LAMPASAS ECONOMIC DEVELOPMENT CORPORATION (EIN 742934571) - 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

1998

Legal Domicile

Principal Officer

DEORALD FINNEY

Phone

5125566831

Tax Period

2024-10-01 to 2025-09-30

LAMPASAS ECONOMIC DEVELOPMENT CORPORATION, founded in 1998, is a small nonprofit in the Recreation & Sports sector that reported $556K in total revenue in fiscal year 2024. The organization ran a surplus of $185K, a strong 33% operating margin.

Mission

TO PROMOTE ECONOMIC DEVELOPMENT WITHIN THE CITY OF LAMPASAS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $52,109

Other Revenue $504,198

TOTAL REVENUE $556,307

Expense Breakdown

Grants Paid $17,975

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $371,676

Other Expenses $353,701

TOTAL EXPENSES $371,676

Year-over-Year Comparison

	2024	2023	Change
Revenue	$556,307	$552,727	+0.0%
Expenses	$371,676	$391,011	0.0%
Net Income	$184,631	$161,716	+0.1%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DEORALD FINNEY	PRESIDENT	2.00	Officer Director	$0	$0	$0
MICHAEL GILL	SECRETARY/TREASURER	2.00	Officer Director	$0	$0	$0
FIN ERWIN	VICE PRESIDENT	2.50	Officer Director	$0	$0	$0
DERRICK DEWALD	MEMBER	2.00	Director	$0	$0	$0
CHARLEY KENNINGTON	MEMBER	2.00	Director	$0	$0	$0
TONJA GEBERT	MEMBER	2.00	Director	$0	$0	$0
MICHAEL IRVIN	MEMBER	2.00	Director	$0	$0	$0
BOBBY CARROLL	EX OFFICIO	1.00	Director	$0	$0	$0
RANDY MORRIS	EX-OFFICIO	1.00	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
2025	$556,307	$371,676	$4,447,622	$184,631
2024	$552,727	$391,011	$4,556,110	$161,716
2023	$534,327	$309,896	$4,511,159	$224,431
2022	$474,613	$241,107	$5,287,121	$233,506
2021	$526,647	$190,727	$2,728,330	$335,920
2020	$355,540	$329,320	$2,502,341	$26,220
2019	$328,807	$235,156	$2,586,355	$93,651
2018	$309,746	$221,086	$2,600,344	$88,660

LAMPASAS ECONOMIC DEVELOPMENT CORPORATION