SOUTHSIDE FIRST ECONOMIC DEVELOPMENT COUNCIL (EIN 851210201) - 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

2020

Legal Domicile

Principal Officer

JOE PENA

Phone

2109700936

Tax Period

2023-01-01 to 2023-12-31

SOUTHSIDE FIRST ECONOMIC DEVELOPMENT COUNCIL, founded in 2020, is a small nonprofit in the Community Improvement sector that reported $240K in total revenue in fiscal year 2023. Revenue fell 26% from the prior year — a significant decline worth monitoring. Expenses of $346K exceeded revenue, resulting in a 44% operating deficit.

Mission

TO HELP SMALL BUSINESSES AND ENTREPRENEURS ACHIEVE SUSTAINABILITY AND GROWTH TO CREATE POSITIVE GENERATIONAL IMPACT ON THE SOUTHSIDE OF SAN ANTONIO TEXAS

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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 $170,599

Program Service Revenue $69,500

Investment Income $0

Other Revenue $0

TOTAL REVENUE $240,099

Expense Breakdown

Grants Paid $697

Salaries & Benefits $261,824

Fundraising Expenses $0

Program Expenses $304,817

Other Expenses $83,185

TOTAL EXPENSES $345,706

Year-over-Year Comparison

	2023	2022	Change
Revenue	$240,099	$325,000	-0.3%
Expenses	$345,706	$185,950	+0.9%
Net Income	$-105,607	$139,050	-1.8%

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

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

$28,750

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LINDA PEARSON	INTERIM CEO	20.00	Officer	$28,750	$0	$28,750
ANGELA LOERA	TREASURER	2.00	Officer Director	$0	$0	$0
JOE PENA	BOARD CHAIR	2.00	Officer Director	$0	$0	$0
MARK VARGAS	SECRETARY	2.00	Officer 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
2023	$240,099	$345,706	$33,443	$-105,607
2022	$325,000	$185,950	$139,050	$139,050
2022	$325,000	$185,950	$139,050	$139,050

SOUTHSIDE FIRST ECONOMIC DEVELOPMENT COUNCIL