SOUTH HOUSTON ECONOMIC DEVELOPMENT CORP (EIN 500020007) - 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

2005

Principal Officer

JUDY PAREDEZ

Tax Period

2023-10-01 to 2024-09-30

SOUTH HOUSTON ECONOMIC DEVELOPMENT CORP, founded in 2005, is a community nonprofit in the Community Improvement sector that reported $1.3M in total revenue in fiscal year 2023. The organization ran a surplus of $291K, a strong 22% operating margin.

Mission

TO ASSIST AND FUND CITY SERVICE IMPROVEMENT PROJECTS AND TO ENHANCE ECONOMIC DEVELOPMENT IN THE CITY OF SOUTH HOUSTON, TEXAS.

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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 $1,310,700

Investment Income $23,644

Other Revenue $4,250

TOTAL REVENUE $1,338,594

Expense Breakdown

Grants Paid $0

Salaries & Benefits $227,866

Fundraising Expenses $0

Program Expenses $698,282

Other Expenses $819,646

TOTAL EXPENSES $1,047,512

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,338,594	$1,280,909	+0.0%
Expenses	$1,047,512	$1,072,455	0.0%
Net Income	$291,082	$208,454	+0.4%

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

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

$5,580

Total Directors

$5,580

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DIANA GONZALEZ	SECRETARY/TR	5.00	Officer Director	$5,580	$0	$5,580
FRANCES GONZALEZ	BOARD MEMBER	2.00	Director	$0	$0	$0
ALMA ALANIS	VICE CHAIRMA	2.00	Director	$0	$0	$0
JUDY PAREDEZ	CHAIRMAN	2.00	Officer Director	$0	$0	$0
THERESA BRYANT	BOARD MEMBER	2.00	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	$1,338,594	$1,047,512	$1,575,371	$291,082
2023	$1,280,909	$1,072,455	$1,406,231	$208,454
2022	$1,189,998	$1,168,487	$1,182,737	$21,511
2021	$1,043,870	$861,112	$1,065,473	$182,758
2020	$990,442	$1,217,995	$855,321	$-227,553
2019	$936,645	$1,135,431	$1,080,353	$-198,786
2018	$927,597	$681,408	$1,191,712	$246,189

SOUTH HOUSTON ECONOMIC DEVELOPMENT CORP