NEW MEXICO AGRICULTURAL AVIATION ASSOCIATION (EIN 460847964) - 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

2013

Legal Domicile

Principal Officer

SEAVER TATE

Phone

5127080629

Tax Period

2024-01-01 to 2024-12-31

NEW MEXICO AGRICULTURAL AVIATION ASSOCIATION, founded in 2013, is a small nonprofit that reported $136K in total revenue in fiscal year 2024. Revenue surged 27% from the prior year, signaling strong growth momentum. The organization ran a surplus of $21K, a strong 15% operating margin.

Mission

TO COORDINATE AND GENERALLY DIRECT THE EFFORTS OF AGRICULTURAL OPERATORS AND PILOTS WHO ARE ACTIVELY INTERESTED IN THE ADVANCEMENT OF THE AVIATION INDUSTRY.

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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 $14,192

Program Service Revenue $115,030

Investment Income $7,101

Other Revenue $0

TOTAL REVENUE $136,323

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $103,248

Other Expenses $115,603

TOTAL EXPENSES $115,603

Year-over-Year Comparison

	2024	2023	Change
Revenue	$136,323	$107,268	+0.3%
Expenses	$115,603	$101,091	+0.1%
Net Income	$20,720	$6,177	+2.4%

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
SEAVER TATE	PRESIDENT	1.00	Officer Director	$0	$0	$0
JACOB HENSON	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
SUE STEWART	SECRETARY/TR	1.00	Officer Director	$0	$0	$0
JEREMY BARBEE	BOD AT LARGE	1.00	Director	$0	$0	$0
WADE BERRY	BOD AT LARGE	1.00	Director	$0	$0	$0
JODIE STOCKETT	ALLIED BOARD	1.00	Director	$0	$0	$0
STEVE KITTRELL	ALLIED BOARD	1.00	Director	$0	$0	$0
BOB BAILEY	NAAA DELEGAT	1.00	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	$136,323	$115,603	$228,662	$20,720
2023	$107,268	$101,091	$192,054	$6,177
2022	$105,983	$95,117	$159,825	$10,866
2021	$94,582	$85,263	$176,623	$9,319
2020	$91,019	$73,774	$139,285	$17,245
2019	$108,368	$92,532	$132,484	$15,836
2018	$100,171	$80,238	$104,714	$19,933

NEW MEXICO AGRICULTURAL AVIATION ASSOCIATION