Starr County Industrial Foundation

EIN: 237357872

Rio Grande City, TX

Total Revenue
$645,937
Total Expenses
$585,829
Total Assets
$1,521,304
Net Assets
$78,563
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1974
Legal Domicile
TX
Phone
9564872709
Tax Period
2023-10-01 to 2024-09-30

Starr County Industrial Foundation, founded in 1974, is a small nonprofit that reported $646K in total revenue in fiscal year 2023. Revenue surged 39% from the prior year, signaling strong growth momentum. Expenses of $586K left a modest 9% surplus.

Mission

The purpose of the Starr County Industrial Foundation is to further develop and diversify the local economy through sound controlled economic growth. Over the years the Corporation has developed a core competency in a varied spectrum of administrative and promotion roles which has placed it in a position to capitalize industrial and economic development in the Starr County 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 (2023)

Revenue Breakdown

Contributions & Grants $372,850
Program Service Revenue $140,252
Investment Income $0
Other Revenue $132,835
TOTAL REVENUE $645,937

Expense Breakdown

Grants Paid $0
Salaries & Benefits $216,274
Fundraising Expenses $0
Program Expenses $541,700
Other Expenses $369,555
TOTAL EXPENSES $585,829

Year-over-Year Comparison

2023 2022 Change
Revenue $645,937 $463,819 +0.4%
Expenses $585,829 $559,119 +0.0%
Net Income $60,108 $-95,300 -1.6%
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
12
Independent Members
12
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
5
$144,500
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Rose Benavidez President 30.00
Officer
$144,500 $0 $144,500
Joe Escamilla Member 3.00
Director
$0 $0 $0
Xavier E Perez Member 1.00
Director
$0 $0 $0
Eloy Vera Member 15.00
Director
$0 $0 $0
Billy Canales Member 1.00
Director
$0 $0 $0
Robert Vale Member 5.00
Director
$0 $0 $0
Orlando Quintanilla Member 1.00
Director
$0 $0 $0
Gilberto Falcon Member 1.00
Director
$0 $0 $0
Sam F Vale Chair 20.00
Officer
$0 $0 $0
Richard Gutierrez Vice Chair 1.00
Officer
$0 $0 $0
Larry Gonzalez Secretary 1.00
Officer
$0 $0 $0
Noel Benavides Treasurer 3.00
Officer
$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 $645,937 $585,829 $1,521,304 $60,108
2023 $463,819 $559,119 $1,535,796 $-95,300
2022 $454,585 $466,943 $1,707,771 $-12,358
2021 $422,095 $365,015 $1,794,156 $57,080
2020 $403,255 $339,379 $1,466,014 $63,876
2019 $346,931 $349,620 $1,348,234 $-2,689
2018 $320,268 $326,197 $1,397,260 $-5,929
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