WALLER COUNTY ECONOMIC DEVELOPMENT… - Form 990 Financial Data

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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

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.

Program Service Accomplishments

Program 1

TO FOSTER INCREASED, ENVIRONMENTALLY BALANCED BUSINESS COMMERCE, POSITIVE GROWTH, AND OVERALL COOPERATION AND COORDINATION FOR ALL COMMUNITIES THROUGHOUT 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%)

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

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

Total Directors

Key Employees

Highest Compensated

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

WALLER COUNTY ECONOMIC DEVELOPMENT PARTNERSHIP