Liabilities / Assets
65th percentile
Higher debt load relative to assets than 65% of similar nonprofits.
EIN 27-0925328 • 501(c)3 • Alto, TX
Profile
To promote business expansion in the alto area that builds a stronger, more diversified economy and increases the economic vitality and wealth of the community.
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
Liabilities / Assets
65th percentile
Higher debt load relative to assets than 65% of similar nonprofits.
Liabilities / Revenue
75th percentile
Higher debt load relative to revenue than 75% of similar nonprofits.
Net Margin
78th percentile
Higher net margin than 78% of similar nonprofits.
Top Officer Pay
84th percentile
Higher top officer pay than 84% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
63rd percentile
Faster asset growth than 63% of similar nonprofits.
Revenue Growth
52nd percentile
Faster revenue growth than 52% of similar nonprofits.
Assets
Up$458,486
Up $49,431 (+12%) from 2023
Liabilities
Down$2,097
Down $579 (-22%) from 2023
Net Assets
Up$456,389
Up $50,010 (+12%) from 2023
Revenue
Up$114,550
Up $8,892 (+8.4%) from 2023
Expenses
Up$85,500
Up $18,277 (+27%) from 2023
Net Income
Down$29,050
Down $9,385 (-24%) from 2023
Most recent year
2024 • Form 990EZXML pending. An XML filing is linked for this year, but detailed extraction is still pending.
The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2022 below.
To promote business expansion in the alto area that builds a stronger, more diversified economy and increases the economic vitality and wealth of the community.
| Description | Grants | Expenses |
|---|---|---|
| TO PROMOTE BUSINESS EXPANSION IN THE ALTO AREA THAT BUILDS A STRONGER, MORE DIVERSIFIED ECONOMY AND INCREASES THE ECONOMIC VITALITY AND WEALTH OF THE COMMUNITY. | - | - |
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| CAREY PALMER | President | - | $0 | - | - |
| CODY ALLEN | Director | - | $0 | - | - |
| JAMES D PEARMAN | Treasurer | - | $0 | - | - |
| LARRY GRIFFITH | Secretary | - | $0 | - | - |
| RON ROSE | Director | - | $0 | - | - |
| MARY MITCHELL | Director | - | $0 | - | - |
| KENNETH HICKS | Director | - | $0 | - | - |
“Office Expenses $352”
“Travel $200”
“Depreciation $6842”
“Insurance $500”
“SUPPLIES $3872”
“TELEPHONE $1530”
“UTILITIES $1334”
“INSTALLATION $900”
“Dues & subscriptions $361”
“Mileage reimbursement $123”
“MEMORIUM PLAQUE $22”
“Machinery and Equipment - Beginning $2938 Machinery and Equipment - Ending $1763”
“PAYROLL LIABILITIES - Beginning $2386 PAYROLL LIABILITIES - Ending $2626”
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
| Path | # | Value |
|---|---|---|
| IRS990EZ/ActivitiesNotPreviouslyRptInd | 0 | false |
| IRS990EZ/BooksInCareOfDetail/PersonNm | 0 | CAREY PALMER |
| IRS990EZ/BooksInCareOfDetail/PhoneNum | 0 | 9368584412 |
| IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 278 SOUTH MARCUS |
| IRS990EZ/BooksInCareOfDetail/USAddress/CityNm | 0 | ALTO |
| IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | TX |
| IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 75925 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt | 0 | 136956 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 164534 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | false |
| IRS990EZ/ContributionsGiftsGrantsEtcAmt | 0 | 81306 |
| IRS990EZ/CostOfGoodsSoldAmt | 0 | 0 |
| IRS990EZ/CostOrOtherBasisExpenseSaleAmt | 0 | 0 |
| IRS990EZ/DonorAdvisedFndsInd | 0 | false |
| IRS990EZ/EngagedInExcessBenefitTransInd | 0 | false |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | 20506 |
| IRS990EZ/FeesAndOtherPymtToIndCntrctAmt | 0 | 6081 |
| IRS990EZ/FiledScheduleAInd | 0 | true |
| IRS990EZ/ForeignFinancialAccountInd | 0 | false |
| IRS990EZ/ForeignOfficeInd | 0 | false |
| IRS990EZ/Form1120PolFiledInd | 0 | false |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 349834 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 370570 |
| IRS990EZ/FundraisingGrossIncomeAmt | 0 | 0 |
| IRS990EZ/GrossReceiptsAmt | 0 | 81758 |
| IRS990EZ/InfoInScheduleOPartIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/InvestmentIncomeAmt | 0 | 452 |
| IRS990EZ/LandAndBuildingsGrp/BOYAmt | 0 | 209940 |
| IRS990EZ/LandAndBuildingsGrp/EOYAmt | 0 | 204273 |
| IRS990EZ/LobbyingActivitiesInd | 0 | false |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | false |
| IRS990EZ/MethodOfAccountingCashInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | 347448 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | 367944 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | 347448 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | 367944 |
| IRS990EZ/OccupancyRentUtltsAndMaintAmt | 0 | 5485 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 4 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 5 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 6 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 4 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 5 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 6 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | CAREY PALMER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 1 | CODY ALLEN |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 2 | JAMES D PEARMAN |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 3 | LARRY GRIFFITH |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 4 | RON ROSE |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 5 | MARY MITCHELL |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 6 | KENNETH HICKS |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | President |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 1 | Director |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 2 | Treasurer |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 3 | Secretary |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 4 | Director |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 5 | Director |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 6 | Director |
| IRS990EZ/OperateHospitalInd | 0 | false |
| IRS990EZ/Organization501c3Ind | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | false |
| IRS990EZ/OrganizationHadUBIInd | 0 | false |
| IRS990EZ/OtherAssetsTotalDetail/BOYAmt | 0 | 2938 |
| IRS990EZ/OtherAssetsTotalDetail/EOYAmt | 0 | 1763 |
| IRS990EZ/OtherChangesInNetAssetsAmt | 0 | -10 |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 16036 |
| IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt | 0 | NONE |
| IRS990EZ/PartVIOfCompOfHghstPdEmplTxt | 0 | NONE |
| IRS990EZ/PoliticalCampaignActyInd | 0 | false |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | TO PROMOTE BUSINESS EXPANSION IN THE ALTO AREA THAT BUILDS A STRONGER, MORE DIVERSIFIED ECONOMY AND INCREASES THE ECONOMIC VITALITY AND WEALTH OF THE COMMUNITY. |
