ROTAN ECONOMIC DEVELOPMENT CORPORA… - 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

1991

Legal Domicile

Phone

3257352224

Tax Period

2023-10-01 to 2024-09-30

ROTAN ECONOMIC DEVELOPMENT CORPORATION, founded in 1991, is a small nonprofit in the Community Improvement sector that reported $149K in total revenue in fiscal year 2023. Revenue fell 52% from the prior year — a significant decline worth monitoring. Net assets of $1.3M represent 104 months of operating reserves.

Mission

PROMOTE, ASSIST AND ENHANCE ECONOMIC DEVELOPMENT IN THE CITY OF ROTAN, TEXAS

Program Service Accomplishments

Program 1

PROMOTE, ASSIST AND ENHANCE ECONOMIC DEVELOPMENT IN THE CITY OF ROTAN, TEXAS

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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 $67,954

Investment Income $-43,483

Other Revenue $124,209

TOTAL REVENUE $148,680

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $144,321

TOTAL EXPENSES $144,321

Year-over-Year Comparison

	2023	2022	Change
Revenue	$148,680	$308,144	-0.5%
Expenses	$144,321	$48,440	+2.0%
Net Income	$4,359	$259,704	-1.0%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
GEORGE REYES	President & CEO	Director	$0	$0	$0
LOYD GREENE	Director	Director	$0	$0	$0
taylor mullins	Director	Director	$0	$0	$0
VICK BURK	Director	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	$148,680	$144,321	$1,294,577	$4,359
2023	$308,144	$48,440	$1,290,218	$259,704
2022	$95,627	$59,626	$1,030,514	$36,001
2021	$91,452	$42,713	$995,346	$48,739
2020	$89,154	$87,395	$945,774	$1,759
2019	$80,110	$30,119	$944,015	$49,991
2018	$77,534	$37,140	$894,024	$40,394

ROTAN ECONOMIC DEVELOPMENT CORPORATION