KATY AREA ECONOMIC DEVELOPMENT COUNCIL

EIN: 200321679 Community Improvement

KATY, TX

Total Revenue
$588,302
Total Expenses
$587,271
Total Assets
$327,167
Net Assets
$10,078
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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
2003
Legal Domicile
TX
Phone
2813962200
Tax Period
2024-01-01 to 2024-12-31

KATY AREA ECONOMIC DEVELOPMENT COUNCIL, founded in 2003, is a small nonprofit in the Community Improvement sector that reported $588K in total revenue in fiscal year 2024. Revenue surged 23% from the prior year, signaling strong growth momentum.

Mission

TO ESTABLISH THE KATY AREA AS THE PREMIER LOCATION FOR FAMILIES AND BUSINESSES THROUGH PLANNED ECONOMIC GROWTH AND DEVELOPMENT.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $585,133
Program Service Revenue $0
Investment Income $3,169
Other Revenue $0
TOTAL REVENUE $588,302

Expense Breakdown

Grants Paid $0
Salaries & Benefits $298,873
Fundraising Expenses $45,536
Other Expenses $288,398
TOTAL EXPENSES $587,271

Year-over-Year Comparison

2024 2023 Change
Revenue $588,302 $479,233 +0.2%
Expenses $587,271 $419,948 +0.4%
Net Income $1,031 $59,285 -1.0%
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

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Governance

Voting Members
40
Independent Members
40
Employees
3
Volunteers
N/A

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
6
$172,002
Total Directors
40
$0
Key Employees
1
$172,002
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Angela Thomason President/CEO 40.00
Officer Key Emp Highest
$172,002 $0 $172,002
Paul Kurt Chairman 5.00
Officer Director
$0 $0 $0
Danielle Wright Vice Chairman 2.50
Officer Director
$0 $0 $0
Scott Bartholomaus Treasurer 2.50
Officer Director
$0 $0 $0
Sam Henderson Secretary 2.50
Officer Director
$0 $0 $0
Alex Matheus Board of Governors 1.00
Director
$0 $0 $0
Bill Callegari Board of Governors 1.00
Director
$0 $0 $0
Bob Chalker Board of Governors 1.00
Director
$0 $0 $0
Bobby Hunt Board of Governors 1.00
Director
$0 $0 $0
Byron Hebert Board of Governors 1.00
Director
$0 $0 $0
Cesar Diaz Board of Governors 1.00
Director
$0 $0 $0
Cameron Yearty Board of Governors 1.00
Director
$0 $0 $0
Christina Miller Board of Governors 1.00
Director
$0 $0 $0
Downy Vickery Board of Governors 1.00
Director
$0 $0 $0
James Uhl Board of Governors 1.00
Director
$0 $0 $0
JR Richardson Board of Governors 1.00
Director
$0 $0 $0
Jason Grisham Board of Governors 1.00
Director
$0 $0 $0
Jay Neal Board of Governors 1.00
Director
$0 $0 $0
Jerry Ashworth Board of Governors 1.00
Director
$0 $0 $0
Jim Black Board of Governors 1.00
Director
$0 $0 $0
Kara Abrameit Board of Governors 1.00
Director
$0 $0 $0
Kathleen Anzivino Board of Governors 1.00
Director
$0 $0 $0
Kay Fitzsimons Board of Governors 1.00
Director
$0 $0 $0
Dr Ken Gregorski Board of Governors 1.00
Director
$0 $0 $0
Kerry Gilbert Board of Governors 1.00
Director
$0 $0 $0
Kyle Stanzel Board of Governors 1.00
Director
$0 $0 $0
Maxwell Rowland Board of Governors 1.00
Director
$0 $0 $0
Mark Gehringer Board of Governors 1.00
Director
$0 $0 $0
Rich Patrick Board of Governors 1.00
Director
$0 $0 $0
Richard Phillips Board of Governors 1.00
Director
$0 $0 $0
Rick Lawler Immediate Past Chair 3.00
Officer Director
$0 $0 $0
Robert Glenn Board of Governors 1.00
Director
$0 $0 $0
Ronald Salazar Board of Governors 1.00
Director
$0 $0 $0
Stan Goss Board of Governors 1.00
Director
$0 $0 $0
Ted Vierling Board of Governors 1.00
Director
$0 $0 $0
William Baird Board of Governors 1.00
Director
$0 $0 $0
William Thiele Board of Governors 1.00
Director
$0 $0 $0
Woody Mann Jr Board of Governors 1.00
Director
$0 $0 $0
Caleb Stone Board of Governors 1.00
Director
$0 $0 $0
Jon Perrella Board of Governors 1.00
Director
$0 $0 $0
Alan Perez Board of Governors 1.00
Director
$0 $0 $0
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 $588,302 $587,271 $327,167 $1,031
2023 $479,233 $419,948 $290,092 $59,285
2022 $578,174 $645,087 $206,577 $-66,913
2021 $669,601 $626,257 $331,645 $43,344
2020 $680,761 $643,440 $255,922 $37,321
2019 $647,480 $990,574 $277,440 $-343,094
2018 $861,495 $754,526 $505,597 $106,969
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