Corrales Mainstreet Inc

Nonprofit profile at a glance

EIN
850457146
IRS 990-EZ coverage
2021–2024
Forms available
Form 990-EZ 2024
Location
Corrales, NM, USA
Rating
66
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Community, Neighborhood Development

Reported finances

Revenue
$77,138
Expenses
$128,910
Assets
$222,595
Liabilities
$23,700

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

Leadership & pay

13 people listed

Executive titles in this filing

  • James Kruger (President)
  • Evan Long (Vice President)
  • Angela Guiterrez (Executive Director)

People named in this filing

  • James Kruger (President)
  • Evan Long (Vice President)
  • Linda Parker (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-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Develop and support community-based projects and strategies that enhance the Economic Vitality of the Village of Corrales while preserving its traditions way of life historic and agricultural roots. its

What it reported doing in 2024

Continue activities and programs for completion of the establishment of an Arts & Culture District to include expanding Viva Corrales drafting and adoption of a Culture Plan and related activities to increase the financial activity of businesses that a part of the arts and cultural business sector.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Direct operator. The filing allocates 85% 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

SUPPORTED - The filed numbers largely add up and a large share of available resources goes toward mission work. A relatively small share of total spending goes to programs and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 64
  • Transparency & Controls: 82
  • Sustainability: 25
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 75.9%; rating input score 76
  • Program expense ratio: 45.4%; rating input score 45

Transparency & Controls

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

Sustainability

  • Operating margin: -67.1%; rating input score 10; 10th percentile among comparable filings
  • Total-asset coverage ratio: 1.73; rating input score 61; 61st percentile among comparable filings
  • Liabilities to assets ratio: 0.11; rating input score 17; 17th percentile among comparable filings
  • Officer compensation ratio: 38.8%; rating input score 4; 4th percentile among comparable filings

Growth

  • Program expense growth: -13% per year; rating input score 0; 24th percentile among comparable filings
  • Revenue growth: -9.5% per year; rating input score 0; 25th percentile among comparable filings
  • Asset growth: -2.1% per year; rating input score 0; 31st percentile among comparable filings

Details

  • Where the money goes: 75.9% of revenue deployed · 45.4% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 3 filed program accomplishments · $59K in reported program spending
  • Leadership: top reported pay $0 · 13 people listed
  • Consistency: 8 of 8 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 4 filing years from 2021 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.

  • Moderate — Financial Efficiency: Program expense ratio scored 45/100.
  • High — Sustainability: Operating margin scored 10/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 4/100.
  • High — Sustainability: Liabilities to assets ratio scored 17/100.