Gallup Mainstreet Arts & Cultural District
Nonprofit profile at a glance
- EIN
- 473269475
- IRS 990-EZ coverage
- 2023–2024
- Forms available
- Form 990-EZ 2024, Form 990-N 2024
- Location
- Gallup, NM, USA
- Phone
- 5054581810
- Rating
- 72
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Community, Neighborhood Development
Reported finances
- Revenue
- $120,597
- Expenses
- $165,232
- Assets
- $19,697
- Liabilities
- $28,098
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
7 people listed
Executive titles in this filing
- Mary Walker (President)
- Michael Bulloch (Executive Director)
People named in this filing
- Mary Walker (President)
- Michael Bulloch (Executive Director)
- Carol Sarath (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
Gallup MainStreet Arts & Cultural Districts mission is to bring together all segments of the community to foster civic pride, promote economic vitality, and preserve and develop the cultural and historical resources of downtown Gallup, New Mexico.
What it reported doing in 2024
We commenced work to document our inventory of downtown buildings through the MainStreet America Building Opportunities and MainStreet (BOOMS) tracking tool, and participated actively in efforts to identify revitalization opportunities in our community. This effort was intitiated through our board of directors. All work was done on a volunteer basis.
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 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
SUPPORTED - The filed numbers largely add up. A relatively small share of total spending goes to programs and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 59
- Transparency & Controls: 100
- Sustainability: 7
- Growth: 40
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 66.4%; rating input score 66
- Program expense ratio: 48.5%; rating input score 48
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: -37%; rating input score 3; 3rd percentile among comparable filings
- Total-asset coverage ratio: 0.12; rating input score 13; 13th percentile among comparable filings
- Liabilities to assets ratio: 1.43; rating input score 4; 4th percentile among comparable filings
- Officer compensation ratio: 31.7%; rating input score 11; 11th percentile among comparable filings
Growth
- Program expense growth: 1.1% per year; rating input score 100; 33rd percentile among comparable filings
- Revenue growth: -1.2% per year; rating input score 0; 16th percentile among comparable filings
- Asset growth: -107.2% per year; rating input score 0; 1st percentile among comparable filings
Details
- Where the money goes: 66.4% of revenue deployed · 48.5% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 3 filed program accomplishments · $80K in reported program spending
- Leadership: top reported pay $0 · 7 people listed
- Consistency: 8 of 8 current checks pass
- Schedules: 3 filed schedules
- Filing history: 2 filing years from 2023 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 48/100.
- High — Sustainability: Operating margin scored 3/100.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Total-asset coverage ratio scored 13/100.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Liabilities to assets ratio scored 4/100.
- High — Sustainability: Officer compensation ratio scored 11/100.