ROSWELL, NM
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)SOUTHEASTERN NEW MEXICO ECONOMIC DEVELOPMENT DISTRICT, founded in 1971, is a community nonprofit that reported $5.3M in total revenue in fiscal year 2024. Revenue surged 347% from the prior year, signaling strong growth momentum. Expenses of $4.6M left a modest 13% surplus.
THE FUNDAMENTAL MISSION OF THE SNMEDD IS TO STRENGTHEN THE REGIONAL ECONOMIC BASE, WHICH IS RESPONSIBLE FOR PROVIDING QUALITY JOBS TO AREA RESIDENTS.
THE DISTRICT PROVIDES MEMBER GOVERNMENT UNITS THE OPPORTUNITY TO WORK WITH REPRESENTATIVES OF FEDERAL AND STATE AGENCIES, MAJOR ECONOMIC INTERESTS, AND CITIZEN GROUPS TO PLAN FOR FUTURE ECONOMIC...
THE DISTRICT PROVIDES MEMBER GOVERNMENT UNITS THE OPPORTUNITY TO WORK WITH REPRESENTATIVES OF FEDERAL AND STATE AGENCIES, MAJOR ECONOMIC INTERESTS, AND CITIZEN GROUPS TO PLAN FOR FUTURE ECONOMIC DEVELOPMENT. THE DISTRICT ACCOMPLISHES THIS THROUGH INFORMATION DISSEMINATION, AREA WIDE AND LOCAL PLANNING, DIRECT TECHNICAL ASSISTANCE, INTERGOVERNMENTAL COORDINATION, AND TRAINING. ONE OF THE MOST IMPORTANT FUNCTIONS OF THE ORGANIZATION INVOLVES THE OPTIMAL UTILIZATION OF REGIONAL CAPABILITIES.PROJECTS INCLUDED ARE SOLID WASTE, WATER AND SEWER SYSTEM IMPROVEMENTS, BUSINESS RETENTION, BUSINESS ASSISTANCE, JOB DEVELOPMENT AND ASSISTANCE, PUBLIC BUILDINGS AND TRANSPORTATION RELATED INITIATIVES.THE DISTRICT ALSO HELPS MEMBER GOVERNMENTS WITH PLANNING OF MAJOR CAPITAL INPROVEMENTS, PROCURING FEDERAL AND STATE AID FOR NEEDED CAPITAL INFRASTRUCTURE PROJECTS AND CAPACITY BUILDING AND TECHNICAL ASSISTANCE. THE ORGANIZATION SERVES ALL 26 LOCAL GOVERNMENTS IN SOUTHEASTERN NEW MEXICO AND ALSO PROVIDES SERVICES TO NEARLY 60 WATER CO-OPS, MUTUAL DOMESTIC WATER ASSOCIATIONS, AND WATER AND SANITATION DISTRICTS IN THE REGION. THROUGH LOCAL GOVERNEMNTS, THE ORGANIZATION SERVES APPROXIMATELY 250,000 CLIENTS ANNUALLY. EVERY YEAR THE ORGANIZATION PRODUCES A NEW COMPREHENSIVE ECONOMIC DEVELOPMENT STRATEGY FOR SOUTHEASTERN NEW MEXICO.THROUGH THE ECONOMIC DEVELOPMENT PROGRAM, THE ORGANIZATION COMPLETED PROJECTS FOR THE CITY OF ARTESIA, TOWN OF LAKE ARTHUR, CITY OF RUIDOSO DOWNS, CHAVES COUNTY, CITY OF ROSWELL, LINCOLN COUNTY, TOWN OF TATUM, VILLAGE OF CORONA, VILLAGE OF HOPE, AND THE TOWN OF HAGERMAN.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $5,266,019 | $1,179,041 | +3.5% |
| Expenses | $4,563,915 | $1,065,900 | +3.3% |
| Net Income | $702,104 | $113,141 | +5.2% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| DORA BARISTA | SECRETARY/EXECUTIVE DIRECT | 40.00 |
Officer
Director
|
$94,076 | $26,001 | $120,077 |
