INDUSTRIAL DEVELOPMENT CORPORATION OF IOWA PARK TEXAS INC (EIN 751244634) - 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

1964

Legal Domicile

Principal Officer

KEN VIA

Phone

9405925441

Tax Period

2024-01-01 to 2024-12-31

INDUSTRIAL DEVELOPMENT CORPORATION OF IOWA PARK TEXAS INC, founded in 1964, is a small nonprofit that reported $418K in total revenue in fiscal year 2024. Revenue surged 1618% from the prior year, signaling strong growth momentum. The organization ran a surplus of $411K, a strong 98% operating margin.

Mission

TO ATTRACT INDUSTRIAL AND RETAIL DEVELOPMENT AND TO CREATE OR RETAIN JOBS WITHIN THE CITY OF IOWA PARK, TEXAS.

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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 $418,002

Other Revenue $0

TOTAL REVENUE $418,002

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $6,981

Other Expenses $6,981

TOTAL EXPENSES $6,981

Year-over-Year Comparison

	2024	2023	Change
Revenue	$418,002	$24,325	+16.2%
Expenses	$6,981	$1,965	+2.6%
Net Income	$411,021	$22,360	+17.4%

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

N/A

Volunteers

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
RANDY CATLIN	PRESIDENT	1.00	Officer Director	$0	$0	$0
KEN VIA	TREASURER	1.00	Officer Director	$0	$0	$0
MIKE PRICE	SECRETARY	1.00	Officer Director	$0	$0	$0
DANA ROSS	DIRECTOR	1.00	Director	$0	$0	$0
JEFF WATTS	DIRECTOR	1.00	Director	$0	$0	$0
JONATHAN CLUBB	DIRECTOR	1.00	Director	$0	$0	$0
RUTH JAMES	DIRECTOR	1.00	Director	$0	$0	$0
SHELBY WOMACK	DIRECTOR	1.00	Director	$0	$0	$0
DAVID OWEN	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
2024	$418,002	$6,981	$999,987	$411,021
2023	$24,325	$1,965	$588,966	$22,360
2022	$2,489	$57,448	$566,606	$-54,959

INDUSTRIAL DEVELOPMENT CORPORATION OF IOWA PARK TEXAS INC