GREATER GALLUP ECONOMIC DEVELOPMENT CORPORATION (EIN 454733224) - 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

Legal Domicile

Principal Officer

TOMMY HAWS

Phone

5057222980

Tax Period

2023-07-01 to 2024-06-30

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.

Mission

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.

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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 (2023)

Revenue Breakdown

Contributions & Grants $555,872

Program Service Revenue $0

Investment Income $14,999

Other Revenue $359

TOTAL REVENUE $571,230

Expense Breakdown

Grants Paid $0

Salaries & Benefits $334,606

Fundraising Expenses $20,623

Program Expenses $498,344

Other Expenses $315,580

TOTAL EXPENSES $650,186

Year-over-Year Comparison

	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%

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

N/A

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

$142,195

Total Directors

Key Employees

Highest Compensated

reported

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

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	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

GREATER GALLUP ECONOMIC DEVELOPMENT CORPORATION