SOUTHEAST TEXAS ECONOMIC DEVELOPMENT FOUNDATION

EIN: 237176101 501(c)(3) Community Improvement

BEAUMONT, TX

Total Revenue
$306,584
Total Expenses
$271,010
Total Assets
$248,456
Net Assets
$241,954
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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
1998
Legal Domicile
TX
Principal Officer
JIM RICH
Phone
4098386585
Tax Period
2024-10-01 to 2025-09-30

SOUTHEAST TEXAS ECONOMIC DEVELOPMENT FOUNDATION, founded in 1998, is a small nonprofit in the Community Improvement sector that reported $307K in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $271K left a modest 12% surplus.

Program Service Accomplishments

Program 1
Expenses: $97,825

SBA 504 LOAN PROGRAM: ASSIST SMALL BUSINESSES IN PREPARING LOAN APPLICATIONS AND SERVICING EXISTING LOANS UNDER THE SECTION 504 LOAN PROGRAM OF THE SMALL BUSINESS ADMINISTRATION

Program 2
Expenses: $102,521

PROMOTE REGIONAL ECONOMIC DEVELOPMENT WITHIN THE SOUTHEAST 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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $297,089
Investment Income $1,657
Other Revenue $7,838
TOTAL REVENUE $306,584

Expense Breakdown

Grants Paid $0
Salaries & Benefits $63,917
Fundraising Expenses $0
Program Expenses $200,346
Other Expenses $207,093
TOTAL EXPENSES $271,010

Year-over-Year Comparison

2024 2023 Change
Revenue $306,584 $280,779 +0.1%
Expenses $271,010 $263,032 +0.0%
Net Income $35,574 $17,747 +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
13
Independent Members
13
Employees
2
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
3
$0
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JEFF BRANICK DIRECTOR N/A
Director
$0 $0 $0
DALE CHAMPAGNE SECRETARY N/A
Officer Director
$0 $0 $0
KAY DECUIR VICE CHAIR N/A
Director
$0 $0 $0
AMANDA ELLIS DIRECTOR N/A
Director
$0 $0 $0
CHARLIE FOXWORTH DIRECTOR N/A
Director
$0 $0 $0
BOB HAMER DIRECTOR N/A
Director
$0 $0 $0
PIERCE HARRINGTON DIRECTOR N/A
Director
$0 $0 $0
JESSICA HILL DIRECTOR N/A
Director
$0 $0 $0
WAYNE HOLLAND CHAIRMAN N/A
Officer Director
$0 $0 $0
LARRY KELLY DIRECTOR N/A
Director
$0 $0 $0
DAVID MAY DIRECTOR N/A
Director
$0 $0 $0
JIM RICH EXEC DIRECTO N/A
Officer Director
$0 $0 $0
ANN SCOGGIN DIRECTOR N/A
Director
$0 $0 $0
JOSH SMITH DIRECTOR N/A
Director
$0 $0 $0
ROBERT TURNER DIRECTOR N/A
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
2025 $306,584 $271,010 $248,456 $35,574
2024 $280,779 $263,032 $219,529 $17,747
2023 $267,013 $261,062 $200,730 $5,951
2022 $258,241 $241,075 $203,887 $17,166
2021 $291,516 $261,633 $170,769 $29,883
2020 $262,798 $284,086 $147,273 $-21,288
2019 $249,054 $272,089 $168,294 $-23,035
2018 $210,847 $240,344 $207,026 $-29,497
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