KILLEEN ECONOMIC DEVELOPMENT

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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

Principal Officer

KELLY BROWN

Phone

2545269551

Tax Period

2024-10-01 to 2025-09-30

KILLEEN ECONOMIC DEVELOPMENT, founded in 1990, is a community nonprofit that reported $1.5M in total revenue in fiscal year 2024. Revenue decreased 12% compared to the prior year. Net assets of $9.6M represent 75 months of operating reserves.

Mission

TO PROMOTE ECONOMIC DEVELOPMENT IN THE COMMUNITY BY EXPANDNG EXISTING BUSINESSES AND ATTRACTING NEW BUSINESSES.

Program Service Accomplishments

Program 1

Expenses: $1,531,081

TO PROVIDE MATCHING SCHOLARSHIP FUNDS GENERATED IN THE COMMUNITY AND TO BE USED FOR ECONOMIC DEVELOPMENT INCENTIVES FOR PROSPECTIVE BUSINESSES

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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 (2024)

Revenue Breakdown

Contributions & Grants $885,000

Program Service Revenue $450,040

Investment Income $203,986

Other Revenue $0

TOTAL REVENUE $1,539,026

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,531,081

Other Expenses $1,531,081

TOTAL EXPENSES $1,531,081

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,539,026	$1,739,263	-0.1%
Expenses	$1,531,081	$1,479,458	+0.0%
Net Income	$7,945	$259,805	-1.0%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
CURT GAINES	KIF REP	Director	$0	$0	$0
NINA COBB	SECRETARY	Officer Director	$0	$0	$0
ANTHONY KENDRICK	CITY REP	Director	$0	$0	$0
DEBBIE NASH-KING	CITY REP	Director	$0	$0	$0
JOSE GUZMAN	VICE PRESIDENT	Officer Director	$0	$0	$0
SCOTT COSPER	CHAMBER REP	Director	$0	$0	$0
TODD FOX	TREASURER	Officer Director	$0	$0	$0
AMY MILSAP	CHAMBER REP	Director	$0	$0	$0
KELLY BROWN	PRESIDENT	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
2025	$1,539,026	$1,531,081	$12,268,156	$7,945
2024	$1,739,263	$1,479,458	$13,387,201	$259,805
2023	$2,552,550	$1,688,514	$9,564,725	$864,036
2022	$1,343,814	$1,366,487	$9,505,741	$-22,673
2021	$2,118,011	$2,646,569	$9,819,595	$-528,558
2020	$1,055,205	$1,148,373	$10,270,015	$-93,168
2019	$1,118,558	$1,608,058	$10,430,175	$-489,500
2018	$1,226,636	$1,171,116	$10,728,638	$55,520