ECONOMIC DEVELOPMENT CORPORATION OF WESLACO (EIN 742588704) - 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

1990

Legal Domicile

Phone

9569690838

Tax Period

2022-10-01 to 2023-09-30

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.

Mission

THE ECONOMIC DEVELOPMENT CORPORATION'S PRIMARY PURPOSE IS TO ENHANCE ECONOMIC AND INDUSTRIAL ACTIVITIES FOR THE CITY OF WESLACO.ITS MOST SIGNIFICANT ACTIVITIES ARE IN PROVIDING INCENTIVES TO EXISTING BUSINESSES AND NEW BUSINESSES AND ENHANCING COMMUNITY ASSETS

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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 (2022)

Revenue Breakdown

Contributions & Grants $1,500,000

Program Service Revenue $5,154,115

Investment Income $1,341,024

Other Revenue $564,243

TOTAL REVENUE $8,559,382

Expense Breakdown

Grants Paid $3,086,144

Salaries & Benefits $397,128

Fundraising Expenses $0

Other Expenses $1,019,792

TOTAL EXPENSES $4,503,064

Year-over-Year Comparison

	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%

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

Total Directors

Key Employees

Highest Compensated

reported

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

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	$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

ECONOMIC DEVELOPMENT CORPORATION OF WESLACO