NORTHEAST TEXAS ECONOMIC DEVELOPMENT DISTRICT INC (EIN 751251870) - 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

1966

Legal Domicile

Principal Officer

MARY BETH RUDEL

Phone

9038328636

Tax Period

2023-10-01 to 2024-09-30

NORTHEAST TEXAS ECONOMIC DEVELOPMENT DISTRICT INC, founded in 1966, is a small nonprofit in the Community Improvement sector that reported $390K in total revenue in fiscal year 2023. Revenue fell 37% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $62K, a strong 16% operating margin.

Mission

TO PREPARE, DEVELOP, AND ADMINISTER A PROGRAM FOR PLANNING AND DEVELOPMENT IN ORDER TO IMPROVE ECONOMIC CONDITIONS IN THE DISTRICT WITH RESPECT TO UNEMPLOYMENT, UNDER-EMPLOYMENT, AND DISTRESSED ECONOMIC CONDITIONS.

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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 $211,838

Program Service Revenue $161,344

Investment Income $16,455

Other Revenue $0

TOTAL REVENUE $389,637

Expense Breakdown

Grants Paid $0

Salaries & Benefits $168,476

Fundraising Expenses $0

Program Expenses $327,713

Other Expenses $159,237

TOTAL EXPENSES $327,713

Year-over-Year Comparison

	2023	2022	Change
Revenue	$389,637	$615,945	-0.4%
Expenses	$327,713	$470,506	-0.3%
Net Income	$61,924	$145,439	-0.6%

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

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

$322,458

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BOBBY HOWELL	PRESIDENT	1.00	Officer Director	$0	$0	$0
SCOTT NORTON	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
TRAVIS RANSOM	SECRETARY	1.00	Officer Director	$0	$0	$0
SCOTT LEE	TREASURER	1.00	Officer Director	$0	$0	$0
DOUG REEDER	DIRECTOR	1.00	Director	$0	$0	$0
BRANDON BELL	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT NEWSOM	DIRECTOR	1.00	Director	$0	$0	$0
TANNER CRUTCHER	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT BRIDGES	DIRECTOR	1.00	Director	$0	$0	$0
KENT COOPER	DIRECTOR	1.00	Director	$0	$0	$0
ANN RUSHING	DIRECTOR	1.00	Director	$0	$0	$0
JOHN SELLERS	DIRECTOR	1.00	Director	$0	$0	$0
MARC REITER	DIRECTOR	1.00	Director	$0	$0	$0
STAN WYATT	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTOPHER BROWN UNTIL 9823	EXECUTIVE DIRECTOR	40.00	Officer	$0	$12,699	$115,981
MARY BETH RUDEL	EXECUTIVE DIRECTOR	40.00	Officer	$0	$12,920	$114,635
MELINDA TICKLE	FINANCE DIRECTOR	40.00	Officer	$0	$11,992	$91,842

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	$389,637	$327,713	$5,558,124	$61,924
2023	$615,945	$470,506	$5,492,335	$145,439
2022	$435,267	$304,595	$5,352,005	$130,672
2021	$732,327	$281,639	$5,218,990	$450,688
2020	$3,804,914	$138,720	$5,297,466	$3,666,194
2019	$111,292	$44,374	$1,299,082	$66,918
2018	$120,048	$120,091	$1,228,717	$-43

NORTHEAST TEXAS ECONOMIC DEVELOPMENT DISTRICT INC