CARLSBAD INDUSTRIAL ACTION INC

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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

1972

Legal Domicile

Principal Officer

JASON SHIRLEY

Phone

5758876562

Tax Period

2022-07-01 to 2023-06-30

CARLSBAD INDUSTRIAL ACTION INC, founded in 1972, is a small nonprofit that reported $778K in total revenue in fiscal year 2022. Revenue decreased 14% compared to the prior year. Expenses of $878K exceeded revenue, resulting in a 13% operating deficit.

Mission

TO PROMOTE THE ECONOMIC AND GENERAL WELFARE OF ALL OF THE CITIZENS OF THE CITY OF CARLSBAD, NEW MEXICO, THROUGH THE ACTIVE SOLICITATION AND MOVEMENT OF NEW BUSINESS AND INDUSTRY TO CARLSBAD AND VICINITY.

Program Service Accomplishments

Program 1

Expenses: $245,978

MARKETING & DEVELOPMENT: THE PROGRAM SERVICE GOALS ARE TO PROMOTE THE ECONOMIC AND GENERAL WELFARE OF THE CITIZENS OF THE CITY OF CARLSBAD AND SOUTH EDDY COUNTY THROUGH JOB RETENTION AND CREATION BY RECRUITING NEW INDUSTRY, IDENTIFYING NEW JOB OPPORTUINITES, EXPANDING AND RETAINING EXISTING BUSINESS AND DIVERSIFYING THE LOCAL ECONOMY. JOB RETENTION AND CREATION OCCURS AS A RESULT OF COORDINATED INITIATIVES IN THE AREAS OF LABOR FORCE READINESS AND TRAINING, SMALL BUSINESS DEVEOPMENT, RESEARCH AND DEVELOPMENT OUTREACH, INFRASTURCTURE, CAPITAL RESOURCES, TECHNOLOGY AND COMMUNICATION AND QUALITY OF LIFE ISSUES.

Program 2

Expenses: $91,802

CASCADES RIVERWALK: THE CASCADES AT CARLSBAD IS AN OPEN-AIR MARKET PLACE WITH OVER 650,000 SQUARE FEET AVAILABLE FOR DEVELOPMENT. THE CASCADES WILL OFFER RETAIL, DINING,AND ENTERTAINMENT VENUES AT...

CASCADES RIVERWALK: THE CASCADES AT CARLSBAD IS AN OPEN-AIR MARKET PLACE WITH OVER 650,000 SQUARE FEET AVAILABLE FOR DEVELOPMENT. THE CASCADES WILL OFFER RETAIL, DINING,AND ENTERTAINMENT VENUES AT THE GROUND LEVEL AND OFFICE SPACE ON THE UPPER FLOORS. THERE ARE PLANS TO HAVE UPSCALE HOTELS AND FAMILY ENTERTAINMENT CENTERS WITHIN THE PROJECT CREATING A UNIQUE EXPERIENCE.

Program 3

Expenses: $71,395

LOCAL DEVELOPMENT: THE PROGRAM SERVICES GOALS ARE TO PROMOTE LOCAL BUSINESS IN CARLSBAD AND SOUTH EDDY COUNTY. THE PROGRAM ASSISTS THE BUSINESS COMMUNITY IN THE PROMOTION OF COMMERCIAL AND COMMUNITY ENDEAVORS. IN ADDITION, THE LOCAL DEVELOPMENT SERVICES ARE DESIGNED TO ENHANCE THE SUCCESS OF EXISTING BUSINESSES AND ASSIST RESIDENTS WHO ARE THINKING ABOUT OPENING THEIR OWN BUSINESS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $735,885

Program Service Revenue $0

Investment Income $5,306

Other Revenue $36,340

TOTAL REVENUE $777,531

Expense Breakdown

Grants Paid $0

Salaries & Benefits $481,593

Fundraising Expenses $0

Program Expenses $409,175

Other Expenses $396,148

TOTAL EXPENSES $877,741

Year-over-Year Comparison

	2022	2021	Change
Revenue	$777,531	$903,011	-0.1%
Expenses	$877,741	$807,607	+0.1%
Net Income	$-100,210	$95,404	-2.1%

