Odessa Economic Development Company (EIN 263069254) - 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

2008

Legal Domicile

Principal Officer

BRIAN K SMITH

Phone

8162304512

Tax Period

2023-01-01 to 2023-12-31

Odessa Economic Development Company, founded in 2008, is a micro nonprofit in the Human Services sector that reported $42K in total revenue in fiscal year 2023. The organization ran a surplus of $25K, a strong 59% operating margin.

Mission

To attract new business to Odessa and create employment opportunities

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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 $0

Investment Income $0

Other Revenue $42,211

TOTAL REVENUE $42,211

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $17,515

TOTAL EXPENSES $17,515

Year-over-Year Comparison

	2023	2022	Change
Revenue	$42,211	$43,275	0.0%
Expenses	$17,515	$21,692	-0.2%
Net Income	$24,696	$21,583	+0.1%

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

N/A

Independent Members

N/A

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
BRIAN K SMITH	President	N/A	Officer	$0	$0	$0
DANIEL R COBB	Secretary	N/A	Officer	$0	$0	$0
CHARLES G JONES	Treasurer	N/A	Officer	$0	$0	$0
BRENT DOWELL	vice President	N/A	Officer	$0	$0	$0
JESSE STEVER	director	N/A	Officer	$0	$0	$0
LARRY SHUTT	director	N/A	Officer	$0	$0	$0
TRACY DYER	director	N/A	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	No data	No data	No data	No data
2023	$42,211	$17,515	$708,550	$24,696
2022	$43,275	$21,692	$671,336	$21,583
2018	$51,200	$13,595	$536,073	$37,605

Odessa Economic Development Company