Hobbs Hispano Chamber of Commerce Inc
Nonprofit profile at a glance
- EIN
- 202509041
- IRS 990-EZ coverage
- 2010–2024
- Forms available
- Form 990-EZ 2024
- Location
- Hobbs, NM, USA
- Phone
- 5753931030
- Rating
- 55
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Chambers of Commerce & Business Leagues
Reported finances
- Revenue
- $177,920
- Expenses
- $138,813
- Assets
- $199,806
- Liabilities
- $1,743
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
14 people listed
Executive titles in this filing
- KIMBERLY ORTEGA (Vice President)
- SERGIO POLANCO (President & CEO)
- SERGIO POLANCO (PRESIDENT & CEO)
People named in this filing
- KIMBERLY ORTEGA (Vice President)
- SERGIO POLANCO (President & CEO)
- LAURA DAVIS (Chairman)
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
To maximize, promote and encourage the development, growth, and expansion of minority-owned businesses throughout the hobbs community.
What it reported doing in 2024
To maximize, promote, and encourage the development, growth and expansion of minority-owned businesses throughout the hobbs community.
Operating model
- Revenue model
- Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
- 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 comfortably covers expenses. 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: 18
- Transparency & Controls: 100
- Sustainability: 62
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 16.7%; rating input score 17
- Program expense ratio: 21.4%; rating input score 21
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: 22%; rating input score 76; 76th percentile among comparable filings
- Total-asset coverage ratio: 1.44; rating input score 71; 71st percentile among comparable filings
- Liabilities to assets ratio: 0.01; rating input score 43; 43rd percentile among comparable filings
- Officer compensation ratio: 46.5%; rating input score 5; 5th percentile among comparable filings
Growth
- Program expense growth: -5.3% per year; rating input score 0; 19th percentile among comparable filings
- Revenue growth: 2.2% per year; rating input score 100; 32nd percentile among comparable filings
- Asset growth: 1.6% per year; rating input score 100; 32nd percentile among comparable filings
Details
- Where the money goes: 16.7% of revenue deployed · 21.4% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $30K in reported program spending
- Leadership: top reported pay $0 · 14 people listed
- Consistency: 7 of 7 current checks pass
- Schedules: 2 filed schedules
- Filing history: 14 filing years from 2010 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 17/100.
- High — Financial Efficiency: Program expense ratio scored 21/100.
- High — Growth: Program expense growth scored 0/100.
- High — Sustainability: Officer compensation ratio scored 5/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 43/100.