LINDEN ECONOMIC DEVELOPMENT CORPORATION (EIN 752747213) - 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

1990

Legal Domicile

Principal Officer

CARLA ROADCAP

Phone

9037567774

Tax Period

2023-10-01 to 2024-09-30

LINDEN ECONOMIC DEVELOPMENT CORPORATION, founded in 1990, is a small nonprofit in the Community Improvement sector that reported $146K in total revenue in fiscal year 2023. Expenses of $164K exceeded revenue, resulting in a 13% operating deficit.

Mission

PROMOTING, ASSISTING AND ENHANCING ECONCOMIC DEVELOPMENT ACTIVITIES FOR THE CITY OF LINDEN, 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 $144,551

Investment Income $1,356

Other Revenue $0

TOTAL REVENUE $145,907

Expense Breakdown

Grants Paid $32,017

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $136,391

Other Expenses $132,352

TOTAL EXPENSES $164,369

Year-over-Year Comparison

	2023	2022	Change
Revenue	$145,907	$138,753	+0.1%
Expenses	$164,369	$184,891	-0.1%
Net Income	$-18,462	$-46,138	-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

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
RICHARD BOWDEN	SEC./TREASUR	N/A	Officer	$0	$0	$0
KYLE MORGAN	DIRECTOR	N/A	Officer	$0	$0	$0
CARLA ROADCAP	PRESIDENT	N/A	Officer	$0	$0	$0
FRANK LANIER	1ST VICE PRE	N/A	Officer	$0	$0	$0
KENNY HAMILTON	DIRECTOR	N/A	Officer	$0	$0	$0
JOHN ROUNTREE	DIRECTOR	N/A	Officer	$0	$0	$0
DAVE STEWART	2ND VICE PRE	N/A	Officer	$0	$0	$0
JO ANNA DUNCAN	DIRECTOR	N/A	Officer	$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	$145,907	$164,369	$713,850	$-18,462
2023	$138,753	$184,891	$567,295	$-46,138
2022	$139,145	$102,941	$615,389	$36,204
2021	$133,217	$86,149	$577,926	$47,068
2020	$120,018	$63,605	$524,547	$56,413
2019	$113,557	$77,762	$455,476	$35,795
2019	$114,324	$77,762	$468,454	$36,562
2018	$87,384	$135,764	$419,901	$-48,380

LINDEN ECONOMIC DEVELOPMENT CORPORATION