Civic Intelligence

Economic Development Council

990 • Fiscal year 2024 • EIN 82-0728391

Jan 01, 2024 to Dec 31, 2024 • Filed on May 15, 2025

Organization ProfilePARKERCOUNTYEDC.COM
400 W Interstate 20 Ste 101Weatherford, TX 76086

(817) 609-4131

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

45th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2024 filings • 501(c)6 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

45th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2024 filings • 501(c)6 • <$500k nonprofits • Source year 2024

Net Margin

36th percentile

-4.3%

Higher net margin than 36% of similar nonprofits.

2024 filings • 501(c)6 • <$500k nonprofits • Source year 2024

Top Officer Pay

100th percentile

$243,933

Higher top officer pay than 100% of similar nonprofits.

Top officer pay equals 60.8% of source-year revenue.

2024 filings • 501(c)6 • <$500k nonprofits • Source year 2024

Asset Growth

33rd percentile

-7.1%

Faster asset growth than 33% of similar nonprofits.

2024 filings • 501(c)6 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

62nd percentile

10%

Faster revenue growth than 62% of similar nonprofits.

2024 filings • 501(c)6 • <$500k nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets45th percentile

Assets

Down

$223,739

Down $17,083 (-7.1%) from 2023

Net Assets

Down

$223,739

Down $17,083 (-7.1%) from 2023

Liabilities

Flat

$0

Flat from 2023

Revenue And Expenses
Liabilities / Revenue45th percentileNet Margin36th percentile

Revenue

Up

$401,483

Up $36,733 (+10%) from 2023

Expenses

Up

$418,566

Up $74,222 (+22%) from 2023

Net Income

Down

-$17,083

Down $37,489 (-184%) from 2023

Historical Trend

Balance Sheet Trend

Asset Growth33rd percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$300K$200K$100K$0Assets 2017: $164,646Liabilities 2017: $17,449Net Assets 2017: $147,1972017Assets 2018: $113,959Liabilities 2018: $0Net Assets 2018: $113,9592018Assets 2019: $152,245Liabilities 2019: $1,324Net Assets 2019: $150,9212019Assets 2020: $208,507Liabilities 2020: $616Net Assets 2020: $207,8912020Assets 2021: $193,538Liabilities 2021: $0Net Assets 2021: $193,5382021Assets 2022: $220,416Liabilities 2022: $0Net Assets 2022: $220,4162022Assets 2023: $240,822Liabilities 2023: $0Net Assets 2023: $240,8222023Assets 2024: $223,739Liabilities 2024: $0Net Assets 2024: $223,7392024

Highlighted filing

2024

Assets$223,739
Liabilities$0
Net Assets$223,739
Open 2024 Filing

Operations Trend

Revenue Growth62nd percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$600K$400K$200K$0-$200KRevenue 2017: $270,196Expenses 2017: $122,999Net Income 2017: $147,1972017Revenue 2018: $246,250Expenses 2018: $279,488Net Income 2018: -$33,2382018Revenue 2019: $253,497Expenses 2019: $216,535Net Income 2019: $36,9622019Revenue 2020: $262,975Expenses 2020: $206,004Net Income 2020: $56,9712020Revenue 2021: $200,587Expenses 2021: $214,940Net Income 2021: -$14,3532021Revenue 2022: $245,927Expenses 2022: $219,049Net Income 2022: $26,8782022Revenue 2023: $364,750Expenses 2023: $344,344Net Income 2023: $20,4062023Revenue 2024: $401,483Expenses 2024: $418,566Net Income 2024: -$17,0832024

Highlighted filing

2024

Revenue$401,483
Expenses$418,566
Net Income-$17,083
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 15, 2025
Return Version
2024v5.0
Gross Receipts
$401,483
Mission and Program Overview

Mission

The economic development council of parker county has been formed to pursue, enhance, maintain and promote economic development and commerce.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$218,340$159,571▼ $58,769
Accounts Receivable$19,750$62,500▲ $42,750
Land, Buildings, and Equipment, Net$1,232$168▼ $1,064
Total Assets$240,822$223,739▼ $17,083
Other Assets Total$1,500$1,500→ $0
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$240,822$223,739▼ $17,083
Total Net Assets Fund Balance$240,822$223,739▼ $17,083
Total Liabilities and Net Assets / Fund Balance$240,822$223,739▼ $17,083

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$168$22,399$22,567
Compensation and Service Providers
Top Officer Pay100th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Chis StrayerExecutive DiFT$243,933$243,933
Chis StrayerExecutive Director-$243,933$243,933

Board Members and Trustees

NameTitle
Tim ClarkChairman
Stacy LynchPast Chair
Adam FeriendVice Chairma
Bexie NoblesAt-large Director
Patrick LawlerAt-large Director
Justin BradleySecretary
John HintonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$401,483
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-17,083
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$339,371
Other Expenses$79,195
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$319,063
Payroll Taxes---$20,308
All Other Expenses---$12,550
Office Expenses---$11,758
Other Expenses---$5,304
Depreciation Depletion---$1,064
Total Functional Expenses$0$0$0$418,566
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“Officers and directors review form 990 before submitting the return to the irs.”

Form 990, Page 6, Part VI, Line 19

“Governing documents are made available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Economic Development Council
EIN
82-0728391
Phone
8176094131
Address
400 W INTERSTATE 20 STE 101, WEATHERFORD, TX 76086

Signing Officer

Name
Chis Strayer
Title
Executive Director
Phone
5124706713
Signed
2025-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Chis Strayer
Formed
2017
Legal Domicile
TX
Voting Board Members
7
Independent Board Members
7
Employees
2

Preparer

Firm
Snow Garrett Williams
Address
1207 SANTA FE DR, WEATHERFORD, TX 76086-5819
Preparer
Casey Mitchell
Phone
8175969301
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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$223,739
Liabilities
$0
Net assets
$223,739
Revenue
$401,483
Expenses
$418,566
Net income
-$17,083
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.24$0.00$2.24$4.01$4.19$0.17
2023Detailed filing. Detailed filing data is available for this year.$2.41$0.00$2.41$3.65$3.44$0.20
2022Detailed filing. Detailed filing data is available for this year.$2.20$0.00$2.20$2.46$2.19$0.27
2021Detailed filing. Detailed filing data is available for this year.$1.94$0.00$1.94$2.01$2.15$0.14
2020Detailed filing. Detailed filing data is available for this year.$2.09$0.01$2.08$2.63$2.06$0.57
2019Detailed filing. Detailed filing data is available for this year.$1.52$0.01$1.51$2.53$2.17$0.37
2018Detailed filing. Detailed filing data is available for this year.$1.14$0.00$1.14$2.46$2.79$0.33
2017Detailed filing. Detailed filing data is available for this year.$1.65$0.17$1.47$2.70$1.23$1.47