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

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
JOHN WATERS	EXECUTIVE DI	N/A	Highest	$152,509	$12,032	$164,541
BEVERLY ALLEN	SECRETARY/TR	N/A	Director	$0	$0	$0
MIKE ANTIPORDA	DIRECTOR	N/A	Director	$0	$0	$0
NICK ARLEDGE	DIRECTOR	N/A	Director	$0	$0	$0
JOHN BAIN	DIRECTOR	N/A	Director	$0	$0	$0
WAYNE BALLARD	DIRECTOR	N/A	Director	$0	$0	$0
AMIT BHAKTA	DIRECTOR	N/A	Director	$0	$0	$0
JAMES BINDEL	DIRECTOR	N/A	Director	$0	$0	$0
STACEY BLACKMON	DIRECTOR	N/A	Director	$0	$0	$0
ASHLEY BOCK	DIRECTOR	N/A	Director	$0	$0	$0
JOE BRININSTOOL	DIRECTOR	N/A	Director	$0	$0	$0
CINDY BRYAN	DIRECTOR	N/A	Director	$0	$0	$0
JOANNA BURTON	DIRECTOR	N/A	Director	$0	$0	$0
MARTIN CALDERON	DIRECTOR	N/A	Director	$0	$0	$0
DAMIAN CAPELLO	DIRECTOR	N/A	Director	$0	$0	$0
RICHARD CARGILE	DIRECTOR	N/A	Director	$0	$0	$0
JUDY CARRASCO	DIRECTOR	N/A	Director	$0	$0	$0
JONATHAN CHANDLER	DIRECTOR	N/A	Director	$0	$0	$0
MARK CHRISTENSEN	DIRECTOR	N/A	Director	$0	$0	$0
DOUG CLARK	DIRECTOR	N/A	Director	$0	$0	$0
SUSAN CROCKETT	DIRECTOR	N/A	Director	$0	$0	$0
DANNY CROSS	DIRECTOR	N/A	Director	$0	$0	$0
COBY CROUCH	DIRECTOR	N/A	Director	$0	$0	$0
RANDY CULVER	DIRECTOR	N/A	Director	$0	$0	$0
AL DAVIS	DIRECTOR	N/A	Director	$0	$0	$0
FRANKIE DAVIS	DIRECTOR	N/A	Director	$0	$0	$0
VALERIE DAVIS	DIRECTOR	N/A	Director	$0	$0	$0
TONY DELEON	DIRECTOR	N/A	Director	$0	$0	$0
CRAIG DURAN	DIRECTOR	N/A	Director	$0	$0	$0
BOBBY FORREST	DIRECTOR	N/A	Director	$0	$0	$0
JEFF FORREST	DIRECTOR	N/A	Director	$0	$0	$0
KERRI FOWLER	DIRECTOR	N/A	Director	$0	$0	$0
KHUSH GHADIALI	DIRECTOR	N/A	Director	$0	$0	$0
LIZ GOINS	DIRECTOR	N/A	Director	$0	$0	$0
KEVIN HANFORD	DIRECTOR	N/A	Director	$0	$0	$0
KEN HARRAWOOD	DIRECTOR	N/A	Director	$0	$0	$0
JOHN HEATON	DIRECTOR	N/A	Director	$0	$0	$0
DEBRA HICKS	DIRECTOR	N/A	Director	$0	$0	$0
MAYOR DALE JANWAY	DIRECTOR	N/A	Director	$0	$0	$0
JAY JENKINS	DIRECTOR	N/A	Director	$0	$0	$0
JOE D JENKINS	DIRECTOR	N/A	Director	$0	$0	$0
JIM JOHNSON	DIRECTOR	N/A	Director	$0	$0	$0
RODNEY KEITH	DIRECTOR	N/A	Director	$0	$0	$0
JODY KNOX	DIRECTOR	N/A	Director	$0	$0	$0
JAMES LACKEY	DIRECTOR	N/A	Director	$0	$0	$0
GARY LANE	DIRECTOR	N/A	Director	$0	$0	$0
ERICKA LANEY	DIRECTOR	N/A	Director	$0	$0	$0
ERICKA LANEY	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
GARY LANIER	DIRECTOR	N/A	Director	$0	$0	$0
