LIGHT ECONOMIC AND DEVELOPMENT INC

EIN: 752760924 501(c)(3) Community Improvement

MESQUITE, TX

Total Revenue
$177,820
Total Expenses
$16,722
Total Assets
$66,176
Net Assets
$66,176
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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
1997
Legal Domicile
TX
Principal Officer
RONALD SHAW
Phone
2143205744
Tax Period
2023-01-01 to 2023-12-31

LIGHT ECONOMIC AND DEVELOPMENT INC, founded in 1997, is a small nonprofit in the Community Improvement sector that reported $178K in total revenue in fiscal year 2023. The organization ran a surplus of $161K, a strong 91% operating margin.

Mission

TO DEVELOP STRATEGIC PARTNERSHIPS FOR THE SPRITUAL, ECONOMIC AND SOCIAL BENEFIT OF AREA YOUTH, RESIDENTS AND BUSINESSES. OUR ENERGY IS FOCUSED IN FOUR KEY AREAS: ENTERPRISE DEVELOPMENT, HOUSING DEVELOPMENT, WORKFOCE TRAINING AND LEADERSHIP DEVELOPMENT.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $5,150
Investment Income $172,670
Other Revenue $0
TOTAL REVENUE $177,820

Expense Breakdown

Grants Paid $0
Salaries & Benefits $6,670
Fundraising Expenses $0
Program Expenses $11,809
Other Expenses $10,052
TOTAL EXPENSES $16,722

Year-over-Year Comparison

2023 2022 Change
Revenue $177,820 N/A N/A
Expenses $16,722 N/A N/A
Net Income $161,098 N/A N/A
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

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Governance

Voting Members
3
Independent Members
1
Employees
N/A
Volunteers
2

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
2
$6,670
Total Directors
3
$6,670
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
VEDA SHAW SECRETARY/TR 5.00
Officer Director
$6,670 $0 $6,670
KENNETH MARTIN DIRECTOR 1.00
Director
$0 $0 $0
RONALD SHAW PRESIDENT/DI 5.00
Officer 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
2023 $177,820 $16,722 $66,176 $161,098
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