CORPUS CHRISTI REGIONAL ECONOMIC DEVELOPMENT CORPORATION

EIN: 742424224

CORPUS CHRISTI, TX

Total Revenue
$1,841,238
Total Expenses
$1,875,686
Total Assets
$1,252,661
Net Assets
$757,888
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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
TX
Principal Officer
AARON BOWMAN
Phone
3618827448
Tax Period
2024-08-01 to 2025-07-31

CORPUS CHRISTI REGIONAL ECONOMIC DEVELOPMENT CORPORATION, founded in 1986, is a community nonprofit that reported $1.8M in total revenue in fiscal year 2024.

Mission

THE MISSION OF THE CCREDC IS TO EXPAND AND ENHANCE THE REGION'S ECONOMIC BASE BY DEVELOPING AND/OR SUPPORTING PROJECTS THAT CREATE PRIMARY JOBS.

Program Service Accomplishments

Program 1

MARKETING AND ATTRACTION - PORTION OF OUR PROGRAM DESIGNED TO EXPAND AND ENHANCE THE REGION'S ECONOMIC BASE BY MARKETING THE AREA TO BUSINESSES AND DEVELOPERS INTERESTED IN RELOCATING OR EXPANDING...

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MARKETING AND ATTRACTION - PORTION OF OUR PROGRAM DESIGNED TO EXPAND AND ENHANCE THE REGION'S ECONOMIC BASE BY MARKETING THE AREA TO BUSINESSES AND DEVELOPERS INTERESTED IN RELOCATING OR EXPANDING CURRENT OR FUTURE OPERATIONS.

Program 2

INVESTOR RELATIONS - DESIGNED TO ENCOURAGE INCREASED DISCRETIONARY CONTRIBUTIONS TO FURTHER THE GOALS AND OBJECTIVES OF OUR ORGANIZATION. CREATED A RESEARCH GROUP TO COLLECT AND PUBLISH USEFUL...

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INVESTOR RELATIONS - DESIGNED TO ENCOURAGE INCREASED DISCRETIONARY CONTRIBUTIONS TO FURTHER THE GOALS AND OBJECTIVES OF OUR ORGANIZATION. CREATED A RESEARCH GROUP TO COLLECT AND PUBLISH USEFUL INFORMATION FOR BUSINESSES CONCERNING CURRENT ISSUES IMPACTING THE ECONOMY. EXAMPLES OF THIS INCLUDED INFORMATION RELATED TO HURRICANE DISASTERS AND THE COVID PANDEMIC. THIS INFORMATION WAS BROADCASTED VIA DIFFERENT TYPES OF MEDIA INCLUDING WEBINARS, ZOOM MEETINGS, PUBLIC SPEAKING EVENTS, EMAILS AND WEBSITE.

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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 $1,840,043
Program Service Revenue $0
Investment Income $1,195
Other Revenue $0
TOTAL REVENUE $1,841,238

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,119,424
Fundraising Expenses $0
Other Expenses $756,262
TOTAL EXPENSES $1,875,686

Year-over-Year Comparison

2024 2023 Change
Revenue $1,841,238 $1,808,194 +0.0%
Expenses $1,875,686 $1,685,592 +0.1%
Net Income $-34,448 $122,602 -1.3%
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

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Governance

Voting Members
19
Independent Members
26
Employees
6
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
6
$287,159
Total Directors
27
$287,159
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DR BRYAN GULLEY CHAIR 1.00
Officer Director
$0 $0 $0
ANNA ALDRIDGE VICE CHAIR 1.00
Officer Director
$0 $0 $0
MARK MEYER TREASURER 1.00
Officer Director
$0 $0 $0
KYLE SHARON SECRETARY 1.00
Officer Director
$0 $0 $0
BART BRASELTON CHAIR BDAC 1.00
Officer Director
$0 $0 $0
TOM YARDLEY DIRECTOR 1.00
Director
$0 $0 $0
DENNIS BLACK DIRECTOR 1.00
Director
$0 $0 $0
MATHEW GUZMAN DIRECTOR 1.00
Director
$0 $0 $0
CHAD COURVILLE DIRECTOR 1.00
Director
$0 $0 $0
PAULETTE GUAJARDO DIRECTOR 1.00
Director
$0 $0 $0
ROLAND BARRERA DIRECTOR 1.00
Director
$0 $0 $0
ROBERT ROCHA DIRECTOR 1.00
Director
$0 $0 $0
GEORGE POLAKIS DIRECTOR 1.00
Director
$0 $0 $0
PETER ZANONI DIRECTOR 1.00
Director
$0 $0 $0
GABE GUERRA DIRECTOR 1.00
Director
$0 $0 $0
KENT BRITTON DIRECTOR 1.00
Director
$0 $0 $0
CATHY SKUROW DIRECTOR 1.00
Director
$0 $0 $0
CONNIE SCOTT DIRECTOR 1.00
Director
$0 $0 $0
LENORA KEAS DIRECTOR 1.00
Director
$0 $0 $0
DR KELLY MILLER DIRECTOR 1.00
Director
$0 $0 $0
DR MICHELLE CAVAZOS DIRECTOR 1.00
Director
$0 $0 $0
DR ROLAND HERNANDEZ DIRECTOR 1.00
Director
$0 $0 $0
AL ARREOLA DIRECTOR 1.00
Director
$0 $0 $0
BROOK KAUFFMAN DIRECTOR 1.00
Director
$0 $0 $0
CURTIS CLARK DIRECTOR 1.00
Director
$0 $0 $0
KEN TREVINO DIRECTOR 1.00
Director
$0 $0 $0
MIKE CULBERTSON PRESIDENT/CEO 40.00
Officer Director
$287,159 $0 $287,159
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 $1,841,238 $1,875,686 $1,252,661 $-34,448
2024 $1,808,194 $1,685,592 $1,233,794 $122,602
2023 $1,859,108 $1,505,910 $1,027,137 $353,198
2022 $1,988,546 $2,035,579 $954,364 $-47,033
2021 $1,809,699 $1,813,771 $926,709 $-4,072
2020 $1,911,645 $1,802,267 $980,912 $109,378
2018 $1,747,949 $1,741,205 $675,961 $6,744
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