ECONOMIC DEVELOP CORP OF THREE RIV… - Form 990 Financial Data

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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

1995

Legal Domicile

Phone

3617862528

Tax Period

2024-01-01 to 2024-12-31

ECONOMIC DEVELOP CORP OF THREE RIVERS, founded in 1995, is a micro nonprofit in the Community Improvement sector that reported $27K in total revenue in fiscal year 2024.

Mission

ECONOMIC DEVELOPMENT OF THREE RIVERS

Program Service Accomplishments

Program 1

Expenses: $40,038 Revenue: $5,038

TO OFFER LOW INTEREST LOANS FOR ECONOMIC DEVELOPMENT OF THE CITY OF THREE RIVERS, TX.

Program 2

TO PROMOTE DEVELOPMENT OF THE CITY BY LEASING REAL ESTATE TO COMMUNITY BUSINESSES.

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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 $9,678

Program Service Revenue $5,038

Investment Income $690

Other Revenue $-41,946

TOTAL REVENUE $-26,540

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $40,038

Other Expenses $40,038

TOTAL EXPENSES $40,038

Year-over-Year Comparison

	2024	2023	Change
Revenue	$-26,540	$-2,499	+9.6%
Expenses	$40,038	$16,688	+1.4%
Net Income	$-66,578	$-19,187	+2.5%

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

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
JIM HUFF	Chairman	1.00	Director	$0	$0	$0
ANDREW AMARO	Director	0.00	Director	$0	$0	$0
SALLY RODRIGUEZ	Director	0.00	Director	$0	$0	$0
GILDA RAMIREZ	Director	0.00	Director	$0	$0	$0
DORA CRUZ	Treasurer	0.50	Director	$0	$0	$0
PATSY ROBERTS	Director	0.50	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	$-26,540	$40,038	$675,828	$-66,578
2023	$-2,499	$16,688	$742,408	$-19,187
2022	$-2,491	$18,784	$761,595	$-21,275
2021	$-8,626	$18,240	$782,869	$-26,866
2020	$-32,388	$12,540	$809,738	$-44,928
2019	$-56,800	$17,753	$854,665	$-74,553
2018	$-17,406	$18,958	$963,884	$-36,364

ECONOMIC DEVELOP CORP OF THREE RIVERS