CLOVIS ECONOMIC DEVELOPMENT CORPORATION

EIN: 850440748 501(c)(3) Community Improvement

CLOVIS, NM

Total Revenue
$10,000
Total Expenses
$72,865
Total Assets
$3,863,034
Net Assets
$3,646,641
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1996
Legal Domicile
NM
Principal Officer
LEE MALLOY
Phone
5757636600
Tax Period
2025-01-01 to 2025-12-31

CLOVIS ECONOMIC DEVELOPMENT CORPORATION, founded in 1996, is a micro nonprofit in the Community Improvement sector that reported $10K in total revenue in fiscal year 2025. Expenses of $73K exceeded revenue, resulting in a 629% operating deficit.

Mission

THE CLOVIS ECONOMIC DEVELOPMENT CORPORATION'S (CED) MISSION IS TO RECRUIT AND RETAIN SUSTAINBABLE BASE JOBS IN CLOVIS AND THE CURRY COUNTY AREA. CED SERVES AS THE DESIGNATED ECONOMIC DEVELOPMENT ORGANIZATION FOR CLOVIS AND CURRY COUNTY AND PARTNERS WITH THE CHAMBER OF COMMERCE TO OPERATE THE COMMUNITY'S BUSINESS RETENTION AND EXPANSION PROGRAM (BREP). THE BREP COMMITTEE WORKS WITH FIRMS AND LOCAL LEADERS TO RESPOND TO INDUSTRY NEEDS. CED ALSO OPERATES THE CLOVIS BUSINESS INCUBATOR CENTER, WHICH OFFERS SMALL BUSINESS TRAINING, ENTREPRENEUR, AND START-UP SUPPORT THROUGH OUR PARTNERSHIP WITH THE CHAMBER, CLOVIS SBDC, AND PTAP PROGRAM.

Program Service Accomplishments

Program 1
Expenses: $70,280

CEDC HOLDS OWNERSHIP IN A BUILDING THAT WILL BE RENTED OUT TO OTHER NONPROFIT ORGANIZATIONS. THE PURPOSE IS TO SUPPORT THE OPERATIONS OF THE BUSINESS RETENTION AND EXPANSION PROGRAM.

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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%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $10,000
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $10,000

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $70,280
Other Expenses $72,865
TOTAL EXPENSES $72,865

Year-over-Year Comparison

2025 2024 Change
Revenue $10,000 N/A N/A
Expenses $72,865 $70,157 +0.0%
Net Income $-62,865 $-70,157 -0.1%
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

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Liquidity & Cash Position

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Governance

Voting Members
20
Independent Members
20
Employees
N/A
Volunteers
8

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
4
$0
Total Directors
20
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LEE MALLOY PRESIDENT 30.00
Officer Director
$0 $0 $0
GARY WILEY VICE PRESIDENT 5.00
Officer Director
$0 $0 $0
KENT CARRUTHERS SECRETARY/TREASURER 5.00
Officer Director
$0 $0 $0
ALISSA JOHNSON DIRECTOR 5.00
Director
$0 $0 $0
BRYCE BENDER DIRECTOR 5.00
Director
$0 $0 $0
ROBIN JONES DIRECTOR 5.00
Director
$0 $0 $0
PATRICK LUCERO DIRECTOR 5.00
Director
$0 $0 $0
DEBBIE ABREGO DIRECTOR 5.00
Director
$0 $0 $0
SANDRA TAYLOR-SAWYER DIRECTOR 5.00
Director
$0 $0 $0
THOM MOORE DIRECTOR 5.00
Director
$0 $0 $0
MARK HUERTA DIRECTOR 5.00
Director
$0 $0 $0
SHAWN HAMILTON DIRECTOR 5.00
Director
$0 $0 $0
ERIC DENTON DIRECTOR 5.00
Director
$0 $0 $0
PAUL ELLIS DIRECTOR 5.00
Director
$0 $0 $0
JASON GONZALES DIRECTOR 5.00
Director
$0 $0 $0
LEONA POWELL DIRECTOR 5.00
Director
$0 $0 $0
SARAH STAGNER DIRECTOR 5.00
Director
$0 $0 $0
SHERRI WILSON DIRECTOR 5.00
Director
$0 $0 $0
ERNIE KOS DIRECTOR 5.00
Director
$0 $0 $0
MARLI RANEY DIRECTOR 5.00
Director
$0 $0 $0
TINA DZIUK EXECUTIVE DIRECTOR 5.00
Officer
$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 $10,000 $72,865 $3,863,034 $-62,865
2024 No data No data No data No data
2023 No data $86,937 $3,876,056 No data
2022 $3,883,544 $15,551 $3,962,993 $3,867,993
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