NEW MEXICO SCHOOL FOR THE ARTS - ARTS INSTITUTE (EIN 264764395) - Form 990 Financial Analysis & Trantor Score

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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

2009

Legal Domicile

Principal Officer

CINDY MONTOYA

Phone

5052167888

Tax Period

2024-07-01 to 2025-06-30

NEW MEXICO SCHOOL FOR THE ARTS - ARTS INSTITUTE, founded in 2009, is a community nonprofit in the Education sector that reported $2.9M in total revenue in fiscal year 2024. Revenue fell 42% from the prior year — a significant decline worth monitoring. Expenses of $2.7M left a modest 5% surplus.

Mission

NEW MEXICO SCHOOL FOR THE ARTS-ART INSTITUTE, ASSISTS PASSIONATE YOUNG ARTISTS IN DEVELOPING THEIR FULL POTENTIAL THROUGH A RIGOROUS MASTER OF ARTS AND ACADEMIC EDUCATION.

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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 (2024)

Revenue Breakdown

Contributions & Grants $2,318,974

Program Service Revenue $90,082

Investment Income $33,371

Other Revenue $421,010

TOTAL REVENUE $2,863,437

Expense Breakdown

Grants Paid $6,168

Salaries & Benefits $1,659,195

Fundraising Expenses $389,156

Program Expenses $1,562,772

Other Expenses $1,049,667

TOTAL EXPENSES $2,715,030

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,863,437	$4,949,680	-0.4%
Expenses	$2,715,030	$2,881,521	-0.1%
Net Income	$148,407	$2,068,159	-0.9%

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

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

$152,632

Total Directors

$152,632

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CINDY MONTOYA	EXECUTIVE DIRECTOR	40.00	Officer Director	$152,530	$102	$152,632
CARL THOMA	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
PAMELA SAUNDERS-ALBIN	VICE CHAIR	1.00	Officer Director	$0	$0	$0
CYNTHIA NAVA	SECRETARY	1.00	Officer Director	$0	$0	$0
NICK TELLES	TREASURER	5.00	Officer Director	$0	$0	$0
DEE ANN MCINTYRE	DIRECTOR	1.00	Director	$0	$0	$0
IAN BROWLOW	DIRECTOR	1.00	Director	$0	$0	$0
JAMES HINDMAN	DIRECTOR	1.00	Director	$0	$0	$0
LAURIE BAUMAN ARNOLD	DIRECTOR	1.00	Director	$0	$0	$0
MARY SLOANE	DIRECTOR	1.00	Director	$0	$0	$0
NATALIE FITZ-GERALD	DIRECTOR	1.00	Director	$0	$0	$0
STEVE ARNOLD	DIRECTOR	1.00	Director	$0	$0	$0
VALERIE DIKER	DIRECTOR	1.00	Director	$0	$0	$0
CHARLOTTE HETHERINGTON	DIRECTOR	1.00	Director	$0	$0	$0
HOLLY RICE	DIRECTOR	1.00	Director	$0	$0	$0
MATTHEW MARTINEZ	DIRECTOR	1.00	Director	$0	$0	$0
AMY MCCOMBS	DIRECTOR	1.00	Director	$0	$0	$0
SARAH NOLAN	DIRECTOR	1.00	Director	$0	$0	$0
AARON PAYNE	DIRECTOR	1.00	Director	$0	$0	$0
DEBORAH POTTER	DIRECTOR	1.00	Director	$0	$0	$0
ELMER TORRES	DIRECTOR	1.00	Director	$0	$0	$0
MADELEINE WRIGHT	DIRECTOR	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	$2,863,437	$2,715,030	$32,262,442	$148,407
2024	$4,949,680	$2,881,521	$30,970,657	$2,068,159
2023	$3,930,911	$3,070,642	$28,989,586	$860,269
2022	$2,927,770	$2,826,007	$29,060,578	$101,763
2021	$3,798,402	$2,072,844	$30,264,019	$1,725,558
2020	$4,764,764	$2,667,719	$30,673,238	$2,097,045
2019	$5,782,347	$2,569,122	$29,160,977	$3,213,225
2018	$9,075,141	$2,270,317	$24,642,785	$6,804,824

NEW MEXICO SCHOOL FOR THE ARTS - ARTS INSTITUTE