NACOGDOCHES ECONOMIC DEVELOPMENT C… - Form 990 Financial Data

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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

Legal Domicile

Phone

9365591255

Tax Period

2024-10-01 to 2025-09-30

NACOGDOCHES ECONOMIC DEVELOPMENT CORP is a small nonprofit in the Community Improvement sector that reported $352K in total revenue in fiscal year 2024. Net assets of $794K represent 27 months of operating reserves.

Mission

DEVELOP AN ECONOMIC AND INDUSTRIAL ORGANIZATION TO PROMOTE, ASSIST, STIMULATE, AND ENHANCE ECONOMIC DEVELOPMENT IN NACOGDOCHES COUNTY, TEXAS

Program Service Accomplishments

Program 1

Expenses: $320,820

DEVELOP AN OVERALL ECONOMIC DEVELOPMENT PLAN FOR THE RESIDENTS OF NACOGDOCHES COUNTY WHICH SHALL INCLUDE, BUT NOT LIMITED TO, SHORT AND LONG RANGE GOALS AND OBJECTIVES TO STIMULATE ECONOMIC GROWTH IN...

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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 $0

Program Service Revenue $315,387

Investment Income $36,685

Other Revenue $0

TOTAL REVENUE $352,072

Expense Breakdown

Grants Paid $0

Salaries & Benefits $270,706

Fundraising Expenses $0

Program Expenses $320,820

Other Expenses $99,961

TOTAL EXPENSES $370,667

Year-over-Year Comparison

	2024	2023	Change
Revenue	$352,072	$354,067	0.0%
Expenses	$370,667	$333,233	+0.1%
Net Income	$-18,595	$20,834	-1.9%

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
SCOTT WALLER	Director	0.50	Director	$0	$0	$0
RON COLLINS	Treasurer	1.00	Officer Director	$0	$0	$0
DR NEAL WEAVER	Director	0.50	Director	$0	$0	$0
SCOTT BOWYER	Chairman	1.00	Officer Director	$0	$0	$0
GARTH HINZE	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
RICK BEVERLIN	Director	0.50	Director	$0	$0	$0
DR GABE TRUJILLO	Director	0.50	Director	$0	$0	$0
FRANCIS SPRUIELL	Secretary	1.00	Officer Director	$0	$0	$0
NOLAN SMITH	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
2025	$352,072	$370,667	$844,184	$-18,595
2024	$354,067	$333,233	$871,290	$20,834
2023	$356,433	$345,709	$793,626	$10,724
2022	$330,891	$313,842	$802,200	$17,049
2021	$386,800	$379,928	$802,400	$6,872
2020	$414,117	$447,655	$867,043	$-33,538
2019	$409,256	$394,893	$813,758	$14,363
2018	$387,750	$375,592	$873,397	$12,158

NACOGDOCHES ECONOMIC DEVELOPMENT CORP