GALLUP CHAMBER OF COMMERCE (EIN 850037837) - 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

Formation Year

1951

Legal Domicile

Principal Officer

BILL LEE

Phone

5057222228

Tax Period

2024-01-01 to 2024-12-31

GALLUP CHAMBER OF COMMERCE, founded in 1951, is a small nonprofit that reported $493K in total revenue in fiscal year 2024. Revenue surged 1053% from the prior year, signaling strong growth momentum. Expenses of $474K left a modest 4% surplus.

Mission

THE MISSION OF THE GALLUP MCKINLEY COUNTY CHAMBER OF COMMERCE IS TO CREATE, MAINTAIN AND ENHANCE A BUSINESS ENVIRONMENT WHICH ENCOURAGES AND SUPPORTS POSITIVE BUSINESS GROTH IN THE CITY OF GALLUP AND MCKINLEY COUNTY AREAS.

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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 $0

Program Service Revenue $350,553

Investment Income $421

Other Revenue $142,471

TOTAL REVENUE $493,445

Expense Breakdown

Grants Paid $0

Salaries & Benefits $266,361

Fundraising Expenses $47,969

Other Expenses $207,761

TOTAL EXPENSES $474,122

Year-over-Year Comparison

	2024	2023	Change
Revenue	$493,445	$42,781	+10.5%
Expenses	$474,122	$319,118	+0.5%
Net Income	$19,323	$-276,337	-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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRIS PIANO	President	2.00	Officer Director	$0	$0	$0
GILBERT RAMIREZ	Vice President	2.00	Officer Director	$0	$0	$0
MELISSA RODRIGUEZ	Treasurer	2.00	Officer Director	$0	$0	$0
SILVANO CORRAL	Secretary	2.00	Officer Director	$0	$0	$0
MARIE CHOIDA	Director	2.00	Director	$0	$0	$0
JANICE WELCH	Director	2.00	Director	$0	$0	$0
TERI GARCIA	Director	2.00	Director	$0	$0	$0
ARA GREEN	Director	2.00	Director	$0	$0	$0
ERIC JAMES	Director	2.00	Director	$0	$0	$0
ANGELA OLIVE	Director	2.00	Director	$0	$0	$0
LAWRENCE ANDRADE	Director	2.00	Director	$0	$0	$0
CHRIS KLINE	Director	2.00	Director	$0	$0	$0
PETER CAMPOS	Director	2.00	Director	$0	$0	$0
BILL LEE	Executive Dir.	40.00	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
2024	$493,445	$474,122	$774,538	$19,323
2023	$454,676	$600,879	$607,608	$-146,203
2023	$42,781	$319,118	$608,134	$-276,337
2022	$503,209	$476,665	$690,886	$26,544
2020	$565,641	$519,904	$761,076	$45,737
2019	$522,656	$567,345	$472,036	$-44,689
2018	$409,337	$531,625	$510,467	$-122,288

GALLUP CHAMBER OF COMMERCE