| SAM SEELY | PRESIDENT | 0.10 |
Officer
Director
|
$0 | $0 | $0 |
| DAVID MIRANDA | VICE PRESIDENT | 0.10 |
Officer
Director
|
$0 | $0 | $0 |
| TONY GARCIA | TREASURER | 0.10 |
Officer
Director
|
$0 | $0 | $0 |
| PAMELA HELTNER | BOARD MEMBER | 0.10 |
Director
|
$0 | $0 | $0 |
| RUDY SALES | BOARD MEMBER | 0.10 |
Director
|
$0 | $0 | $0 |
| RICK C FUENTES | BOARD MEMBER | 0.10 |
Director
|
$0 | $0 | $0 |
| TODD RANDALL | BOARD MEMBER | 0.10 |
Director
|
$0 | $0 | $0 |
| LISA ANAYA-FLORES | BOARD MEMBER | 0.10 |
Director
|
$0 | $0 | $0 |
| STEPHEN ALDRIDGE | BOARD MEMBER | 0.10 |
Director
|
$0 | $0 | $0 |
| BILLY HOBBS | BOARD MEMBER | 0.10 |
Director
|
$0 | $0 | $0 |
| TIMOTHY KING | BOARD MEMBER | 0.10 |
Director
|
$0 | $0 | $0 |
| MANUEL BRUSUELAS | BOARD MEMBER | 0.10 |
Director
|
$0 | $0 | $0 |
| JON HITCHCOCK | BOARD MEMBER | 0.10 |
Director
|
$0 | $0 | $0 |
| SUSAN PAYNE | BOARD MEMBER | 0.10 |
Director
|
$0 | $0 | $0 |
| CODA OMNESS | BOARD MEMBER | 0.10 |
Director
|
$0 | $0 | $0 |
| ROBBIE ROBERTS | BOARD MEMBER | 0.10 |
Director
|
$0 | $0 | $0 |
| DR GARY JACKSON | BOARD MEMBER | 0.10 |
Director
|
$0 | $0 | $0 |
| HAYLEY KLEIN | BOARD MEMBER | 0.10 |
Director
|
$0 | $0 | $0 |
| ROBERT HEMPHILL | BOARD MEMBER | 0.10 |
Director
|
$0 | $0 | $0 |
| DARA DANA | BOARD MEMBER | 0.10 |
Director
|
$0 | $0 | $0 |
| RON CHAMBERS | BOARD MEMBER | 0.10 |
Director
|
$0 | $0 | $0 |
| LEWIS WESSON | BOARD MEMBER | 0.10 |
Director
|
$0 | $0 | $0 |
| JULIANA HALVORSON | BOARD MEMBER | 0.10 |
Director
|
$0 | $0 | $0 |
| SUMMER VALVERDE | BOARD MEMBER | 0.10 |
Director
|
$0 | $0 | $0 |
| COREY NEEDHAM | BOARD MEMBER | 0.10 |
Director
|
$0 | $0 | $0 |
| MARILYN BURNS | BOARD MEMBER | 0.10 |
Director
|
$0 | $0 | $0 |
| SAMANTHA J SERNA | BOARD MEMBER | 0.10 |
Director
|
$0 | $0 | $0 |
| KEVIN KENNEDY | BOARD MEMBER | 0.10 |
Director
|
$0 | $0 | $0 |
| JOE JARVIS | BOARD MEMBER | 0.10 |
Director
|
$0 | $0 | $0 |
| LORRIE BLACK | BOARD MEMBER | 0.10 |
Director
|
$0 | $0 | $0 |
| DUANE DUFFY | BOARD MEMBER | 0.10 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $5,266,019 | $4,563,915 | $1,586,987 | $702,104 |
| 2024 | $1,179,041 | $1,065,900 | $536,817 | $113,141 |
| 2023 | $662,869 | $808,305 | $390,848 | $-145,436 |
| 2022 | $701,590 | $645,638 | $416,592 | $55,952 |
| 2021 | $716,962 | $508,199 | $411,355 | $208,763 |
| 2020 | $499,731 | $430,794 | $205,413 | $68,937 |
| 2019 | $486,130 | $436,034 | $203,664 | $50,096 |
| 2018 | $465,889 | $459,509 | $234,653 | $6,380 |
Compare SOUTHEASTERN NEW MEXICO ECONOMIC DEVELOPMENT DISTRICT with other nonprofits in New Mexico and across the country.