ECONOMIC DEVELOPMENT PROPERTIES INC (EIN 611105122) - 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

1986

Legal Domicile

Principal Officer

CLAUDE BACON

Phone

2709261860

Tax Period

2023-07-01 to 2024-06-30

ECONOMIC DEVELOPMENT PROPERTIES INC, founded in 1986, is a micro nonprofit in the Community Improvement sector that reported $32K in total revenue in fiscal year 2023. The organization ran a surplus of $11K, a strong 33% operating margin.

Mission

TO MANAGE PROPERTIES OWNED BY THE CITY, COUNTY, AND INDUSTRIAL FOUNDATION

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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 $0

Investment Income $0

Other Revenue $31,949

TOTAL REVENUE $31,949

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $16,564

Other Expenses $21,417

TOTAL EXPENSES $21,417

Year-over-Year Comparison

	2023	2022	Change
Revenue	$31,949	$-65,096	-1.5%
Expenses	$21,417	N/A	N/A
Net Income	$10,532	$-65,096	-1.2%

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

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
NATE PAGAN	DIRECTOR	1.00	Director	$0	$0	$0
JANIE MARKSBERRY	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT MCCAIN	DIRECTOR	1.00	Director	$0	$0	$0
CLAUDE BACON	PRESIDENT/CEO	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
2025	No data	No data	No data	No data
2024	$31,949	$21,417	$40,334	$10,532
2023	$31,804	$131,275	$30,369	$-99,471
2022	$32,275	$44,319	$125,767	$-12,044
2021	$34,730	$58,748	$137,211	$-24,018
2020	$-1,097,455	$61,767	$134,856	$-1,159,222
2019	$41,344	$90,385	$1,298,981	$-49,041
2018	$41,353	$73,577	$1,344,158	$-32,224

ECONOMIC DEVELOPMENT PROPERTIES INC