SCIENCE & TECHNOLOGY PARK DEVELOPMENT CORPORATION

EIN: 850462273 501(c)(3) Community Improvement

ALBUQUERQUE, NM

Total Revenue
$408,473
Total Expenses
$514,831
Total Assets
$1,795,875
Net Assets
$1,772,721
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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
NM
Principal Officer
RANDALL B WILSON
Phone
5058434287
Tax Period
2018-01-01 to 2018-12-31

SCIENCE & TECHNOLOGY PARK DEVELOPMENT CORPORATION, founded in 1999, is a small nonprofit in the Community Improvement sector that reported $408K in total revenue in fiscal year 2018. Expenses of $515K exceeded revenue, resulting in a 26% operating deficit.

Mission

TO ATTRACT HIGH TECH COMPANIES TO NEW MEXICO AND FOSTERING A RELATIONSHIP BETWEEN THE COMPANIES & GOVERNMENT TO CREATE HIGH TECH JOBS IN NEW MEXICO.

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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 (2018)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $402,031
Investment Income $636
Other Revenue $5,806
TOTAL REVENUE $408,473

Expense Breakdown

Grants Paid $0
Salaries & Benefits $172,506
Fundraising Expenses $0
Program Expenses $257,543
Other Expenses $342,325
TOTAL EXPENSES $514,831

Year-over-Year Comparison

2018 2017 Change
Revenue $408,473 $386,499 +0.1%
Expenses $514,831 $476,452 +0.1%
Net Income $-106,358 $-89,953 +0.2%
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

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Governance

Voting Members
8
Independent Members
7
Employees
N/A
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
4
$172,506
Total Directors
8
$140,200
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SHERMAN MCCORKLE CHAIRMAN, PR 40.00
Officer Director
$140,200 $0 $140,200
EDWARD LUJAN VICE PRESIDE 1.00
Officer Director
$0 $0 $0
RANDALL B WILSON TREASURER/SE 12.00
Officer
$32,306 $0 $32,306
LORETTA ARMENTA CHAIRMAN 1.00
Officer Director
$0 $0 $0
DIANE BURKE DIRECTOR 1.00
Director
$0 $0 $0
JESSE DOMPREH DIRECTOR 1.00
Director
$0 $0 $0
ALEX ROMERO DIRECTOR 1.00
Director
$0 $0 $0
GARY TONJES DIRECTOR 1.00
Director
$0 $0 $0
STUART PURVIANCE DIRECTOR 1.00
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
2018 $408,473 $514,831 $1,795,875 $-106,358
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