Commerce Economic Development Corporation (EIN 752559659) - 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

Principal Officer

Bonnie Hunter

Phone

9038861121

Tax Period

2023-10-01 to 2024-09-30

Commerce Economic Development Corporation, founded in 1994, is a community nonprofit that reported $1.0M in total revenue in fiscal year 2023. The organization ran a surplus of $531K, a strong 53% operating margin.

Mission

Promotion of economic development for the city of Commerce, 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 $792,693

Investment Income $207,519

Other Revenue $175

TOTAL REVENUE $1,000,387

Expense Breakdown

Grants Paid $0

Salaries & Benefits $110,248

Fundraising Expenses $0

Other Expenses $358,852

TOTAL EXPENSES $469,100

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,000,387	$1,039,544	0.0%
Expenses	$469,100	$192,112	+1.4%
Net Income	$531,287	$847,432	-0.4%

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

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

$110,248

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Bonnie Hunter	Executive Dir.	40.00	Officer	$110,248	$0	$110,248
Scott Ward	President	2.00	Officer Director	$0	$0	$0
Stan McKee	Director	1.00	Director	$0	$0	$0
Dan Luckett	Director	1.00	Director	$0	$0	$0
CeCe Gassner JD	Director	1.00	Director	$0	$0	$0
Michael Glas	Sec/Treas	1.00	Officer Director	$0	$0	$0
Mandy Freeman	Director	1.00	Director	$0	$0	$0
Joe Shipman	Director	1.00	Director	$0	$0	$0
Brent Donham EdD	Director	1.00	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
2024	$1,000,387	$469,100	$5,924,075	$531,287
2023	$1,039,544	$192,112	$5,440,387	$847,432
2022	$1,057,586	$293,306	$4,598,754	$764,280
2021	$679,457	$216,963	$3,822,370	$462,494
2020	$634,444	$406,268	$3,288,737	$228,176
2019	$803,887	$181,547	$3,055,839	$622,340
2018	$613,903	$173,920	$2,431,788	$439,983

Commerce Economic Development Corporation