0	$0
BILL REDD	DIRECTOR	1.00	Director	$0	$0	$0
JODY RUDMAN	DIRECTOR	1.00	Director	$0	$0	$0
RUDY GARZA	DIRECTOR	1.00	Director	$0	$0	$0
DANA HARRIS PATE	DIRECTOR	1.00	Director	$0	$0	$0
CHUCK LIPSCOMB	DIRECTOR	1.00	Director	$0	$0	$0
JEFF NYDEGGER	DIRECTOR	1.00	Director	$0	$0	$0
KYLE PARKS	DIRECTOR	1.00	Director	$0	$0	$0
STEPHANIE PERRYMAN	DIRECTOR	1.00	Director	$0	$0	$0
TODD WALLACE	DIRECTOR	1.00	Director	$0	$0	$0
ELLEN WOOD	DIRECTOR	1.00	Director	$0	$0	$0
ED LATSON	PRESIDENT, SECRETARY & CEO	40.00	Officer	$363,762	$24,152	$387,914
STACY ALMGREN	SENIOR VICE PRESIDENT	40.00	Highest	$207,006	$16,639	$223,645
CHARISSE BODISCH	SENIOR VICE PRESIDENT	40.00	Highest	$304,991	$20,904	$325,895
ROBERT FARLEY	VP OF ECONOMIC DEVELOPMENT	40.00	Highest	$164,904	$15,504	$180,408
ROLAND PENA	SVP OF GLOBAL TECH & INNOVATION	40.00	Highest	$190,177	$20,562	$210,739
BEVERLY KERR	VICE PRESIDENT, RESEARCH	40.00	Highest	$157,777	$14,150	$171,927

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$5,878,253	$6,325,250	$2,854,813	$-446,997
2023	$3,192,928	$5,028,369	$3,329,612	$-1,835,441
2022	$3,944,259	$4,267,855	$5,075,407	$-323,596
2021	$3,944,758	$2,615,241	$5,172,516	$1,329,517
2020	$3,694,287	$3,306,041	$3,699,545	$388,246
2019	$4,748,107	$3,782,696	$3,371,312	$965,411
2018	$4,179,030	$3,994,568	$2,790,662	$184,462

GREATER AUSTIN ECONOMIC DEVELOPMENT CORPORATION INC