RISING STAR RESOURCE DEVELOPMENT CORPORATION

EIN: 861067010 501(c)(3) Employment

Dallas, TX

Total Revenue
$3,667,863
Total Expenses
$3,369,612
Total Assets
$1,950,001
Net Assets
$1,325,972
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2003
Legal Domicile
TX
Phone
4694714798
Tax Period
2024-10-01 to 2025-09-30

RISING STAR RESOURCE DEVELOPMENT CORPORATION, founded in 2003, is a community nonprofit in the Employment sector that reported $3.7M in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $3.4M left a modest 8% surplus.

Mission

The Corporation employees' people with severe disabilities through professional support services to Federal, State Governments, and commercial enterprises.

Program Service Accomplishments

Program 1
Expenses: $1,157,281 Revenue: $1,417,717

The corporation provides contract services to Texas state government agencies through the WorkQuest program.

Program 2
Expenses: $789,055 Revenue: $951,036

The corporation provides temporary services to Texas state government agencies through the WQ program and commercial

Program 3
Expenses: $683,848 Revenue: $785,943

The corporation provides contract services to federal government agencies through the Source America program.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $3,666,895
Investment Income $968
Other Revenue $0
TOTAL REVENUE $3,667,863

Expense Breakdown

Grants Paid $1,200
Salaries & Benefits $2,621,297
Fundraising Expenses $0
Program Expenses $2,630,184
Other Expenses $747,115
TOTAL EXPENSES $3,369,612

Year-over-Year Comparison

2024 2023 Change
Revenue $3,667,863 $3,301,755 +0.1%
Expenses $3,369,612 $3,098,188 +0.1%
Net Income $298,251 $203,567 +0.5%
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

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Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
6
Independent Members
6
Employees
130
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
1
$77,750
Total Directors
5
$64,473
Key Employees
1
$77,750
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Humberto Valencia Finance Manager and Board Secretary 40
Officer Key Emp
$77,750 $0 $77,750
Dennis D Edwards Sr Board Member and Executive director 40
Director
$64,473 $0 $64,473
Jerome Thomas Board Member 1
Director
$0 $0 $0
Vernon J Foster Board Member 1
Director
$0 $0 $0
Sterling Wafford Board Member 1
Director
$0 $0 $0
Timothy Woods Board member 1
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 $3,667,863 $3,369,612 $1,950,001 $298,251
2024 $3,301,755 $3,098,188 $1,705,764 $203,567
2023 $2,738,721 $2,717,205 $1,496,438 $21,516
2022 $3,070,111 $3,062,693 $1,448,195 $7,418
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