NEW MEXICO LAND CONSERVANCY

EIN: 061648104 501(c)(3) Food, Agriculture & Nutrition

SANTA FE, NM

Total Revenue
$4,300,585
Total Expenses
$4,485,813
Total Assets
$3,621,470
Net Assets
$3,588,953
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2002
Legal Domicile
NM
Principal Officer
GEORGE DENNIS
Phone
5059863801
Tax Period
2024-07-01 to 2025-06-30

NEW MEXICO LAND CONSERVANCY, founded in 2002, is a community nonprofit in the Food, Agriculture & Nutrition sector that reported $4.3M in total revenue in fiscal year 2024. Revenue surged 58% from the prior year, signaling strong growth momentum.

Mission

TO PRESERVE NEW MEXICO'S LAND HERITAGE BY HELPING PEOPLE CONSERVE THE PLACES THEY LOVE. NMLC WORKS WITH LANDOWNERS AND OTHERS TO PROTECT WILDLIFE HABITAT, AGRICULTURAL LANDS, SCENIC OPEN SPACE, CULTURAL AND HISTORIC RESOURCES, AND RECREATIONAL LANDS.

Program Service Accomplishments

Program 1
Expenses: $4,231,037 Revenue: $3,881,707

IN FY25, NMLC COMPLETED 2 CONSERVATION EASEMENTS IN 2024 (HERMOSA-KELSEY AND GIBSON RANCH), WITH AN ADDITIONAL ACREAGE AMENDMENT TO AN EXISTING CONSERVATION EASEMENT FOR UTE LAKE RANCH, PROTECTING...

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IN FY25, NMLC COMPLETED 2 CONSERVATION EASEMENTS IN 2024 (HERMOSA-KELSEY AND GIBSON RANCH), WITH AN ADDITIONAL ACREAGE AMENDMENT TO AN EXISTING CONSERVATION EASEMENT FOR UTE LAKE RANCH, PROTECTING 4,273 ACRES AND INCREASING ITS TOTAL PORTFOLIO TO 123 EASEMENTS OVER 696,921 ACRES AT THE END OF FISCAL YEAR 2025. WHILE THE EASEMENT DONATIONS REPRESENT VALUE TO THE GRANTORS BASED UPON THE APPRAISED VALUE OF THE DEVELOPMENT RIGHTS FOREGONE THROUGH THE CONSERVATION EASEMENTS (WHICH FORM THE BASIS OF THEIR CHARITABLE TAX DEDUCTIONS), THE EASEMENTS HAVE NO REAL FINANCIAL OR MARKETABLE VALUE ONCE THEY ARE DONATED TO THE LAND TRUST. THE COMBINED VALUE OF THE NON-CASH CONSERVATION EASEMENT CONTRIBUTIONS GRANTED TO NMLC FOR THE YEAR ENDED JUNE 30, 2025 WAS 1,575,000, AS COMPARED TO 1,575,000 FOR THE YEAR ENDED JUNE 30, 2024. NMLC COMPLETED 2 CONSERVATION EASEMENTS IN 2024 (HERMOSA-KELSEY AND GIBSON RANCH), WITH AN ADDITIONAL ACREAGE AMENDMENT TO AN EXISTING CONSERVATION EASEMENT FOR UTE LAKE RANCH, PROTECTING 4,273 ACRES AND INCREASING ITS TOTAL PORTFOLIO TO 123 EASEMENTS OVER 696,921 ACRES AT THE END OF FISCAL YEAR 2025. WHILE THE EASEMENT DONATIONS REPRESENT VALUE TO THE GRANTORS BASED UPON THE APPRAISED VALUE OF THE DEVELOPMENT RIGHTS FOREGONE THROUGH THE CONSERVATION EASEMENTS (WHICH FORM THE BASIS OF THEIR CHARITABLE TAX DEDUCTIONS), THE EASEMENTS HAVE NO REAL FINANCIAL OR MARKETABLE VALUE ONCE THEY ARE DONATED TO THE LAND TRUST. THE COMBINED VALUE OF THE NON-CASH CONSERVATION EASEMENT CONTRIBUTIONS GRANTED TO NMLC FOR THE YEAR ENDED JUNE 30, 2025 WAS 1,575,000, AS COMPARED TO 1,575,000 FOR THE YEAR ENDED JUNE 30, 2024. CONSERVATION EASEMENT ACQUISITION FUNDING AGREEMENTS IN CERTAIN CIRCUMSTANCES, NMLC WILL ENTER INTO AGREEMENTS WITH GOVERNMENTAL ENTITIES AS A COOPERATING/SPONSORSHIP ORGANIZATION TO FACILITATE THE GOVERNMENTAL ENTITY OR ENTITIES PARTICIPATION IN ACQUISITION OF CONSERVATION EASEMENTS. UPON CLOSING A CONSERVATION EASEMENT ACQUISITION, WHERE LAND TITLE IS PASSED THROUGH NMLC, NMLC WILL RECORD REVENUE AND AN EQUAL CONSERVATION EASEMENT ACQUISITION EXPENDITURE FOR AMOUNTS THAT NMLC HAS PASSED THROUGH THE LANDOWNER.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $347,265
Program Service Revenue $3,881,707
Investment Income $71,613
Other Revenue $0
TOTAL REVENUE $4,300,585

Expense Breakdown

Grants Paid $0
Salaries & Benefits $752,697
Fundraising Expenses $97,816
Program Expenses $4,231,037
Other Expenses $3,733,116
TOTAL EXPENSES $4,485,813

Year-over-Year Comparison

2024 2023 Change
Revenue $4,300,585 $2,724,238 +0.6%
Expenses $4,485,813 $2,937,352 +0.5%
Net Income $-185,228 $-213,114 -0.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
7
Independent Members
7
Employees
11
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$132,591
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LINDA BREWER DIRECTOR 1.00
Director
$0 $0 $0
JACK WRIGHT DIRECTOR 1.00
Director
$0 $0 $0
ERIC NERIA DIRECTOR FRO 1.00
Director
$0 $0 $0
MARY BETH KUDERIK DIRECTOR FRO 1.00
Director
$0 $0 $0
ED KRAFT SECRETARY 1.00
Officer Director
$0 $0 $0
ROBERT ANDERSON VICE CHAIR 1.00
Officer Director
$0 $0 $0
GEORGE DENNIS CHAIR AND TR 1.00
Officer Director
$0 $0 $0
JONATHAN HAYDEN EXECUTIVE DI 40.00
Officer
$117,769 $14,822 $132,591
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $4,300,585 $4,485,813 $3,621,470 $-185,228
2024 $2,724,238 $2,937,352 $4,753,081 $-213,114
2023 $1,606,539 $1,956,729 $3,823,432 $-350,190
2022 $14,001,258 $13,239,528 $4,154,616 $761,730
2021 $4,005,954 $3,805,284 $3,774,909 $200,670
2020 $5,399,632 $4,304,066 $3,440,151 $1,095,566
2019 $1,191,469 $1,168,912 $2,676,213 $22,557
2018 $1,194,063 $1,169,763 $2,635,384 $24,300
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