COMMERCIAL SPACE PROGRESS FOUNDATION

EIN: 453763634 Community Improvement

LAS CRUCES, NM

Total Revenue
$83,608
Total Expenses
$68,589
Total Assets
$449,038
Net Assets
$449,038
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2011
Legal Domicile
NM
Principal Officer
PATRICIA HYNES
Phone
5756466414
Tax Period
2024-01-01 to 2024-12-31

COMMERCIAL SPACE PROGRESS FOUNDATION, founded in 2011, is a micro nonprofit in the Community Improvement sector that reported $84K in total revenue in fiscal year 2024. Revenue surged 33% from the prior year, signaling strong growth momentum. The organization ran a surplus of $15K, a strong 18% operating margin.

Mission

THE PURPOSE OF THE COMMERCIAL SPACE PROGRAM FOUNDATION IS TO PROVIDE ACTVITIES, PROGRAMS, AND EDUCATIONAL AND PROMOTIONAL OPPORTUNITIES RELATED TO THE COMMERCIAL SPACE INDUSTRY.

Program Service Accomplishments

Program 1
Expenses: $5,000 Revenue: $0

THE PURPOSE OF THE COMMERCIAL SPACE PROGRESS FOUNDATION IS TO PROVIDE ACTIVITIES, PROGRAMS AND EDUCATIONAL AND PROMOTIONAL OPPORTUNITIES RELATED TO THE COMMERCIAL SPACE INDUSTRY.

Program 2

N/A

Program 3

N/A

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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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $83,608
Other Revenue $0
TOTAL REVENUE $83,608

Expense Breakdown

Grants Paid $0
Salaries & Benefits $46,197
Fundraising Expenses $0
Program Expenses $5,000
Other Expenses $22,392
TOTAL EXPENSES $68,589

Year-over-Year Comparison

2024 2023 Change
Revenue $83,608 $62,860 +0.3%
Expenses $68,589 $57,265 +0.2%
Net Income $15,019 $5,595 +1.7%
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
3
Independent Members
2
Employees
1
Volunteers
3

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
1
$42,914
Total Directors
3
$42,914
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PATRICIA HYNES CEO AND DIRECTOR 2.00
Officer Director
$42,914 $0 $42,914
FRANCESKA SCHROEDER DIRECTOR 0.00
Director
$0 $0 $0
FREDERIK JENET DIRECTOR 0.00
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 $83,608 $68,589 $449,038 $15,019
2023 $62,860 $57,265 $426,486 $5,595
2022 $-7,289 $49,151 $407,027 $-56,440
2021 $73,299 $42,859 $468,326 $30,440
2020 $2,983 $22,772 $437,886 $-19,789
2019 $149,126 $193,013 $471,751 $-43,887
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