LITTLEFIELD ECONOMIC DEVELOPMENT CORP (EIN 752538151) - 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

1994

Legal Domicile

Phone

8064850021

Tax Period

2022-10-01 to 2023-09-30

LITTLEFIELD ECONOMIC DEVELOPMENT CORP, founded in 1994, is a small nonprofit in the Community Improvement sector that reported $870K in total revenue in fiscal year 2022. The organization ran a surplus of $425K, a strong 49% operating margin.

Mission

THE LITTLEFIELD EDC IS AN ECONOMIC DEVELOPMENT CORPORATION FUNDED THROUGH A SALES TAX COLLECTED BY THE STATE AND PAID TO THE CITY OF LITTLEFIELD. IT IS DESIGNED TO IMPROVE THE ECONOMIC ENVIRONMENT IN AND AROUND THE CITY BY INCENTIVIZING PRIVATE INDUSTRIES TO RELOCATE TO OR EXPAND THEIR OPERATIONS IN THE CITY, RESULTING IN INCREASED EMPLOYMENT. ALLEVIATING UNEMPLOYMENT AND UNDER-EMPLOYMENT IS LEDC'S PRIMARY CHARGE.

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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 $812,348

Program Service Revenue $0

Investment Income $58,079

Other Revenue $0

TOTAL REVENUE $870,427

Expense Breakdown

Grants Paid $336,762

Salaries & Benefits $69,413

Fundraising Expenses $0

Other Expenses $39,101

TOTAL EXPENSES $445,276

Year-over-Year Comparison

	2022	2021	Change
Revenue	$870,427	$860,381	+0.0%
Expenses	$445,276	$700,610	-0.4%
Net Income	$425,151	$159,771	+1.7%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
RONNIE ROGERS	President	Officer Director	$0	$0	$0
CHASE BRYANT	Director	Director	$0	$0	$0
GARY JONES	Treasurer	Officer Director	$0	$0	$0
LORI ZINN	Vice President	Officer Director	$0	$0	$0
GRAHAM HENLEY	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
2023	$870,427	$445,276	$2,133,115	$425,151
2022	$860,381	$700,610	$1,707,964	$159,771
2021	$701,179	$433,434	$1,548,193	$267,745
2020	$671,554	$580,510	$1,280,448	$91,044
2019	$642,254	$399,485	$1,189,404	$242,769
2018	$620,776	$391,240	$946,635	$229,536

LITTLEFIELD ECONOMIC DEVELOPMENT CORP