GALLUP, NM
4 risk indicators measuring financial stability and operational resilience
Sign in with your work email to view Tuckman-Chang indicators
Sign In — Free (10 views/day)GREATER GALLUP ECONOMIC DEVELOPMENT CORPORATION is a small nonprofit in the Community Improvement sector that reported $571K in total revenue in fiscal year 2023. Expenses of $650K exceeded revenue, resulting in a 14% operating deficit.
IT IS THE MISSION OF THE GGEDC TO DRIVE ECONOMIC GROWTH IN THE GALLUP- MCKINLEY COUNTY AREA THROUGH BUILDING ON LOCAL ASSETS AND STRATEGIC PARTNERING TO ATTRACT, RECRUIT AND RETAIN BUSINESS AND INDUSTRIAL EMPLOYERS THAT PROVIDE ECONOMIC-BASE JOBS AND TO SUPPORT AD PROMOTE A BUSINESS- FRIENDLY ENVIRONMENT.
(1)BUSINESS ATTRACTION & RECRUITMENT (BAR): UNDER THE GGEDCS CORE BUSINESS ATTRACTION AND RECRUITMENT (BAR) PROGRAM, THE GGEDC SECURED AND BEGAN EXECUTION OF A CONTRACT FROM MCKINLEY COUNTY (RENEWED...
(1)BUSINESS ATTRACTION & RECRUITMENT (BAR): UNDER THE GGEDCS CORE BUSINESS ATTRACTION AND RECRUITMENT (BAR) PROGRAM, THE GGEDC SECURED AND BEGAN EXECUTION OF A CONTRACT FROM MCKINLEY COUNTY (RENEWED FOR ANOTHER YEAR AT JULY 1, 2024) TO OVERSEE AND COORDINATE THE WORK OF CONSULTANT TEAMS ON THREE INTER-RELATED DEVELOPMENT PROJECTS,ENGAGED BY THE COUNTY TO PLAN AND DESIGN: (A) AN AUTONOMOUS VEHICLES TEST TRACK COMPLEX; (B) A HYDROGEN FUEL HUB; AND (C) A MULTI-FUNCTIONAL INLAND PORT FACILITY. GGEDC STAFF AND LOCAL CONSULTANTS ASSISTED THE COUNTY IN THE RFP/CONSULTANT PROCUREMENT PROCESS AND THEN COORDINATED COMMUNICATIONS AND TRACKED PROGRESS ON EACH OF THE INITIATIVES. THESE EFFORTS WERE FUNDED BY THREE PLANNING AND DESIGN GRANTS FROM THE NEW MEXICO DEPARTMENT OF TRANSPORTATION (NMDOT). THE GGEDC ALSO BEGAN WORK UNDER ITS CONTRACT WITH THE CITY OF GALLUP (ALSO PURSUANT TO AN NMDOT GRANT) TO SECURE EXPERT ASSISTANCE IN OBTAINING FROM US CUSTOMS A FOREIGN TRADE ZONE AND USER-FEE AIRPORT DESIGNATION FOR THE GALLUP MUNICIPAL AIRPORT AN INITIATIVE LIKEWISE INTERRELATED WITH THE INLAND PORT COMPLEX DESIGN. THIS CERTIFICATION PROCESS IS RUNNING IN PARALLEL WITH PLANS FOR REHABILITATION OF THE AIRPORT TERMINAL FACILITY. HIGHLIGHTS OF THE ORGANIZATIONS BAR WORK INCLUDED TWO ECONOMIC ROUNDTABLE CONFERENCES FOCUSED ON THE TRADEPORT INITIATIVES: ONE WAS HELD IN SANTA FE IN JANUARY 2024 (OVER 60 IN ATTENDANCE); AND THE SECOND ONE WAS HELD IN GALLUP IN JUNE 2024 (ABOUT 40 IN ATTENDANCE). THE REPORTS AND PRESENTATIONS AT THESE EVENTS WERE OUTSTANDING, ADDING GREAT VALUE TO THE GGEDCS WORK. (2) MARKETING: THE GGEDCS BAR AND MARKETING EFFORTS INCLUDED (A) CLOSE COMMUNICATION WITH AND TECHNICAL ASSISTANCE TO A NUMBER OF COMPANIES CONSIDERING RELOCATING TO THE GREATER GALLUP AREA, RESULTING IN ONE COMPANY COMMITTING TO RELOCATE AND SEVERAL COMPANIES