Taos County Economic Development Corp

EIN: 850355163 501(c)(3) Community Improvement

Taos, NM

Total Revenue
$615,336
Total Expenses
$583,605
Total Assets
$715,427
Net Assets
$658,605
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1987
Legal Domicile
NM
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.

Program Service Accomplishments

Program 1
Expenses: $418,821

TCEDC Operations/Programs:The companys most recent statistics show that it has assisted around 1000 clients and createdor retained 35 jobs. The programs provide technical and marketing assistance...

Read more

TCEDC Operations/Programs:The companys most recent statistics show that it has assisted around 1000 clients and createdor retained 35 jobs. The programs provide technical and marketing assistance, specialtytraining, and guidance in the preparation of business plans. Training to other organizations andnonprofits working on grassroots community development and food system developmentlocally, regionally, and nationally. Garden and Greenhouse-TCEDC offers training to youth inthe area of sustainable agricultural and environmental food production. Outreach, information,and referral staff assist clients via phone conversations. At least 40 calls daily, 650 calls permonth. Additionally, on site one-on-one assistance was provided to about 20 clients permonth. Business Park/Taos Food Center:This cooperative facility houses 10 business and/or organizations including 1 Native American service company and Taos County Economic Development Corporation offices and a community classroom. These businesses provide employment, education and skill training for many local area residents. Training is provided at no cost for food processing businesses to develop marketing programs for specialty food. Job site training was provided as well as basic business skills to small business entrepreneurs. Education and training was provided pursuant to the Food and Modernization Act to assist 45 food businesses with compliance and implementation. The food center is a 5,000 square foot commercial kitchen which provides food processing facilities and support to local food processors. Each processor employs 1-2 people totaling over 10 during 2024. Larger processors and food caterers have graduated from the food center to their own location and continue to provide employment. The Business Park is also a venue for multiple forums and workshops hosting many community members. The organization offers specialized education and training to food entrepreneurs through its Food Sector Opportunity Program (FSOP). Additional courses such as Nx level Tilling the soil of opportunity; and other community driven workshops are offered on an ongoing basis; there were over 100 participants who attended these workshops in 2024. The food center offers nutrition and food preparation courses to the community providing training to over 50 participants in 2024. Taos Food Center is working on the development of an Incubator Kitchen program as a membership. This program will go into effect in late 2025.Mobile Livestock Slaughter Unit (MLSU):Matanza unit and training program is a tool to assist limited resource ranchers with creating new employment and business opportunities as well as access to new markets. In 2015, the program was interrupted due to lack of funding. In 2024 funding became available, which will make it possible to refurbish the original cut n wrap facility. The cooperative was also able to hire Lucas Salazar as the project engineer.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

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
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
5
Independent Members
5
Employees
13
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
3
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
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
Explore More Nonprofits
Top 100 Nonprofits in New Mexico Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare Taos County Economic Development Corp with other nonprofits in New Mexico and across the country.