CANADIAN-HEMPHILL COUNTY ECONOMIC DEVELOPMENT CORPORATION (EIN 752627695) - 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

1996

Legal Domicile

Phone

8063235397

Tax Period

2024-10-01 to 2025-09-30

CANADIAN-HEMPHILL COUNTY ECONOMIC DEVELOPMENT CORPORATION, founded in 1996, is a small nonprofit in the Community Improvement sector that reported $242K in total revenue in fiscal year 2024. Revenue fell 40% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $64K, a strong 26% operating margin.

Mission

THE CANADIAN-HEMPHILL COUNTY ECONOMIC DEVELOPMENT CORP IS ORGANIZED TO PROMOTE ECONOMIC DEVELOPMENT IN AND AROUND THE CITY OF CANADIAN, TEXAS AND HEMPHILL COUNTY, 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 (2024)

Revenue Breakdown

Contributions & Grants $219,194

Program Service Revenue $2,708

Investment Income $20,529

Other Revenue $0

TOTAL REVENUE $242,431

Expense Breakdown

Grants Paid $60,212

Salaries & Benefits $16,992

Fundraising Expenses $0

Program Expenses $146,337

Other Expenses $101,724

TOTAL EXPENSES $178,928

Year-over-Year Comparison

	2024	2023	Change
Revenue	$242,431	$402,106	-0.4%
Expenses	$178,928	$537,758	-0.7%
Net Income	$63,503	$-135,652	-1.5%

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

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
NICHOLAS THOMAS	Director	2.00	Director	$0	$0	$0
NORMA PONCE	Secretary/Treas	2.00	Officer Director	$0	$0	$0
JEFF WAGNER	President	2.00	Officer Director	$0	$0	$0
BRYAN BARTLETT	Director	2.00	Director	$0	$0	$0
WENDIE COOK	Vice President	2.00	Officer Director	$0	$0	$0
SUSAN RAMP	Director	2.00	Director	$0	$0	$0
HOLLY MCLANAHAN	Director	2.00	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
2025	$242,431	$178,928	$648,985	$63,503
2024	$402,106	$537,758	$580,029	$-135,652
2023	$261,579	$186,344	$718,125	$75,235
2022	$241,602	$177,558	$655,363	$64,044
2021	$252,487	$210,237	$604,664	$42,250
2020	$247,046	$337,013	$556,558	$-89,967
2019	$242,861	$398,277	$640,469	$-155,416
2018	$227,906	$472,077	$792,417	$-244,171

CANADIAN-HEMPHILL COUNTY ECONOMIC DEVELOPMENT CORPORATION