BERTRAM ECONOMIC DEVELOPMENT CORPORATION (EIN 331019490) - 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

2002

Legal Domicile

Principal Officer

KATY DUKE

Phone

5123507436

Tax Period

2023-10-01 to 2024-09-30

BERTRAM ECONOMIC DEVELOPMENT CORPORATION, founded in 2002, is a small nonprofit in the Community Improvement sector that reported $193K in total revenue in fiscal year 2023. Revenue grew 20% year-over-year, indicating healthy expansion. The organization ran a surplus of $135K, a strong 70% 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.

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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 $166,361

Program Service Revenue $0

Investment Income $26,923

Other Revenue $0

TOTAL REVENUE $193,284

Expense Breakdown

Grants Paid $2,123

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $51,470

Other Expenses $56,404

TOTAL EXPENSES $58,527

Year-over-Year Comparison

	2023	2022	Change
Revenue	$193,284	$161,471	+0.2%
Expenses	$58,527	$40,098	+0.5%
Net Income	$134,757	$121,373	+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
LORI RINGSTAFF	PRESIDENT	1.00	Officer Director	$0	$0	$0
EVAN MILLIORN	VICE-PRESIDENT	1.00	Officer Director	$0	$0	$0
KATY DUKE	TREASURER/SECRETARY	1.00	Officer Director	$0	$0	$0
RACHEL PARKS	DIRECTOR	1.00	Director	$0	$0	$0
JIM CLARKE	DIRECTOR	1.00	Director	$0	$0	$0
AMIE EGBERT	DIRECTOR	1.00	Director	$0	$0	$0
ANN BROCK	ALTERNATE DIRECTOR	1.00	Director	$0	$0	$0
DEANNE FISHER	DIRECTOR	1.00	Director	$0	$0	$0
JAMES PREDMORE	ALTERNATE DIRECTOR	1.00	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
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