Economic Development Corporation
Hobbs, New Mexico
Financial Health Score
8-metric score across financial health, operational efficiency, and resilience. Based on IRS Form 990 filing data.
Good
How This Organization Compares
Compared to 22 peers in Unclassified with $1M-$10M revenue
Working Capital Ratio (net assets ÷ expenses)
Financial Trends
5-Year Trend Analysis
Financial Health Indicators
Filing History
14 filings on record| Year | Revenue | Expenses | Assets | |
|---|---|---|---|---|
| 2024 | $1,554,450↓12% | $1,249,954↓3% | $3,921,749↑113% | |
| 2023 | $1,766,110↑32% | $1,293,663↑24% | $1,840,220↓29% | — |
| 2022 | $1,340,620↑6% | $1,041,283↑17% | $2,601,725↑134% | — |
| 2021 | $1,260,846↑22% | $890,949↓21% | $1,111,066↑52% | — |
| 2020 | $1,031,367↓8% | $1,128,389↑2% | $729,710↓7% | — |
| 2019 | $1,115,367↑23% | $1,103,186↑1% | $788,312↓4% | — |
| 2018 | $908,427↓35% | $1,095,064↓21% | $823,881↓19% | — |
| 2017 | $1,403,000↑47% | $1,390,461↑51% | $1,020,520↑6% | — |
| 2016 | $955,566↓6% | $921,099↓4% | $963,096↑2% | — |
| 2015 | $1,021,542↑4% | $958,814↑19% | $947,005↑11% | — |
| 2014 | $982,827↓2% | $804,127↓24% | $854,926↑22% | — |
| 2013 | $1,003,028↓11% | $1,051,330↓6% | $700,198↓11% | — |
| 2012 | $1,127,728↑14% | $1,118,836↑3% | $786,612↑5% | — |
| 2011 | $988,086 | $1,083,942 | $748,916 | — |
Frequently Asked Questions
What does Economic Development Corporation do?▼
Economic Development Corporation is a unclassified nonprofit organization based in New Mexico. It is classified under NTEE code Z and is registered as a 501(c) tax-exempt organization with the IRS.
Is Economic Development Corporation financially healthy?▼
Financial health scoring requires Form 990 filing data. Check back as we process more filings for Economic Development Corporation.
How much revenue does Economic Development Corporation generate?▼
Economic Development Corporation reports $1.9M in annual revenue and holds $2.7M in total assets, based on IRS filings.
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