Trinity Economic & Industrial Development Corporation (EIN 752770925) - 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

1997

Legal Domicile

Principal Officer

NEAL SMITH

Phone

9365942507

Tax Period

2023-10-01 to 2024-09-30

Trinity Economic & Industrial Development Corporation, founded in 1997, is a small nonprofit in the Community Improvement sector that reported $406K in total revenue in fiscal year 2023. Revenue surged 21% from the prior year, signaling strong growth momentum. The organization ran a surplus of $336K, a strong 83% operating margin.

Mission

PROMOTE, ASSIST, ENHANCE ECONOMIC 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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $306,558

Program Service Revenue $0

Investment Income $95,063

Other Revenue $4,500

TOTAL REVENUE $406,121

Expense Breakdown

Grants Paid $63,424

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $6,487

TOTAL EXPENSES $69,911

Year-over-Year Comparison

	2023	2022	Change
Revenue	$406,121	$336,283	+0.2%
Expenses	$69,911	$58,656	+0.2%
Net Income	$336,210	$277,627	+0.2%

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
NEAL SMITH	PRESIDENT	1.00	Officer	$0	$0	$0
KEITH JOHNSON	VICE PRES	1.00	Officer	$0	$0	$0
ART WALKER	SECRETARY	1.00	Officer	$0	$0	$0
SCOTT WOMACK	COMMITTEE MEMBER	1.00	Director	$0	$0	$0
CLEGG DEWALT	COMMITTEE MEMBER	1.00	Director	$0	$0	$0
BILLY JOE COLEMAN	COMMITTEE MEMBER	1.00	Director	$0	$0	$0
JOY NEAL	COMMITTEE MEMBER	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	$406,121	$69,911	$2,846,291	$336,210
2023	$336,283	$58,656	$2,502,343	$277,627
2022	$284,643	$140,474	$2,292,385	$144,169
2021	$297,119	$32,700	$2,080,547	$264,419
2020	$248,269	$65,158	$1,816,128	$183,111
2019	$206,825	$41,787	$1,633,017	$165,038
2018	$196,284	$22,144	$1,402,979	$174,140

Trinity Economic & Industrial Development Corporation