Tye Economic Development Corporation (EIN 752647791) - 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

Principal Officer

George Deffenbaugh

Phone

3256958253

Tax Period

2023-10-01 to 2024-09-30

Tye Economic Development Corporation is a small nonprofit in the Recreation & Sports sector that reported $380K in total revenue in fiscal year 2023. Revenue surged 37% from the prior year, signaling strong growth momentum. The organization ran a surplus of $288K, a strong 76% operating margin.

Mission

Economic development for City of Tye, 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 $366,807

Investment Income $1,387

Other Revenue $12,268

TOTAL REVENUE $380,462

Expense Breakdown

Grants Paid $0

Salaries & Benefits $31,226

Fundraising Expenses $0

Program Expenses $92,815

Other Expenses $61,589

TOTAL EXPENSES $92,815

Year-over-Year Comparison

	2023	2022	Change
Revenue	$380,462	$278,606	+0.4%
Expenses	$92,815	$104,122	-0.1%
Net Income	$287,647	$174,484	+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
George Deffenbaugh	President	1.00	Officer Director	$0	$0	$0
Linda Parsons	Director	1.00	Director	$0	$0	$0
Ken Arnold	Director	1.00	Director	$0	$0	$0
Cody Ellis	Executive Dir.	1.00	Officer Director	$0	$0	$0
Barbara Kotrlik	Secretary	1.00	Officer Director	$0	$0	$0
Janie Ritter	Vice President	1.00	Officer Director	$0	$0	$0
Danielle Flippo	Director	1.00	Director	$0	$0	$0
Amye Butler Amerine	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	$380,462	$92,815	$1,351,347	$287,647
2023	$278,606	$104,122	$1,063,781	$174,484
2022	$321,467	$216,081	$1,076,066	$105,386
2021	$206,366	$174,190	$1,004,132	$32,176
2020	$232,334	$303,272	$1,002,898	$-70,938

Tye Economic Development Corporation