FORT WORTH ECONOMIC DEVELOPMENT PARTNERSHIP (EIN 922954378) - Form 990 Financial Analysis & Trantor Score

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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

2023

Legal Domicile

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

IT IS THE MISSION OF THE FORT WORTH ECONOMIC DEVELOPMENT PARTNERSHIP TO PROMOTE THE FORT WORTH REGION TO FUEL ECONOMIC GROWTH AND DEVELOPMENT.

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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%)

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

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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

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

$1,404,945

Total Directors

$1,126,086

Key Employees

Highest Compensated

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

FORT WORTH ECONOMIC DEVELOPMENT PARTNERSHIP