SOUTHEAST TEXAS ECONOMIC DEVELOPMENT FOUNDATION (EIN 237176101) - 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

1998

Legal Domicile

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.

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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 $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

Governance

Voting Members

Independent Members

Employees

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
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

SOUTHEAST TEXAS ECONOMIC DEVELOPMENT FOUNDATION