Altus-Southwest Area Economic Development Corporation (EIN 731383156) - 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

1990

Legal Domicile

Principal Officer

Rodger Kerr

Phone

5804820211

Tax Period

2022-07-01 to 2023-06-30

Altus-Southwest Area Economic Development Corporation, founded in 1990, is a small nonprofit that reported $561K in total revenue in fiscal year 2022. Revenue grew 19% year-over-year, indicating healthy expansion. Expenses of $720K exceeded revenue, resulting in a 28% operating deficit.

Mission

To provide businesses, individuals, and organizations with information and assistance in starting a business in the Altus, Oklahoma area.

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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 (2022)

Revenue Breakdown

Contributions & Grants $551,201

Program Service Revenue $0

Investment Income $9,413

Other Revenue $0

TOTAL REVENUE $560,614

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $720,273

TOTAL EXPENSES $720,273

Year-over-Year Comparison

	2022	2021	Change
Revenue	$560,614	$473,016	+0.2%
Expenses	$720,273	$443,103	+0.6%
Net Income	$-159,659	$29,913	-6.3%

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

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	Role	Reportable Comp	Other Comp	Total
Rodger Kerr	Director	Officer	$0	$0	$0
Steve Alison	President	Officer	$0	$0	$0
Charles Dobbs	Vice President	Officer	$0	$0	$0
Dale Latham	Treasurer	Officer	$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
2023	$560,614	$720,273	No data	$-159,659
2022	$473,016	$443,103	$686,932	$29,913
2021	$502,506	$479,689	$667,019	$22,817
2020	$553,949	$509,686	$634,205	$44,263

Altus-Southwest Area Economic Development Corporation