Aransas County Partnership EDC

EIN: 843736196 Community Improvement

Rockport, TX

Total Revenue
$211,750
Total Expenses
$283,382
Total Assets
$372,512
Net Assets
$153,942
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2019
Legal Domicile
TX
Principal Officer
Jatin Bhakta
Phone
3614500135
Tax Period
2023-01-01 to 2023-12-31

Aransas County Partnership EDC, founded in 2019, is a small nonprofit in the Community Improvement sector that reported $212K in total revenue in fiscal year 2023. Revenue decreased 10% compared to the prior year. Expenses of $283K exceeded revenue, resulting in a 34% operating deficit.

Mission

The corporation shall have the purpose of assisting in the economic development of Aransas County by promoting the location or new commercial, retail, tourism-related,manufacturing, and other business enterprises; conducting education and training, planning and development and other matter of public concern: and organizing, coordinating, and leading the expansion of Aransas County's economic base through actions and programs that encourage and cause retention, expansion and recruitment of commercial, manufacturing, distribution and service employers.

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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 $211,750
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $211,750

Expense Breakdown

Grants Paid $0
Salaries & Benefits $176,232
Fundraising Expenses $0
Program Expenses $283,382
Other Expenses $107,150
TOTAL EXPENSES $283,382

Year-over-Year Comparison

2023 2022 Change
Revenue $211,750 $236,217 -0.1%
Expenses $283,382 $199,752 +0.4%
Net Income $-71,632 $36,465 -3.0%
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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Governance

Voting Members
12
Independent Members
11
Employees
3
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
5
$0
Total Directors
19
$0
Key Employees
1
$126,000
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Jatin Bhakta Chair 5.00
Officer
$0 $0 $0
Nancy Bolting Vice Chair 2.00
Officer
$0 $0 $0
Rebecca Bagby Secretary 2.00
Officer
$0 $0 $0
Mark Wagnon Treasurer 2.00
Officer
$0 $0 $0
John Jackson Past Chair 2.00
Officer
$0 $0 $0
Brandon Crowson Director 1.00
Director
$0 $0 $0
Jatin Bhakta Director 1.00
Director
$0 $0 $0
Karen Mella Director 1.00
Director
$0 $0 $0
Nancy Bolting Director 1.00
Director
$0 $0 $0
Brandi Picton Director 1.00
Director
$0 $0 $0
Phil Salemi Director 1.00
Director
$0 $0 $0
Jim Reidel Director 1.00
Director
$0 $0 $0
Janae Evans Director 1.00
Director
$0 $0 $0
Phil Salemi Director 1.00
Director
$0 $0 $0
Blake McDavid Director 1.00
Director
$0 $0 $0
Donna Townsend Director 1.00
Director
$0 $0 $0
Kiki DeAyala Director 1.00
Director
$0 $0 $0
Judge Ray Garza Ex -officio Director 1.00
Director
$0 $0 $0
Mayor Tim Jayroe Ex -officio Director 1.00
Director
$0 $0 $0
Mayor Kelli Cole Ex -officio Director 1.00
Director
$0 $0 $0
Malcolm Dieckow Ex -officio Director 1.00
Director
$0 $0 $0
Dr Joshua Garcia Ex -officio Director 1.00
Director
$0 $0 $0
Jamie Phillips Director 1.00
Director
$0 $0 $0
Courtney Sanchez Ex -officio Director 1.00
Director
$0 $0 $0
Jeffrey Sjostrom President 40.00
Key Emp
$126,000 $0 $126,000
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 No data No data No data No data
2024 No data No data No data No data
2023 $211,750 $283,382 $372,512 $-71,632
2022 $236,217 $199,752 $425,035 $36,465
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