TAYLOR ECONOMIC DEVELOPMENT CORP (EIN 742719298) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1994

Legal Domicile

Principal Officer

KELLY CMEREK

Phone

5123524321

Tax Period

2022-10-01 to 2023-09-30

TAYLOR ECONOMIC DEVELOPMENT CORP, founded in 1994, is a community nonprofit in the Community Improvement sector that reported $6.4M in total revenue in fiscal year 2022. Revenue surged 168% from the prior year, signaling strong growth momentum. The organization ran a surplus of $5.2M, a strong 81% operating margin.

Mission

TO PROMOTE AND FACILITATE THE ECONOMIC DEVELOPMENT OF THE CITY OF TAYLOR, TX

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $6,213,568

Investment Income $190,881

Other Revenue $0

TOTAL REVENUE $6,404,449

Expense Breakdown

Grants Paid $0

Salaries & Benefits $360,239

Fundraising Expenses $0

Program Expenses $535,864

Other Expenses $844,744

TOTAL EXPENSES $1,204,983

Year-over-Year Comparison

	2022	2021	Change
Revenue	$6,404,449	$2,390,669	+1.7%
Expenses	$1,204,983	$749,393	+0.6%
Net Income	$5,199,466	$1,641,276	+2.2%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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
JOE BURGESS	2ND VICE CHA	N/A	Director	$0	$0	$0
KELLY CMEREK	TREASURER	N/A	Director	$0	$0	$0
BETTY DAY	CHAIR	N/A	Officer Director	$0	$0	$0
RACHEL WESTERMAN	SECRETARY	N/A	Officer Director	$0	$0	$0
BEN WILLIS	1ST VICE CHA	N/A	Officer Director	$0	$0	$0
BEN WHITE	PRESIDENT/CE	N/A	Officer	$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	No data	No data	No data	No data
2023	$6,404,449	$1,204,983	$11,619,815	$5,199,466
2022	$2,390,669	$749,393	$6,023,409	$1,641,276
2021	$1,631,858	$894,072	$4,365,551	$737,786
2020	$1,275,413	$867,126	$3,557,404	$408,287
2019	$2,478,359	$684,326	$3,107,424	$1,794,033
2018	$1,079,863	$997,130	$4,197,629	$82,733

TAYLOR ECONOMIC DEVELOPMENT CORP