RURAL SOUTH TEXAS ECONOMIC DEVELOPMENT CORP

EIN: 742500117 501(c)(3)

RIVIERA, TX

Total Revenue
$101,245
Total Expenses
$118,731
Total Assets
$76,678
Net Assets
$76,678
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2010
Legal Domicile
TX
Principal Officer
CRYSTAL R GARCIA
Phone
3616646541
Tax Period
2023-01-01 to 2023-12-31

RURAL SOUTH TEXAS ECONOMIC DEVELOPMENT CORP, founded in 2010, is a small nonprofit that reported $101K in total revenue in fiscal year 2023. Revenue decreased 11% compared to the prior year. Expenses of $119K exceeded revenue, resulting in a 17% operating deficit.

Mission

TO TRAIN LOCAL YOUTH FOR VARIOUS ASPECTS OF THE WORKFORCE INCLUDING MEDICAL AND CONSTRUCTION EDUCATION THROUGH JOINT EFFORTS WITH SURROUNDING COUNTIES, SCHOOLS AND ORGANIZATIONS

Program Service Accomplishments

Program 1
Expenses: $90,891 Revenue: $101,245

TRAINING LOCAL YOUTH IN VARIOUS ASPECTS OF WORKFORCE INCLUDING MEDICAL, CONSTRUCTION AND OTHER AREAS WORKING WITH SURROUNDING COUNTIES, SCHOOLS AND OTHER ORGANIZATIONS

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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 (2023)

Revenue Breakdown

Contributions & Grants $99,090
Program Service Revenue $1,990
Investment Income $165
Other Revenue $0
TOTAL REVENUE $101,245

Expense Breakdown

Grants Paid $0
Salaries & Benefits $96,776
Fundraising Expenses $0
Program Expenses $90,891
Other Expenses $21,955
TOTAL EXPENSES $118,731

Year-over-Year Comparison

2023 2022 Change
Revenue $101,245 $114,010 -0.1%
Expenses $118,731 $108,663 +0.1%
Net Income $-17,486 $5,347 -4.3%
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

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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
10
Independent Members
10
Employees
26
Volunteers
10

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
0
$0
Total Directors
11
$77,913
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ROBERT HOWARD EXEC DIRECTOR 20.00
Director
$22,913 $0 $22,913
CRYSTAL R GARCIA DIRECTOR 40.00
Director
$55,000 $0 $55,000
MAURO GARCIA CHAIRMAN 5.00
Director
$0 $0 $0
LAVOYGER DURHAM VICE-CHAIRMAN 1.00
Director
$0 $0 $0
SUSAN KIBBIE SECRETARY 1.00
Director
$0 $0 $0
CARSON GATES TREASURER 1.00
Director
$0 $0 $0
JUSTIN ZELAYA MEMBER 1.00
Director
$0 $0 $0
SYLVIA CHAVEZ MEMBER 1.00
Director
$0 $0 $0
RAUL M RAMIREZ MEMBER 1.00
Director
$0 $0 $0
ANDY GARZA MEMBER 1.00
Director
$0 $0 $0
ROBIN BORGLUM KENNEDY ADVISORY MEMBER 1.00
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
2024 No data No data No data No data
2023 $101,245 $118,731 $76,678 $-17,486
2022 $114,010 $108,663 $94,164 $5,347
2021 $110,015 $86,853 $88,817 $23,162
2020 $44,025 $104,176 $65,655 $-60,151
2019 $60,227 $117,817 $125,700 $-57,590
2018 $59,708 $317,209 $196,057 $-257,501
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