Cleburne Economic Development Foundation Inc (EIN 237452601) - 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

1963

Legal Domicile

Principal Officer

JERRY CASH

Phone

8176458644

Tax Period

2023-10-01 to 2024-09-30

Cleburne Economic Development Foundation Inc, founded in 1963, is a small nonprofit that reported $325K in total revenue in fiscal year 2023. Revenue fell 67% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $174K, a strong 53% operating margin.

Mission

PROMOTION OF THE CITY OF CLEBURNE AS AN ECONOMIC LOCATION OF INDUSTRY AND SERVICES. MANY BUSINESSES WERE CONTACTED DURING THE YEAR

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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 $0

Program Service Revenue $51,683

Investment Income $273,744

Other Revenue $0

TOTAL REVENUE $325,427

Expense Breakdown

Grants Paid $0

Salaries & Benefits $86,660

Fundraising Expenses $0

Other Expenses $64,822

TOTAL EXPENSES $151,482

Year-over-Year Comparison

	2023	2022	Change
Revenue	$325,427	$990,997	-0.7%
Expenses	$151,482	$147,267	+0.0%
Net Income	$173,945	$843,730	-0.8%

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
JERRY CASH	Executive Dir.	40.00	Officer Director	$0	$0	$0
JERRY WHEATLEY	Treasurer	10.00	Officer 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	No data	No data	No data	No data
2024	$325,427	$151,482	$6,770,713	$173,945
2023	$990,997	$147,267	$6,579,336	$843,730
2022	$480,988	$145,100	$5,735,606	$335,888
2020	$105,739	$141,577	$4,950,041	$-35,838

Cleburne Economic Development Foundation Inc