QUINLIN ECONOMIC DEVELOPMENT CORPO… - 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

Formation Year

1996

Legal Domicile

Principal Officer

Jacky Goleman

Phone

9033563306

Tax Period

2024-10-01 to 2025-09-30

QUINLIN ECONOMIC DEVELOPMENT CORPORATION, founded in 1996, is a small nonprofit that reported $817K in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion. The organization ran a surplus of $456K, a strong 56% operating margin.

Mission

PROMOTE ECONOMIC DEVELOPMENT IN THE CITY OF QUINLAN, TEXAS AND PROMOTE THE PUBLIC INTEREST AS PROVIDED BY THE TEXAS DEVELOPMENT CORPORATION ACT OF 1979.

Program Service Accomplishments

Program 1

Expenses: $361,075 Revenue: $816,738

QUINLAN ECONOMIC DEVELOPMENT CORPORATION PROVIDES FUNDS NECESSARY TO ENHANCE ECONOMIC DEVELOPMENT IN THE CITY OF QUINLAN, TEAS. QUINLAN ECONOMIC DEVELOPMENT CORPORATION PROVIDED FUNDS FOR IMPROVED...

QUINLAN ECONOMIC DEVELOPMENT CORPORATION PROVIDES FUNDS NECESSARY TO ENHANCE ECONOMIC DEVELOPMENT IN THE CITY OF QUINLAN, TEAS. QUINLAN ECONOMIC DEVELOPMENT CORPORATION PROVIDED FUNDS FOR IMPROVED INFRASTRUCTURE DURING THE YEAR.

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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 $679,202

Investment Income $131,710

Other Revenue $5,826

TOTAL REVENUE $816,738

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $361,075

Other Expenses $361,075

TOTAL EXPENSES $361,075

Year-over-Year Comparison

	2024	2023	Change
Revenue	$816,738	$720,000	+0.1%
Expenses	$361,075	$657,178	-0.5%
Net Income	$455,663	$62,822	+6.3%

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
Teresa Snyder	Secretary	0.25	Officer Director	$0	$0	$0
Jacky Goleman	Treasurer	0.50	Officer Director	$0	$0	$0
Bobby Clay	Member	0.25	Director	$0	$0	$0
Charlie Thompson	Member	0.25	Director	$0	$0	$0
Tommy Underwood	Vice President	0.25	Officer Director	$0	$0	$0
Adam Slaughter	President	2.00	Officer Director	$0	$0	$0
Gene Sousa	Member	0.25	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	$816,738	$361,075	$4,006,903	$455,663
2024	$720,000	$657,178	$3,537,264	$62,822
2023	$616,934	$159,431	$3,460,973	$457,503
2022	$603,567	$373,084	$2,995,600	$230,483
2021	$526,696	$131,834	$2,766,927	$394,862
2020	$470,362	$228,647	$2,405,511	$241,715
2019	$410,545	$134,290	$2,137,793	$276,255
2018	$396,110	$395,541	$1,966,877	$569

QUINLIN ECONOMIC DEVELOPMENT CORPORATION