REGIONAL DEVELOPMENT CORPORATION

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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

1996

Legal Domicile

Principal Officer

PATRICK VANDERPOOL

Phone

5058201226

Tax Period

2024-07-01 to 2025-06-30

REGIONAL DEVELOPMENT CORPORATION, founded in 1996, is a community nonprofit in the Community Improvement sector that reported $1.3M in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $1.5M exceeded revenue, resulting in a 17% operating deficit.

Mission

THE REGIONAL DEVELOPMENT CORPORATION (RDC) IS A PRIVATE NON-PROFIT 501(C) (3) ORGANIZATION DEDICATED TO IMPROVING ECONOMIC DEVELOPMENT IN NORTHERN NEW MEXICO. RDC PROVIDES PRIVATE INVESTMENT OPPORTUNITIES AND TECHNICAL ASSISTANCE TO FACILITATE JOB GROWTH AND DIVERSIFY THE ECONOMIES OF COMMUNITIES IN THE FOLLOWING SEVEN COUNTIES: LOS ALAMOS, MORA, RIO ARRIBA, SANDOVAL, SAN MIGUEL, SANTA FE, TAOS, AND THE MUNICIPALITIES AND NATIVE AMERICAN PUEBLOS THEREIN.

Program Service Accomplishments

Program 1

Expenses: $1,316,225

REGIONAL DEVELOPMENT CORPORATION INITIATIVES INCLUDE BUSINESS RETENTION & EXPANSION WHICH PROVIDES ONE-ON-ONE TECHNICAL ASSISTANCE SERVICES TO CURRENT AND FUTURE BUSINESS OWNERS FREE OF CHARGE. THIS INITIATIVE INCLUDES FUNDING OPPORTUNITIES TO HELP DIVERSIFY THE LOCAL ECONOMIES IN NORTHERN NEW MEXICO OUTSIDE OF LOS ALAMOS NATIONAL LABORATORY INTERESTS. OTHER INITIATIVES INCLUDE THE WORKFORCE AND ACADEMIC NETWORK PILOT PROJECT TO CONVENE INDUSTRY AND ACADEMIC STATEKHOLDERS IN ORDER TO HELP JOB SEEKERS AND STUDENTS MORE EASILY ACCESS TRAINING AND EDUCATION FOR THE CONSTRUCTION INDUSTRY IN NORTHERN NEW MEXICO AND THE HIGHER EDUCATION WORKFORCE PROJECT WHICH IS A PARTNERSHIP BETWEEN RDC AND NORTHERN NEW MEXICO HIGHER EDUCATION INSTITUTIONS TO IDENTIFY TRAINING NEEDS AND DEVELOP A WELL-EDUCATED WORKFORCE IN THE REGION. THESE INITIATIVES ARE LARGELY FUNDED BY TRIAD NATIONAL SECURITY, LLC (TRIAD), THE COMPANY THAT MANAGES LOS ALAMOS NATIONAL LABORATORY. RDC'S INITIATIVES CONTINUED TO STIMULATE ECONOMIC DIVERSIFICATION AND DEVELOPMENT IN NORTHERN NEW MEXICO THROUGH CREATION OF NEW JOBS, LESSENING THE IMPACT OF REDUCTIONS AT LOS ALAMOS NATIONAL LABS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,271,523

Program Service Revenue $0

Investment Income $19,280

Other Revenue $0

TOTAL REVENUE $1,290,803

Expense Breakdown

Grants Paid $566,959

Salaries & Benefits $547,550

Fundraising Expenses $0

Program Expenses $1,316,225

Other Expenses $394,148

TOTAL EXPENSES $1,508,657

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,290,803	$1,149,014	+0.1%
Expenses	$1,508,657	$1,326,211	+0.1%
Net Income	$-217,854	$-177,197	+0.2%

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

$131,693

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PATRICK VANDERPOOL	EXECUTIVE DI	40.00	Officer	$114,400	$17,293	$131,693
JENNIFER JENKINS	CHAIR	2.00	Officer Director	$0	$0	$0
KRISTIN HENDERSON	VICE CHAIR	2.00	Officer Director	$0	$0	$0
JACK JEKOWSKI	SECRETARY	2.00	Officer Director	$0	$0	$0
EVERETT TRUJILLO	TREASURER	2.00	Officer Director	$0	$0	$0
LINDA MCLELLAN	DIRECTOR	2.00	Director	$0	$0	$0
CEDRIC PAGE	DIRECTOR	2.00	Director	$0	$0	$0
ELMER SALAZAR	DIRECTOR	2.00	Director	$0	$0	$0
REBECCA WURZBURGER	DIRECTOR	2.00	Director	$0	$0	$0
PHOEBE K SUINA	DIRECTOR	2.00	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	$1,290,803	$1,508,657	$1,160,763	$-217,854
2024	$1,149,014	$1,326,211	$1,311,537	$-177,197
2023	$1,065,040	$1,082,411	$1,550,296	$-17,371
2022	$1,038,194	$866,402	$1,502,973	$171,792
2021	$1,062,128	$926,377	$1,311,405	$135,751
2020	$863,313	$906,577	$1,265,700	$-43,264
2019	$1,192,849	$665,060	$1,231,979	$527,789
2018	$871,330	$976,553	$745,942	$-105,223