LOS ALAMOS COMMERCE & DEVELOPMENT … - Form 990 Financial Data

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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

1999

Legal Domicile

Principal Officer

LAUREN MCDANIEL

Phone

5056614854

Tax Period

2023-07-01 to 2024-06-30

LOS ALAMOS COMMERCE & DEVELOPMENT CORP, founded in 1999, is a community nonprofit that reported $3.8M in total revenue in fiscal year 2023. Revenue decreased 6% compared to the prior year. Expenses of $3.6M left a modest 5% surplus.

Mission

STRENGTHENING THE LOS ALAMOS AND WHITE ROCK BUSINESS COMMUNITY. THE LOS ALAMOS COMMERCE & DEVELOPMENT CORPORATION (LACDC), AS AN INDEPENDENT ORGANIZATION, STRIVES TO EMPOWER A BUSINESS COMMUNITY THAT IS COLLABORATIVE, RESILIENT, DIVERSE, FINANCIALLY HEALTHY, AND ECONOMICALLY ATTRACTIVE.

Program Service Accomplishments

Program 1

OPERATION OF SMALL BUSINESS CENTERS, CHAMBER OF COMMERCE, MAIN STREET & ARTS & CULTURE DISTRICT, EDUCATIONAL PROGRAMS AND TOURISM PROMOTIONS. CHAMBER OF COMMERCE HOSTED MORE THAN 10 BUSINESS...

OPERATION OF SMALL BUSINESS CENTERS, CHAMBER OF COMMERCE, MAIN STREET & ARTS & CULTURE DISTRICT, EDUCATIONAL PROGRAMS AND TOURISM PROMOTIONS. CHAMBER OF COMMERCE HOSTED MORE THAN 10 BUSINESS BREAKFASTS AND SEVERAL BUSINESS AFTER HOURS; MORE THAN 70 BUSINESSES PARTICIPATED IN CHAMBERFEST; CELEBRATED NUMEROUS RIBBON CUTTINGS; AND HAVE CONTINUED TO SEE GROWTH IN OUR MEMBERSHIP. MAINTAINED JUST UNDER 300 CHAMBER OF COMMERCE MEMBERS, INCLUDING SMALL BUSINESSES, BIGGER INDUSTRY PARTNERS AND REGIONAL COLLABORATORS.HOSTED THE THIRD BUSINESS ACCELERATOR WITH JUST UNDER 10 BUSINESSES, WITH MANY OF THEM STARTING OR EXPANDING THEIR BUSINESS IN THE COMMUNITY; HOSTED LOS ALAMOS SCIENCEFEST, THE COUNTY'S SIGNATURE EVENT ORGANIZED AND HOSTED BY LACDC'S MAINSTREET PROGRAM, WHICH DRAWS REGIONAL VISITATION TO THE COMMUNITY AND TO LOCAL BUSINESSES. LACDC/MAINSTREET SPONSORED CONCERT ATTENDANCE ON 7/12 WAS OVER 8,000 AND HAD A REGIONAL DRAW OF FOLKS FROM LOS ALAMOS, WHITE ROCK, TAOS, SANTA FE, ESPANOLA, AND ALBUQUERQUE. USING CELL PHONE DATA FROM PLACERAI, WE ARE ABLE TO SEE A REACH TO LOS ALAMOS MORA, RIO ARRIBA, SAN MIGUEL, SANDOVAL, SANTA FE, TAOS OVER THE COURSE OF THE 5-DAY FESTIVAL.CLOSED OUT THE 7TH 0% INTEREST LOAN TO SMALL BUSINESSES (FACADE LOAN PROGRAM). TOTAL FUNDS AWARDED SINCE 2015 AMOUNTED TO MORE THAN $84,000.

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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 (2023)

Revenue Breakdown

Contributions & Grants $141,043

Program Service Revenue $3,543,958

Investment Income $39,438

Other Revenue $89,773

TOTAL REVENUE $3,814,212

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,105,093

Fundraising Expenses $0

Other Expenses $2,509,010

TOTAL EXPENSES $3,614,103

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,814,212	$4,049,860	-0.1%
Expenses	$3,614,103	$3,693,073	0.0%
Net Income	$200,109	$356,787	-0.4%

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

$145,131

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LAUREN MCDANIEL	EXECUTIVE DIRECTOR	40.00	Officer	$128,521	$16,610	$145,131
DAVID JOLLY	COO	40.00	Highest	$121,000	$6,150	$127,150
CAROL CLARK	CHAIR	2.00	Officer Director	$0	$0	$0
CRAIG WEHNER	VICE CHAIR	2.00	Officer Director	$0	$0	$0
BILL WADT	IMMEDIATE PAST CHAIR	2.00	Officer Director	$0	$0	$0
KAREN EASTON	TREASURER	2.00	Officer Director	$0	$0	$0
TRACIE STRATTON	SECRETARY	2.00	Officer Director	$0	$0	$0
CINDY ROONEY	DIRECTOR	2.00	Director	$0	$0	$0
MELISSA PATERNOSTER	DIRECTOR	2.00	Director	$0	$0	$0
DAVID HORPEDAHL	DIRECTOR	2.00	Director	$0	$0	$0
BILL ENLOE	DIRECTOR	2.00	Director	$0	$0	$0
DAVID IZRAELEVITZ	DIRECTOR	2.00	Director	$0	$0	$0
NAN SAUER	DIRECTOR	2.00	Director	$0	$0	$0
JOHN ENGEN	DIRECTOR	2.00	Director	$0	$0	$0
DUNCAN MCBRANCH	DIRECTOR	2.00	Director	$0	$0	$0
CHRISTINE CHANDLER	DIRECTOR	2.00	Director	$0	$0	$0
GLENN MORGAN	DIRECTOR	2.00	Director	$0	$0	$0
DONAVAN PRICE	DIRECTOR	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
2025	No data	No data	No data	No data
2024	$3,814,212	$3,614,103	$9,064,587	$200,109
2023	$4,049,860	$3,693,073	$9,514,172	$356,787
2022	$3,903,774	$3,362,550	$9,338,901	$541,224
2021	$3,453,545	$3,188,778	$9,422,878	$264,767
2020	$3,374,514	$3,187,249	$9,414,482	$187,265
2019	$3,464,666	$3,533,825	$9,606,663	$-69,159
2018	$3,535,582	$3,486,547	$10,004,706	$49,035

LOS ALAMOS COMMERCE & DEVELOPMENT CORP