Edinburg Economic Development Corporation (EIN 742609452) - 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

Principal Officer

Raudel Garza

Phone

9563888207

Tax Period

2023-10-01 to 2024-09-30

Edinburg Economic Development Corporation, founded in 1990, is a mid-sized nonprofit that reported $12.0M in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $18.6M exceeded revenue, resulting in a 55% operating deficit.

Mission

To promote Economic Development of Edinburg, Texas.

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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 $0

Program Service Revenue $9,482,866

Investment Income $1,684,997

Other Revenue $801,048

TOTAL REVENUE $11,968,911

Expense Breakdown

Grants Paid $0

Salaries & Benefits $544,369

Fundraising Expenses $0

Program Expenses $18,321,231

Other Expenses $18,063,722

TOTAL EXPENSES $18,608,091

Year-over-Year Comparison

	2023	2022	Change
Revenue	$11,968,911	$10,737,776	+0.1%
Expenses	$18,608,091	$4,240,085	+3.4%
Net Income	$-6,639,180	$6,497,691	-2.0%

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

$170,506

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Raudel Garza	Executive Director	N/A	Key Emp	$170,506	$0	$170,506
Veronica Gonzales	President	N/A	Director	$0	$0	$0
Raul Resendez	Vice President	N/A	Director	$0	$0	$0
Aaron Rivera	Secretary	N/A	Director	$0	$0	$0
Eddie Garza	Treasurer	N/A	Director	$0	$0	$0
Daniel Diaz	Member	N/A	Director	$0	$0	$0
Sabrina Walker Hernandez	Member	N/A	Director	$0	$0	$0
Richard Gonzales	Member	N/A	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
2024	$11,968,911	$18,608,091	$55,039,151	$-6,639,180
2023	$10,737,776	$4,240,085	$57,356,778	$6,497,691
2022	$9,281,124	$6,849,295	$53,293,991	$2,431,829
2021	$9,281,578	$5,273,428	$67,135,031	$4,008,150
2020	$8,091,628	$6,871,929	$40,118,721	$1,219,699
2019	$6,138,102	$4,137,701	$41,462,445	$2,000,401
2018	$6,568,294	$3,778,761	$29,710,863	$2,789,533

Edinburg Economic Development Corporation