SOUTHERN ECONOMIC ASSOCIATION C/O FREE MARKET INSTITUTE

EIN: 900482770 501(c)(3) Education

LUBBOCK, TX

Total Revenue
$571,803
Total Expenses
$609,733
Total Assets
$1,375,793
Net Assets
$1,375,793
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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
2009
Legal Domicile
TN
Principal Officer
BENJAMIN POWELL
Phone
8067427138
Tax Period
2025-01-01 to 2025-12-31

SOUTHERN ECONOMIC ASSOCIATION C/O FREE MARKET INSTITUTE, founded in 2009, is a small nonprofit in the Education sector that reported $572K in total revenue in fiscal year 2025. Revenue decreased 17% compared to the prior year. Net assets of $1.4M represent 29 months of operating reserves.

Mission

FURTHER EDUCATE SCHOLARS AND THE PUBLIC IN ECONOMIC AFFAIRS; HELD ANNUAL CONFERENCE; PUBLISHED SOUTHERN ECONOMIC JOURNAL.

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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 (2025)

Revenue Breakdown

Contributions & Grants $74,362
Program Service Revenue $454,748
Investment Income $42,693
Other Revenue $0
TOTAL REVENUE $571,803

Expense Breakdown

Grants Paid $0
Salaries & Benefits $65,043
Fundraising Expenses $0
Program Expenses $316,365
Other Expenses $544,690
TOTAL EXPENSES $609,733

Year-over-Year Comparison

2025 2024 Change
Revenue $571,803 $684,911 -0.2%
Expenses $609,733 $777,575 -0.2%
Net Income $-37,930 $-92,664 -0.6%
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
10
Independent Members
N/A
Employees
N/A
Volunteers
16

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
12
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DR OMARI SWINTON TRUSTEE 0.50
Director
$0 $0 $0
DR LE WANG TRUSTEE 0.50
Director
$0 $0 $0
DR CLAUDIA KRAMER TRUSTEE 0.50
Director
$0 $0 $0
DR JOSE FERNANDEZ TRUSTEE 0.50
Director
$0 $0 $0
DR GLENN BLOMQUIST PRESIDENT 0.50
Officer
$0 $0 $0
DR DONNA GINTHER PRESIDENT-ELECT 0.50
Officer
$0 $0 $0
DR LAURA TAYLOR FIRST VICE PRESIDENT 0.50
Officer
$0 $0 $0
DR CHRISTOPHER BOLLINGER SECOND VICE PRESIDENT 0.50
Officer
$0 $0 $0
DR BENJAMIN POWELL SECRETARY/TREASURER 10.00
Officer
$0 $0 $0
DR CHARLES COURTEMANCHE EDITOR OF THE SEJ 0.50
Officer
$0 $0 $0
DR PIA ORRENIUS PAST PRESIDENT 0.50
Officer
$0 $0 $0
DR GARY A HOOVER PAST PRESIDENT 0.50
Officer
$0 $0 $0
DR ARTHUR H GOLDSMITH NOMINATING COMMITTEE CHAIR 0.50
Officer
$0 $0 $0
TODD J ZYWICKI LEGAL COUNSEL 0.50
Officer
$0 $0 $0
DR BRYAN C MCCANNON OF COUNSEL TO SEA 0.50
Officer
$0 $0 $0
MRS ESTEFANIA LUJAN PADILLA ASSISTANT TO SECRETARY/TREASURER 20.00
Officer
$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 $571,803 $609,733 $1,375,793 $-37,930
2024 $684,911 $777,575 $1,413,723 $-92,664
2023 $595,210 $605,936 $1,506,387 $-10,726
2022 $621,010 $596,711 $1,517,113 $24,299
2021 $554,964 $548,860 $1,492,814 $6,104
2020 $420,137 $347,967 $1,486,710 $72,170
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