| IRS990EZ/PrintingPublicationsPostageAmt | 0 | 151 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | TO PROMOTE BUSINESS EXPANSION IN THE ALTO AREA THAT BUILDS A STRONGER, MORE DIVERSIFIED ECONOMY AND INCREASES THE ECONOMIC VITALITY AND WEALTH OF THE COMMUNITY. |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990EZ/SalariesOtherCompEmplBnftAmt | 0 | 33499 |
| IRS990EZ/ScheduleBNotRequiredInd | 0 | X |
| IRS990EZ/SchoolOperatingInd | 0 | false |
| IRS990EZ/SpecialEventsDirectExpensesAmt | 0 | 0 |
| IRS990EZ/SubjectToProxyTaxInd | 0 | false |
| IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt | 0 | 2386 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 2626 |
| IRS990EZ/TanningServicesProvidedInd | 0 | false |
| IRS990EZ/TaxImposedOnOrganizationMgrAmt | 0 | 0 |
| IRS990EZ/TaxImposedUnderIRC4911Amt | 0 | 0 |
| IRS990EZ/TaxImposedUnderIRC4912Amt | 0 | 0 |
| IRS990EZ/TaxImposedUnderIRC4955Amt | 0 | 0 |
| IRS990EZ/TaxReimbursedByOrganizationAmt | 0 | 0 |
| IRS990EZ/TotalExpensesAmt | 0 | 61252 |
| IRS990EZ/TotalRevenueAmt | 0 | 81758 |
| IRS990EZ/TransactionWithControlEntInd | 0 | false |
| IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd | 0 | false |
| IRS990EZ/WebsiteAddressTxt | 0 | N/A |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt | 0 | 81306 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt | 0 | 81315 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 50818 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 235088 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 53936 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt | 0 | 502463 |
| IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/OtherIncome170Grp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/PublicOrganization170Ind | 0 | X |
| IRS990ScheduleA/PublicSupportCY170Pct | 0 | 1.00000 |
| IRS990ScheduleA/PublicSupportPY170Pct | 0 | 1.00000 |
| IRS990ScheduleA/PublicSupportTotal170Amt | 0 | 502463 |
| IRS990ScheduleA/SubstantialContributorsTotAmt | 0 | 0 |
| IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind | 0 | X |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt | 0 | 81306 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt | 0 | 81315 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 50818 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 235088 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 53936 |
| IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt | 0 | 502463 |
| IRS990ScheduleA/TotalSupportAmt | 0 | 502463 |
| IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt | 0 | 0 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | Office Expenses $352 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | Travel $200 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | Depreciation $6842 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | Insurance $500 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | SUPPLIES $3872 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | TELEPHONE $1530 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 6 | UTILITIES $1334 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 7 | INSTALLATION $900 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 8 | DUES & SUBSCRIPTIONS $361 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 9 | MILEAGE REIMBURSEMENT $123 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 10 | MEMORIUM PLAQUE $22 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 11 | Machinery and Equipment - Beginning $2938 Machinery and Equipment - Ending $1763 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 12 | PAYROLL LIABILITIES - Beginning $2386 PAYROLL LIABILITIES - Ending $2626 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Other Expenses.1002 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | Other Expenses.1005 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | Other Expenses.1009 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | Other Expenses.1012 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | Other Expenses.1 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | Other Expenses.2 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 6 | Other Expenses.3 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 7 | Other Expenses.4 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 8 | Other Expenses.5 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 9 | Other Expenses.6 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 10 | Other Expenses.9 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 11 | Other Assets.1003 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 12 | Total Liabilities.1 |
| ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd | 0 | AAL1 |
| ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/FederatedAssuranceLevelCd | 0 | FAL1 |
| ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd | 0 | IAL1 |
| ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd | 0 | 2 |
| ReturnHeader/BuildTS | 0 | 2023-04-26 12:10:37Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | true |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | CAREY PALMER |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | President |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2023-11-15 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | ALTO ECONOMIC DEVELOPMENT CORPORATION |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | ALTO |
| ReturnHeader/Filer/EIN | 0 | 270925328 |
| ReturnHeader/Filer/PhoneNum | 0 | 9368584412 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | PO BOX 7 |
| ReturnHeader/Filer/USAddress/CityNm | 0 | ALTO |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | TX |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 75925 |
| ReturnHeader/IRSResponsiblePrtyInfoCurrInd | 0 | true |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 261487593 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | Anita Woodlee-Roach & Associates PC |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 565 N Main St |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | Rusk |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | TX |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 75785 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 9036831002 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | Anita Woodlee-Roach CPA |
| ReturnHeader/ReturnTs | 0 | 2023-11-15T08:58:21-08:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm | 0 | CAREY |
| ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm | 0 | PALMER |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2022-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2022-12-31 |
| ReturnHeader/TaxYr | 0 | 2022 |
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