FORT WORTH ECONOMIC DEVELOPMENT PARTNERSHIP

EIN: 922954378 Community Improvement

FORT WORTH, TX

Total Revenue
$2,418,410
Total Expenses
$2,368,546
Total Assets
$1,101,164
Net Assets
$496,987
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
2023
Legal Domicile
TX
Principal Officer
ROBERT ALLEN
Phone
8173362491
Tax Period
2024-01-01 to 2024-12-31

FORT WORTH ECONOMIC DEVELOPMENT PARTNERSHIP, founded in 2023, is a community nonprofit in the Community Improvement sector that reported $2.4M in total revenue in fiscal year 2024. Revenue surged 73% from the prior year, signaling strong growth momentum.

Mission

THE FORT WORTH EDP IS DEDICATED TO POSITIONING FORT WORTH AS THE MOST VIBRANT AND SUSTAINABLE U.S. CITY BY WORKING WITH BUSINESS AND COMMUNITY LEADERS, AS WELL AS STATE AND LOCAL PARTNERS, TO EXECUTE STRATEGIC ECONOMIC DEVELOPMENT.

Program Service Accomplishments

Program 1

WORKS DIRECTLY WITH PUBLIC AND PRIVATE PARTNERS AT THE LOCAL, STATE, AND NATIONAL LEVELS TO ACCOMPLISH STRATEGIC ECONOMIC DEVELOPMENT OUTCOMES, INCLUDING DIVERSIFYING THE LOCAL ECONOMY AND IMPROVING...

Read more

WORKS DIRECTLY WITH PUBLIC AND PRIVATE PARTNERS AT THE LOCAL, STATE, AND NATIONAL LEVELS TO ACCOMPLISH STRATEGIC ECONOMIC DEVELOPMENT OUTCOMES, INCLUDING DIVERSIFYING THE LOCAL ECONOMY AND IMPROVING OPPORTUNITIES AND PRODUCTIVITY FOR FORT WORTH RESIDENTS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

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

Sign In — Free (10 views/day)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $2,415,801
Investment Income $2,609
Other Revenue $0
TOTAL REVENUE $2,418,410

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,718,534
Fundraising Expenses $0
Other Expenses $650,012
TOTAL EXPENSES $2,368,546

Year-over-Year Comparison

2024 2023 Change
Revenue $2,418,410 $1,398,513 +0.7%
Expenses $2,368,546 $951,390 +1.5%
Net Income $49,864 $447,123 -0.9%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Sign In

Governance

Voting Members
12
Independent Members
11
Employees
6
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
2
$1,404,945
Total Directors
12
$1,126,086
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ROBERT ALLEN PRESIDENT/CEO 40.00
Officer Director
$1,064,100 $61,986 $1,126,086
MIKE BERRY CHAIR 3.00
Director
$0 $0 $0
MARIANNE ALUD VICE CHAIR 3.00
Director
$0 $0 $0
DAN BERCE TREASURER 3.00
Director
$0 $0 $0
RUSTY REID SECRETARY 3.00
Director
$0 $0 $0
JOHN GOFF DIRECTOR 0.30
Director
$0 $0 $0
ELAINE AGATHER DIRECTOR 0.30
Director
$0 $0 $0
DAVID ENDICOTT DIRECTOR 0.30
Director
$0 $0 $0
ROBERT ISOM DIRECTOR 0.30
Director
$0 $0 $0
GREG ULMER DIRECTOR 0.30
Director
$0 $0 $0
KATIE FARMER DIRECTOR 0.30
Director
$0 $0 $0
LISA ATHERTON DIRECTOR 0.30
Director
$0 $0 $0
JESSICA HEER EXECUTIVE VICE PRESIDENT 40.00
Officer
$264,000 $14,859 $278,859
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 $2,418,410 $2,368,546 $1,101,164 $49,864
2023 $1,398,513 $951,390 $510,581 $447,123
Explore More Nonprofits
→Top 100 Nonprofits in Texas →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare FORT WORTH ECONOMIC DEVELOPMENT PARTNERSHIP with other nonprofits in Texas and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.