LOBO DEVELOPMENT CORPORATION (EIN 421759020) - Form 990 Financial Analysis & Trantor Score

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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

2007

Legal Domicile

Principal Officer

TERESA COSTANTINIDIS

Phone

5059251610

Tax Period

2024-07-01 to 2025-06-30

LOBO DEVELOPMENT CORPORATION, founded in 2007, is a community nonprofit in the Education sector that reported $2.5M in total revenue in fiscal year 2024. Revenue fell 36% from the prior year — a significant decline worth monitoring. Expenses of $4.7M exceeded revenue, resulting in a 86% operating deficit.

Mission

THE ACTIVITIES OF LOBO DEVELOPMENT CORPORATION INCLUDE THE ACQUISITION, DEVELOPMENT, DISPOSITION AND RENTAL OF REAL ESTATE FOR THE BENEFIT OF THE UNIVERSITY OF NEW MEXICO.

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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 (2024)

Revenue Breakdown

Contributions & Grants $245,780

Program Service Revenue $1,978,260

Investment Income $325,326

Other Revenue $0

TOTAL REVENUE $2,549,366

Expense Breakdown

Grants Paid $0

Salaries & Benefits $594,053

Fundraising Expenses $0

Program Expenses $4,490,533

Other Expenses $4,140,868

TOTAL EXPENSES $4,734,921

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,549,366	$3,965,136	-0.4%
Expenses	$4,734,921	$2,249,532	+1.1%
Net Income	$-2,185,555	$1,715,604	-2.3%

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

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

$808,878

Total Directors

$4,133,512

Key Employees

$257,312

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DOUGLAS ZIEDONIS	DIRECTOR (THROUGH 08/01/2024)	1.00	Director	$0	$73,778	$949,961
MICHAEL R RICHARDS	DIRECTOR	1.00	Director	$0	$128,353	$871,804
GARNETT STOKES	DIRECTOR	1.00	Director	$0	$158,267	$783,348
JAMES HOLLOWAY	DIRECTOR	1.00	Director	$0	$148,599	$540,599
EDDIE NUNEZ	DIRECTOR (THROUGH 08/01/2024)	1.00	Director	$0	$64,495	$411,649
TERESA COSTANTINIDIS	CHIEF EXECUTIVE OFFICER	1.00	Officer Director	$0	$134,689	$481,494
FERNANDO LOVO	DIRECTOR	1.00	Director	$0	$8,843	$94,657
PAUL BLANCHARD	CHAIR	1.00	Officer Director	$0	$0	$0
STEPHEN J CIEPIELA	VICE CHAIR	1.00	Officer Director	$0	$0	$0
RICK SIEGEL	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
ERIC K EGGINS	DIRECTOR	1.00	Director	$0	$0	$0
LOUIS ABRUZZO	DIRECTOR	1.00	Director	$0	$0	$0
VICTOR REYES	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM PAYNE	CHAIR (THROUGH 09/01/2024)	1.00	Officer Director	$0	$0	$0
SHAWNA WOLFE	CHIEF BUSINESS OFFICER	1.00	Officer	$0	$80,699	$327,384
DAVID CAMPBELL	EXECUTIVE DIRECTOR (THROUGH 3/31/25)	40.00	Key Emp	$241,862	$15,450	$257,312
KEELIE GARCIA	DIRECTOR OF OPERATIONS	40.00	Highest	$131,558	$20,902	$152,460

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
2025	$2,549,366	$4,734,921	$24,333,130	$-2,185,555
2024	$3,965,136	$2,249,532	$28,590,770	$1,715,604
2023	$2,736,227	$2,341,488	$28,676,195	$394,739
2022	$2,623,304	$2,144,453	$30,104,169	$478,851
2021	$2,253,503	$2,376,235	$20,719,947	$-122,732
2020	$2,497,639	$1,976,300	$21,244,370	$521,339
2019	$2,393,997	$2,103,340	$21,469,953	$290,657
2018	$3,595,284	$1,852,468	$21,379,782	$1,742,816

LOBO DEVELOPMENT CORPORATION