The Economic Development Alliance for Brazoria County (EIN 760075616) - 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

1983

Legal Domicile

Tax Period

2024-10-01 to 2025-09-30

The Economic Development Alliance for Brazoria County, founded in 1983, is a community nonprofit that reported $1.2M in total revenue in fiscal year 2024. The organization ran a surplus of $371K, a strong 31% operating margin.

Mission

To promote and diversify the economic base, attract high-wage jobs in target industries to Brazoria County and support and champion the interests of existing 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 $1,007,533

Program Service Revenue $87,570

Investment Income $98,154

Other Revenue $0

TOTAL REVENUE $1,193,257

Expense Breakdown

Grants Paid $0

Salaries & Benefits $524,782

Fundraising Expenses $0

Other Expenses $297,090

TOTAL EXPENSES $821,872

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,193,257	$1,195,881	0.0%
Expenses	$821,872	$724,677	+0.1%
Net Income	$371,385	$471,204	-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

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
Patti Worfe	President & CEO	40.00		$177,098	$0	$177,098
Kenny Vernor	Vice President	1.00	Director	$0	$0	$0
Jenna Haviland	Director	1.00	Director	$0	$0	$0
Dr Robert Exley	Director	1.00	Director	$0	$0	$0
Scott Van Wagener	Director	1.00	Director	$0	$0	$0
Brad Morrison	Director	1.00	Director	$0	$0	$0
Robert Johnson	Director	1.00	Director	$0	$0	$0
LM Matt Sebesta JR	Director	1.00	Director	$0	$0	$0
Lance Goodwin	Director	1.00	Director	$0	$0	$0
Sarah Vuskov	Director	1.00	Director	$0	$0	$0
Cam Yearty	Director	1.00	Director	$0	$0	$0
Larry Janak	Director	1.00	Director	$0	$0	$0
Mike Latimer	Director	1.00	Director	$0	$0	$0
Karina Moreno	Director	1.00	Director	$0	$0	$0
Bruce Cassidy	Director	1.00	Director	$0	$0	$0
Robina Spruill	Director	1.00	Director	$0	$0	$0
John Wright	Director	1.00	Director	$0	$0	$0
Matt Stewart	Director	1.00	Director	$0	$0	$0
Calvin Shiflet	Director	1.00	Director	$0	$0	$0
Adrian Perez	Director	1.00	Director	$0	$0	$0
Gerald Roznovsky	Director	1.00	Director	$0	$0	$0
Kim Sachtleben	Director	1.00	Director	$0	$0	$0
Laurie Kincannon	Director	1.00	Director	$0	$0	$0
Scott Blank	Director	1.00	Director	$0	$0	$0
Robby Eubanks	Director	1.00	Director	$0	$0	$0
Jim Russ	Director	1.00	Director	$0	$0	$0
Bill Stone	Director	1.00	Director	$0	$0	$0
Jennifer Fundora	Director	1.00	Director	$0	$0	$0
Paul Spinks	Director	1.00	Director	$0	$0	$0
Robert Trautman	Director	1.00	Director	$0	$0	$0
Denise DeLaune	Director	1.00	Director	$0	$0	$0
Stephanie Pharr	Director	1.00	Director	$0	$0	$0
John Arguello	Director	1.00	Director	$0	$0	$0
Dale Kuntz	Director	1.00	Director	$0	$0	$0
Christine Miller	Director	1.00	Director	$0	$0	$0
Todd Mass	Director	1.00	Director	$0	$0	$0
Mark Holian	Director	1.00	Director	$0	$0	$0
Jacob McAlister	Director	1.00	Director	$0	$0	$0
Greg Blanchard	Director	1.00	Director	$0	$0	$0
Jason Black	Director	1.00	Director	$0	$0	$0
Rebecca Lilley	Director	1.00	Director	$0	$0	$0
Brent Bowles	Chairman	1.00	Officer	$0	$0	$0
Dan Croft	Treasurer	1.00	Officer	$0	$0	$0
Anne Bartlett	Vice President	1.00	Officer	$0	$0	$0
Rob Lowe	Secretary	1.00	Officer	$0	$0	$0
Earl Shipp	Director	1.00	Officer	$0	$0	$0
Josh Brian	Director	1.00	Officer	$0	$0	$0
Jim Russ	Past Chairman	0.00		$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
2025	$1,193,257	$821,872	$2,794,401	$371,385
2024	$1,195,881	$724,677	$2,431,500	$471,204
2023	$1,085,145	$692,175	$1,956,201	$392,970
2022	$858,955	$670,058	$1,526,382	$188,897
2021	$911,166	$738,550	$1,341,152	$172,616
2020	$961,262	$654,216	$1,166,256	$307,046
2019	$890,098	$596,244	$861,335	$293,854
2018	$898,884	$617,994	$578,221	$280,890

The Economic Development Alliance for Brazoria County