FORT WORTH LOCAL DEVELOPMENT CORPO… - 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

1987

Legal Domicile

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.

Program Service Accomplishments

Program 1

Expenses: $1,737,205 Revenue: $4,000

LDC FUNDED PROJECTS FOR CAMP BOWIE BOULEVARD FROM UNIVERSITY DRIVE TO MONTGOMERY STREET FOR $1,600,000 AND SANDMAN-HOTEL EXPLOSION - BUSINESS DISASTER RECOVERY GRANT FOR $137,205.10. REVENUE...

LDC FUNDED PROJECTS FOR CAMP BOWIE BOULEVARD FROM UNIVERSITY DRIVE TO MONTGOMERY STREET FOR $1,600,000 AND SANDMAN-HOTEL EXPLOSION - BUSINESS DISASTER RECOVERY GRANT FOR $137,205.10. REVENUE $25,016.34 GAS LEASE ROYALTIES, $4,000.00 PROGRAM SERVICE, AND $338,268.68 INTEREST/INVESTMENT.

Program 2

Expenses: $409,513

MARKETING AND RESEARCH TOTALLING $409,513 FOR THE YEAR. COVERS SCHAEFER ADVERTISING CO., BRAVER TOGETHER TARRANT AND JOHN SON PRESS EXPENDITURES.

Program 3

Expenses: $90,000

URBAN MAIN STREET PILOT PROGRAM TOTALING $90,000 GIVEN TO SOUTHEAST FORT WORTH INC AND FORT WORTH HISPANIC CHAMBER OF COMMERCE IN AGREEMENT FOR THE MAIN STREET PILOT PROGRAM GRANT. PILOT PROGRAM TO SUPPORT COMMUNITY ECONOMIC DEVELOPLMENT AND COMMERCIAL DISTRICT REVITALIZATION EFFORTS IN TWO CORRIDORS OF THE CITY OF FORT WORTH.

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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 $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

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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

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

$279,901

Total Directors

$279,015

Key Employees

Highest Compensated

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

FORT WORTH LOCAL DEVELOPMENT CORPORATION