NEW MEXICO PHILHARMONIC INC (EIN 271148446) - 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

MARIAN TANAU

Phone

5053234343

Tax Period

2023-09-01 to 2024-08-31

NEW MEXICO PHILHARMONIC INC, founded in 2009, is a community nonprofit in the Arts, Culture & Humanities sector that reported $3.1M in total revenue in fiscal year 2023. Revenue surged 30% from the prior year, signaling strong growth momentum.

Mission

AS THE MAJOR PROFESSIONAL ORCHESTRA IN THE STATE, THE NEW MEXICO PHILHARMONIC IS COMMITTED TO INSPIRING AUDIENCES OF ALL AGES AND BACKGROUNDS THROUGH ITS ARTISTIC EXCELLENCE, INNOVATIVE PROGRAMMING AND EDUCATION, AND COMMUNITY ENGAGEMENT.

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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 $1,493,960

Program Service Revenue $1,519,229

Investment Income $80,529

Other Revenue $51,683

TOTAL REVENUE $3,145,401

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,632,007

Fundraising Expenses $57,061

Program Expenses $2,591,488

Other Expenses $1,465,207

TOTAL EXPENSES $3,097,214

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,145,401	$2,416,803	+0.3%
Expenses	$3,097,214	$2,639,887	+0.2%
Net Income	$48,187	$-223,084	-1.2%

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

246

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

$115,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MAUREEN BACA	PRESIDENT	15.00	Officer Director	$0	$0	$0
DAVID W PETERSON	SECRETARY	1.00	Officer Director	$0	$0	$0
KORY HOGGAN CPA	TREASURER	5.00	Officer Director	$0	$0	$0
AL STOTTS	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
JOEL BACA	DIRECTOR	1.00	Director	$0	$0	$0
RUTH BITSUI	DIRECTOR	1.00	Director	$0	$0	$0
DAVID CAMPBELL	DIRECTOR	1.00	Director	$0	$0	$0
THOMAS DOMME	DIRECTOR	1.00	Director	$0	$0	$0
FRITZ EBERLE	DIRECTOR	1.00	Director	$0	$0	$0
JEFFREY ROMERO	DIRECTOR	1.00	Director	$0	$0	$0
EDWARD ROSE MD	DIRECTOR	1.00	Director	$0	$0	$0
TERRENCE SLOAN	DIRECTOR	1.00	Director	$0	$0	$0
TATIANA VETRINSKAYA	DIRECTOR	1.00	Director	$0	$0	$0
RACHAEL SPEEGLE	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL WALLACE	DIRECTOR	1.00	Director	$0	$0	$0
MARIAN TANAU	PRESIDENT & CEO	40.00	Officer	$115,000	$0	$115,000

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	$3,145,401	$3,097,214	$837,492	$48,187
2023	$2,416,803	$2,639,887	$814,685	$-223,084
2022	$2,636,402	$2,689,648	$1,029,983	$-53,246
2021	$1,814,697	$1,143,998	$1,077,927	$670,699
2020	$1,791,722	$1,946,989	$458,933	$-155,267
2019	$2,350,054	$2,358,619	$625,539	$-8,565
2018	$2,269,541	$2,287,127	$575,929	$-17,586

NEW MEXICO PHILHARMONIC INC