AUSTIN, TX
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)TEXAS ECONOMIC DEVELOPMENT CORPORATION, founded in 1991, is a community nonprofit in the Community Improvement sector that reported $3.8M in total revenue in fiscal year 2024. Revenue fell 36% from the prior year — a significant decline worth monitoring. Expenses of $4.6M exceeded revenue, resulting in a 21% operating deficit.
THE TEXAS ECONOMIC DEVELOPMENT CORPORATION, TXEDC, WAS ESTABLISHED TO MARKET AND PROMOTE TEXAS AS A PREMIER BUSINESS STATE; AND TO FACILITATE THE LOCATION, EXPANSION, AND RETENTION OF DOMESTIC AND INTERNATIONAL BUSINESS INVESTMENT IN THE STATE. TXEDC IS FUNDED THROUGH PRIVATE CONTRIBUTIONS BY BUSINESSES, ORGANIZATIONS AND INDIVIDUALS INTERESTED IN THE PROMOTION OF BUSINESS, ECONOMIC DEVELOPMENT, AND JOB CREATION IN THE STATE OF TEXAS.
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)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $3,771,185 | $5,923,992 | -0.4% |
| Expenses | $4,563,859 | $3,085,195 | +0.5% |
| Net Income | $-792,674 | $2,838,797 | -1.3% |
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 |
|---|---|---|---|---|---|---|
| ADRIAN CANNADY | BOARD TREASURER | 0.00 |
Director
|
$0 | $0 | $0 |
| ADRIANA CRUZ | EX-OFFICIO BOARD MEMBER | 0.00 |
Director
|
$0 | $0 | $0 |
| ARUN AGARWAL | BOARD CHAIR | 0.00 |
Director
|
$0 | $0 | $0 |
| EDUARDO MARGAIN | BOARD MEMBER | 0.00 |
Director
|
$0 | $0 | $0 |
| GEORGE HENDERSON III | BOARD MEMBER | 0.00 |
Director
|
$0 | $0 | $0 |
| KATIE FARMER | BOARD MEMBER | 0.00 |
Director
|
$0 | $0 | $0 |
| L FREDRICK FRANCIS | BOARD MEMBER | 0.00 |
Director
|
$0 | $0 | $0 |
| PETER J HOLT | BOARD MEMBER | 0.00 |
Director
|
$0 | $0 | $0 |
| S DAVID DEANDA | BOARD VICE CHAIR | 0.00 |
Director
|
$0 | $0 | $0 |
| ELIZABETH KILLINGER | BOARD SECRETARY | 0.00 |
Director
|
$0 | $0 | $0 |
| AARON DEMERSON | PRESIDENT & CEO | 40.00 |
Officer
|
$520,521 | $18,279 | $538,800 |
| VALERIE SEGOVIA | VICE PRESIDENT OF INVESTOR RELATIONS | 40.00 |
Officer
|
$92,273 | $2,550 | $94,823 |
| DALE ROBERTSON | VICE PRESIDENT OF BUSINESS DEVELOPMENT | 40.00 |
Officer
|
$135,267 | $7,700 | $142,967 |
| WALTER BUCHHOLTZ | DIR. OF OPERATIONS | 40.00 |
Highest
|
$195,988 | $10,478 | $206,466 |
| BONNIE DOWNS | DIRECTOR OF COMMUNICATIONS | 40.00 |
Highest
|
$109,926 | $8,037 | $117,963 |
| EMILY LAWLEY | DIRECTOR OF EVENTS | 40.00 |
Highest
|
$112,409 | $3,791 | $116,200 |
| CHRISTIN EVANS | VICE PRESIDENT OF EXTERNAL(FORMER) | 40.00 |
|
$177,981 | $3,940 | $181,921 |
| MICHAEL CHROBAK | EXECUTIVE VP(FORMER) | 40.00 |
|
$262,684 | $8,623 | $271,307 |
| VERONICA BEYER | DIRECTOR OF MARKETING & CO(FORMER) | 40.00 |
|
$165,701 | $7,979 | $173,680 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $3,771,185 | $4,563,859 | $8,821,031 | $-792,674 |
| 2023 | $5,923,992 | $3,085,195 | $9,847,471 | $2,838,797 |
| 2022 | $3,628,909 | $3,740,053 | $7,644,414 | $-111,144 |
| 2021 | $3,364,971 | $2,418,556 | $6,772,310 | $946,415 |
| 2020 | $3,149,563 | $2,353,939 | $5,891,636 | $795,624 |
| 2019 | $4,166,661 | $2,801,670 | $5,117,866 | $1,364,991 |
| 2018 | $3,468,071 | $2,195,135 | $3,679,410 | $1,272,936 |
Compare TEXAS ECONOMIC DEVELOPMENT CORPORATION with other nonprofits in Texas and across the country.