TEMPLE ECONOMIC DEVELOPMENT CORPORATION (EIN 742504998) - 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

1988

Legal Domicile

Principal Officer

ADRIAN CANNADY

Phone

2547738332

Tax Period

2023-10-01 to 2024-09-30

TEMPLE ECONOMIC DEVELOPMENT CORPORATION, founded in 1988, is a mid-sized nonprofit that reported $17.6M in total revenue in fiscal year 2023. Revenue surged 467% from the prior year, signaling strong growth momentum. The organization ran a surplus of $11.0M, a strong 63% operating margin.

Mission

ECONOMIC DEVELOPMENT AND JOB CREATION

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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 $13,083,295

Program Service Revenue $0

Investment Income $497,191

Other Revenue $4,025,288

TOTAL REVENUE $17,605,774

Expense Breakdown

Grants Paid $0

Salaries & Benefits $781,844

Fundraising Expenses $0

Other Expenses $5,802,779

TOTAL EXPENSES $6,584,623

Year-over-Year Comparison

	2023	2022	Change
Revenue	$17,605,774	$3,102,496	+4.7%
Expenses	$6,584,623	$2,228,248	+2.0%
Net Income	$11,021,151	$874,248	+11.6%

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

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

$373,550

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JESSICA WALKER	DIRECTOR	0.00	Director	$0	$0	$0
BOB BROWDER	RZ CHAIR	0.00	Officer Director	$0	$0	$0
TIM DAVIS	DIRECTOR	0.00	Director	$0	$0	$0
BO HARVEY	DIRECTOR	0.00	Director	$0	$0	$0
MICHAEL NORMAN	DIRECTOR	0.00	Director	$0	$0	$0
GARY SCHMIDT	EX-OFFICIO	0.00	Officer Director	$0	$0	$0
BRIAN REINHARDT	DIRECTOR	0.00	Director	$0	$0	$0
BLAKE PITTS	DIRECTOR	0.00	Director	$0	$0	$0
SCOTT SNELL	DIRECTOR	0.00	Director	$0	$0	$0
JOHN HOWE	CHAIRMAN	0.00	Officer Director	$0	$0	$0
BRYAN DANIEL	DIRECTOR	0.00	Director	$0	$0	$0
PERRY CLOUD	DIRECTOR	0.00	Director	$0	$0	$0
BRYNN MYERS	DIRECTOR	0.00	Director	$0	$0	$0
TONY HALE	DIRECTOR	0.00	Director	$0	$0	$0
DAVID NIX	TREASURER/SEC	0.00	Officer Director	$0	$0	$0
TYLER JOHNSON	VICE CHAIRMAN	0.00	Officer Director	$0	$0	$0
ADRIAN CANNADY	PRESIDENT	40.00	Officer	$373,550	$0	$373,550

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	No data	No data	No data	No data
2024	$17,605,774	$6,584,623	$65,371,828	$11,021,151
2023	$3,102,496	$2,228,248	$54,673,490	$874,248
2022	$25,893,208	$2,548,428	$53,020,825	$23,344,780
2021	$13,667,778	$1,785,507	$26,806,679	$11,882,271
2020	$2,334,645	$1,643,289	$14,839,942	$691,356
2019	$2,771,995	$3,075,097	$14,219,047	$-303,102
2018	$2,907,161	$2,980,986	$14,853,305	$-73,825

TEMPLE ECONOMIC DEVELOPMENT CORPORATION