BOWIE INDUSTRIAL DEVELOPMENT FOUNDATION INC (EIN 752855989) - 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

1961

Legal Domicile

Principal Officer

JK BRITE

Phone

9403663072

Tax Period

2024-01-01 to 2024-12-31

BOWIE INDUSTRIAL DEVELOPMENT FOUNDATION INC, founded in 1961, is a micro nonprofit in the Community Improvement sector that reported $86K in total revenue in fiscal year 2024. The organization ran a surplus of $19K, a strong 22% operating margin.

Mission

TO ATTRACT NEW BUSINESSES AND INDUSTRIES TO BOWIE, TX., DONE PARTLY BY CONSTRUCTING AND MAINTAINING A BUILDING TO ATTRACT BUSINESSES.

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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 $86,280

Investment Income $36

Other Revenue $0

TOTAL REVENUE $86,316

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $66,170

Other Expenses $67,269

TOTAL EXPENSES $67,269

Year-over-Year Comparison

	2024	2023	Change
Revenue	$86,316	$86,692	0.0%
Expenses	$67,269	$45,148	+0.5%
Net Income	$19,047	$41,544	-0.5%

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
BERT CUNNINGHAM	DIRECTOR	0.50	Director	$0	$0	$0
GARY CUNNINGHAM	DIRECTOR	0.50	Director	$0	$0	$0
BRETT MEEKINS	DIRECTOR	0.50	Director	$0	$0	$0
MIKE WINTERS	DIRECTOR	0.50	Director	$0	$0	$0
JK BRITE	PRESIDENT	2.00	Officer	$0	$0	$0
DEAN MYERS	V.P.	2.00	Officer	$0	$0	$0
RANDY WEST	SEC/TREAS	2.00	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	$86,316	$67,269	$997,205	$19,047
2023	$86,692	$45,148	$1,017,814	$41,544
2022	$86,429	$29,342	$783,470	$57,087
2021	$78,661	$34,689	$768,556	$43,972
2020	$52,476	$15,910	$682,411	$36,566
2019	$52,377	$18,137	$645,845	$34,240
2018	$52,031	$15,960	$611,605	$36,071

BOWIE INDUSTRIAL DEVELOPMENT FOUNDATION INC