FORT HOOD REGION ECONOMIC DEVELOPMENT FOUNDATION

EIN: 821794219 501(c)(3) Employment

KILLEEN, TX

Total Revenue
$179,277
Total Expenses
$179,770
Total Assets
$233,243
Net Assets
$57,966
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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
2017
Legal Domicile
TX
Principal Officer
MATT YOWELL
Phone
2545269551
Tax Period
2023-10-01 to 2024-09-30

FORT HOOD REGION ECONOMIC DEVELOPMENT FOUNDATION, founded in 2017, is a small nonprofit in the Employment sector that reported $179K in total revenue in fiscal year 2023. Revenue fell 71% from the prior year — a significant decline worth monitoring.

Mission

TO PROVIDE VISION, LEADERSHIP, AND SUPPORT TO EDUCATIONAL, COMMUNITY AND BUSINESS LEADERS TO CREATE ECONOMIC PROSPERITY

Program Service Accomplishments

Program 1
Expenses: $179,770

FORT HOOD REGION ECONOMIC DEVELOPMENT PERFORMED STUDY AND ANALYSIS OF THE KILLEEN AREA FOR THE NEEDS OF COMMUNITY AND BUSINESSES TO FURTHER ECONOMIC GROWTH.

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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 $36,530
Program Service Revenue $142,708
Investment Income $39
Other Revenue $0
TOTAL REVENUE $179,277

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $179,770
Other Expenses $179,770
TOTAL EXPENSES $179,770

Year-over-Year Comparison

2023 2022 Change
Revenue $179,277 $625,078 -0.7%
Expenses $179,770 $492,197 -0.6%
Net Income $-493 $132,881 -1.0%
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
14
Independent Members
14
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
3
$0
Total Directors
14
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MATT YOWELL DIRECTOR 0.50
Director
$0 $0 $0
ABDUL SUBHANI DIRECTOR 0.50
Director
$0 $0 $0
SANDRA SKINNER DIRECTOR 0.50
Director
$0 $0 $0
AMY MILLSAP DIRECTOR 0.50
Director
$0 $0 $0
MICHAEL LINNEMANN DIRECTOR 0.50
Director
$0 $0 $0
BOBBY HOXWORTH TREASURER 0.50
Officer Director
$0 $0 $0
BILL KLIEWER CHAIRMAN 0.50
Officer Director
$0 $0 $0
PERRY CLOUD DIRECTOR 0.50
Director
$0 $0 $0
RUSSELL PORTER DIRECTOR 0.50
Director
$0 $0 $0
MARK PRICE DIRECTOR 0.50
Director
$0 $0 $0
JAY WALKER DIRECTOR 0.50
Director
$0 $0 $0
TYRONE MCLAURIN DIRECTOR 0.50
Director
$0 $0 $0
BRAD BUCKLEY VICE CHAIRMAN 0.50
Officer Director
$0 $0 $0
JOHN CRUTCHFIELD III PRESIDENT & CEO 5.00
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 $179,277 $179,770 $233,243 $-493
2023 $625,078 $492,557 $128,279 $132,521
2022 $916,989 $1,054,184 $205,016 $-137,195
2021 $429,692 $350,518 $197,133 $79,174
2020 $308,237 $311,179 $170,917 $-2,942
2019 $328,047 $285,176 $168,391 $42,871
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