WORKERS COMPENSATION ASSOCIATION OF NEW MEXICO FOUNDATION (EIN 275224706) - 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

2011

Legal Domicile

Principal Officer

BROCK CARTER

Phone

5058811112

Tax Period

2024-01-01 to 2024-12-31

WORKERS COMPENSATION ASSOCIATION OF NEW MEXICO FOUNDATION, founded in 2011, is a small nonprofit in the Education sector that reported $184K in total revenue in fiscal year 2024. Revenue surged 35% from the prior year, signaling strong growth momentum. The organization ran a surplus of $48K, a strong 26% operating margin.

Mission

THE MISSION OF THE ORGANIZATION IS TO PROVIDE SCHOLARSHIPS FOR POST- SECONDARY EDUCATION TO CHILDREN WHOSE FAMILIES HAVE SUFFERED A SUBSTANTIAL DECLINE IN INCOME DUE TO A PARENT BEING KILLED OR PERMANENTLY OR CATASTROPHICALLY INJURED AS A RESULT OF A WORK RELATED INCIDENT.

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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 $30,000

Program Service Revenue $0

Investment Income $20,620

Other Revenue $133,045

TOTAL REVENUE $183,665

Expense Breakdown

Grants Paid $125,009

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $125,009

Other Expenses $10,828

TOTAL EXPENSES $135,837

Year-over-Year Comparison

	2024	2023	Change
Revenue	$183,665	$136,453	+0.3%
Expenses	$135,837	$95,977	+0.4%
Net Income	$47,828	$40,476	+0.2%

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

N/A

Volunteers

N/A

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BROCK CARTER	PRESIDENT	1.00	Officer Director	$0	$0	$0
COURTNEY BARELA	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
RICH CANGIOLOSI	TREASURER	1.00	Officer Director	$0	$0	$0
AMY DIXON	SECRETARY	1.00	Officer Director	$0	$0	$0
ANDRES SANCHEZ	DIRECTOR	0.50	Director	$0	$0	$0
YAHAIRA ROMERO	DIRECTOR	0.50	Director	$0	$0	$0
STACY REBER	DIRECTOR	0.50	Director	$0	$0	$0
AURELIA BARAJAS	DIRECTOR	0.50	Director	$0	$0	$0
RANDY ANDERSON	DIRECTOR	0.50	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	$183,665	$135,837	$715,050	$47,828
2023	$136,453	$95,977	$639,008	$40,476
2022	$182,118	$77,401	$564,527	$104,717
2021	$116,282	$79,540	$530,600	$36,742
2020	$123,476	$97,542	$455,489	$25,934
2019	$194,588	$131,349	$394,318	$63,239
2018	$154,260	$133,413	$331,079	$20,847

WORKERS COMPENSATION ASSOCIATION OF NEW MEXICO FOUNDATION