SOUTH PLAINS ECONOMIC DEVELOPMENT … - 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

1990

Legal Domicile

Principal Officer

KELLY CRISWELL

Phone

8067628721

Tax Period

2023-10-01 to 2024-09-30

SOUTH PLAINS ECONOMIC DEVELOPMENT DISTRICT, founded in 1990, is a small nonprofit that reported $118K in total revenue in fiscal year 2023. Revenue fell 40% from the prior year — a significant decline worth monitoring.

Mission

TO ASSIST AND COORDINATE ECONOMIC PLANNING EFFORTS OF STATE AND LOCAL GOVERNMENTS AND LOCAL ECONOMIC DEVELOPMENT ORGANIZATIONS.

Program Service Accomplishments

Program 1

ASSISTING AND COORDINATING ECONOMIC PLANNING EFFORTS OF STATE AND LOCAL GOVERNMENTS AND LOCAL ECONOMIC DEVELOPMENT ORGANIZATIONS.

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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 $118,333

Program Service Revenue $0

Investment Income $94

Other Revenue $0

TOTAL REVENUE $118,427

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $118,427

TOTAL EXPENSES $118,427

Year-over-Year Comparison

	2023	2022	Change
Revenue	$118,427	$196,614	-0.4%
Expenses	$118,427	$196,614	-0.4%
Net Income	$0	$0	N/A

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

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

$15,370

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MIKE BRADDOCK	CHAIR	0.50	Officer Director	$0	$0	$0
JUSTIN BALDERAS	VICE PRESIDENT	0.50	Officer Director	$0	$0	$0
CARLA HOLLAND	SECRETARY	0.50	Officer Director	$0	$0	$0
KEVIN BRENDLE	DIRECTOR	0.50	Director	$0	$0	$0
TAYSHA WILLIAMS	DIRECTOR	0.50	Director	$0	$0	$0
KRISTI ADAY	DIRECTOR	0.50	Director	$0	$0	$0
DANNY SOLIZ	DIRECTOR	0.50	Director	$0	$0	$0
DUANE DANIEL	DIRECTOR	0.50	Director	$0	$0	$0
RYAN CROWE	DIRECTOR	0.50	Director	$0	$0	$0
RAMON SANCHEZ	DIRECTOR	0.50	Director	$0	$0	$0
DAVID RUSHING	DIRECTOR	0.50	Director	$0	$0	$0
J RHETT PARKER	DIRECTOR	0.50	Director	$0	$0	$0
JAY WARNICK	DIRECTOR	0.50	Director	$0	$0	$0
TIM C PIERCE	EXECUTIVE DIRECTOR	0.50	Officer	$0	$0	$15,370

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	$118,427	$118,427	$53,040	No data
2023	$196,614	$196,614	$44,290	No data
2022	$244,255	$244,255	$152,600	No data

SOUTH PLAINS ECONOMIC DEVELOPMENT DISTRICT