Austin Economic Development Corporation

EIN: 861446893 501(c)(3) Community Improvement

Austin, TX

Total Revenue
$4,252,999
Total Expenses
$2,187,351
Total Assets
$11,962,205
Net Assets
$3,812,456
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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
TX
Phone
5124316271
Tax Period
2023-10-01 to 2024-09-30

Austin Economic Development Corporation, founded in 2020, is a community nonprofit in the Community Improvement sector that reported $4.3M in total revenue in fiscal year 2023. Revenue surged 104% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.1M, a strong 49% operating margin.

Mission

The Austin Economic Development Corporation stewards public and private real estate assets to create inclusive community benefits and equitable economic outcomes for Austin.

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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 $3,771,289
Program Service Revenue $64,150
Investment Income $417,560
Other Revenue $0
TOTAL REVENUE $4,252,999

Expense Breakdown

Grants Paid $0
Salaries & Benefits $951,525
Fundraising Expenses $0
Program Expenses $1,396,964
Other Expenses $1,235,826
TOTAL EXPENSES $2,187,351

Year-over-Year Comparison

2023 2022 Change
Revenue $4,252,999 $2,084,729 +1.0%
Expenses $2,187,351 $1,493,520 +0.5%
Net Income $2,065,648 $591,209 +2.5%
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

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Governance

Voting Members
19
Independent Members
19
Employees
6
Volunteers
20

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
$194,805
Total Directors
19
$0
Key Employees
2
$477,633
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Tina Cannon Chair 3
Officer Director
$0 $0 $0
Emmett S Beliveau Treasurer 2
Officer Director
$0 $0 $0
Jeremy Martin Board Member 2
Director
$0 $0 $0
Tamara Atkinson Secretary 2
Officer Director
$0 $0 $0
Bradford Patterson Board Member 1
Director
$0 $0 $0
Amanda Jasso Board Member 1
Director
$0 $0 $0
Carl Settles Chair 1
Officer Director
$0 $0 $0
Awais Azhar Board Member 1
Director
$0 $0 $0
David Steinwedell Board Member 1
Director
$0 $0 $0
Aaron DeLaO Board Member 1
Director
$0 $0 $0
Suchitra Gururaj Board Member 1
Director
$0 $0 $0
Cyndi Cummings Board Member 1
Director
$0 $0 $0
Sylnovia Holt-Rabb Board Member 1
Director
$0 $0 $0
Molly Beth Malcolm Board Member 1
Director
$0 $0 $0
Garrett Groves Board Member 1
Director
$0 $0 $0
Sharmila Mukherjee Board Member 1
Director
$0 $0 $0
Xavier Pena Board Member 1
Director
$0 $0 $0
Jeremy Striffler Board Member 1
Director
$0 $0 $0
Brad Stein Board Member 1
Director
$0 $0 $0
Theresa Alvarez CEO 40
Key Emp
$220,089 $27,200 $247,289
Ann Gatling Haynes Chief Transactions Officerv 40
Key Emp
$202,247 $28,097 $230,344
David Colligan COO 40
Officer
$173,704 $21,101 $194,805
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 $4,252,999 $2,187,351 $11,962,205 $2,065,648
2023 $2,084,729 $1,493,520 $3,390,935 $591,209
2022 $811,442 $820,093 $379,833 $-8,651
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