KERRVILLE, TX
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)KERRVILLE ECONOMIC DEVELOPMENT CORP, founded in 2009, is a small nonprofit in the Community Improvement sector that reported $557K in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $502K left a modest 10% surplus.
THE PURPOSE OF KEDC IS TO BE A LEADER IN ECONOMIC DEVELOPMENT FOR KERRVILLE, TEXAS BY FACILITATING MEANINGFUL ACTIVITIES THAT PROMOTE GROWTH, RETENTION, AND PROSPERITY. PARTICULAR ATTENTION AND EMPHASIS SHALL BE GIVEN TO SUPPORT THE ECONOMIC, COMMERCIAL, TOURISM, AGRICULTURE, RECREATIONAL, QUALITY OF LIFE, HEALTH CARE, CULTURAL, INDUSTRIAL, RESEARCH, AND EDUCATIONAL INTERESTS OF THE CITY THAT DIRECTLY BROADENS THE TAX BASE.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $557,000 | $503,060 | +0.1% |
| Expenses | $502,357 | $525,558 | 0.0% |
| Net Income | $54,643 | $-22,498 | -3.4% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| DALTON RICE | PRESIDENT | 3.00 |
Officer
Director
|
$0 | $0 | $0 |
| JONATHAN LETZ | VICE PRESIDENT | 3.00 |
Officer
Director
|
$0 | $0 | $0 |
| JULIE DAVIS | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| MIKE WITTLER | TREASURER | 3.00 |
Officer
Director
|
$0 | $0 | $0 |
| BRETT RINGO | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| ROB KELLY | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| JOE HERRING | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| TODD BOCK | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| GREG APPEL | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| MINDY CURRAN | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| CHARLIE L MCILVAIN | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $557,000 | $502,357 | $189,923 | $54,643 |
| 2023 | $503,060 | $525,558 | No data | $-22,498 |
| 2022 | $512,433 | $501,088 | $145,304 | $11,345 |
| 2021 | $358,050 | $468,537 | $77,348 | $-110,487 |
| 2020 | $365,920 | $316,409 | $101,457 | $49,511 |
| 2019 | $213,500 | $273,580 | $86,991 | $-60,080 |
Compare KERRVILLE ECONOMIC DEVELOPMENT CORP with other nonprofits in Texas and across the country.