THREE RIVERS EDUCATION FOUNDATION INC

EIN: 450584483 501(c)(3) Education

FARMINGTON, NM

Total Revenue
$9,601,871
Total Expenses
$9,760,549
Total Assets
$554,389
Net Assets
$510,618
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2008
Legal Domicile
NM
Principal Officer
JAMES COY
Phone
5054362548
Tax Period
2024-01-01 to 2024-12-31

THREE RIVERS EDUCATION FOUNDATION INC, founded in 2008, is a community nonprofit in the Education sector that reported $9.6M in total revenue in fiscal year 2024. Revenue decreased 8% compared to the prior year.

Mission

HIGHSCHOOL EQUIVALENCY PROGRAM - PROVIDE COURSEWORK AND PREPARATION FOR MIGRANTS TO GET THEIR GEDS BHEP2 - BORDERLAND HIGH SCHOOL EQUIVALENCY PROGRAM: LAS CRUCES, NM AND EL PASO, TX MHEP - MARICOPA HIGH SCHOOL EQUIVALENCY PROGRAM: MARICOPA COUNTY, AZ TEACHER QUALITY PARTNERSHIPS - PROVIDE A RESIDENCY PROGRAM FOR FUTURE TEACHERS TO GET A MASTER'S DEGREE AND BECOME CERTIFIED TO TEACH; ALSO PROVIDE PROFESSIONAL DEVELOPMENT AND MENTORING ASSISTANCE. TQP3RIV - TEACHER QUALITY PARTNERSHIP FOR THE TAOS, NM AND SURROUNDING AREA FOR 50 RESIDENTS TQP-TX - TEACHER QUALITY PARTNERSHIP FOR THE CLINT, TX AREA FOR 50 RESIDENTS TQP-SW - TEACHER QUALITY PARTNERSHIP FOR NORTHEAST NEW MEXICO AND SOUTHWEST COLORADO FOR 75 RESIDENTS

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $9,204,240
Program Service Revenue $0
Investment Income $0
Other Revenue $397,631
TOTAL REVENUE $9,601,871

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,754,897
Fundraising Expenses $84,354
Program Expenses $9,241,112
Other Expenses $7,005,652
TOTAL EXPENSES $9,760,549

Year-over-Year Comparison

2024 2023 Change
Revenue $9,601,871 $10,475,379 -0.1%
Expenses $9,760,549 $10,702,665 -0.1%
Net Income $-158,678 $-227,286 -0.3%
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

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Governance

Voting Members
5
Independent Members
4
Employees
40
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
4
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JAMES COY EXECUTIVE DI 30.00
Officer Director
$0 $0 $0
LINDA COY DIRECTOR 2.00
Director
$0 $0 $0
PAM COY BOARD SECRET 5.00
Officer Director
$0 $0 $0
KEN FERRONE BOARD PRESID 5.00
Officer Director
$0 $0 $0
JARLY LOPEZ BOARD VICE P 5.00
Officer 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
2024 $9,601,871 $9,760,549 $554,389 $-158,678
2023 $10,475,379 $10,702,665 $874,708 $-227,286
2022 $10,703,203 $10,976,359 $964,695 $-273,156
2021 $4,829,117 $4,613,035 $1,242,706 $216,082
2020 $3,696,734 $3,747,318 $995,862 $-50,584
2019 $2,774,702 $2,740,914 $1,048,350 $33,788
2018 $4,697,901 $4,617,007 $1,051,408 $80,894
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