NEW MEXICO MUSIC EDUCATORS ASSOC

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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

1979

Legal Domicile

Principal Officer

NEIL SWAPP

Phone

5756494507

Tax Period

2023-08-01 to 2024-07-31

NEW MEXICO MUSIC EDUCATORS ASSOC, founded in 1979, is a small nonprofit that reported $423K in total revenue in fiscal year 2023. Revenue surged 22% from the prior year, signaling strong growth momentum. Expenses of $404K left a modest 4% surplus.

Mission

TO PROMOTE THE ADVANCEMENT OF MUSIC EDUCATION THROUGH PUBLIC, PRIVATE AND PAROCHIAL SCHOOLS AND OTHER EDUCATIONAL INSTITUTIONS OF NEW MEXICO

Program Service Accomplishments

Program 1

Expenses: $346,566 Revenue: $422,727

PROVIDING MUSICAL EDUCATION SUPPORT TO SCHOOLS, STUDENTS, ETC.

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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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $63,879

Program Service Revenue $354,327

Investment Income $4,521

Other Revenue $0

TOTAL REVENUE $422,727

Expense Breakdown

Grants Paid $0

Salaries & Benefits $39,400

Fundraising Expenses $0

Program Expenses $346,566

Other Expenses $365,015

TOTAL EXPENSES $404,415

Year-over-Year Comparison

	2023	2022	Change
Revenue	$422,727	$346,468	+0.2%
Expenses	$404,415	$353,686	+0.1%
Net Income	$18,312	$-7,218	-3.5%

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

Governance

Voting Members

Independent Members

Employees

Volunteers

200

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

Total Directors

$32,496

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JENNIFER ROGERS	ORCHESTRA VP	3.00	Director	$0	$0	$0
AMY WILLIAMS	PAST PRESIDENT	1.00	Director	$0	$0	$0
NEIL SWAPP	EXECUTIVE DIRECTOR	35.00	Director	$32,496	$0	$32,496
KEITH JORDAN	EDITOR	5.00	Director	$0	$0	$0
TY FREDERICK	PRESIDENT	1.00	Director	$0	$0	$0
BILL AUSTELL	PRESIDENT - DISTRICT 6	1.00	Director	$0	$0	$0
JORDAN SAYER	PRESIDENT - DISTRICT 7	1.00	Director	$0	$0	$0
KAREN PADILLA	PRESIDENT - DISTRICT 1	1.00	Director	$0	$0	$0
AJ CARSON	PRESIDENT - DISTRICT 3	1.00	Director	$0	$0	$0
ALEX AUSTELL	JAZZ VICE PRESIDENT	1.00	Director	$0	$0	$0
MIGUEL JARAMILLO	GUITAR VICE PRESIDENT	1.00	Director	$0	$0	$0
LINNEA MARASKY	GENERAL MUSIC VICE PRESIDENT	1.00	Director	$0	$0	$0
SIDNEY SHULER	COLLEGIATE VICE PRESIDENT	1.00	Director	$0	$0	$0
PAM QUINONES	CHORAL VICE PRESIDENT	1.00	Director	$0	$0	$0
ADAM BRYANT	BAND VP	1.00	Director	$0	$0	$0

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	No data	No data	No data	No data
2024	$422,727	$404,415	$475,956	$18,312
2023	$346,468	$353,686	$457,644	$-7,218
2022	$267,925	$281,672	$464,862	$-13,747
2021	$125,496	$127,452	$478,610	$-1,956
2020	$308,706	$254,224	$480,566	$54,482
2019	$326,226	$305,266	$430,844	$20,960