LUFKINANGELINA COUNTY ECONOMIC DEVELOPMENT PARTNERSHIP (EIN 752631144) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1995

Legal Domicile

Principal Officer

DAREN HAMAKER

Phone

9366328181

Tax Period

2023-01-01 to 2023-12-31

LUFKINANGELINA COUNTY ECONOMIC DEVELOPMENT PARTNERSHIP, founded in 1995, is a micro nonprofit in the Philanthropy & Grantmaking sector that reported $22K in total revenue in fiscal year 2023. Revenue surged 217% from the prior year, signaling strong growth momentum. The organization ran a surplus of $22K, a strong 100% operating margin.

Mission

Lufkin/Angelina County Economic Development Partnership, Inc. (LACEDP) is a nonprofit corporation incorporated to encourage, stimulate and promote economic development, expansion and diversification within the Lufkin, Angelina County, Texas area.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $21,774

Other Revenue $0

TOTAL REVENUE $21,774

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $2

TOTAL EXPENSES $2

Year-over-Year Comparison

	2023	2022	Change
Revenue	$21,774	$6,864	+2.2%
Expenses	$2	$15,625	-1.0%
Net Income	$21,772	$-8,761	-3.5%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRIAN CYR	Director	0.50	Director	$0	$0	$0
KRISTI GAY	Secretary	1.00	Officer Director	$0	$0	$0
DR MICHAEL SIMON	Director	0.50	Director	$0	$0	$0
DAREN HAMAKER	Chairman	1.00	Officer Director	$0	$0	$0
KEVIN LANGSTON	PAST CHAIRMAN	1.00	Officer Director	$0	$0	$0
JENNIFER WEBSTER	Director	0.50	Director	$0	$0	$0
TERRY MORGAN	Director	0.50	Director	$0	$0	$0
MAX ALVIS	Director	0.50	Director	$0	$0	$0
DAVID FLOWERS	Director	0.50	Director	$0	$0	$0
SCOTT NEILL	Director	0.50	Director	$0	$0	$0
ERIC ROBINSON	Vice President	1.00	Officer Director	$0	$0	$0
JANE AINSWORTH	Director	0.50	Director	$0	$0	$0
GENO CARRIER	Treasurer	1.00	Officer Director	$0	$0	$0
TIM STACY	Director	0.50	Director	$0	$0	$0
CHRIS CARAWAY	Director	0.50	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	No data	No data	No data	No data
2023	$21,774	$2	$1,434,226	$21,772
2022	$6,864	$15,625	$1,412,454	$-8,761
2021	$62,848	$50,667	$1,421,215	$12,181
2020	$81,685	$52,584	$1,409,034	$29,101
2019	$95,116	$47,210	$1,379,933	$47,906
2018	$99,782	$44,719	$1,332,027	$55,063

LUFKINANGELINA COUNTY ECONOMIC DEVELOPMENT PARTNERSHIP