FLORESVILLE ECONOMIC DEVELOPMENT CORPORATION (EIN 742844479) - 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

1997

Legal Domicile

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

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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 $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

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
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

FLORESVILLE ECONOMIC DEVELOPMENT CORPORATION