Clovis Economic Development Corporation

Nonprofit profile at a glance

EIN
850440748
IRS 990 coverage
2010–2025
Forms available
Form 990 2025, Form 990-EZ 2018, Form 990-N 2021
Location
Clovis, NM, USA
Phone
5757636600
Rating
87
Verdict
STRONG
Rating confidence
Moderate
Sector
Community, Neighborhood Development

Official website

Reported finances

Revenue
$10,000
Expenses
$72,865
Assets
$3,863,034
Liabilities
$216,393

Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

21 people listed

Executive titles in this filing

  • LEE MALLOY (PRESIDENT)
  • GARY WILEY (VICE PRESIDENT)
  • TINA DZIUK (EXECUTIVE DIRECTOR)

People named in this filing

  • LEE MALLOY (PRESIDENT)
  • GARY WILEY (VICE PRESIDENT)
  • KENT CARRUTHERS (SECRETARY/TREASURER)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

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.

What it reported doing in 2025

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.

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 88
  • Transparency & Controls: 92
  • Accountability: 88
  • Sustainability: 39
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 96.5%; rating input score 96
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
  • Governance controls: 5 of 7 controls in place; rating input score 71
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -628.6%; rating input score 6; 6th percentile among comparable filings
  • Total-asset coverage ratio: 53.02; rating input score 93; 93rd percentile among comparable filings
  • Liabilities to assets ratio: 0.06; rating input score 16; 16th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 58; 58th percentile among comparable filings

Growth

  • Program expense growth: 3.3% per year; rating input score 100; 58th percentile among comparable filings
  • Revenue growth: 16.4% per year; rating input score 100; 92nd percentile among comparable filings
  • Asset growth: 25.4% per year; rating input score 100; 92nd percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 96.5% of spending went to programs
  • Governance: 20 of 20 board members independent · 5 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $70K in reported program spending
  • Leadership: top reported pay $0 · 21 people listed
  • Consistency: 18 of 18 current checks pass
  • Schedules: 5 filed schedules · includes major donors
  • Filing history: 11 filing years from 2010 to 2025
  • Contacts: How to reach this organization
  • Related organizations: 1 filed related-organization link
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Sustainability: Operating margin scored 6/100.
  • Review — Accountability: Governance controls: Independent financial-statement audit not reported.
  • High — Sustainability: Liabilities to assets ratio scored 16/100.
  • Review — Sustainability: Officer compensation ratio scored 58/100.