DEVELOPMENT CORPORATION OF TARRANT COUNTY INC (EIN 752791607) - 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

1998

Legal Domicile

Principal Officer

CHARLIE PRICE

Phone

8178709008

Tax Period

2023-01-01 to 2023-12-31

DEVELOPMENT CORPORATION OF TARRANT COUNTY INC, founded in 1998, is a community nonprofit in the Housing & Shelter sector that reported $2.0M in total revenue in fiscal year 2023. Revenue fell 62% from the prior year — a significant decline worth monitoring. Expenses of $2.3M exceeded revenue, resulting in a 15% operating deficit.

Mission

THE CORPORATION ACTS AS A CATALYST FOR THE HOLISTIC APPROACH TO COMMUNITY AND ECONOMIC DEVELOPMENT WITHIN THE TARRANT COUNTY GEOGRAPHIC REGION BY PROVIDING A LINK BETWEEN LOCAL GOVERNMENT, PUBLIC FINANCING INSTITUTIONS, PRIVATE LENDERS, AND NONPROFIT ORGANIZATIONS UNDERTAKING COMMUNITY-BASED PROJECTS.

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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 $330,740

Program Service Revenue $1,464,246

Investment Income $222,111

Other Revenue $0

TOTAL REVENUE $2,017,097

Expense Breakdown

Grants Paid $0

Salaries & Benefits $415,722

Fundraising Expenses $0

Program Expenses $1,737,012

Other Expenses $1,903,443

TOTAL EXPENSES $2,319,165

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,017,097	$5,365,540	-0.6%
Expenses	$2,319,165	$1,474,566	+0.6%
Net Income	$-302,068	$3,890,974	-1.1%

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

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

$172,834

Total Directors

$172,834

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHARLIE PRICE	PRESIDENT	40.00	Officer Director	$172,834	$0	$172,834
DAVID MEDANICH	CHAIRMAN	1.00	Officer Director	$0	$0	$0
MIKE SANDLIN	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
KELLY CURNUTT	TREASURER	1.00	Officer Director	$0	$0	$0
GLENDA DREXEL	SECRETARY	1.00	Officer Director	$0	$0	$0
FREDERICK SLABACH	DIRECTOR	1.00	Director	$0	$0	$0
MEGAN COOLEY	DIRECTOR	1.00	Director	$0	$0	$0
GLENDA DREXEL	DIRECTOR	1.00	Director	$0	$0	$0
LORRAINE MILLER	DIRECTOR	1.00	Director	$0	$0	$0
ESTRUS TUCKER	DIRECTOR	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	No data	No data	No data	No data
2023	$2,017,097	$2,319,165	$14,743,006	$-302,068
2022	$5,365,540	$1,474,566	$10,640,467	$3,890,974
2021	$936,394	$396,933	$8,192,985	$539,461
2020	$814,683	$322,858	$6,721,898	$491,825
2019	$32,293	$305,697	$5,699,851	$-273,404
2018	$1,376,960	$337,635	$6,280,346	$1,039,325

DEVELOPMENT CORPORATION OF TARRANT COUNTY INC