Bishop Gorman Development Corporation
Bishop Gorman Development Corporation maintains substantial assets despite volatile revenue and no reported officer compensation.
EIN: 200409835 · Las Vegas, NV · NTEE: W11 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $4.7M |
| Total Expenses | $1.7M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $50 |
| Net Assets | $21.0M |
| Transparency Score | 75/100 |
Is Bishop Gorman Development Corporation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Bishop Gorman Development Corporation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Bishop Gorman Development Corporation
Bishop Gorman Development Corporation (EIN: 200409835) is a nonprofit organization based in Las Vegas, NV, classified under NTEE code W11. The organization reported total revenue of $4.7M and total assets of $57.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Bishop Gorman Development Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Bishop Gorman Development Corporation is a mid-size nonprofit that has been operating for 22 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 6.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $7.9M |
| Total Expenses | $1.7M |
| Surplus / Deficit | +$6.2M |
| Total Assets | $53.4M |
| Total Liabilities | $32.4M |
| Net Assets | $21.0M |
| Operating Margin | 78.8% |
| Debt-to-Asset Ratio | 60.6% |
| Months of Reserves | 383.7 months |
Financial Health Grade: A
In 2023, Bishop Gorman Development Corporation reported a surplus of $6.2M with revenue exceeding expenses, holds 383.7 months of operating reserves (strong position), has a debt-to-asset ratio of 60.6% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Bishop Gorman Development Corporation's revenue has grown at a compound annual growth rate (CAGR) of 6.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -39.8% | +29.4% | +13.9% |
| 2022 | +365.9% | +6.3% | +29.9% |
| 2021 | +65.8% | -8.8% | +1.9% |
| 2020 | -89.9% | +182.2% | -67.0% |
| 2019 | +182.4% | -96.7% | -2.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2004 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Bishop Gorman Development Corporation with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Bishop Gorman Development Corporation allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $6.2M, with revenue exceeding expenses.
- Debt-to-asset ratio: 60.6%.
Executive Compensation Analysis
No officer compensation has been reported across all 13 available IRS 990 filings, which is highly unusual for an organization with assets exceeding $50 million and annual revenues in the millions. This suggests either a fully volunteer executive leadership or compensation being reported under other expense categories, which could reduce transparency.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Bishop Gorman Development Corporation's IRS 990 filings:
- Extreme volatility in annual revenue, making financial forecasting challenging.
- Consistent reporting of zero officer compensation, which is unusual for an organization of this size and asset base, potentially obscuring leadership costs.
- Significant liabilities relative to assets, indicating a considerable debt burden.
Strengths
The following positive indicators were identified for Bishop Gorman Development Corporation:
- Substantial and growing asset base, reaching $53,406,205 in 2023, providing financial stability.
- Generally low expenses relative to revenue in recent years, suggesting efficient operational spending.
- Long filing history (13 filings) indicates consistent compliance with IRS reporting requirements.
Frequently Asked Questions about Bishop Gorman Development Corporation
Is Bishop Gorman Development Corporation a legitimate charity?
Bishop Gorman Development Corporation (EIN: 200409835) is a registered tax-exempt nonprofit based in Nevada. Our AI analysis gives it a Mission Score of 75/100. It has 13 years of IRS 990 filings on record. Total revenue: $4.7M. 3 red flags identified. 3 strengths noted. Financial health grade: A.
How does Bishop Gorman Development Corporation spend its money?
Bishop Gorman Development Corporation directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Bishop Gorman Development Corporation tax-deductible?
Bishop Gorman Development Corporation is registered as a tax-exempt nonprofit (EIN: 200409835). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Bishop Gorman Development Corporation CEO make?
Bishop Gorman Development Corporation's highest-compensated officer earns $50 annually. The organization reported $4.7M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Bishop Gorman Development Corporation's spending goes to programs?
Bishop Gorman Development Corporation directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Bishop Gorman Development Corporation compare to similar nonprofits?
With a transparency score of 75/100 (Good), Bishop Gorman Development Corporation is above average for NTEE category W11 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Bishop Gorman Development Corporation located?
Bishop Gorman Development Corporation is headquartered in Las Vegas, Nevada and files with the IRS under EIN 200409835. It is classified under NTEE code W11.
How many years of IRS 990 filings does Bishop Gorman Development Corporation have?
Bishop Gorman Development Corporation has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $4.7M in total revenue.
Is Bishop Gorman Development Corporation a good charity?
