FOUR CORNERS ECONOMIC DEVELOPMENT INC

EIN: 455412749 Community Improvement

FARMINGTON, NM

Total Revenue
$795,220
Total Expenses
$807,039
Total Assets
$287,991
Net Assets
$261,142
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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
2012
Legal Domicile
NM
Principal Officer
TIMOTHY GIBBS
Phone
5055663720
Tax Period
2024-07-01 to 2025-06-30

FOUR CORNERS ECONOMIC DEVELOPMENT INC, founded in 2012, is a small nonprofit in the Community Improvement sector that reported $795K in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion.

Mission

SUPPORTING AND BUILDING ECONOMICALLY VIBRANT BUSINESSES AND COMMUNITIES IN THE FOUR CORNERS REGION THROUGH EFFECTIVE PARTNERSHIPS.

Program Service Accomplishments

Program 1
Expenses: $807,039

SUPPORTING AND BUILDING ECONOMICALLY VIBRANT BUSINESSES AND COMMUNITIES IN THE FOUR CORNERS REGION THROUGH EFFECTIVE PARTNERSHIPS.

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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 $795,220
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $795,220

Expense Breakdown

Grants Paid $0
Salaries & Benefits $242,740
Fundraising Expenses $0
Program Expenses $807,039
Other Expenses $564,299
TOTAL EXPENSES $807,039

Year-over-Year Comparison

2024 2023 Change
Revenue $795,220 $724,705 +0.1%
Expenses $807,039 $534,914 +0.5%
Net Income $-11,819 $189,791 -1.1%
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

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Governance

Voting Members
110
Independent Members
110
Employees
2
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
6
$208,811
Total Directors
6
$208,811
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TIMOTHY GIBBS EXECUTIVE DI 40.00
Officer Director
$196,334 $5,890 $202,224
SCOTT BIRD INTERIM EXEC 2.00
Officer Director
$6,587 $0 $6,587
JOHN BYROM TREASURER N/A
Officer Director
$0 $0 $0
ALICIA CORBELL SECRETARY N/A
Officer Director
$0 $0 $0
ANDY HAWKINS VICE CHAIRMA N/A
Officer Director
$0 $0 $0
VINCE MOFFITT CHAIRMAN N/A
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
2025 $795,220 $807,039 $287,991 $-11,819
2024 $724,705 $534,914 $278,304 $189,791
2023 $356,737 $506,711 $92,778 $-149,974
2022 $405,059 $454,676 $248,325 $-49,617
2021 $493,550 $442,326 $298,091 $51,224
2020 $336,456 $321,313 $247,037 $15,143
2019 $424,171 $306,069 $220,928 $118,102
2018 $319,173 $293,432 $103,336 $25,741
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