Hobbs Hispano Chamber Of Commerce Inc

Hobbs Hispano Chamber Of Commerce consistently operates with stable assets and no reported officer compensation, though recent years show slight operating deficits.

EIN: 202509041 · Hobbs, NM · NTEE: S41 · Updated: 2026-03-28

$178KRevenue

$200KAssets

75/100Mission Score (Good)

S41

About Hobbs Hispano Chamber Of Commerce Inc

Hobbs Hispano Chamber Of Commerce Inc (EIN: 202509041) is a nonprofit organization based in Hobbs, NM, classified under NTEE code S41. The organization reported total revenue of $178K and total assets of $200K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hobbs Hispano Chamber Of Commerce Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The Hobbs Hispano Chamber Of Commerce Inc. demonstrates consistent financial activity, with revenues and expenses generally ranging between $100,000 and $140,000 over the past decade. The organization has maintained a stable asset base, typically between $150,000 and $200,000, indicating a reasonable level of financial stability for its size. However, the most recent filing (202312) shows expenses exceeding revenue by approximately $6,281 ($133,735 expenses vs. $127,454 revenue), a trend also observed in 202212 and 202112, suggesting a pattern of operating at a slight deficit in recent years. This could lead to a gradual erosion of assets if not addressed.

The organization's transparency is commendable regarding executive compensation, as all filings consistently report 0% officer compensation. This indicates that the leadership is either volunteer-based or compensated through other means not classified as officer compensation, which is a positive sign for donor confidence. While specific program spending details are not provided in the summary data, the consistent operational expenses suggest ongoing activities aligned with its NTEE code (S41 - Business & Commerce Organizations). The relatively low liabilities across most years also point to sound financial management in terms of debt.

Overall, the Hobbs Hispano Chamber Of Commerce Inc. appears to be a financially stable, albeit small, organization with a strong commitment to not compensating its officers. The recent trend of expenses slightly outpacing revenue warrants attention to ensure long-term sustainability, but its consistent asset base and low liabilities are positive indicators. Further analysis of program-specific spending would provide a more complete picture of its spending efficiency.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Hobbs Hispano Chamber Of Commerce Inc 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: 15%
programs: 80%
fundraising: 5%

According to IRS 990 filings, Hobbs Hispano Chamber Of Commerce Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

The organization consistently reports 0% officer compensation across all available filings, indicating that its leadership is either entirely volunteer-based or compensated through non-officer roles, which is highly favorable for a nonprofit of its size.

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 Hobbs Hispano Chamber Of Commerce Inc's IRS 990 filings:

Recent trend of expenses exceeding revenue (e.g., $133,735 expenses vs. $127,454 revenue in 202312), which could deplete assets over time.

Strengths

The following positive indicators were identified for Hobbs Hispano Chamber Of Commerce Inc:

Consistent reporting of 0% officer compensation, indicating strong commitment to mission over executive pay.
Stable asset base (e.g., $157,430 in 202312) relative to its operational size, suggesting financial resilience.
Low liabilities across most filing periods, indicating responsible debt management.
Long filing history (13 filings) demonstrates consistent operation and compliance.

Frequently Asked Questions about Hobbs Hispano Chamber Of Commerce Inc

Is Hobbs Hispano Chamber Of Commerce Inc. financially stable?

Yes, the organization generally maintains a stable asset base (e.g., $157,430 in 202312) and low liabilities, indicating financial stability despite recent small operating deficits.

Does the organization pay its officers?

No, all available IRS 990 filings consistently report 0% officer compensation, suggesting a volunteer-led or very lean administrative structure.

Has the organization's revenue been growing?

Revenue has fluctuated, with the latest reported revenue of $127,454 in 202312 being lower than the $143,941 reported in 202012, but generally staying within a similar range over the past decade.

Are expenses consistently higher than revenue?

In the most recent three periods (202312, 202212, 202112), expenses have slightly exceeded revenue, such as $133,735 in expenses versus $127,454 in revenue for 202312. However, in earlier years (e.g., 202012, 201812), revenue exceeded expenses.

Filing History

IRS 990 filing history for Hobbs Hispano Chamber Of Commerce Inc showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Hobbs Hispano Chamber Of Commerce Inc's revenue has grown by 35.3%, moving from $94K to $127K. Total assets decreased by 8.3% over the same period, from $172K to $157K. Total functional expenses rose by 38.9%, from $96K to $134K. In its most recent filing year (2023), Hobbs Hispano Chamber Of Commerce Inc reported a deficit of $6K, with expenses exceeding revenue. The organization holds $974 in liabilities against $157K in assets (debt-to-asset ratio: 0.6%), resulting in net assets of $156K.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$127K	$134K	$157K	$974	—	—
2022	$106K	$117K	$169K	$6K	—	View 990
2021	$113K	$131K	$185K	$10K	—	View 990
2020	$144K	$111K	$209K	$17K	—	—
2019	$104K	$111K	$162K	$3K	—	View 990
2018	$120K	$113K	$168K	$3K	—	View 990
2017	$127K	$117K	$159K	$0	—	View 990
2016	$102K	$85K	$152K	$3K	—	View 990
2015	$108K	$93K	$137K	$6K	—	View 990
2014	$110K	$85K	$117K	$2K	—	View 990
2013	$84K	$89K	$95K	$5K	—	View 990
2012	$106K	$109K	$178K	$9K	—	View 990
2011	$94K	$96K	$172K	$0	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $127K, expenses of $134K, and assets of $157K (revenue +20.5% year-over-year).
2022: Revenue of $106K, expenses of $117K, and assets of $169K (revenue -6.8% year-over-year).
2021: Revenue of $113K, expenses of $131K, and assets of $185K (revenue -21.2% year-over-year).
2020: Revenue of $144K, expenses of $111K, and assets of $209K (revenue +38.1% year-over-year).
2019: Revenue of $104K, expenses of $111K, and assets of $162K (revenue -13.2% year-over-year).
2018: Revenue of $120K, expenses of $113K, and assets of $168K (revenue -5.2% year-over-year).
2017: Revenue of $127K, expenses of $117K, and assets of $159K (revenue +24.3% year-over-year).
2016: Revenue of $102K, expenses of $85K, and assets of $152K (revenue -6.1% year-over-year).
2015: Revenue of $108K, expenses of $93K, and assets of $137K (revenue -1.0% year-over-year).
2014: Revenue of $110K, expenses of $85K, and assets of $117K (revenue +30.5% year-over-year).
2013: Revenue of $84K, expenses of $89K, and assets of $95K (revenue -20.5% year-over-year).
2012: Revenue of $106K, expenses of $109K, and assets of $178K (revenue +12.1% year-over-year).
2011: Revenue of $94K, expenses of $96K, and assets of $172K.

Data Sources and Methodology

This transparency report for Hobbs Hispano Chamber Of Commerce Inc 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.