TACOLCY ECONOMIC DEVELOPMENT CORPORATION (EIN 592246692) - 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

1982

Legal Domicile

Principal Officer

CAROL GARDNER

Phone

3057573737

Tax Period

2024-01-01 to 2024-12-31

TACOLCY ECONOMIC DEVELOPMENT CORPORATION, founded in 1982, is a community nonprofit in the Community Improvement sector that reported $3.5M in total revenue in fiscal year 2024. Revenue fell 28% from the prior year — a significant decline worth monitoring. Net assets of $48.7M represent 169 months of operating reserves.

Mission

TACOLOCY ECONOMIC DEVELOPMENT CORPORATION WAS FORMED TO DEVELOP LOW-INCOME HOUSING, PROVIDE PROPERTY MANAGEMENT SERVICES, COMMERCIAL DEVELOPMENT AND A JOBS PROGRAM

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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 $7,500

Program Service Revenue $1,872,008

Investment Income $491,462

Other Revenue $1,095,754

TOTAL REVENUE $3,466,724

Expense Breakdown

Grants Paid $0

Salaries & Benefits $941,728

Fundraising Expenses $0

Program Expenses $3,256,166

Other Expenses $2,676,236

TOTAL EXPENSES $3,617,964

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,466,724	$4,826,253	-0.3%
Expenses	$3,617,964	$1,949,571	+0.9%
Net Income	$-151,240	$2,876,682	-1.1%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LUCE LOHIER	CHAIRWOMAN	005.00	Director	$0	$0	$0
LARRY BROWN	TREASURER	005.00	Director	$0	$0	$0
TEDRIC GRIFFIN	BOARD MEMBER	005.00	Director	$0	$0	$0
DEIDRE HUDSON	SECRETARY	005.00	Officer Director	$0	$0	$0
CAROL GARDNER	PRESIDENT	050.00	Officer Key Emp	$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	$3,466,724	$3,617,964	$57,215,886	$-151,240
2023	$4,826,253	$1,949,571	$42,975,709	$2,876,682
2022	$6,042,351	$1,886,862	$39,885,629	$4,155,489
2022	$155,562	$704,131	$39,352,331	$-548,569
2021	$4,600,736	$2,981,626	$39,586,242	$1,619,110

TACOLCY ECONOMIC DEVELOPMENT CORPORATION