ECONOMIC DEVELOPMENT CORPORATION (EIN 870696221) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2003

Legal Domicile

Phone

8702367684

Tax Period

2024-01-01 to 2024-12-31

ECONOMIC DEVELOPMENT CORPORATION, founded in 2003, is a small nonprofit in the Community Improvement sector that reported $993K in total revenue in fiscal year 2018. The organization ran a surplus of $634K, a strong 64% operating margin.

Mission

BUSINESS DEVELOPMENT

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $733,197

Program Service Revenue $0

Investment Income $39,628

Other Revenue $0

TOTAL REVENUE $772,825

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,316,860

Other Expenses $1,316,860

TOTAL EXPENSES $1,316,860

Year-over-Year Comparison

	2024	2023	Change
Revenue	$772,825	$1,625,592	-0.5%
Expenses	$1,316,860	$238,953	+4.5%
Net Income	$-544,035	$1,386,639	-1.4%

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	Role	Reportable Comp	Other Comp	Total
RANDY PHILHOURS	BOARD MEMBER	Director	$0	$0	$0
MARK MILLER	BOARD MEMBER	Director	$0	$0	$0
BLAINE NUNN	BOARD MEMBER	Director	$0	$0	$0
JUDGE RUSTY MCMILLON	BOARD MEMBER	Director	$0	$0	$0
BROCK ATWILL	BOARD MEMBER	Director	$0	$0	$0
JAKE BLAND	BOARD MEMBER	Director	$0	$0	$0
BRETT BRADFORD	BOARD MEMBER	Director	$0	$0	$0
DEBBIE SMITH	BOARD MEMBER	Director	$0	$0	$0
BRAD BLOEMER	BOARD MEMBER	Director	$0	$0	$0
ALLISON HESTAND	EXECUTIVE DIRECTOR	Officer Director	$0	$0	$0
JOSH AGEE	SECRETARYTREASURER	Officer Director	$0	$0	$0
LORA LAUBACH	CHAIRMAN	Officer Director	$0	$0	$0
ROBERT THOMPSON III	PAST CHAIRMAN	Officer Director	$0	$0	$0
MATTHEW MILLER	VICE CHAIR	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
2024	$772,825	$1,316,860	$6,962,645	$-544,035
2023	$1,625,592	$238,953	$6,958,250	$1,386,639
2022	$934,944	$596,098	$5,623,194	$338,846
2021	$733,206	$162,189	$5,335,932	$571,017
2020	$989,972	$2,077,433	$4,816,498	$-1,087,461
2019	$1,000,898	$140,232	$5,955,543	$860,666
2018	$993,270	$358,956	$5,146,461	$634,314

ECONOMIC DEVELOPMENT CORPORATION