WESLACO, TX
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)ECONOMIC DEVELOPMENT CORPORATION OF WESLACO, founded in 1990, is a community nonprofit in the Community Improvement sector that reported $8.6M in total revenue in fiscal year 2022. Revenue surged 73% from the prior year, signaling strong growth momentum. The organization ran a surplus of $4.1M, a strong 47% operating margin.
THE ECONOMIC DEVELOPMENT CORPORATION'S PRIMARY PURPOSE IS TO ENHANCE ECONOMIC AND INDUSTRIAL ACTIVITIES FOR THE CITY OF WESLACO. ITS MAIN FOCUS IS IN RETAINING AND EXPANDING EXISTING BUSINESS, AND ATTRACTING NEW BUSINESS AND ENHANCING COMMUNITY ASSETS; WHICH INFUSES NEW DOLLARS INTO THE LOCAL ECONOMY.
ECONOMIC DEVELOPMENT IS THE PURPOSEFUL INTERVENTION BY AN ENTITY TO ENCOURAGE PRIVATE INVESTMENT IN A SPECIFIC LOCATION WHEN IT OTHERWISE MIGHT NOT HAVE BEEN MADE. THAT ENCOURAGEMENT OFTEN REPRESENTS...
ECONOMIC DEVELOPMENT IS THE PURPOSEFUL INTERVENTION BY AN ENTITY TO ENCOURAGE PRIVATE INVESTMENT IN A SPECIFIC LOCATION WHEN IT OTHERWISE MIGHT NOT HAVE BEEN MADE. THAT ENCOURAGEMENT OFTEN REPRESENTS PUBLIC ASSISTANCE WITH A FINANCIAL VALUE AND IS POPULARLY REFERRED TO AS AN INCENTIVE OR INDUCEMENT. EDC PROVIDES LOANS/ GRANTS TO VARIOUS BUSINESSES FOR CREATING OF JOBS THROUGH RECRUITING NEW INDUSTRY AND/OR EXISTING COMPANIES RELOCATING AND/OR EXPANDING.
PROPERTY MANAGEMENT - MAINTENANCE OF INDUSTRIAL PARK BUILDINGS, ROADWAYS, SIGNS AND CITY'S INFRASTRUCTURE MAINTENANCE AND LANDSCAPING, INCLUDING DEPRECIATION EXPENSE OF $148,578
PROMOTION AND DEVELOPMENT: COMMUNITY WORKFORCE TRAINING OF $6,916 AND GENERAL ADVERTISEMENT TO ATTRACT VISITORS TO THE CITY OF WESLACO BUSINESS DISTRICT AND INDUSTRIAL PARK.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2022 | 2021 | Change | |
|---|---|---|---|
| Revenue | $8,559,382 | $4,956,590 | +0.7% |
| Expenses | $4,503,064 | $3,858,999 | +0.2% |
| Net Income | $4,056,318 | $1,097,591 | +2.7% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| STEVEN M VALDEZ | N/A | 40.00 |
|
$96,700 | $0 | $96,700 |
| KRISTOPHER M GARCIA | MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| JOE D OLIVAREZ | MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| JERRY GONZALEZ | President | 2.00 |
Director
|
$0 | $0 | $0 |
| FRED PEREZ | Secretary | 4.00 |
Officer
Director
|
$0 | $0 | $0 |
| JUAN JOSE SERRANO JR | MEMBER | 4.00 |
Officer
Director
|
$0 | $0 | $0 |
| BENITA VALADEZ | Treasurer | 4.00 |
Officer
Director
|
$0 | $0 | $0 |
| SANDRA CHARLTON CPA | Vice President | 4.00 |
Officer
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2023 | $8,559,382 | $4,503,064 | $37,567,810 | $4,056,318 |
| 2022 | $4,956,590 | $3,858,999 | $20,401,639 | $1,097,591 |
| 2021 | $4,628,585 | $2,717,537 | $20,272,081 | $1,911,048 |
| 2020 | $4,379,507 | $2,266,468 | $14,877,035 | $2,113,039 |
| 2019 | $4,110,124 | $2,253,305 | $12,938,711 | $1,856,819 |
| 2018 | $4,778,724 | $1,879,139 | $13,157,905 | $2,899,585 |
Compare ECONOMIC DEVELOPMENT CORPORATION OF WESLACO with other nonprofits in Texas and across the country.