THE WOODLANDS AREA ECONOMIC DEVELOPMENT PARTNERSHIP

EIN: 474960672 Community Improvement

THE WOODLANDS, TX

Total Revenue
$1,067,736
Total Expenses
$1,157,853
Total Assets
$1,043,199
Net Assets
$711,946
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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
2015
Legal Domicile
TX
Principal Officer
JEVON GIBB
Phone
2813638133
Tax Period
2024-09-01 to 2025-08-31

THE WOODLANDS AREA ECONOMIC DEVELOPMENT PARTNERSHIP, founded in 2015, is a community nonprofit in the Community Improvement sector that reported $1.1M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

THE MISSION OF THE WOODLANDS AREA ECONOMIC DEVELOPMENT PARTNERSHIP (EDP) IS TO WORK ON DEALS AND INITIATIVES, RECRUITING NEW COMPANIES THAT ENJOY BECOMING PART OF THE WOODLANDS AREA COMMUNITY, WHILE SOLVING ISSUES AND SEIZING OPPORTUNITIES THAT CATALYZE ECONOMIC DEVELOPMENT.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $776,283
Program Service Revenue $270,750
Investment Income $20,703
Other Revenue $0
TOTAL REVENUE $1,067,736

Expense Breakdown

Grants Paid $0
Salaries & Benefits $527,698
Fundraising Expenses $0
Program Expenses $606,226
Other Expenses $630,155
TOTAL EXPENSES $1,157,853

Year-over-Year Comparison

2024 2023 Change
Revenue $1,067,736 $980,257 +0.1%
Expenses $1,157,853 $1,007,563 +0.1%
Net Income $-90,117 $-27,306 +2.3%
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

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Liquidity & Cash Position

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Governance

Voting Members
31
Independent Members
31
Employees
4
Volunteers
28

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
7
$266,577
Total Directors
31
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JIM PARISI IMMEDIATE PAST CHAIR 2.50
Officer Director
$0 $0 $0
WHITNEY WALL CHAIRMAN 2.50
Officer Director
$0 $0 $0
DAN MICHALK VICE CHAIRMAN 2.50
Officer Director
$0 $0 $0
SHANE FRUGE TREASURER 2.50
Officer Director
$0 $0 $0
BRET STRONG SECRETARY 2.50
Officer Director
$0 $0 $0
BRAD BAILEY BOARD MEMBER 1.50
Director
$0 $0 $0
ERNEST L PEEPLES BOARD MEMBER 1.50
Director
$0 $0 $0
JENNY VALCARCE BOARD MEMBER 1.50
Director
$0 $0 $0
JOHN SAXON BOARD MEMBER 1.50
Director
$0 $0 $0
JUSTIN KENDRICK BOARD MEMBER 1.50
Director
$0 $0 $0
MAYOR JOHN ESCOTO BOARD MEMBER 1.50
Director
$0 $0 $0
MONIQUE SHARP BOARD MEMBER 1.50
Director
$0 $0 $0
ROB EISSLER BOARD MEMBER 1.50
Director
$0 $0 $0
SARAH MCCLURE BOARD MEMBER 1.50
Director
$0 $0 $0
JORDAN ABSHIER BOARD MEMBER 1.50
Director
$0 $0 $0
CHRISTIN ALLPHIN BOARD MEMBER 1.50
Director
$0 $0 $0
DAVID BERNARD BOARD MEMBER 1.50
Director
$0 $0 $0
MATTHEW BETHEA BOARD MEMBER 1.50
Director
$0 $0 $0
AARON COX BOARD MEMBER 1.50
Director
$0 $0 $0
MICHAEL ELLIS BOARD MEMBER 1.50
Director
$0 $0 $0
CLIFF FAVORS BOARD MEMBER 1.50
Director
$0 $0 $0
KYLE MATHIS BOARD MEMBER 1.50
Director
$0 $0 $0
LINDA NELSON BOARD MEMBER 1.50
Director
$0 $0 $0
DE' REESE REID HARD BOARD MEMBER 1.50
Director
$0 $0 $0
CRYSTAL SLED BOARD MEMBER 1.50
Director
$0 $0 $0
CASEY STEELE BOARD MEMBER 1.50
Director
$0 $0 $0
RITCH WHEELER BOARD MEMBER 1.50
Director
$0 $0 $0
CHRIS WEHE BOARD MEMBER 1.50
Director
$0 $0 $0
CRYSTAL SLED BOARD MEMBER 1.50
Director
$0 $0 $0
MEGAN ALARID BOARD MEMBER 1.50
Director
$0 $0 $0
MICHELLE LITTLE BOARD MEMBER 1.50
Director
$0 $0 $0
JEVON GIBB CHIEF EXECUTIVE OFFICER (BEGINNING 01/13/2025) 40.00
Officer
$0 $0 $0
GIL STALEY CHIEF EXECUTIVE OFFICER (UNTIL 01/13/2025) 40.00
Officer
$240,607 $25,970 $266,577
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 $1,067,736 $1,157,853 $1,043,199 $-90,117
2024 $980,257 $1,007,563 $1,174,239 $-27,306
2023 $1,042,423 $1,005,522 $1,268,664 $36,901
2022 $986,371 $984,428 $856,743 $1,943
2021 $958,135 $901,877 $857,671 $56,258
2020 $1,183,811 $904,587 $796,083 $279,224
2019 $887,373 $914,233 $699,682 $-26,860
2018 $915,940 $926,351 $703,309 $-10,411
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