BERTRAM ECONOMIC DEVELOPMENT CORPO… - Form 990 Financial Data

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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

2002

Legal Domicile

Principal Officer

CY INGHAM

Phone

5123507436

Tax Period

2024-10-01 to 2025-09-30

BERTRAM ECONOMIC DEVELOPMENT CORPORATION, founded in 2002, is a small nonprofit in the Community Improvement sector that reported $206K in total revenue in fiscal year 2024. The organization ran a surplus of $122K, a strong 60% operating margin.

Mission

THE ORGANIZATION WAS CREATED BY THE CITY OF BERTRAM, TEXAS IN ORDER TO FUND THE ECONOMIC DEVELOPMENT PROJECTS WITHIN THE CITY. THESE PROJECTS INCLUDE QUALITY OF LIFE IMPROVEMENTS AS WELL AS PROJECTS INTENDED TO ATTRACT AND RETAIN PRIMARY EMPLOYERS FOR THE CITY OF BERTRAM.

Program Service Accomplishments

Program 1

Expenses: $36,700

BUSINESS GRANTS

Program 2

Expenses: $40,969

CITY OF BERTRAM CAPITAL PROJECTS

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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 (2024)

Revenue Breakdown

Contributions & Grants $177,113

Program Service Revenue $0

Investment Income $28,403

Other Revenue $0

TOTAL REVENUE $205,516

Expense Breakdown

Grants Paid $36,700

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $77,669

Other Expenses $46,425

TOTAL EXPENSES $83,125

Year-over-Year Comparison

	2024	2023	Change
Revenue	$205,516	$193,284	+0.1%
Expenses	$83,125	$58,527	+0.4%
Net Income	$122,391	$134,757	-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

Independent Members

Employees

N/A

Volunteers

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
KATY DUKE	PRESIDENT	2.00	Officer Director	$0	$0	$0
EVAN MILLIORN	VICE-PRESIDENT	1.00	Officer Director	$0	$0	$0
C Y INGHAM	TREASURER	1.00	Officer Director	$0	$0	$0
RACHEL PARKS	DIRECTOR	1.00	Director	$0	$0	$0
JAMES CLARK	DIRECTOR	1.00	Director	$0	$0	$0
DEANNE FISHER	DIRECTOR	1.00	Director	$0	$0	$0
LELAND RAIFORD	ALTERNATE	1.00	Director	$0	$0	$0
JAMES PREDMORE	DIRECTOR	1.00	Director	$0	$0	$0
GEORGINA HERNANDEZ	ALTERNATE/SECRETARY	1.00	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	$205,516	$83,125	$929,239	$122,391
2024	$193,284	$58,527	$806,848	$134,757
2023	$161,471	$40,097	$672,092	$121,374
2022	$172,868	$32,744	$547,398	$140,124
2021	$104,711	$13,348	$407,274	$91,363
2020	$92,624	$62,498	$315,911	$30,126
2019	$72,748	$21,413	$285,785	$51,335

BERTRAM ECONOMIC DEVELOPMENT CORPORATION