ODESSA INDUSTRIAL DEVELOPMENT CORPORATION (EIN 751320228) - 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

JAMES GOATS

Phone

4323337886

Tax Period

2024-07-01 to 2025-06-30

ODESSA INDUSTRIAL DEVELOPMENT CORPORATION, founded in 1966, is a community nonprofit that reported $2.5M in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion. The organization ran a surplus of $1.1M, a strong 44% operating margin.

Mission

THE ACTIVITIES OF THE ORGANIZATION ARE THE DEVELOPMENT AND SALE OF REAL ESTATE ALONG WITH PROMOTING AND ENCOURAGING THE DEVELOPMENT OF INDUSTRY WITHIN THE PERMIAN BASIN.

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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 $13,000

Program Service Revenue $0

Investment Income $1,385,316

Other Revenue $1,116,389

TOTAL REVENUE $2,514,705

Expense Breakdown

Grants Paid $1,029,104

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $369,254

TOTAL EXPENSES $1,398,358

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,514,705	$2,213,199	+0.1%
Expenses	$1,398,358	$1,926,686	-0.3%
Net Income	$1,116,347	$286,513	+2.9%

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
RENEE EARLS	PRESIDENT	2.00	Officer	$0	$0	$0
Russell Tippin	VICE PRESIDENT	2.00	Officer	$0	$0	$0
TRACY JONES	ASST. SECRETARY	5.00	Officer	$0	$0	$0
Jim Cox	SECRETARY/TREASURER	2.00	Officer	$0	$0	$0
TOM MANSKEY	ECONOMIC DEVELOPMENT DIRECTOR	2.00	Officer	$0	$0	$0
N/A	LAND USE COMMITTEE CHAIR	2.00	Officer	$0	$0	$0
SHEM CULPEPPER	CHAIR	2.00	Officer	$0	$0	$0
KATHI VAUGHN	ECONOMIC DEVELOPMENT SPECIALIST	2.00	Officer	$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	$2,514,705	$1,398,358	$19,439,501	$1,116,347
2024	$2,213,199	$1,926,686	$18,333,897	$286,513
2023	$1,677,957	$426,809	$18,055,476	$1,251,148
2022	$-240,165	$1,980,717	$16,813,244	$-2,220,882
2021	$2,333,766	$1,094,169	$19,133,231	$1,239,597
2020	$1,884,601	$794,546	$17,108,652	$1,090,055
2019	$3,378,284	$742,436	$16,859,482	$2,635,848

ODESSA INDUSTRIAL DEVELOPMENT CORPORATION