FOUR CORNERS ECONOMIC DEVELOPMENT FOUNDATION (EIN 850171302) - 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

1989

Legal Domicile

Principal Officer

NATE DUCKETT

Phone

5055663720

Tax Period

2024-07-01 to 2025-06-30

FOUR CORNERS ECONOMIC DEVELOPMENT FOUNDATION, founded in 1989, is a small nonprofit in the Community Improvement sector that reported $330K in total revenue in fiscal year 2024.

Mission

PROMOTE GROWTH THROUGH COMMUNITY FUNCTIONS, INDUSTRIAL DEVELOPMENT, AND EDUCATIONAL AND MARKETING ACTIVITIES.

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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 $252,600

Program Service Revenue $74,133

Investment Income $3,637

Other Revenue $0

TOTAL REVENUE $330,370

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $333,714

Other Expenses $342,395

TOTAL EXPENSES $342,395

Year-over-Year Comparison

	2024	2023	Change
Revenue	$330,370	$306,916	+0.1%
Expenses	$342,395	$322,629	+0.1%
Net Income	$-12,025	$-15,713	-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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CYNTHIA ATENCIO	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
JIM CROWLEY	CITY OF AZTE	N/A	Director	$0	$0	$0
NATE DUCKETT	PRESIDENT	N/A	Officer Director	$0	$0	$0
TERRI FORTNER	SECRETARY/TR	N/A	Officer Director	$0	$0	$0
TIMOTHY GIBBS	EXECUTIVE OF	N/A	Officer Director	$0	$0	$0
KARA WOOD	TOWN OF KIRT	N/A	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	$330,370	$342,395	$327,877	$-12,025
2024	$306,916	$322,629	$340,394	$-15,713
2023	$259,323	$257,335	$368,898	$1,988
2022	$215,565	$269,022	$367,425	$-53,457
2021	$166,876	$286,379	$410,683	$-119,503
2020	$214,045	$255,303	$526,602	$-41,258
2019	$320,083	$296,580	$567,600	$23,503
2018	$394,614	$262,763	$544,098	$131,851

FOUR CORNERS ECONOMIC DEVELOPMENT FOUNDATION