ECHOLS PLACE CORPORATION

EIN: 680603123 501(c)(3) Housing & Shelter

FARMINGTON, NM

Total Revenue
$116,390
Total Expenses
$124,550
Total Assets
$891,870
Net Assets
$-379,801
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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
2007
Legal Domicile
NM
Principal Officer
SANDY CHANCEY
Tax Period
2024-07-01 to 2025-06-30

ECHOLS PLACE CORPORATION, founded in 2007, is a small nonprofit in the Housing & Shelter sector that reported $116K in total revenue in fiscal year 2024.

Mission

AFFORDABLE HOUSING FOR DISABLED PERSONS SPECIFICALLY DESIGNED TO MEET THEIR NEEDS.

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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 $77,261
Program Service Revenue $37,458
Investment Income $290
Other Revenue $1,381
TOTAL REVENUE $116,390

Expense Breakdown

Grants Paid $0
Salaries & Benefits $23,577
Fundraising Expenses $0
Program Expenses $105,589
Other Expenses $100,973
TOTAL EXPENSES $124,550

Year-over-Year Comparison

2024 2023 Change
Revenue $116,390 $109,930 +0.1%
Expenses $124,550 $128,818 0.0%
Net Income $-8,160 $-18,888 -0.6%
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
6
Independent Members
6
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
4
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SANDY CHANCEY PRESIDENT N/A
Officer
$0 $0 $0
SCOT FISHBURN VICE PRESIDE N/A
Officer
$0 $0 $0
ROBERT C GRIFFITH SECRETARY/TR N/A
Officer
$0 $0 $0
GARY WATKINS OFFICER N/A
Officer
$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 $116,390 $124,550 $891,870 $-8,160
2024 No data No data No data No data
2023 $96,748 $128,544 $912,525 $-31,796
2022 $88,274 $105,431 $935,894 $-17,157
2021 $110,422 $126,518 $945,217 $-16,096
2020 $106,078 $126,795 $960,713 $-20,717
2019 $104,852 $112,974 $983,189 $-8,122
2018 $95,625 $101,434 $987,104 $-5,809
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