FORT WORTH LOCAL DEVELOPMENT CORPORATION

EIN: 752196027 501(c)(3)

FORT WORTH, TX

Total Revenue
$482,939
Total Expenses
$2,787,955
Total Assets
$7,745,642
Net Assets
$7,745,642
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1987
Legal Domicile
TX
Principal Officer
ALAN BLAYLOCK
Phone
8173922606
Tax Period
2023-10-01 to 2024-09-30

FORT WORTH LOCAL DEVELOPMENT CORPORATION, founded in 1987, is a small nonprofit that reported $483K in total revenue in fiscal year 2023. Revenue surged 113% from the prior year, signaling strong growth momentum. Expenses of $2.8M exceeded revenue, resulting in a 477% operating deficit.

Mission

THE ORGANIZATION IS A NON-PROFIT INCORPORATED TO PROMOTE, SPONSOR, AND COORDINATE A WIDE RANGE OF ACTIVITIES CENTERED AROUND JOB CREATION AND ECONOMIC DEVELOPMENT WITHIN THE CITY OF FORT WORTH. UNDER THE TEXAS DEVELOPMENT CORPORATION ACT BY THE AUTHORITY OF THE FORT WORTH CITY COUNCIL.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $4,000
Investment Income $338,269
Other Revenue $140,670
TOTAL REVENUE $482,939

Expense Breakdown

Grants Paid $1,827,205
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $2,290,820
Other Expenses $960,750
TOTAL EXPENSES $2,787,955

Year-over-Year Comparison

2023 2022 Change
Revenue $482,939 $227,239 +1.1%
Expenses $2,787,955 $1,301,570 +1.1%
Net Income $-2,305,016 $-1,074,331 +1.1%
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

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Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
11
Independent Members
N/A
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
3
$279,901
Total Directors
11
$279,015
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MATTIE PARKER TRUSTEE 1.00
Director
$0 $0 $28,995
MICHAEL CRAIN TRUSTEE 1.00
Director
$0 $0 $25,002
CHARLES LAUERSDORF TRUSTEE 1.00
Director
$0 $0 $25,002
JARED WILLIAMS TRUSTEE 1.00
Director
$0 $0 $25,002
MACY HILL TRUSTEE 1.00
Director
$0 $0 $25,002
CHRIS NETTLES TRUSTEE 1.00
Director
$0 $0 $25,002
ELIZABETH BECK TRUSTEE 1.00
Director
$0 $0 $25,002
CARLOS FLORES TRUSTEE 1.00
Director
$0 $0 $25,002
JEANETTE MARTINEZ TRUSTEE 1.00
Director
$0 $0 $25,002
GYNA BIVENS PRESIDENT / CHAIRMAN 1.00
Officer Director
$0 $0 $25,002
ALAN BLAYLOCK VICE PRESIDENT 1.00
Officer Director
$0 $0 $25,002
REGINALD ZENO TREASURER 1.00
Officer
$0 $0 $229,897
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 No data No data No data No data
2024 $482,939 $2,787,955 $7,745,642 $-2,305,016
2023 $227,239 $1,301,570 $9,208,633 $-1,074,331
2022 $121,180 $946,612 $10,319,610 $-825,432
2021 $9,133,213 $2,192,093 $11,302,352 $6,941,120
2020 $1,305,213 $1,359,385 $4,860,035 $-54,172
2019 $1,374,966 $954,876 $5,310,968 $420,090
2018 $9,694,320 $6,653,313 $12,385,047 $3,041,007
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