BEE AREA PARTNERSHIP INC

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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

2019

Legal Domicile

Phone

3613435479

Tax Period

2023-01-01 to 2023-12-31

BEE AREA PARTNERSHIP INC, founded in 2019, is a small nonprofit in the Community Improvement sector that reported $336K in total revenue in fiscal year 2023. Revenue surged 34% from the prior year, signaling strong growth momentum. The organization ran a surplus of $59K, a strong 17% operating margin.

Mission

TO EXPEDITE AND ENHANCE ECONOMIC DEVELOPMENT, BUSINESS RETENTION, AND INDUSTRIAL DEVELOPMENT IN BEE COUNTY, TEXAS.

Program Service Accomplishments

Program 1

Expenses: $277,408 Revenue: $336,000

FUNDS RECEIVED FROM VARIOUS PUBLIC AND PRIVATE CONTRIBUTORS ARE USED TO EXPEDITE AND ENHANCE ECONOMIC DEVELOPMENT, BUSINESS RETENTION, AND INDUSTRIAL DEVELOPMENT IN BEE COUNTY, TEXAS. RECRUITMENT...

FUNDS RECEIVED FROM VARIOUS PUBLIC AND PRIVATE CONTRIBUTORS ARE USED TO EXPEDITE AND ENHANCE ECONOMIC DEVELOPMENT, BUSINESS RETENTION, AND INDUSTRIAL DEVELOPMENT IN BEE COUNTY, TEXAS. RECRUITMENT EFFORTS CONTINUE INTO THE 2023, INCREASED SITE VISITS BY BUSINESSES POTENTIALLY TRANSFERRING TO BEE COUNTY AND SEVERAL SMALL BUSINESSES WHICH DID RELOCATE ARE STILL IN OPERATION.

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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 $336,000

Program Service Revenue $0

Investment Income $10

Other Revenue $115

TOTAL REVENUE $336,125

Expense Breakdown

Grants Paid $0

Salaries & Benefits $217,856

Fundraising Expenses $0

Program Expenses $277,408

Other Expenses $59,552

TOTAL EXPENSES $277,408

Year-over-Year Comparison

	2023	2022	Change
Revenue	$336,125	$251,547	+0.3%
Expenses	$277,408	$253,685	+0.1%
Net Income	$58,717	$-2,138	-28.5%

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

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

$143,750

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RANDY SEITZ	CEO	40.00	Director	$143,750	$0	$143,750
JOHN BENSON	Treasurer	4.00	Director	$0	$0	$0
RAND BLAIR	Director	4.00	Director	$0	$0	$0
TRACY FLORENCE	Director	4.00	Director	$0	$0	$0
LOUIE ALANIZ	Vice President	2.00	Director	$0	$0	$0
TRAVIS FANNING	Director	2.00	Director	$0	$0	$0
REAGAN FLORENCE	Director	2.00	Director	$0	$0	$0
GEORGE MORRILL	Director	2.00	Director	$0	$0	$0
RYAN GARCIA	Director	2.00	Director	$0	$0	$0
STERLING SMITH	Secretary	2.00	Director	$0	$0	$0
ALAN LENZ	Director	2.00	Director	$0	$0	$0
JOHN HERRERA	Director	4.00	Officer	$0	$0	$0
GENIFER RUCKER	Director	4.00	Officer	$0	$0	$0
JUSTIN HOGGARD	Director	4.00	Officer	$0	$0	$0
EVELYN BETHUNE	Chairman	4.00	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	No data	No data	No data	No data
2023	$336,125	$277,408	$67,745	$58,717
2022	$251,547	$253,685	$7,063	$-2,138