NEW MEXICO FILM FOUNDATION

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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

Terry Futschik

Phone

2819100214

Tax Period

2021-07-01 to 2022-06-30

NEW MEXICO FILM FOUNDATION, founded in 2013, is a small nonprofit in the Arts, Culture & Humanities sector that reported $296K in total revenue in fiscal year 2021. Revenue surged 118% from the prior year, signaling strong growth momentum.

Mission

To help grow the New Mexico independent film industry by offering financial assistance and educational opportunities to New Mexico independent filmmakers. We offer grants to filmmakers and arrange workshops and other educational events

Program Service Accomplishments

Program 1

Expenses: $5,000 Revenue: $0

George RR Martin Sci Fi screwnwring grant. An award of $5000 to a qualified screenwriters. Open to all New Mexico residents.

Program 2

Expenses: $0 Revenue: $0

Educational program hosting 4 part series- 2021 New Mexico Above-the-Line Conversation Series, a four-part virtual series for Above the Line Talent through ZOOM for Writers, Actors, Producers and...

Educational program hosting 4 part series- 2021 New Mexico Above-the-Line Conversation Series, a four-part virtual series for Above the Line Talent through ZOOM for Writers, Actors, Producers and Directors. Hosted an in person event with the Jean Cocteau Theater to showcase local Independent Films. Additional, met with local film liaisons in New Mexico to discuss the mission behind the foundation and to collaborate on future events. Very challenging year with COVID restrictions within our state.

Program 3

Expenses: $36,321 Revenue: $0

Providing information and disemination to New Mexico film community answering questions, referring, advising, mentoring and helping with project development and consulting.

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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 (2021)

Revenue Breakdown

Contributions & Grants $32,100

Program Service Revenue $263,544

Investment Income $0

Other Revenue $0

TOTAL REVENUE $295,644

Expense Breakdown

Grants Paid $0

Salaries & Benefits $25,038

Fundraising Expenses $0

Program Expenses $306,421

Other Expenses $281,383

TOTAL EXPENSES $306,421

Year-over-Year Comparison

	2021	2020	Change
Revenue	$295,644	$135,565	+1.2%
Expenses	$306,421	$96,463	+2.2%
Net Income	$-10,777	$39,102	-1.3%

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

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

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

$25,058

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Terry Futschik	Executive Director	30	Director	$25,058	$0	$25,058
Daniel Region	Vice President	2	Director	$0	$0	$0
Roberto Estrada	President	3	Director	$0	$0	$0
Paul Lucero	Secretary	2	Officer	$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
2022	$295,644	$306,421	$50,184	$-10,777