BANGS ECONOMIC DEVELOPMENT CORPORATION INC (EIN 261987990) - 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

2010

Legal Domicile

Principal Officer

SARAH YOUNG

Tax Period

2023-10-01 to 2024-09-30

BANGS ECONOMIC DEVELOPMENT CORPORATION INC, founded in 2010, is a micro nonprofit in the Community Improvement sector that reported $81K in total revenue in fiscal year 2023. The organization ran a surplus of $30K, a strong 36% operating margin.

Mission

TO PROMOTE THE ECONOMIC HEALTH OF BANGS, TEXAS BY ADDING BUSINESSES, IMPROVING HOUSING, AND IMPROVING BUSINESSES.

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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 $74,622

Program Service Revenue $0

Investment Income $6,664

Other Revenue $0

TOTAL REVENUE $81,286

Expense Breakdown

Grants Paid $40,295

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $50,416

Other Expenses $11,471

TOTAL EXPENSES $51,766

Year-over-Year Comparison

	2023	2022	Change
Revenue	$81,286	$80,586	+0.0%
Expenses	$51,766	$66,849	-0.2%
Net Income	$29,520	$13,737	+1.1%

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
SARAH YOUNG	PRESIDENT	001.00	Officer Director	$0	$0	$0
JOBI BLACKETER	TREASURER	001.00	Officer Director	$0	$0	$0
ERIC SOUMERLAND	VICE PRESIDENT	000.25	Officer Director	$0	$0	$0
LAURA TILLEY	SECRETARY	001.00	Officer Director	$0	$0	$0
JOE LEHMAN	MEMBER	000.25	Officer Director	$0	$0	$0
CHARLES WEDENHOEFER	MEMBER	000.25	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	$81,286	$51,766	$536,637	$29,520
2023	$80,586	$66,849	$507,117	$13,737

BANGS ECONOMIC DEVELOPMENT CORPORATION INC