BISHOP GORMAN DEVELOPMENT CORPORATION

EIN: 200409835 501(c)(3) Public & Societal Benefit

LAS VEGAS, NV

Total Revenue
$7,893,541
Total Expenses
$1,670,378
Total Assets
$53,406,205
Net Assets
$21,036,153
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2003
Principal Officer
MARCUS VALERIO
Phone
7027353500
Tax Period
2023-01-01 to 2023-12-31

BISHOP GORMAN DEVELOPMENT CORPORATION, founded in 2003, is a community nonprofit in the Public & Societal Benefit sector that reported $7.9M in total revenue in fiscal year 2023. Revenue fell 40% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $6.2M, a strong 79% operating margin.

Mission

RAISE FUNDS FOR, BUILD, AND LEASE A CAMPUS TO AFFILIATED ROMAN CATHOLIC ARCHDIOCESE FOR OPERATION AS A HIGH SCHOOL.

Program Service Accomplishments

Program 1
Expenses: $1,382,737 Revenue: $1,682,559

BGDC IS A NOT-FOR-PROFIT ORGANIZATION CREATED TO CONSTRUCT THE BISHOP GORMAN HIGH SCHOOL CAMPUS (THE SCHOOL) IN LAS VEGAS, NEVADA AND LEASE THE FACILITY TO THE ROMAN CATHOLIC ARCHBISHOP OF LAS VEGAS...

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BGDC IS A NOT-FOR-PROFIT ORGANIZATION CREATED TO CONSTRUCT THE BISHOP GORMAN HIGH SCHOOL CAMPUS (THE SCHOOL) IN LAS VEGAS, NEVADA AND LEASE THE FACILITY TO THE ROMAN CATHOLIC ARCHBISHOP OF LAS VEGAS TO OPERATE THE SCHOOL.

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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 $5,998,275
Program Service Revenue $1,682,559
Investment Income $212,707
Other Revenue $0
TOTAL REVENUE $7,893,541

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $1,382,737
Other Expenses $1,670,378
TOTAL EXPENSES $1,670,378

Year-over-Year Comparison

2023 2022 Change
Revenue $7,893,541 $13,119,971 -0.4%
Expenses $1,670,378 $1,290,895 +0.3%
Net Income $6,223,163 $11,829,076 -0.5%
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
4
Independent Members
4
Employees
N/A
Volunteers
4

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
$234,806
Total Directors
4
$234,806
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARCUS VALERIO TREASURER 1.00
Officer Director
$0 $19,250 $131,750
ARCHBISHOP GEORGE LEO THOMAS PRESIDENT 1.00
Officer Director
$0 $7,328 $103,056
LORENZO FERTITTA MEMBER 1.00
Director
$0 $0 $0
MICHAEL GAUGHAN SECRETARY 1.00
Officer 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 $7,893,541 $1,670,378 $53,406,205 $6,223,163
2022 $13,119,971 $1,290,895 $46,905,032 $11,829,076
2021 $2,816,340 $1,214,399 $36,116,294 $1,601,941
2020 $1,698,420 $1,331,864 $35,426,466 $366,556
2019 $16,758,128 $471,990 $107,356,219 $16,286,138
2018 $5,934,326 $14,358,394 $109,609,375 $-8,424,068
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