WEATHERFORD-PARKER COUNTY ECONOMIC (EIN 751285935) - 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

Legal Domicile

Principal Officer

WAYNE GARRETT

Phone

8175506750

Tax Period

2023-01-01 to 2023-12-31

WEATHERFORD-PARKER COUNTY ECONOMIC is a micro nonprofit that reported $12K in total revenue in fiscal year 2023. Revenue fell 96% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $7K, a strong 59% operating margin.

Mission

TO PROVIDE NEW JOBS AND TAX BASE FOR THE CITY OF WEATHERFORD AND PARKER COUNTY THROUGH THE MARKETING OF INDUSTRIAL SITES AND THE ATTRACTION AND RETENTION OF INDUSTRIAL PROSPECTS.

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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 $0

Investment Income $12,263

Other Revenue $0

TOTAL REVENUE $12,263

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $5,077

TOTAL EXPENSES $5,077

Year-over-Year Comparison

	2023	2022	Change
Revenue	$12,263	$287,493	-1.0%
Expenses	$5,077	$28,905	-0.8%
Net Income	$7,186	$258,588	-1.0%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRENT BAKER	2ND VP	1.00	Officer Director	$0	$0	$0
JIM DUNCAN	BOARD MEMBER	2.00	Director	$0	$0	$0
WAYNE GARRETT	PRESIDENT	3.00	Officer Director	$0	$0	$0
SHARON HAYES	TREASURER	2.00	Officer Director	$0	$0	$0
DENNIS HOOKS	BOARD MEMBER	1.00	Director	$0	$0	$0
WADE JULIAN	1ST VP	2.00	Officer Director	$0	$0	$0
KIRK MARTIN	BOARD MEMBER	1.00	Director	$0	$0	$0
JJ WILLIAMS	BOARD MEMBER	1.00	Director	$0	$0	$0
SABRINA WILLIAMS	BOARD MEMBER	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	No data	No data	No data	No data
2023	$12,263	$5,077	$1,955,618	$7,186
2022	$287,493	$28,905	$1,924,820	$258,588
2021	$1,107	$42,234	$2,166,926	$-41,127
2020	$910,230	$4,214	$2,291,429	$906,016
2019	$14,584	$4,288	$790,804	$10,296
2018	$12,872	$3,377	$760,947	$9,495

WEATHERFORD-PARKER COUNTY ECONOMIC