AZTECA ECONOMIC DEVELOPMENT CORP

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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

1979

Legal Domicile

Principal Officer

JOE PORTER

Phone

8066473406

Tax Period

2024-01-01 to 2024-12-31

AZTECA ECONOMIC DEVELOPMENT CORP, founded in 1979, is a small nonprofit in the Housing & Shelter sector that reported $490K in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $571K exceeded revenue, resulting in a 17% operating deficit.

Mission

TO PROVIDE LOW INCOME HOUSING TO FAMILIES ENGAGED IN AGRICULTURAL EMPLOYMENT IN CASTRO COUNTY TEXAS.

Program Service Accomplishments

Program 1

Expenses: $337,262 Revenue: $332,348

TO PROVIDE LOW INCOME HOUSING FOR APPROXIMATELY 64 FAMILIES ENGAGED IN AGRICULTURAL EMPLOYMENT IN CASTRO COUNTY TEXAS, UNDER SUPERVISION OF USDA DEVELOPEMENT.

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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 $155,282

Program Service Revenue $332,348

Investment Income $2,292

Other Revenue $0

TOTAL REVENUE $489,922

Expense Breakdown

Grants Paid $0

Salaries & Benefits $94,119

Fundraising Expenses $0

Program Expenses $337,262

Other Expenses $477,185

TOTAL EXPENSES $571,304

Year-over-Year Comparison

	2024	2023	Change
Revenue	$489,922	$430,156	+0.1%
Expenses	$571,304	$654,369	-0.1%
Net Income	$-81,382	$-224,213	-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

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

$46,103

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOE PORTER	PRESIDENT	1.00	Officer Director	$0	$0	$0
LINDA AGUERO	SECRETARY	1.00	Officer Director	$0	$0	$0
MARY EWING	TREASURER	1.00	Officer Director	$0	$0	$0
SULEMA MORENO	DIRECTOR	1.00	Director	$0	$0	$0
MARICELA FLORES	MANAGER	40.00	Officer	$41,600	$4,503	$46,103

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	$489,922	$571,304	$4,477,907	$-81,382
2023	$430,156	$654,369	$4,611,299	$-224,213
2022	$440,192	$606,054	$4,833,340	$-165,862
2021	$531,951	$602,484	$4,997,238	$-70,533
2020	$540,298	$594,055	$5,081,958	$-53,757
2019	$515,841	$603,458	$5,196,790	$-87,617
2018	$475,392	$602,933	$5,340,412	$-127,541