Orange Economic Development Corpor… - Form 990 Financial Data

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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

2004

Legal Domicile

Principal Officer

RANDY TRAHAN

Phone

4098831041

Tax Period

2023-10-01 to 2024-09-30

Orange Economic Development Corporation, founded in 2004, is a community nonprofit in the Community Improvement sector that reported $2.7M in total revenue in fiscal year 2023. Revenue decreased 18% compared to the prior year. The organization ran a surplus of $522K, a strong 20% operating margin.

Mission

Orange EDC is a Not for Profit 4B Sales Tax Corp chartered under laws of the State of Texas. Sales tax revenue by state law can only be used for purposes that support economic development. Same for interest rev.

Program Service Accomplishments

Program 1

Expenses: $348,913

Construction of water line extension for the west side of the City.

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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 (2023)

Revenue Breakdown

Contributions & Grants $17,565

Program Service Revenue $0

Investment Income $229,241

Other Revenue $2,417,513

TOTAL REVENUE $2,664,319

Expense Breakdown

Grants Paid $1,272,312

Salaries & Benefits $319,961

Fundraising Expenses $0

Program Expenses $348,913

Other Expenses $550,201

TOTAL EXPENSES $2,142,474

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,664,319	$3,267,974	-0.2%
Expenses	$2,142,474	$3,551,031	-0.4%
Net Income	$521,845	$-283,057	-2.8%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LARRY SPEARS	director	N/A	Director	$0	$0	$0
PAUL BURCH	Secretary	N/A	Officer	$0	$0	$0
RANDY L TRAHAN	Executive Director	N/A	Highest	$0	$0	$0
BRAD CHILDS	Vice President	N/A	Officer	$0	$0	$0
TREMENA HORN	Director	N/A	Director	$0	$0	$0
JASON RODRIGUE	Director	N/A	Officer	$0	$0	$0
GEORGE MORTIMER	Director	N/A	Director	$0	$0	$0
MARGARET HOPE-ADAMS	Director	1.000	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	$2,664,319	$2,142,474	$11,210,892	$521,845
2023	$3,267,974	$3,551,031	$11,026,712	$-283,057
2022	$2,766,327	$1,734,427	$11,722,278	$1,031,900
2021	$2,310,551	$1,972,185	$11,191,752	$338,366
2020	$1,924,805	$1,075,651	$11,056,253	$849,154

Orange Economic Development Corporation