SILVER CITY-GRANT COUNTY CHAMBER OF COMMERCE

EIN: 850039395

Silver City, NM

Total Revenue
$406,386
Total Expenses
$363,933
Total Assets
$222,155
Net Assets
$206,400
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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
1959
Legal Domicile
NM
Principal Officer
MIKE MORONES
Phone
5755383785
Tax Period
2024-01-01 to 2024-12-31

SILVER CITY-GRANT COUNTY CHAMBER OF COMMERCE, founded in 1959, is a small nonprofit that reported $406K in total revenue in fiscal year 2024. Expenses of $364K left a modest 10% surplus.

Mission

SERVE MEMBERS BY PROMOTING AND STIMULATING ECONOMY.

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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 $158,380
Program Service Revenue $243,362
Investment Income $0
Other Revenue $4,644
TOTAL REVENUE $406,386

Expense Breakdown

Grants Paid $0
Salaries & Benefits $205,072
Fundraising Expenses $0
Other Expenses $158,861
TOTAL EXPENSES $363,933

Year-over-Year Comparison

2024 2023 Change
Revenue $406,386 $376,527 +0.1%
Expenses $363,933 $342,941 +0.1%
Net Income $42,453 $33,586 +0.3%
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
9
Independent Members
9
Employees
10
Volunteers
3

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
2
$0
Total Directors
10
$73,534
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MIKE MORONES BOARD PRESIDENT 2.00
Director
$0 $0 $0
SHARON OFFUTT TREASURER 2.00
Director
$0 $0 $0
BART ROSELLI SECRETARY 2.00
Officer Director
$0 $0 $0
DR JOSEPH SHEPARD MEMBER 2.00
Director
$0 $0 $0
DR SABRINA PACK MEMBER 2.00
Director
$0 $0 $0
BRUCE ASHBURN MEMBER 2.00
Director
$0 $0 $0
ROMEO CRUZ EXECUTIVE DIRECTOR 40.00
Director
$73,534 $0 $73,534
JACK HERNDON PAST PRESIDENT 2.00
Director
$0 $0 $0
PATRICK COHN MEMBER 2.00
Officer Director
$0 $0 $0
MELANIE GOMEZ PAST TREASURER 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
2024 $406,386 $363,933 $222,155 $42,453
2023 $376,527 $342,941 $175,477 $33,586
2022 $309,480 $296,338 $139,381 $13,142
2021 $209,401 $176,044 $123,219 $33,357
2020 $213,224 $164,125 $86,637 $49,099
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