NEW MEXICO LIFE INSURANCE GUARANTY… - Form 990 Financial Data

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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

1979

Legal Domicile

Principal Officer

PAMELA OLSEN

Phone

5058207355

Tax Period

2025-01-01 to 2025-12-31

NEW MEXICO LIFE INSURANCE GUARANTY ASSOC, founded in 1979, is a community nonprofit that reported $2.2M in total revenue in fiscal year 2025. Revenue fell 30% from the prior year — a significant decline worth monitoring. Expenses of $2.8M exceeded revenue, resulting in a 25% operating deficit.

Mission

TO PROVIDE A MECHANISM TO FACILITATE CONTINUATION OF COVERAGE, PAYMENT OF COVERED CLAIMS UNDER CERTAIN INSURANCE POLICIES, TO AVOID EXCESSIVE DELAY IN PAYMENT AND AVOID FINANCIAL LOSS TO CLAIMANTS OR POLICYHOLDERS BECAUSE OF INSOLVENCY OF AN INSURER, TO ASSIST IN DETECTION AND PREVENTION OF INSURER INSOLVENCIES AND PROVIDE AN ASSOCIATION TO ASSESS THE COST OF SUCH PROTECTION AMONG INSURERS.

Program Service Accomplishments

Program 1

BENEFITS PAID AND EXPENSES INCURRED TO PROTECT POLICY HOLDERS OF INSOLVENT INSURANCE COMPANIES.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $2,150,068

Investment Income $47,590

Other Revenue $54

TOTAL REVENUE $2,197,712

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $389,570

TOTAL EXPENSES $2,757,473

Year-over-Year Comparison

	2025	2024	Change
Revenue	$2,197,712	$3,127,021	-0.3%
Expenses	$2,757,473	$592,745	+3.7%
Net Income	$-559,761	$2,534,276	-1.2%

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
ROSA G ITURBIDES	CHAIR	2.00	Officer Director	$0	$0	$0
GERRIE MARKS	VICE-CHAIR	2.00	Officer Director	$0	$0	$0
BOB CORN	SECRETARY	2.00	Officer Director	$0	$0	$0
ERIC DUPONT	TREASURER	2.00	Officer Director	$0	$0	$0
MEGAN CLAYPOOL	DIRECTOR	2.00	Director	$0	$0	$0
JEFF MARTIN	DIRECTOR	2.00	Director	$0	$0	$0
DARIE JORDAN	DIRECTOR	2.00	Director	$0	$0	$0
JAMES HARRISON	DIRECTOR	2.00	Director	$0	$0	$0
MATTHEW AHMANN	DIRECTOR	2.00	Director	$0	$0	$0
TOM RUSHTON	DIRECTOR	2.00	Director	$0	$0	$0
PAMELA OLSEN	EXECUTIVE DIRECTOR	30.00	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
2025	$2,197,712	$2,757,473	$3,306,810	$-559,761
2024	$3,127,021	$592,745	$3,866,571	$2,534,276
2023	$931,667	$835,842	$1,332,295	$95,825
2022	$236,223	$428,108	$1,236,470	$-191,885
2021	$1,155,420	$661,025	$1,428,355	$494,395
2020	$522,457	$462,767	$933,960	$59,690
2019	$255,928	$370,406	$874,270	$-114,478
2018	$226,397	$342,427	$988,748	$-116,030

NEW MEXICO LIFE INSURANCE GUARANTY ASSOC