GALLUP CHAMBER OF COMMERCE

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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.

Program Service Accomplishments

Program 1

Over the past year the Gallup McKinley County Chamber of Commerce has successfully worked to build commerce and collaboration for the benefit of our members and the community. The chamber has...

Over the past year the Gallup McKinley County Chamber of Commerce has successfully worked to build commerce and collaboration for the benefit of our members and the community. The chamber has advocated on behalf of small business at the city, county, and state levels of government. Our organization was a key contributor to decisions on policies that impacted the environment of commerce. At the City level we continued to work with City of Gallup leadership to find alternative solutions to a proposed plan that would have raised water rates throughout the city by as much as 200 in some instances. At the state level our Chamber was instrumental in rallying our membership against a Paid Family Medical Leave Act that was deemed to be unsustainable and very toxic legislation for businesses as well as their employees. On a county wide level, we were successful in bringing back a big civic event, that celebrates our heritage and culture on Route 66. Our chamber is also proud to bring networking and connection for our businesses through events like the Business Expo, Business After Hours, and our Annual Banquet. These accomplishments along with the continued promotional support for businesses in Gallup/McKinley County show our commitment to the values of Commerce Collaboration and Community.

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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