Economic Development Corporation
Other · Hobbs, New Mexico
200 E Broadway Ste A201, Hobbs, NM 88240-8425
Annual Revenue
$1.6M
Total Expenses
$1.2M
Total Assets
$3.9M
Program Spending
91%
of expenses go to programs
Compensation & Payroll
Total Officer Compensation
$163K
13.1% of total expenses
All officers, directors, and key employees combined
Other Salaries & Wages
$204K
Total Payroll
$367K
29% of total expenses
Where the Money Goes
Trust Score Breakdown
Program Spending Ratio
91% of expenses go to programs
Revenue & Stability
$1.6M annual revenue
Executive Compensation
$163K total officer comp (13.1% of expenses)
Filing Recency
Most recent filing: 2024
Asset Strength
$3.9M in assets
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Data from IRS Form 990 filing (2024). Trust scores are calculated from public financial data and do not constitute endorsement or investment advice.