CHAMBER OF COMMERCE OF HOBBS (EIN 850043220) - 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

1930

Legal Domicile

Principal Officer

PATRICIA COLLINS

Phone

5753973202

Tax Period

2024-07-01 to 2025-06-30

CHAMBER OF COMMERCE OF HOBBS, founded in 1930, is a small nonprofit that reported $392K in total revenue in fiscal year 2024. Revenue surged 30% from the prior year, signaling strong growth momentum. The organization ran a surplus of $83K, a strong 21% operating margin.

Mission

TO PROVIDE THE TOOLS AND TO CREATE THE ENVIRONMENT FOR HOBBS-AREA BUSINESSES TO THRIVE.

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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 $211,250

Program Service Revenue $119,516

Investment Income $408

Other Revenue $60,575

TOTAL REVENUE $391,749

Expense Breakdown

Grants Paid $0

Salaries & Benefits $148,992

Fundraising Expenses $14,886

Program Expenses $253,426

Other Expenses $159,425

TOTAL EXPENSES $308,417

Year-over-Year Comparison

	2024	2023	Change
Revenue	$391,749	$300,387	+0.3%
Expenses	$308,417	$333,851	-0.1%
Net Income	$83,332	$-33,464	-3.5%

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

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

$60,163

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SCOTTY HOLLOMAN	PAST CHAIR & LEGAL COUNSEL	1.00	Officer Director	$0	$0	$0
CAROL SNIDER	TREASURER	1.00	Officer Director	$0	$0	$0
DUSTIN ARMSTRONG	PAST CHAIR	1.00	Officer Director	$0	$0	$0
ANGELA PATTON	DIRECTOR	1.00	Director	$0	$0	$0
MARK RODDENBERRY	DIRECTOR	1.00	Director	$0	$0	$0
PACO HERNANDEZ	CHAIR	1.00	Officer Director	$0	$0	$0
SHAWN O'BRIEN	DIRECTOR	1.00	Director	$0	$0	$0
DAVID SHAW	CHAIR ELECT	1.00	Director	$0	$0	$0
AMANCIO CRUZ	SECRETARY	1.00	Officer Director	$0	$0	$0
RAMONA HAWTHORNE	DIRECTOR	1.00	Director	$0	$0	$0
DANNI BROWN	DIRECTOR	1.00	Director	$0	$0	$0
PATRICIA COLLINS	PRESIDENT AND CEO	40.00	Officer	$60,163	$0	$60,163

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	$391,749	$308,417	$343,310	$83,332
2024	No data	No data	No data	No data
2023	$293,067	$283,927	$292,357	$9,140
2022	$281,137	$242,619	$281,503	$38,518
2021	$297,527	$248,494	$248,000	$49,033
2020	$245,192	$270,830	$191,763	$-25,638
2019	$321,178	$287,595	$222,813	$33,583
2018	$330,152	$334,133	$194,935	$-3,981

CHAMBER OF COMMERCE OF HOBBS