EAST TEXAS REGIONAL DEVELOPMENT CO… - Form 990 Financial Data

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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

1983

Legal Domicile

Principal Officer

ALAN GRANTHAM

Phone

9032186411

Tax Period

2023-10-01 to 2024-09-30

EAST TEXAS REGIONAL DEVELOPMENT COMPANY INC, founded in 1983, is a small nonprofit that reported $150K in total revenue in fiscal year 2023. Revenue fell 31% from the prior year — a significant decline worth monitoring. Expenses of $282K exceeded revenue, resulting in a 89% operating deficit.

Mission

OUR MISSION IS TO PROMOTE AND ASSIST WITH THE ECONOMIC DEVELOPMENT OF EAST TEXAS THROUGH SMALL BUSINESS LENDING. OUR PRIMARY LENDING PROGRAM IS THE SBA 504 SMALL BUSINESS LOAN.

Program Service Accomplishments

Program 1

Expenses: $282,417 Revenue: $145,777

ETRDC RECEIVES LOAN REQUESTS SUBMITTED BY SMALL BUSINESSES FOR SBA 504 LOANS AND CHAPMAN LOANS. THE LOANS HELP CREATE OR RETAIN FULL-TIME PERMANENT EMPLOYMENT IN THE AREA.

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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 $145,777

Investment Income $4,001

Other Revenue $0

TOTAL REVENUE $149,778

Expense Breakdown

Grants Paid $0

Salaries & Benefits $100,054

Fundraising Expenses $0

Program Expenses $282,417

Other Expenses $182,363

TOTAL EXPENSES $282,417

Year-over-Year Comparison

	2023	2022	Change
Revenue	$149,778	$217,235	-0.3%
Expenses	$282,417	$158,698	+0.8%
Net Income	$-132,639	$58,537	-3.3%

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

$82,074

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MR HUNTER HILBURN	DIRECTOR	1.00	Director	$0	$0	$0
MR LUKE KIMBROUGH	DIRECTOR	1.00	Director	$0	$0	$0
MS LISA DENTON	DIRECTOR	1.00	Director	$0	$0	$0
MS DENEA HUDMAN	DIRECTOR	1.00	Director	$0	$0	$0
MR TROY MOORE	DIRECTOR	1.00	Director	$0	$0	$0
MR ALAN GRANTHAM	CHAIRMAN	1.00	Officer Director	$0	$0	$0
MS NATALIE LYNCH	SECRETARY	1.00	Officer Director	$0	$0	$0
MR CHUCK VANDERBILT	REGIONAL LENDING MANAGER (THRU 12/31/23)	40.00	Officer	$0	$1,785	$74,965
MS KIMBERLEY MORALES	REGIONAL LENDING MANAGER (AS OF 11/1/23)	40.00	Officer	$0	$0	$7,109

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	$149,778	$282,417	$227,527	$-132,639
2023	$217,235	$158,698	$135,900	$58,537

EAST TEXAS REGIONAL DEVELOPMENT COMPANY INC