Clovis Mainstreet Inc

Nonprofit profile at a glance

EIN
850478073
IRS 990-EZ coverage
2012–2024
Forms available
Form 990-EZ 2024
Location
Clovis, NM, USA
Phone
6027911400
Rating
42
Verdict
MIXED
Rating confidence
Moderate
Sector
Economic Development

Reported finances

Revenue
$92,842
Expenses
$82,723
Assets
$133,513
Liabilities
$22,457

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

9 people listed

Executive titles in this filing

  • PAUL TANKERSLEY (PRESIDENT)

People named in this filing

  • LISA R PELLEGRINO-SPEAR (EXECUTIVE DI)
  • BECKY WOOD (BOARD MEMBER)
  • TYLER LUCAS (BOARD MEMBER)

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

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Encourage, foster and stimulate the revitalization of historic downtown clovis.

Operating model

Revenue model
Earned-program. 97% of the money available for current operations came from fees and other program revenue.
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

MIXED - The filed numbers largely add up and revenue has grown recently. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 8
  • Transparency & Controls: 82
  • Sustainability: 49
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 7.9%; rating input score 8
  • Program expense ratio: 8.9%; rating input score 9

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: 10.9%; rating input score 63; 63rd percentile among comparable filings
  • Total-asset coverage ratio: 1.61; rating input score 60; 60th percentile among comparable filings
  • Liabilities to assets ratio: 0.17; rating input score 15; 15th percentile among comparable filings
  • Officer compensation ratio: 63.1%; rating input score 2; 2nd percentile among comparable filings

Growth

  • Program expense growth: -9% per year; rating input score 0; 29th percentile among comparable filings
  • Revenue growth: 4.7% per year; rating input score 100; 70th percentile among comparable filings
  • Asset growth: 21.8% per year; rating input score 100; 87th percentile among comparable filings

Details

  • Where the money goes: 7.9% of revenue deployed · 8.9% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $7K in reported program spending
  • Leadership: top reported pay $0 · 9 people listed
  • Consistency: 7 of 7 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 12 filing years from 2012 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • 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 — Financial Efficiency: Mission deployment rate scored 8/100.
  • High — Financial Efficiency: Program expense ratio scored 9/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 2/100.
  • High — Sustainability: Liabilities to assets ratio scored 15/100.