Tucumcari Main Street Corporation

Nonprofit profile at a glance

EIN
260229282
IRS 990-EZ coverage
2009–2024
Forms available
Form 990-EZ 2024
Location
Tucumcari, NM, USA
Phone
5754613701
Rating
96
Verdict
STRONG
Rating confidence
Moderate
Sector
Community, Neighborhood Development

Reported finances

Revenue
$121,713
Expenses
$192,327
Assets
$209,186
Liabilities
$2,028

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

Leadership & pay

8 people listed

Executive titles in this filing

  • AMY GUTIERREZ (PRESIDENT)

People named in this filing

  • CONNIE LOVELAND (EXECUTIVE OF)
  • AMY GUTIERREZ (PRESIDENT)
  • COOPER GLOVER (VICE PRESIDE)

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 stimulate downtwon revitalization in tucumcari, New Mexico, through organization, promotion, design and to receive, administer, and distribute funds in connection with any activities related to the above purpose.

What it reported doing in 2024

2.great blocks on main street project - New Mexico economic development department and New Mexico mainstreet have developed a comprehensive design program to assist high-capacity mainstreet districts with an economic revitalization project called "great blocks on main street". Tucumcari mainstreet was awarded this grant project in december of 2015. Phase one of the project has been completed. A grant in the amount of 1.7 million was awarded to tucumcari mainstreet with quay county acting as the fiscal agent. The existing construction plans were updated to reflect updated nmdot ada compliance requirements. Construction will begin once the plans are received. Tms meets bi-weekly with the county manager, city of tucumcari public works director & planning department, nmms staff, and stantec engineers to ensure the project remains on track.

Operating model

Revenue model
Donor-supported. 89% of the money available for current operations came from contributions and gifts.
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

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and reported officer compensation is a large share of total spending, which may reflect staffing concentration.

Rating breakdown

  • Financial Efficiency: 100
  • Transparency & Controls: 100
  • Sustainability: 25
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 100%; rating input score 100

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: -58%; rating input score 1; 1st percentile among comparable filings
  • Total-asset coverage ratio: 1.09; rating input score 62; 62nd percentile among comparable filings
  • Liabilities to assets ratio: 0.01; rating input score 42; 42nd percentile among comparable filings
  • Officer compensation ratio: 26%; rating input score 13; 13th percentile among comparable filings

Growth

  • Program expense growth: 10.6% per year; rating input score 100; 62nd percentile among comparable filings
  • Revenue growth: 5.5% per year; rating input score 100; 50th percentile among comparable filings
  • Asset growth: 10.2% per year; rating input score 100; 62nd percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 100% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 4 filed program accomplishments · $192K in reported program spending
  • Leadership: top reported pay $0 · 8 people listed
  • Consistency: 8 of 8 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 15 filing years from 2009 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 — Sustainability: Operating margin scored 1/100.
  • High — Sustainability: Officer compensation ratio scored 13/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 42/100.