EAST AUSTIN ECONOMIC DEVELOPMENT CORP

EIN: 742508760 501(c)(3) Community Improvement

AUSTIN, TX

Total Revenue
$-64,630
Total Expenses
$42,091
Total Assets
$1,220,089
Net Assets
$379,284
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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
TX
Principal Officer
SHARON VILLEGAS
Phone
5124721472
Tax Period
2023-01-01 to 2023-12-31

EAST AUSTIN ECONOMIC DEVELOPMENT CORP, founded in 1988, is a micro nonprofit in the Community Improvement sector that reported $65K in total revenue in fiscal year 2023.

Mission

Planning and Developing Housing Projects within blighted areas located in economic development zones

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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 $0
Program Service Revenue $0
Investment Income $210
Other Revenue $-64,840
TOTAL REVENUE $-64,630

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $32,580
Other Expenses $42,091
TOTAL EXPENSES $42,091

Year-over-Year Comparison

2023 2022 Change
Revenue $-64,630 $-11,112 +4.8%
Expenses $42,091 $38,453 +0.1%
Net Income $-106,721 $-49,565 +1.2%
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
5
Independent Members
5
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
0
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Lawrence Britton BOD 001.00
Director
$0 $0 $0
Greg Roberson BOD 001.00
Director
$0 $0 $0
Opal Irving BOD 001.00
Director
$0 $0 $0
Gloria Davis BOD 001.00
Director
$0 $0 $0
Ria Griffin BOD 001.00
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
2023 $-64,630 $42,091 $1,220,089 $-106,721
2022 $-11,112 $38,453 $1,322,949 $-49,565
2021 $-25,987 $21,614 $1,387,866 $-47,601
2020 $-26,908 $51,811 $1,448,446 $-78,719
2019 $-19,866 $53,584 $1,535,171 $-73,450
2018 $-3,196 $45,514 $1,659,695 $-48,710
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