MARBLE FALLS ECONOMIC DEVELOPMENT CORPORATION (EIN 742637990) - 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

2007

Legal Domicile

Principal Officer

STEVE REITZ

Phone

8307987075

Tax Period

2023-10-01 to 2024-09-30

MARBLE FALLS ECONOMIC DEVELOPMENT CORPORATION, founded in 2007, is a community nonprofit that reported $4.7M in total revenue in fiscal year 2023. The organization ran a surplus of $2.5M, a strong 53% operating margin.

Mission

TO ATTRACT AND SUPPORT BUSINESS AND ECONOMIC DEVELOPMENT IN THE MARBLE FALLS AREA.

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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 $3,692,465

Investment Income $967,088

Other Revenue $51,746

TOTAL REVENUE $4,711,299

Expense Breakdown

Grants Paid $691,448

Salaries & Benefits $341,377

Fundraising Expenses $0

Other Expenses $1,187,601

TOTAL EXPENSES $2,220,426

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,711,299	$4,619,622	+0.0%
Expenses	$2,220,426	$1,878,466	+0.2%
Net Income	$2,490,873	$2,741,156	-0.1%

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

$197,536

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEVE REITZ	PRESIDENT	4.00	Officer Director	$0	$0	$0
MARK MAYFIELD	VICE PRESIDENT	4.00	Officer Director	$0	$0	$0
CHRISTINA MCDONALD CITY SECRETARY	SECRETARY	4.00	Officer Director	$0	$0	$0
JEFF LAZENBY DIRECTOR OF FINANCE	TREASURER 4/7/21 TO PRESEN	4.00	Director	$0	$0	$0
DAVE RHODES	DIRECTOR 5/21/24 TO PRESENT	2.00	Director	$0	$0	$0
DEE HADDOCK	DIRECTOR 6/6/23 TO 5/21/24	2.00	Director	$0	$0	$0
LINDSAY PLANTE	DIRECTOR	2.00	Director	$0	$0	$0
JUDY MILLER	DIRECTOR	2.00	Director	$0	$0	$0
JOHN PACKER	DIRECTOR	2.00	Director	$0	$0	$0
RYAN NASH	DIRECTOR	2.00	Director	$0	$0	$0
CHRISTIAN FLETCHER	EXECUTIVE DIRECTOR	40.00	Officer	$161,441	$36,095	$197,536

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	$4,711,299	$2,220,426	$36,567,573	$2,490,873
2023	$4,619,622	$1,878,466	$33,823,548	$2,741,156
2022	$6,358,572	$2,058,522	$32,285,301	$4,300,050
2021	$3,625,669	$2,098,041	$20,873,582	$1,527,628
2020	$2,974,936	$2,541,577	$19,985,747	$433,359
2019	$2,686,008	$1,499,940	$20,188,752	$1,186,068

MARBLE FALLS ECONOMIC DEVELOPMENT CORPORATION