HAMLIN MUNICIPAL DEVELOPMENT

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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

Principal Officer

AMANDA SPALDING

Phone

3255762712

Tax Period

2024-10-01 to 2025-09-30

HAMLIN MUNICIPAL DEVELOPMENT, founded in 2017, is a small nonprofit that reported $581K in total revenue in fiscal year 2024. Revenue surged 264% from the prior year, signaling strong growth momentum. The organization ran a surplus of $396K, a strong 68% operating margin.

Mission

Chapter 377 of the Texas Local Government Code authorizes cities to hold an election in all or part of a city, including its extra territorial jurisdiction, to create a municipal development district and to adopt a sales tax to fund it. A Municipal Development District is a special purpose district created for the purpose of generating economic development and growth opportunities within the boundaries of the district. State law authorizes expenditure of MDD. funds for a variety of economic development activities including certain infrastructure improvement projects, certain recreational or community facilities, projects related to business enterprises that create or retain primary jobs, projects that promote new or expanded business development, or convention center facilities and related improvements. In addition, proceeds may also be used to hire necessary staff.

Program Service Accomplishments

Program 1

Expenses: $29,190

ASSIST WITH DEVELOPMENT AND FINANCING OF PERMISSIBLE PROJECTS AS DEFINED IN CHAPTER 377 OF THE TEXAS LOCAL GOVERNMENT CODE.

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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 $125,712

Investment Income $33,645

Other Revenue $421,626

TOTAL REVENUE $580,983

Expense Breakdown

Grants Paid $0

Salaries & Benefits $47,946

Fundraising Expenses $0

Program Expenses $29,190

Other Expenses $136,619

TOTAL EXPENSES $184,565

Year-over-Year Comparison

	2024	2023	Change
Revenue	$580,983	$159,549	+2.6%
Expenses	$184,565	$133,564	+0.4%
Net Income	$396,418	$25,985	+14.3%

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

N/A

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

$43,834

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RANDY BURKS	Executive Dir.	20.00	Director	$43,834	$0	$43,834
RONALD CROUCH	Director	0.00	Officer Director	$0	$0	$0
billy bob reynolds	Director	0.00	Director	$0	$0	$0
AMANDA SPALDING	President	0.00	Director	$0	$0	$0
dan byerly	Vice President	0.00	Director	$0	$0	$0
JACOB COX	Secretary	0.00	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
2025	$580,983	$184,565	$2,272,618	$396,418
2024	$159,549	$133,564	$1,876,200	$25,985
2023	$143,786	$141,516	$1,850,215	$2,270
2022	$141,353	$137,942	$1,725,381	$3,411
2021	$123,897	$128,452	$1,721,970	$-4,555
2020	$121,445	$134,776	$1,726,525	$-13,331
2019	$218,708	$152,475	$1,739,856	$66,233