BASTROP ECONOMIC DEVELOPMENT CORP (EIN 742760534) - 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

1995

Legal Domicile

Principal Officer

KEVIN PLUNKETT

Phone

5123039700

Tax Period

2017-10-01 to 2018-09-30

BASTROP ECONOMIC DEVELOPMENT CORP, founded in 1995, is a community nonprofit in the Community Improvement sector that reported $2.6M in total revenue in fiscal year 2017. Revenue grew 11% year-over-year, indicating healthy expansion. The organization ran a surplus of $1.1M, a strong 42% operating margin.

Mission

TO ENHANCE THE QUALITY OF LIFE IN BASTROP BY PROVIDING THE APPROPRIATE INFRASTRUCTURE AS REQUIRED. THE BASTROP EDC WILL PROMOTE AND ASSIST ECONOMIC DEVELOPMENT WHICH WILL PROVIDE OUR RESIDENTS MEANINGFUL AND REWARDING EMPLOYMENT OPPORTUNITIES AND GREATER ACCESS TO DESIRABLE GOODS AND SERVICES.

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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 (2017)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $77,078

Other Revenue $2,547,819

TOTAL REVENUE $2,624,897

Expense Breakdown

Grants Paid $501,672

Salaries & Benefits $293,212

Fundraising Expenses $0

Program Expenses $1,517,716

Other Expenses $722,832

TOTAL EXPENSES $1,517,716

Year-over-Year Comparison

	2017	2016	Change
Revenue	$2,624,897	$2,362,188	+0.1%
Expenses	$1,517,716	$1,424,572	+0.1%
Net Income	$1,107,181	$937,616	+0.2%

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

$219,644

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KATHERYN NASH	MEMBER-CHAIRMAN	1.00	Officer Director	$0	$0	$0
KEVIN PLUNKETT	MEMBER-VICE CHAIRMAN	1.00	Director	$0	$0	$0
SAM KIER	MEMBER-SEC/TREAS	1.00	Director	$0	$0	$0
CONNIE SCHROEDER	MEMBER	1.00	Director	$0	$0	$0
PAT CRAWFORD	MEMBER	1.00	Director	$0	$0	$0
RON SPENCER	MEMBER	1.00	Director	$0	$0	$0
JEFF HALADYNA	MEMBER	1.00	Director	$0	$0	$0
ANGELA RYAN	EXECUTIVE ASSISTANT	40.00	Officer	$67,580	$16,350	$83,930
SHAWN KIRKPATRICK	EXECUTIVE DIRECTOR	40.00	Officer	$114,039	$21,675	$135,714
MICHAEL KAMERLANDER	EXECUTIVE DIRECTOR	40.00	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
2018	$2,624,897	$1,517,716	$8,339,578	$1,107,181

BASTROP ECONOMIC DEVELOPMENT CORP