NEW MEXICO GAS COMPANY INC NON-UNION VEBA TRUST (EIN 320260036) - 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

ERIK BUCHANAN

Phone

5056973398

Tax Period

2023-01-01 to 2023-12-31

NEW MEXICO GAS COMPANY INC NON-UNION VEBA TRUST, founded in 2009, is a small nonprofit in the Mutual Benefit sector that reported $205K in total revenue in fiscal year 2023. Expenses of $997K exceeded revenue, resulting in a 386% operating deficit.

Mission

PROVIDE FUNDING FOR FUTURE MEDICAL, DENTAL AND VISION BENEFITS FOR CURRENT AND FUTURE NON-UNION RETIREES AND THEIR DEPENDENTS.

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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 $0

Program Service Revenue $0

Investment Income $34,995

Other Revenue $170,105

TOTAL REVENUE $205,100

Expense Breakdown

Grants Paid $0

Salaries & Benefits $16,645

Fundraising Expenses $0

Other Expenses $157,361

TOTAL EXPENSES $997,283

Year-over-Year Comparison

	2023	2022	Change
Revenue	$205,100	$194,564	+0.1%
Expenses	$997,283	$944,302	+0.1%
Net Income	$-792,183	$-749,738	+0.1%

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

N/A

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
GREG BLUNDEN CHAIR	CFO/TREASURER, TECO ENERGY, INC.	0.00	Director	$0	$0	$0
DAVID NICHOLSON VP LEGAL	GENERAL COUNSEL, TECO ENERGY, INC.	0.00	Director	$0	$0	$0
JEFF CHRONISTER	VP FINANCE, TAMPA ELECTRIC COMPANY	0.00	Director	$0	$0	$0
JOANN WEHLE VP STRATEGY	MKTING & SALES, PEOPLES GAS SYSTEM	0.00	Director	$0	$0	$0
DENISE WILCOX VP HR	& CORPORATE SECURITY, NM GAS CO.	0.00	Director	$0	$0	$0
MARIAH CACCIATORE VP HUMAN	RESOURCES, TAMPA ELECTRIC COMPANY	0.00	Director	$0	$0	$0
N/A	TRUSTEE	1.00		$16,645	$0	$16,645

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	No data	No data	No data	No data
2023	$205,100	$997,283	$35,261,608	$-792,183
2022	$194,564	$944,302	$32,911,323	$-749,738
2021	$1,295,180	$1,152,397	$39,321,163	$142,783
2020	$216,014	$1,126,152	$38,446,296	$-910,138
2019	$2,027,612	$736,858	$31,437,966	$1,290,754
2019	$2,028,004	$736,858	$35,997,138	$1,291,146
2018	$3,615,372	$662,616	$30,162,570	$2,952,756

NEW MEXICO GAS COMPANY INC NON-UNION VEBA TRUST