TEXAS PANHANDLE REGIONAL DEVELOPMENT CORPORATION (EIN 751834030) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1982

Legal Domicile

Principal Officer

DOUG NELSON

Phone

8063796411

Tax Period

2023-10-01 to 2024-09-30

TEXAS PANHANDLE REGIONAL DEVELOPMENT CORPORATION, founded in 1982, is a small nonprofit that reported $340K in total revenue in fiscal year 2023. The organization ran a surplus of $117K, a strong 34% operating margin.

Mission

THIS CORPORATION IS ORGANIZED FOR THE PRIMARY PURPOSE AND OBJECTIVE OF FURTHERING THE ECONOMIC DEVELOPMENT AND SOCIAL WELFARE OF THE STATE OF TEXAS, WITH A PRIMARY FOCUS ON ARMSTRONG, BRISCOE, CARSON, CASTRO, CHILDRESS, COLLINGSWORTH, DALLAM, DEAF SMITH, DONLEY, GRAY, HALL, HANSFORD, HARTLEY, HEMPHILL, HUTCHINSON, LIPSCOMB, MOORE, OCHILTREE, OLDHAM, PARMER, POTTER, RANDALL, ROBERTS, SHERMAN, SWISHER, AND WHEELER COUNTIES, AND THEIR ENVIRONS BY PROMOTING AND ASSISTING THE GROWTH AND DEVELOPMENT OF BUSINESS CONCERNS, INCLUDING SMALL BUSINESS CONCERNS, IN SUCH AREA. THE PRINCIPAL OBJECTIVES OF THE CORPORATION SHALL BE TO BENEFIT THE COMMUNITY BY FOSTERING THE INCREASED EMPLOYMENT OPPORTUNITIES AND EXPANSION OF BUSINESS AND INDUSTRY FOR THE CITIZENS OF THE AREA. MONETARY PROFITS OR OTHER BENEFITS TO MEMBERS MUST BE MERELY INCIDENTAL THERETO. THE FINANCIAL PROGRAM, EXCEPT THOSE PERMITTED UNDER TITLE V OF THE SMALL BUSINESS CORPORATION, SHALL NOT PARTICIPATE IN ANY OTHER SBA.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $205,503

Investment Income $134,959

Other Revenue $0

TOTAL REVENUE $340,462

Expense Breakdown

Grants Paid $0

Salaries & Benefits $186,700

Fundraising Expenses $0

Program Expenses $168,231

Other Expenses $37,028

TOTAL EXPENSES $223,728

Year-over-Year Comparison

	2023	2022	Change
Revenue	$340,462	$315,565	+0.1%
Expenses	$223,728	$224,476	0.0%
Net Income	$116,734	$91,089	+0.3%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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
DOUG NELSON	ADMIN DIRECT	32.00	Officer	$0	$0	$0
CASEY POSEY	PRESIDENT	1.00	Officer Director	$0	$0	$0
ROXANNE GRABBE	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
DEVIN SAVAGE	SECRETARY	1.00	Officer Director	$0	$0	$0
JONATHAN TRAVES	TREASURER	1.00	Officer Director	$0	$0	$0
PARESH BHAKTA	DIRECTOR	1.00	Director	$0	$0	$0
WARREN CORNELIUS	DIRECTOR	1.00	Director	$0	$0	$0
AMY FESSER	DIRECTOR	1.00	Director	$0	$0	$0
COLBY WATERS	DIRECTOR	1.00	Director	$0	$0	$0
WES WRIGHT	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	$340,462	$223,728	$2,925,089	$116,734
2023	$315,565	$224,476	$2,818,553	$91,089
2022	$270,564	$223,134	$2,750,669	$47,430
2021	$258,048	$205,584	$2,679,705	$52,464
2020	$279,129	$204,083	$2,627,740	$75,046
2019	$310,104	$174,761	$2,553,870	$135,343
2018	$303,571	$184,779	$2,417,048	$118,792

TEXAS PANHANDLE REGIONAL DEVELOPMENT CORPORATION