ELIDA LOPEZ	DIRECTOR	N/A	Director	$0	$0	$0
WALTER LUJAN	DIRECTOR	N/A	Director	$0	$0	$0
CAITLIN MARMION	DIRECTOR	N/A	Director	$0	$0	$0
TOM MARTIN	DIRECTOR	N/A	Director	$0	$0	$0
JAMES MEYERS	DIRECTOR	N/A	Director	$0	$0	$0
BARBARA MICK	DIRECTOR	N/A	Director	$0	$0	$0
AMY LYNN MILES	DIRECTOR	N/A	Director	$0	$0	$0
GARY MILLICAN	DIRECTOR	N/A	Director	$0	$0	$0
LARRY MITCHELL	DIRECTOR	N/A	Director	$0	$0	$0
MASON MITCHELL	DIRECTOR	N/A	Director	$0	$0	$0
JULIE MOORE	DIRECTOR	N/A	Director	$0	$0	$0
VALERIE MURRILL	DIRECTOR	N/A	Director	$0	$0	$0
LINDA NICHOLS	DIRECTOR	N/A	Director	$0	$0	$0
ALEX PALOMINO	DIRECTOR	N/A	Director	$0	$0	$0
LAMBIS PAPELIS	DIRECTOR	N/A	Director	$0	$0	$0
VIMAL PATEL	DIRECTOR	N/A	Director	$0	$0	$0
BOB PATILLO	DIRECTOR	N/A	Director	$0	$0	$0
MIKE PEREZ	DIRECTOR	N/A	Director	$0	$0	$0
KEVIN BEARDMOR PHD	DIRECTOR	N/A	Director	$0	$0	$0
JAMES PRENTISS	DIRECTOR	N/A	Director	$0	$0	$0
GEORGE RANGEL	DIRECTOR	N/A	Director	$0	$0	$0
DAVID RAY	DIRECTOR	N/A	Director	$0	$0	$0
MIKE RIGDON	DIRECTOR	N/A	Director	$0	$0	$0
MOLLIE SCHALL	DIRECTOR	N/A	Director	$0	$0	$0
MARK SCHINNERER	DIRECTOR	N/A	Director	$0	$0	$0
DAVE SEPICH	DIRECTOR	N/A	Director	$0	$0	$0
JASON SHIRLEY	PRESIDENT	N/A	Officer Director	$0	$0	$0
PAUL SHOEMAKER	DIRECTOR	N/A	Director	$0	$0	$0
KEITH SPARKS	DIRECTOR	N/A	Director	$0	$0	$0
ASHLEY SWITZER	DIRECTOR	N/A	Director	$0	$0	$0
TINA TIFFANY	DIRECTOR	N/A	Director	$0	$0	$0
CONNIE TIFFNER	DIRECTOR	N/A	Director	$0	$0	$0
SCOTT TINDALL	DIRECTOR	N/A	Director	$0	$0	$0
RUBEN VELASQUEZ	DIRECTOR	N/A	Director	$0	$0	$0
MARK WALTERSCHIED	DIRECTOR	N/A	Director	$0	$0	$0
KARLA WARD	DIRECTOR	N/A	Director	$0	$0	$0
HENRY WATERS	DIRECTOR	N/A	Director	$0	$0	$0
JAMES WATERS	DIRECTOR	N/A	Director	$0	$0	$0
JUDI WATERS	DIRECTOR	N/A	Director	$0	$0	$0
LISA WATSON	DIRECTOR	N/A	Director	$0	$0	$0
AJ WHITE	DIRECTOR	N/A	Director	$0	$0	$0
ALAN WOOD	DIRECTOR	N/A	Director	$0	$0	$0
JASON WYATT	DIRECTOR	N/A	Director	$0	$0	$0
CORY YATES	DIRECTOR	N/A	Director	$0	$0	$0
ROLAN ZAMARRIPA	DIRECTOR	N/A	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	No data	No data	No data	No data
2023	$777,531	$877,741	$2,318,543	$-100,210
2022	$903,011	$807,607	$2,685,427	$95,404
2021	$940,607	$751,727	$2,518,008	$188,880
2020	$1,062,839	$1,017,491	$2,308,827	$45,348
2019	$881,664	$941,219	$2,247,590	$-59,555