NEW MEXICO PHILHARMONIC INC

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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

MAUREEN BACA

Phone

5053234343

Tax Period

2024-09-01 to 2025-08-31

NEW MEXICO PHILHARMONIC INC, founded in 2009, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.9M in total revenue in fiscal year 2024. Revenue decreased 8% compared to the prior year.

Mission

THE NEW MEXICO PHILHARMONIC'S MISSION IS TO ENRICH LIVES BY PROVIDING EXCELLENT MUSIC, COMMUNITY ENGAGEMENT AND EDUCATIONAL OPPORTUNITIES.

Program Service Accomplishments

Program 1

Expenses: $2,482,533 Revenue: $1,493,996

SEASON 2024-25 HIGHLIGHTS:ORGANIZATIONAL:CLASSIC AND POPS SERIES TOOK PLACE IN THE LARGE VENUE POPEJOY HALL. SMALLER SIZER ORCHESTRA CONCERTS AT NATIONAL HISPANIC CULTURAL CENTER, IMMANUAL...

SEASON 2024-25 HIGHLIGHTS:ORGANIZATIONAL:CLASSIC AND POPS SERIES TOOK PLACE IN THE LARGE VENUE POPEJOY HALL. SMALLER SIZER ORCHESTRA CONCERTS AT NATIONAL HISPANIC CULTURAL CENTER, IMMANUAL PRESBYTERIAN CHURCH AND FIRST UNITED METHODIST CHURCH INCLUDING A COFFEE CONCERT SERIES, AFTERNOON CLASSIC SERIES, AND A LOW COST SERIES FOR FAMILIES CALLED POWER CONCERTS. 25 FREE TICKETS FOR EACH CONCERT WERE OFFERED TO VETERANS THROUGH THE VETTIX PROGRAM.EDUCATION-YOUNG MUSICIAN INITIATIVE BASED ON ELSISTEMA, AN IN-DEPTH MUSIC LEARNING INITIATIVE. PROGRAM TOOK PLACE AT DOLORES GONZALES ELEMENTARY AND ISLETATA ELEMENTARY ON THE ISLETA PUEBLO. -YOUTH CONCERTS CONTINUE - 8 CONCERTS OFFERED TO ALL FOURTH AND FIFTH GRADE STUDENTS IN THE ALBUQUERQUE PUBLIC SCHOOL SYSTEM.-ELEMENTARY SCHOOL ENSEMBLE VISITS FOR SECOND GRADE STUDENTS - CONTINUE TO BE OFFERED.-$30 ALL CONCERT ACCESS SOUND CARDS OFFERED TO STUDENTS THROUGH COLLEGE AGE, 200 SOLD.-$10 STUDENT RUSH TICKETS OFFERED FOR EVERY CONCERT.-STUDENTS FROM RURAL COMMUNITIES WERE OFFERED FREE TICKETS UPON REQUEST.FUNDRAISING-CONCERT SPONSORSHIPS OVER $98,500.-$40,000 GRANT FROM MEREDITH FOUNDATION.-$101,2777 GRANT FROM ALBUQUERQUE COMMUNITY FOUNDATION.

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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 $1,295,846

Program Service Revenue $1,489,495

Investment Income $52,571

Other Revenue $59,644

TOTAL REVENUE $2,897,556

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,770,563

Fundraising Expenses $131,969

Program Expenses $2,482,533

Other Expenses $1,220,313

TOTAL EXPENSES $2,990,876

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,897,556	$3,145,401	-0.1%
Expenses	$2,990,876	$3,097,214	0.0%
Net Income	$-93,320	$48,187	-2.9%

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

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

$117,308

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
AL STOTTS	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
JOEL BACA	DIRECTOR	1.00	Director	$0	$0	$0
DAVID CAMPBELL	DIRECTOR	1.00	Director	$0	$0	$0
JEFFREY ROMERO	DIRECTOR	1.00	Director	$0	$0	$0
TERRENCE SLOAN	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL WALLACE	DIRECTOR	1.00	Director	$0	$0	$0
RON BRONITSKY	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT GOUGH	DIRECTOR	1.00	Director	$0	$0	$0
IDALIA LECHUGA-TENA	DIRECTOR	1.00	Director	$0	$0	$0
FRITZ ERBERLE	TREASURER	5.00	Officer Director	$0	$0	$0
LAUREN WILBER	SECRETARY	1.00	Officer Director	$0	$0	$0
MARIAN TANAU	PRESIDENT & CEO	40.00	Officer	$115,000	$2,308	$117,308

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	$2,897,556	$2,990,876	$701,748	$-93,320
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