SOUTH TEXAS ECONOMIC DEVELOPMENT CORPORATION INC (EIN 742785599) - 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

1996

Legal Domicile

Principal Officer

ANDREA ROLDAN

Phone

9569693024

Tax Period

2022-01-01 to 2022-12-31

SOUTH TEXAS ECONOMIC DEVELOPMENT CORPORATION INC, founded in 1996, is a small nonprofit in the Housing & Shelter sector that reported $254K in total revenue in fiscal year 2022. Revenue surged 35% from the prior year, signaling strong growth momentum. The organization ran a surplus of $57K, a strong 23% operating margin.

Mission

SOUTH TEXAS ECONOMIC DEVELOPMENT CORPORATIONS PRIMARY PURPOSE IS TO DEVELOPE AFFORDABLE HOUSING FOR LOW TO MODERATE INCOME FAMILIES.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $34

Other Revenue $253,519

TOTAL REVENUE $253,553

Expense Breakdown

Grants Paid $0

Salaries & Benefits $41,758

Fundraising Expenses $0

Program Expenses $174,514

Other Expenses $154,732

TOTAL EXPENSES $196,490

Year-over-Year Comparison

	2022	2021	Change
Revenue	$253,553	$187,952	+0.3%
Expenses	$196,490	$458,333	-0.6%
Net Income	$57,063	$-270,381	-1.2%

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

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
OSCAR RAMIREZ	DIRECTOR	2	Director	$0	$0	$0
JORGE J RODRIGUEZ	DIRECTOR	2	Director	$0	$0	$0
ROLANDO GUERRA	SECRETARY	2	Officer Director	$0	$0	$0
DANIEL A GUZMAN	VICE PRESIDENT	2	Director	$0	$0	$0
JOSE F PEREZ	PRESIDENT	2	Officer 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
2022	$253,553	$196,490	$1,621,849	$57,063
2021	$187,952	$458,333	$1,572,116	$-270,381
2020	$262,339	$236,567	$1,742,964	$25,772

SOUTH TEXAS ECONOMIC DEVELOPMENT CORPORATION INC