NEW MEXICO GAS COMPANY INC UNION VEBA TRUST AGMNT FOR RETIREES SUBJ TO COLLECT (EIN 364641426) - 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

2024-01-01 to 2024-12-31

NEW MEXICO GAS COMPANY INC UNION VEBA TRUST AGMNT FOR RETIREES SUBJ TO COLLECT, founded in 2009, is a small nonprofit in the Mutual Benefit sector that reported $147K in total revenue in fiscal year 2024. Revenue surged 120% from the prior year, signaling strong growth momentum. The organization ran a surplus of $51K, a strong 35% operating margin.

Mission

PROVIDE FUNDING FOR FUTURE MEDICAL, DENTAL AND VISION BENEFITS FOR CURRENT AND FUTURE 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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $127,994

Other Revenue $18,721

TOTAL REVENUE $146,715

Expense Breakdown

Grants Paid $0

Salaries & Benefits $228

Fundraising Expenses $0

Other Expenses $16,399

TOTAL EXPENSES $95,754

Year-over-Year Comparison

	2024	2023	Change
Revenue	$146,715	$66,576	+1.2%
Expenses	$95,754	$62,360	+0.5%
Net Income	$50,961	$4,216	+11.1%

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	0.00	Director	$0	$0	$0
DAVID NICHOLSON VP LEGAL	GENERAL COUNSEL, TECO ENER	0.00	Director	$0	$0	$0
JEFF CHRONISTER	VP FINANCE, TAMPA ELECTRIC	0.00	Director	$0	$0	$0
JOANN WEHLE VP STRATEGY	MKTING & SALES, PEOPLES GA	0.00	Director	$0	$0	$0
DENISE WILCOX VP HR	& CORPORATE SECURITY, NM G	0.00	Director	$0	$0	$0
MARIAN CACCIATORE VP HUMAN	RESOURCES, TAMPA ELECTRIC	0.00	Director	$0	$0	$0
N/A	TRUSTEE	1.00		$228	$0	$17,596

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	$146,715	$95,754	$1,844,366	$50,961
2023	$66,576	$62,360	$1,886,102	$4,216
2022	$70,159	$77,003	$1,679,429	$-6,844
2021	$164,385	$83,477	$2,208,743	$80,908
2020	$121,808	$66,464	$2,105,298	$55,344
2019	$223,817	$186,361	$2,003,088	$37,456
2018	$185,857	$117,767	$1,717,699	$68,090

NEW MEXICO GAS COMPANY INC UNION VEBA TRUST AGMNT FOR RETIREES SUBJ TO COLLECT