FLORESVILLE ECONOMIC DEVELOPMENT CORPORATION

EIN: 742844479

FLORESVILLE, TX

Total Revenue
$1,397,839
Total Expenses
$944,145
Total Assets
$6,091,068
Net Assets
$3,039,442
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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
1997
Legal Domicile
TX
Principal Officer
CHARLOTTE XIMENEZ-NELSON
Phone
8303933965
Tax Period
2023-10-01 to 2024-09-30

FLORESVILLE ECONOMIC DEVELOPMENT CORPORATION, founded in 1997, is a community nonprofit that reported $1.4M in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. The organization ran a surplus of $454K, a strong 32% operating margin.

Mission

THE PROMOTION AND ASSISTANCE IN ECONOMIC DEVELOPMENT IN THE CITY OF FLORESVILLE, WHICH PROMOTES EMPLOYMENT WITHIN THE CITY.

Program Service Accomplishments

Program 1
Expenses: $677,614 Revenue: $1,274,654

DEVELOP, IMPLEMENT, PROMOTE AND FINANCE PROJECTS FOR THE CITY OF FLORESVILLE FOR THE PURPOSE OF ECONOMIC DEVELOPMENT AND TOURISM.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $1,274,654
Investment Income $109,961
Other Revenue $13,224
TOTAL REVENUE $1,397,839

Expense Breakdown

Grants Paid $61,507
Salaries & Benefits $166,984
Fundraising Expenses $0
Program Expenses $677,614
Other Expenses $715,654
TOTAL EXPENSES $944,145

Year-over-Year Comparison

2023 2022 Change
Revenue $1,397,839 $1,263,424 +0.1%
Expenses $944,145 $942,720 +0.0%
Net Income $453,694 $320,704 +0.4%
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

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Governance

Voting Members
7
Independent Members
7
Employees
1
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
0
$0
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
STEPHEN MOORE DIRECTOR 001.00
Director
$0 $0 $0
CHARLOTTE XIMENEZ NELSON ASSISTANT EXECUTIVE DIRECTOR 001.00
Director
$0 $0 $0
DREW POPE DIRECTOR 001.00
Director
$0 $0 $0
RANDY BRUETT DIRECTOR 001.00
Director
$0 $0 $0
ALTON RAY LAMBERTH DIRECTOR 001.00
Director
$0 $0 $0
ANGELA MORALES TURNER DIRECTOR 001.00
Director
$0 $0 $0
BENJAMIN LAMBRETH DIRECTOR 001.00
Director
$0 $0 $0
MICHELLE TACKITT DIRECTOR 001.00
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
2024 $1,397,839 $944,145 $6,091,068 $453,694
2023 $1,263,424 $942,720 $5,879,517 $320,704
2022 $1,324,510 $974,539 $5,898,356 $349,971
2021 $1,047,047 $897,397 $3,608,774 $149,650
2020 $937,237 $818,431 $3,653,554 $118,806
2019 $902,168 $817,578 $4,007,646 $84,590
2018 $853,933 $465,417 $4,246,327 $388,516
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