SUSTAINING INTEREST; AND (B) ATTENDANCE AND NETWORKING WITH INDUSTRY LEADERS AT SEVERAL NATIONAL CONFERENCES, INCLUDING THE TRANSATLANTIC BUSINESS INVESTMENT COUNCIL (TBIC), JOURNAL OF COMMERCE (JOC) INLAND DISTRIBUTION CONFERENCE, THE INTERNATIONAL MANUFACTURING TECHNOLOGY SHOW (IMTS), THE SELECT USA TRADE SHOW, AND THE BREAKBULK TRADE SHOW. THE GGEDC ACHIEVED RECERTIFICATION BY TBIC, AS WELL AS BY THE NEW MEXICO ECONOMIC DEVELOPMENT DEPARTMENT AS A CERTIFIED ECONOMIC DEVELOPMENT ORGANIZATION. (3) BUSINESS RETENTION & EXPANSION (BRE): THE GGEDC CONTINUED AND REFINED ITS AWARD-WINNING BUSINESS RETENTION AND EXPANSION (BRE) PROGRAM, INCLUDING SEMI-ANNUAL INTERVIEWS WITH KEY ECONOMIC-BASE EMPLOYERS AND RECOGNITION OF A LOCAL EMPLOYER,PEABODY COAL COMPANY, FOR ITS ECONOMIC CONTRIBUTIONS TO THE REGION. THE GGEDC ALSO ACTIVELY CONTINUED ITS SUPPORT FOR EXPANSION OF THE MCKINLEY PAPER OPERATION LOCATED AT PREWITT IN EASTERN MCKINLEY COUNTY. THE GGEDC RECEIVED AN AWARD FROM THE INTERNATIONAL ECONOMIC DEVELOPMENT COUNCIL(IEDC) FOR ITS OUTSTANDING WORK IN ORGANIZING AND HOSTING ECONOMIC DEVELOPMENT WEEK IN THE GREATER GALLUP COMMUNITY.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
Sign in to view Trantor Score and financial metrics
Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $571,230 | $556,145 | +0.0% |
| Expenses | $650,186 | $625,000 | +0.0% |
| Net Income | $-78,956 | $-68,855 | +0.1% |
Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics
Financial Distress Indicator
Liquidity & Cash Position
Sign in to view all financial metrics
Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| TOMMY HAWS | PRESIDENT | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| RICK MURPHY | VICE-PRESIDE | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| JOE MESICH | TREASURER | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| KEVIN TAIRA | SECRETARY | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| LOUIE BONAGUIDI | DIRECTOR | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| KUMAR YOGASH | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| TONY TANNER | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| PATRICIA LUNDSTROM | EXECUTIVE DI | 40.00 |
Officer
|
$142,195 | $0 | $142,195 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | No data | No data | No data | No data |
| 2024 | $571,230 | $650,186 | $1,935,486 | $-78,956 |
| 2023 | $556,145 | $625,000 | $1,885,337 | $-68,855 |
| 2022 | $852,385 | $696,435 | $1,902,021 | $155,950 |
| 2021 | $1,881,442 | $492,856 | $1,803,603 | $1,388,586 |
| 2020 | $714,091 | $524,928 | $473,104 | $189,163 |
| 2019 | $325,040 | $324,266 | $243,051 | $774 |
Compare GREATER GALLUP ECONOMIC DEVELOPMENT CORPORATION with other nonprofits in New Mexico and across the country.