NUSENDA 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

SARA KELLER

Phone

5058892528

Tax Period

2023-01-01 to 2023-12-31

NUSENDA FOUNDATION, founded in 2013, is a small nonprofit that reported $880K in total revenue in fiscal year 2023. Revenue surged 65% from the prior year, signaling strong growth momentum. Expenses of $845K left a modest 4% surplus.

Mission

THE CORPORATION IS ORGANIZED EXCLUSIVELY FOR CHARITABLE PURPOSES DEFINED FOR QUALIFYING EXEMPT ORGANIZATIONS UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THESE CHARITABLE AND EDUCATIONAL ACTIVITIES SUPPORT OR CREATE PROGRAMS AIMED AT PROMOTING AND ENHANCING EFFECTIVE PHILANTROPIC PARTNERSHIPS FOCUSED ON FINANCIAL LITERACY, CAPABILITY AND IMPROVEMENT, ASSET BUILDING INITIATIVES, AND THE CREATION AND IMPLEMENTATION OF PRODUCTS AND SERVICES TO SUPPORT LOWER INCOME AND IMPOVERISHED INDIVIDUALS AND COMMUNITIES; AND TO DEVELOP CIVIC, CULTURAL, HEALTH, EDUCATION, ECONOMIC DEVELOPMENT AND DIVERSIFICATION INITIATIVES TO ENHANCE THE GENERAL WELL-BEING OF RESIDENTS IN NEW MEXICO.

Program Service Accomplishments

Program 1

Expenses: $821,149

THE FOUNDATION RECEIVES FUNDS GENERATED BY THE NUSENDA CREDIT UNION COMMUNITY REWARDS PROGRAM (COMMUNITY REWARDS), WHICH IS A CONTRIBUTION DRIVEN BY MEMBER DEBIT CARD TRANSACTIONS. MEMBERS HAVE THE OPPORTUNITY TO DIRECT THE CONTRIBUTIONS TOWARDS INVESTMENTS IN FIVE FOCUS AREAS WITH SPECIFIC COMMUNITIES: EDUCATION, HEALTHCARE, THE ARTS, WILDLIFE & ENVIRONMENT, AND COMMUNITY SERVICES & SUPPORT. THESE FUNDS ARE AWARDED TO ELIGIBLE CHARITABLE ENTITIES THROUGH THE FOUNDATION. THE FOUNDATION ALSO RECEIVES FUNDS GENERATED BY NUSENDA CREDIT UNION'S ESCHEATED PROPERTY PROCESS, WHICH IS DERIVED FROM ABANDONED FUNDS IN MEMBER ACCOUNTS. PER THE NUSENDA CREDIT UNION BY-LAWS, THESE FUNDS MAY BE DONATED TO THE NUSENDA FOUNDATION AND ARE TO BE AWARDED TO ELIGIBLE CHARITABLE ENTITIES THROUGH THE NUSENDA FOUNDATION.

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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 $798,348

Program Service Revenue $0

Investment Income $81,355

Other Revenue $0

TOTAL REVENUE $879,703

Expense Breakdown

Grants Paid $821,149

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $821,149

Other Expenses $24,314

TOTAL EXPENSES $845,463

Year-over-Year Comparison

	2023	2022	Change
Revenue	$879,703	$532,049	+0.7%
Expenses	$845,463	$887,301	0.0%
Net Income	$34,240	$-355,252	-1.1%

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

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

$649,510

Total Directors

$1,213,742

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SARA KELLER	EXECUTIVE DIRECTOR/CHAIR	1.00	Officer Director	$0	$1,549	$157,208
SARAH LOPEZ	SECRETARY	1.00	Officer Director	$0	$11,949	$145,845
DANIEL MEYER	VICE CHAIR	1.00	Officer Director	$0	$5,248	$85,727
FRANK GUTIERREZ	DIRECTOR	1.00	Director	$0	$2,963	$100,306
JUNE MANNING	DIRECTOR	1.00	Director	$0	$8,445	$99,991
LEIGH ANNE CHAVEZ	DIRECTOR	1.00	Director	$0	$0	$0
NIKKI BUNCH	DIRECTOR	1.00	Director	$0	$9,526	$234,043
DEBORAH CONLEY	DIRECTOR	1.00	Director	$0	$27,715	$129,892
BRANDON WALDSCHMIDT	TREASURER	1.00	Officer Director	$0	$2,623	$79,066
CINDY DEES	VICE CHAIR (THROUGH JUNE 2023)	1.00	Officer Director	$0	$52,315	$181,664

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	$879,703	$845,463	$2,727,050	$34,240
2022	$532,049	$887,301	$2,397,539	$-355,252
2021	$839,894	$675,745	$2,974,689	$164,149
2021	$839,894	$675,745	$2,974,689	$164,149
2020	$392,376	$1,089,131	$2,801,140	$-696,755
2019	$1,870,550	$1,403,110	$3,771,028	$467,440
2018	$1,073,801	$1,052,809	$2,805,240	$20,992
2017	$2,663,699	$1,150,143	$2,987,780	$1,513,556