Taos County Economic Development Corp (EIN 850355163) - 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

1987

Legal Domicile

Phone

5757588731

Tax Period

2024-01-01 to 2024-12-31

Taos County Economic Development Corp, founded in 1987, is a small nonprofit in the Community Improvement sector that reported $615K in total revenue in fiscal year 2024. Revenue surged 49% from the prior year, signaling strong growth momentum. Expenses of $584K left a modest 5% surplus.

Mission

The organization was formed in 1987. Its mission is "supporting land, food, water, and the cultures" of the people of northern New Mexico through the design and implementation of community and economic development programs and projects.

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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 $612,460

Program Service Revenue $2,873

Investment Income $3

Other Revenue $0

TOTAL REVENUE $615,336

Expense Breakdown

Grants Paid $0

Salaries & Benefits $225,172

Fundraising Expenses $0

Program Expenses $418,821

Other Expenses $358,433

TOTAL EXPENSES $583,605

Year-over-Year Comparison

	2024	2023	Change
Revenue	$615,336	$413,358	+0.5%
Expenses	$583,605	$430,364	+0.4%
Net Income	$31,731	$-17,006	-2.9%

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
Darlene Vigil	Treasurer	2.00	Officer Director	$0	$0	$0
Trinidad Arguello PhD	Vice President	2.00	Officer Director	$0	$0	$0
Pascualito Maestas	President	2.00	Officer Director	$0	$0	$0
Tiana Suazo	Director	2.00	Director	$0	$0	$0
Juan Amado Valdez	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
2024	$615,336	$583,605	$715,427	$31,731
2023	$413,358	$430,364	$674,306	$-17,006
2022	$309,481	$347,257	$699,873	$-37,776
2021	$161,222	$298,477	$736,271	$-137,255
2020	$227,076	$185,529	$861,854	$41,547
2019	$299,771	$420,266	$891,975	$-120,495
2018	$147,209	$485,445	$951,244	$-338,236

Taos County Economic Development Corp