ASPERMONT SMALL BUSINESS DEVELOPMENT CENTER (EIN 751218257) - 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

1965

Legal Domicile

Principal Officer

PATTI SEDBERRY

Phone

9409893538

Tax Period

2024-03-01 to 2025-02-28

ASPERMONT SMALL BUSINESS DEVELOPMENT CENTER, founded in 1965, is a community nonprofit in the Human Services sector that reported $3.3M in total revenue in fiscal year 2024. Revenue decreased 11% compared to the prior year.

Mission

THE MISSION OF THE ASPERMONT SMALL BUSINESS DEVELOPMENT CENTER IS TO PROVIDE RURAL PUBLIC TRANSPORTATION, ENERGY ASSISTANCE, AND OTHER ASSISTANCE TO THE PEOPLE IN THE TEXAS COUNTIES OF HASKELL, JONES, KENT, KNOX, STONEWALL, AND THROCKMORTON

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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 $3,165,286

Program Service Revenue $48,089

Investment Income $41,239

Other Revenue $10,262

TOTAL REVENUE $3,264,876

Expense Breakdown

Grants Paid $1,206,416

Salaries & Benefits $1,127,245

Fundraising Expenses $24,280

Program Expenses $2,836,444

Other Expenses $869,361

TOTAL EXPENSES $3,203,022

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,264,876	$3,661,260	-0.1%
Expenses	$3,203,022	$3,257,757	0.0%
Net Income	$61,854	$403,503	-0.8%

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
SUSAN COCKERELL	DIRECTOR	1.00	Director	$0	$0	$0
LAYNE COULTER	DIRECTOR	1.00	Director	$0	$0	$0
BLAYNE DAVIS	DIRECTOR	1.00	Director	$0	$0	$0
DAVID DAVIS	PRESIDENT	1.00	Officer Director	$0	$0	$0
LYNN DODSON	DIRECTOR	1.00	Director	$0	$0	$0
LISA FLOWERS	DIRECTOR	1.00	Director	$0	$0	$0
ALISON GIBSON	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT GRAHAM	DIRECTOR	1.00	Director	$0	$0	$0
MARY HAGLE	DIRECTOR	1.00	Director	$0	$0	$0
CALEB HODGES	DIRECTOR	1.00	Director	$0	$0	$0
CAROLYN HOUGHTON	DIRECTOR	1.00	Director	$0	$0	$0
CARLA MARQUIS	DIRECTOR	1.00	Director	$0	$0	$0
JOHNNY MCCROWN	DIRECTOR	1.00	Director	$0	$0	$0
PAULA MCDUFF	DIRECTOR	1.00	Director	$0	$0	$0
RONNIE MOORHEAD	SECRETARY	1.00	Officer Director	$0	$0	$0
EXA LEE SMITH	DIRECTOR	1.00	Director	$0	$0	$0
DALE SPURGIN	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
MICHELLE STONE	DIRECTOR	1.00	Director	$0	$0	$0
LINDA THAXTON	DIRECTOR	1.00	Director	$0	$0	$0
DON THOMPSON	DIRECTOR	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	$3,264,876	$3,203,022	$2,695,205	$61,854
2024	$3,661,260	$3,257,757	$2,637,741	$403,503
2023	$4,207,952	$4,096,754	$2,232,140	$111,198
2022	$3,182,716	$2,759,403	$2,118,495	$423,313
2021	$2,771,336	$2,791,766	$1,698,182	$-20,430
2020	$2,837,445	$2,323,570	$1,706,511	$513,875
2019	$2,300,601	$2,309,124	$1,205,498	$-8,523

ASPERMONT SMALL BUSINESS DEVELOPMENT CENTER