Based on the available data, the organization appears financially stable with substantial assets and generally low expenses relative to revenue. However, the extreme volatility in revenue and the lack of reported officer compensation warrant further investigation to fully assess its operational efficiency and transparency.
Why is there no officer compensation reported?
The IRS 990 filings consistently show $0 for officer compensation. This could mean that the executive leadership is entirely volunteer-based, or that compensation is being reported under different expense lines, which would reduce transparency regarding executive pay.
What causes the significant revenue fluctuations?
Revenue has varied dramatically, from negative $2.38 million in 2017 to over $16 million in 2019 and $13 million in 2022. Understanding the sources of this revenue (e.g., large one-time donations, investment gains/losses, specific fundraising campaigns) is crucial for assessing its sustainability and predictability.
How does the organization manage its significant liabilities?
With liabilities consistently in the tens of millions (e.g., $32,370,052 in 2023), understanding the nature of these liabilities (e.g., mortgages, bonds, program-related investments) and the organization's strategy for managing them is important for long-term financial health.
Filing History
IRS 990 filing history for Bishop Gorman Development Corporation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Bishop Gorman Development Corporation's revenue has grown by 111.2%, moving from $3.7M to $7.9M. Total assets decreased by 52.5% over the same period, from $112.4M to $53.4M. Total functional expenses rose by 64%, from $1.0M to $1.7M. In its most recent filing year (2023), Bishop Gorman Development Corporation reported a surplus of $6.2M, with revenue exceeding expenses. The organization holds $32.4M in liabilities against $53.4M in assets (debt-to-asset ratio: 60.6%), resulting in net assets of $21.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $7.9M | $1.7M | $53.4M | $32.4M | — | — |
| 2022 | $13.1M | $1.3M | $46.9M | $32.1M | — | View 990 |
| 2021 | $2.8M | $1.2M | $36.1M | $33.1M | — | View 990 |
| 2020 | $1.7M | $1.3M | $35.4M | $34.0M | — | View 990 |
| 2019 | $16.8M | $472K | $107.4M | $25.3M | — | View 990 |
| 2018 | $5.9M | $14.4M | $109.6M | $43.8M | — | View 990 |
| 2017 | $-2,380,778 | $715K | $122.2M | $48.0M | — | View 990 |
| 2016 | $611K | $896K | $126.2M | $48.9M | — | View 990 |
| 2015 | $2.9M | $461K | $129.2M | $51.6M | — | View 990 |
| 2014 | $1.3M | $442K | $132.6M | $57.4M | — | View 990 |
| 2013 | $2.0M | $569K | $134.5M | $60.2M | — | View 990 |
| 2012 | $12.6M | $2.4M | $129.3M | $56.4M | — | View 990 |
| 2011 | $3.7M | $1.0M | $112.4M | $49.8M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $7.9M, expenses of $1.7M, and assets of $53.4M (revenue -39.8% year-over-year).
- 2022: Revenue of $13.1M, expenses of $1.3M, and assets of $46.9M (revenue +365.9% year-over-year).
- 2021: Revenue of $2.8M, expenses of $1.2M, and assets of $36.1M (revenue +65.8% year-over-year).
- 2020: Revenue of $1.7M, expenses of $1.3M, and assets of $35.4M (revenue -89.9% year-over-year).
- 2019: Revenue of $16.8M, expenses of $472K, and assets of $107.4M (revenue +182.4% year-over-year).
- 2018: Revenue of $5.9M, expenses of $14.4M, and assets of $109.6M.
- 2017: Revenue of $-2,380,778, expenses of $715K, and assets of $122.2M (revenue -489.6% year-over-year).
- 2016: Revenue of $611K, expenses of $896K, and assets of $126.2M (revenue -78.8% year-over-year).
- 2015: Revenue of $2.9M, expenses of $461K, and assets of $129.2M (revenue +127.8% year-over-year).
- 2014: Revenue of $1.3M, expenses of $442K, and assets of $132.6M (revenue -38.3% year-over-year).
- 2013: Revenue of $2.0M, expenses of $569K, and assets of $134.5M (revenue -83.8% year-over-year).
- 2012: Revenue of $12.6M, expenses of $2.4M, and assets of $129.3M (revenue +238.0% year-over-year).
- 2011: Revenue of $3.7M, expenses of $1.0M, and assets of $112.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Bishop Gorman Development Corporation:
Data Sources and Methodology
This transparency report for Bishop Gorman Development Corporation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.