RURAL SOUTH TEXAS ECONOMIC DEVELOPMENT CORP (EIN 742500117) - 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

2010

Legal Domicile

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

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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 $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

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

Volunteers

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

$77,913

Key Employees

Highest Compensated

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

RURAL SOUTH TEXAS ECONOMIC DEVELOPMENT CORP