WALLER COUNTY ECONOMIC DEVELOPMENT PARTNERSHIP

EIN: 954895705 Community Improvement

HEMPSTEAD, TX

Total Revenue
$541,611
Total Expenses
$677,839
Total Assets
$398,344
Net Assets
$-167,848
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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
2002
Legal Domicile
TX
Principal Officer
WALLACE EVERITT
Phone
9799219059
Tax Period
2023-01-01 to 2023-12-31

WALLER COUNTY ECONOMIC DEVELOPMENT PARTNERSHIP, founded in 2002, is a small nonprofit in the Community Improvement sector that reported $542K in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $678K exceeded revenue, resulting in a 25% operating deficit.

Mission

PROMOTE POSITIVE ECONOMIC GROWTH IN WALLER COUNTY, TEXAS.

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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 $470,406
Program Service Revenue $0
Investment Income $24,498
Other Revenue $46,707
TOTAL REVENUE $541,611

Expense Breakdown

Grants Paid $0
Salaries & Benefits $590,439
Fundraising Expenses $60,648
Other Expenses $87,400
TOTAL EXPENSES $677,839

Year-over-Year Comparison

2023 2022 Change
Revenue $541,611 $471,081 +0.1%
Expenses $677,839 $543,532 +0.2%
Net Income $-136,228 $-72,451 +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

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Governance

Voting Members
36
Independent Members
36
Employees
3
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
3
$0
Total Directors
36
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PATRICK BEECHER DIRECTOR N/A
Director
$0 $0 $0
PAUL CATES DIRECTOR N/A
Director
$0 $0 $0
KEITH DALTON DIRECTOR N/A
Director
$0 $0 $0
WALLACE EVERITT PRESIDENT N/A
Officer Director
$0 $0 $0
MARK GEHRINGER DIRECTOR N/A
Director
$0 $0 $0
ANDY GRIEVE DIRECTOR N/A
Director
$0 $0 $0
ANGEL GUADALUPE DIRECTOR N/A
Director
$0 $0 $0
BYRON HEBERT DIRECTOR N/A
Director
$0 $0 $0
MELISSA HEGEMEYER DIRECTOR N/A
Director
$0 $0 $0
TERRY HLAVINKA DIRECTOR N/A
Director
$0 $0 $0
KEVIN HOFFMAN DIRECTOR N/A
Director
$0 $0 $0
JOHN ISOM DIRECTOR N/A
Director
$0 $0 $0
WILL JORDAN DIRECTOR N/A
Director
$0 $0 $0
HEATHER JURENKA DIRECTOR N/A
Director
$0 $0 $0
DAVID KINNEY DIRECTOR N/A
Director
$0 $0 $0
HARVEY LAAS SECRETARY N/A
Officer Director
$0 $0 $0
STEPHANIE LOVING DIRECTOR N/A
Director
$0 $0 $0
REBECCA MANSFIELD DIRECTOR N/A
Director
$0 $0 $0
MARCELO MOACYR DIRECTOR N/A
Director
$0 $0 $0
BOB NICKLES DIRECTOR N/A
Director
$0 $0 $0
ANDY PERRY DIRECTOR N/A
Director
$0 $0 $0
TIM PHELAN VICE PRESIDE N/A
Officer Director
$0 $0 $0
GLENN PLOWMAN DIRECTOR N/A
Director
$0 $0 $0
ANDREW RUE DIRECTOR N/A
Director
$0 $0 $0
JIM RUSS DIRECTOR N/A
Director
$0 $0 $0
J R RICHARDSON DIRECTOR N/A
Director
$0 $0 $0
BILL SAYRE DIRECTOR N/A
Director
$0 $0 $0
TRAVIS SELLERS DIRECTOR N/A
Director
$0 $0 $0
ERIC SMITH DIRECTOR N/A
Director
$0 $0 $0
MARC SPIEGEL DIRECTOR N/A
Director
$0 $0 $0
OLIVER SALGADO DIRECTOR N/A
Director
$0 $0 $0
TIM THOMAS DIRECTOR N/A
Director
$0 $0 $0
HARRY THOMPSON DIRECTOR N/A
Director
$0 $0 $0
BRETT WALKER DIRECTOR N/A
Director
$0 $0 $0
RAUL WONG DIRECTOR N/A
Director
$0 $0 $0
RUSS WALKER DIRECTOR N/A
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 No data No data No data No data
2023 $541,611 $677,839 $398,344 $-136,228
2022 $471,081 $543,532 $393,511 $-72,451
2021 $397,985 $400,022 $617,786 $-2,037
2020 $348,978 $302,793 $583,700 $46,185
2019 $309,575 $254,622 $270,548 $54,953
2018 $282,670 $202,505 $215,200 $80,165
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