NEW MEXICO PROPERTY INSURANCE PROGRAM

EIN: 237045075

ALBUQUERQUE, NM

Total Revenue
$5,049,689
Total Expenses
$11,433,156
Total Assets
$3,488,483
Net Assets
$3,487,686
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
1969
Legal Domicile
NM
Principal Officer
ANALISA SISNEROS
Phone
5058789563
Tax Period
2023-01-01 to 2023-12-31

NEW MEXICO PROPERTY INSURANCE PROGRAM, founded in 1969, is a community nonprofit that reported $5.0M in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $11.4M exceeded revenue, resulting in a 126% operating deficit.

Mission

TO PROVIDE ESSENTIAL PROPERTY INSURANCE TO APPLICANTS IN NEW MEXICO WHO ARE UNABLE TO SECURE IT IN THE NORMAL MARKET.

Program Service Accomplishments

Program 1

PROVIDE ESSENTIAL PROPERTY INSURANCE TO APPLICANTS IN NEW MEXICO WHO ARE UNABLE TO SECURE IT IN THE NORMAL INSURANCE MARKET. 1250 CLAIMS WERE PROCESSED IN 2023. THERE WERE 6,578 POLICIES IN FORCE AS...

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PROVIDE ESSENTIAL PROPERTY INSURANCE TO APPLICANTS IN NEW MEXICO WHO ARE UNABLE TO SECURE IT IN THE NORMAL INSURANCE MARKET. 1250 CLAIMS WERE PROCESSED IN 2023. THERE WERE 6,578 POLICIES IN FORCE AS OF 12/31/2023.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $4,768,371
Investment Income $281,318
Other Revenue $0
TOTAL REVENUE $5,049,689

Expense Breakdown

Grants Paid $0
Salaries & Benefits $407,977
Fundraising Expenses $0
Other Expenses $11,025,179
TOTAL EXPENSES $11,433,156

Year-over-Year Comparison

2023 2022 Change
Revenue $5,049,689 $4,630,797 +0.1%
Expenses $11,433,156 $5,064,739 +1.3%
Net Income $-6,383,467 $-433,942 +13.7%
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

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

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
8
Independent Members
8
Employees
5
Volunteers
8

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
6
$105,635
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DARYL FILIPEK CHAIR 1.00
Officer Director
$0 $0 $0
STEVE FLETCHER VICE CHAIR 1.00
Officer Director
$0 $0 $0
DAVID SELL VICE CHAIR TO 9/22/2023 1.00
Officer Director
$0 $0 $0
KENDRA ZACHARIAS TREASURER 1.00
Officer Director
$0 $0 $0
MELISSA GRANDON SECRETARY 1.00
Officer Director
$0 $0 $0
SARAH BARNES DIRECTOR 1.00
Director
$0 $0 $0
KRIS MARTIN DIRECTOR 1.00
Director
$0 $0 $0
MELISSA ROBERTSON DIRECTOR 1.00
Director
$0 $0 $0
DUANE BENDER DIRECTOR 1.00
Director
$0 $0 $0
ANALISA SISNEROS EXECUTIVE DIRECTOR 40.00
Officer
$98,748 $6,887 $105,635
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
2024 No data No data No data No data
2023 $5,049,689 $11,433,156 $3,488,483 $-6,383,467
2022 $4,630,797 $5,064,739 $9,875,754 $-433,942
2021 $4,751,492 $4,784,548 $10,306,888 $-33,056
2020 $5,178,312 $4,243,137 $10,343,194 $935,175
2019 $5,308,672 $4,832,099 $9,404,616 $476,573
2018 $5,087,583 $2,763,275 $8,907,503 $2,324,308
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