NEW MEXICO PROPERTY INSURANCE PROGRAM (EIN 237045075) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1969

Legal Domicile

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.

🔒

Trantor Score

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

Sign in to view Trantor Score and financial metrics

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

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

🔒

Financial Health Indicators

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

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Governance

Voting Members

Independent Members

Employees

Volunteers

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

$105,635

Total Directors

Key Employees

Highest Compensated

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

NEW MEXICO PROPERTY INSURANCE PROGRAM