Aggie Development Incorporated

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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

2014

Legal Domicile

Principal Officer

Scott Eschenbrenner

Phone

5756462356

Tax Period

2023-07-01 to 2024-06-30

Aggie Development Incorporated, founded in 2014, is a small nonprofit in the Education sector that reported $371K in total revenue in fiscal year 2023. Revenue surged 35% from the prior year, signaling strong growth momentum. Expenses of $474K exceeded revenue, resulting in a 28% operating deficit.

Mission

Charitable and educational purposes to benefit New Mexico State University by: relieving the University of responsibilities to manage and develop Unversity owned real estate and water rights; contributing all of the Corporation's net revenues to the University; and creating learning opportunities for students.

Program Service Accomplishments

Program 1

Expenses: $46,857

Fees paid for analysis of proposed university Tax Increment Development District

Program 2

Expenses: $308,375

Site preparation costs, including dirtwork and compaction of earth for development.

Program 3

Expenses: $79,494

Broker ground lease commission.

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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 $135,793

Program Service Revenue $234,803

Investment Income $0

Other Revenue $0

TOTAL REVENUE $370,596

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $437,220

Other Expenses $474,186

TOTAL EXPENSES $474,186

Year-over-Year Comparison

	2023	2022	Change
Revenue	$370,596	$274,096	+0.4%
Expenses	$474,186	$78,350	+5.1%
Net Income	$-103,590	$195,746	-1.5%

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

N/A

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

$442,251

Total Directors

$537,146

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
George Gogue	Chair	0.17	Officer Director	$0	$0	$259,091
Christopher Dulany	Secretary	0.06	Officer Director	$0	$0	$0
Tom Hutchinson	Vice Chair	0.23	Officer Director	$0	$0	$0
Michael P Clute	Member	0.23	Director	$0	$0	$0
Rolando Flores	Member	0.06	Director	$0	$0	$278,055
Dina Chacon-Reitzel	Member	0.17	Director	$0	$0	$0
Van Bullock	Member	0.17	Director	$0	$0	$0
Scott Eschenbrenner	President and CEO	20.00	Officer	$0	$0	$183,160

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	$370,596	$474,186	$286,329	$-103,590
2023	$274,096	$78,350	$389,918	$195,746
2022	$152,962	$189,730	$194,172	$-36,768
2021	$394,030	$208,249	$230,940	$185,781