HENDERSON ECONOMIC DEVELOPMENT CORP (EIN 752504486) - Form 990 Financial Analysis & Trantor Score

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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

1992

Legal Domicile

Principal Officer

JOHN CLARY

Phone

9033920447

Tax Period

2022-10-01 to 2023-09-30

HENDERSON ECONOMIC DEVELOPMENT CORP, founded in 1992, is a community nonprofit that reported $2.8M in total revenue in fiscal year 2022. Revenue surged 34% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.2M, a strong 79% operating margin.

Mission

PROMOTE ECONOMIC GROWTH AND CREATION OF JOBS

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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 (2022)

Revenue Breakdown

Contributions & Grants $2,274,947

Program Service Revenue $0

Investment Income $507,039

Other Revenue $12,800

TOTAL REVENUE $2,794,786

Expense Breakdown

Grants Paid $72,378

Salaries & Benefits $268,990

Fundraising Expenses $0

Other Expenses $232,910

TOTAL EXPENSES $574,278

Year-over-Year Comparison

	2022	2021	Change
Revenue	$2,794,786	$2,093,285	+0.3%
Expenses	$574,278	$682,497	-0.2%
Net Income	$2,220,508	$1,410,788	+0.6%

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

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN CLARY	EXEC DIRECTOR	40.00	Key Emp	$0	$0	$0
WF GARMON III	PRESIDENT	3.00	Officer Director	$0	$0	$0
RAYMOND MICHELL	VICE PRESIDENT	3.00	Officer Director	$0	$0	$0
PAUL MORRIS	TREASURER	3.00	Officer Director	$0	$0	$0
JOE SORRELLS	SECRETARY	3.00	Officer Director	$0	$0	$0
NOBLE WELCH	BOARD MEMBER	3.00	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
2023	$2,794,786	$574,278	$14,927,822	$2,220,508
2022	$2,093,285	$682,497	$13,411,728	$1,410,788
2021	$1,739,748	$1,203,793	$11,949,296	$535,955
2020	$1,756,589	$795,605	$10,853,195	$960,984
2019	$1,632,073	$703,598	$9,909,835	$928,475
2018	$1,502,624	$326,867	$9,112,432	$1,175,757

HENDERSON ECONOMIC DEVELOPMENT CORP