Los Alamos Commerce & Development Corp

Nonprofit profile at a glance

EIN
850309387
IRS 990 coverage
2009–2024
Forms available
Form 990 2024
Location
Los Alamos, NM, USA
Phone
5056614854
Rating confidence
Limited

Official website

Reported finances

Revenue
$3,829,901
Expenses
$3,704,864
Assets
$9,063,399
Liabilities
$5,709,150

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

Leadership & pay

18 people listed

Executive titles in this filing

  • LAUREN MCDANIEL (EXECUTIVE DIRECTOR)

Highest reported compensation

  • LAUREN MCDANIEL (EXECUTIVE DIRECTOR): $190,438 total reported compensation
  • DAVID JOLLY (COO): $105,767 total reported compensation

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

Overview

Mission

Strengthening the los alamos and white rock business community. The los alamos commerce & development corporation (lacdc), as an independent organization, strives to empower a business community that is collaborative, resilient, diverse, financially healthy, and economically attractive.

What it reported doing in 2024

Maintained a strong chamber of commerce, with just under 300 active members. Hosted 4 chamber business after hours, 11 business breakfast events and successfully reintroduced coffee & connections, which is a weekly networking event for members. Hired a new assistant director to better service the needs of the chamber, as well as a new chamber member app. Hosted the chamber business awards 2025 on june 6, 2025, followed by a chamberfest street fair annual downtown street fair on june 7, 2025, a spring career fair job fair held on april 10, 2025 and a fall 2025 career fair a fall version of the career/job fair. In 2026 the chamber will start to offer one-on-one marketing consulatations and is launching a new women's business leadership conference and home-based business expo in september 2026. The los alamos mainstreet and creative district maintained its accreditation through New Mexico mainstreet.

Operating model

Revenue model
Earned-program. 95% of the money available for current operations came from fees and other program revenue.
Distribution model
Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.

The verdict

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Rating breakdown

  • Financial Efficiency: NotEnoughData
  • Transparency & Controls: 70
  • Accountability: 100
  • Sustainability: 47
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: Limited
  • Program expense ratio: Limited
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 1 of 6 controls in place; rating input score 17
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 9 of 9 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 3.3%; rating input score 45; 45th percentile among comparable filings
  • Total-asset coverage ratio: 2.45; rating input score 68; 68th percentile among comparable filings
  • Liabilities to assets ratio: 0.63; rating input score 15; 15th percentile among comparable filings
  • Officer compensation ratio: 8%; rating input score 37; 37th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: 1.1% per year; rating input score 100; 16th percentile among comparable filings
  • Asset growth: -2% per year; rating input score 0; 7th percentile among comparable filings

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Governance: 16 of 16 board members independent · 9 of 9 filing controls reported
  • Programs: 1 filed program accomplishment
  • Leadership: top reported pay $190K · 18 people listed · 1 of 6 pay-setting controls reported
  • Highest-paid contractors: 1 contractor listed · $119K reported
  • Consistency: 12 of 12 current checks pass
  • Schedules: 5 filed schedules · includes executive pay
  • Filing history: 16 filing years from 2009 to 2024
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • Related organizations: 3 filed related-organization links
  • 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 — Growth: Asset growth scored 0/100.
  • Moderate — Sustainability: Operating margin scored 45/100.
  • High — Sustainability: Liabilities to assets ratio scored 15/100.
  • Moderate — Sustainability: Officer compensation ratio scored 37/100.