East Texas Regional Development Company Inc
Nonprofit profile at a glance
- EIN
- 751851544
- IRS 990-EZ coverage
- 2010–2024
- Forms available
- Form 990 2023, Form 990-EZ 2024
- Location
- Kilgore, TX, USA
- Phone
- 9032186411
- Rating confidence
- Limited
Reported finances
- Revenue
- $194,054
- Expenses
- $221,105
- Assets
- $411,320
- Liabilities
- $641,255
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
10 people listed
People named in this filing
- GARY SORRELS (DIRECTOR)
- ALAN CLARK (DIRECTOR)
- SHELBY JACOBS (DIRECTOR)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Our mission is to promote and assist with the economic development of east Texas through small business lending. Our primary lending program is the sba 504 small business loan.
What it reported doing in 2024
Etrdc receives loan requests submitted by small businesses for sba 504 loans and chapman loans. The loans help create or retain full-time permanent employment in the area.
Operating model
- Revenue model
- Earned-program. 99% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.
Rating breakdown
- Financial Efficiency: NotEnoughData
- Transparency & Controls: 82
- Sustainability: 36
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: -13.9%; rating input score 12; 12th percentile among comparable filings
- Total-asset coverage ratio: 1.86; rating input score 78; 78th percentile among comparable filings
- Liabilities to assets ratio: 1.56; rating input score 3; 3rd percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: 5.5% per year; rating input score 100; 50th percentile among comparable filings
- Asset growth: 2.1% per year; rating input score 100; 34th percentile among comparable filings
Details
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment
- Leadership: top reported pay $0 · 10 people listed
- Consistency: 7 of 7 current checks pass
- Schedules: 1 filed schedules
- Filing history: 12 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Related organizations: 1 filed related-organization link
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Sustainability: Operating margin scored 12/100.
- High — Sustainability: Liabilities to assets ratio scored 3/100.