NORTHERN NEW MEXICO COLLEGE FOUNDA… - 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

1997

Legal Domicile

Principal Officer

ALFRED HERRERA

Phone

5057475050

Tax Period

2024-07-01 to 2025-06-30

NORTHERN NEW MEXICO COLLEGE FOUNDATION, founded in 1997, is a community nonprofit in the Education sector that reported $2.1M in total revenue in fiscal year 2024. Revenue surged 90% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.4M, a strong 67% operating margin.

Mission

INCREASE, MANAGE, AND DISTRIBUTE RESOURCES FOR THE BENEFIT OF THE STUDENTS, THE COLLEGE, AND THE COMMUNITY

Program Service Accomplishments

Program 1

Expenses: $684,926

INCREASE, MANAGE, AND DISTRIBUTE RESOURCES FOR THE BENEFIT OF THE STUDENTS, THE COLLEGE, AND THE COMMUNITY

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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 $1,106,835

Program Service Revenue $0

Investment Income $972,905

Other Revenue $0

TOTAL REVENUE $2,079,740

Expense Breakdown

Grants Paid $192,447

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $684,926

Other Expenses $492,479

TOTAL EXPENSES $684,926

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,079,740	$1,096,534	+0.9%
Expenses	$684,926	$281,423	+1.4%
Net Income	$1,394,814	$815,111	+0.7%

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

$330,009

Total Directors

$210,342

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HECTOR BALDERAS	EX-OFFICIO	2.00	Officer Director	$0	$28,493	$210,342
THERESA STOREY	CFO	2.00	Officer	$0	$0	$119,667
ALFRED HERRERA	PRESIDENT	2.00	Officer Director	$0	$0	$0
TANIA SANCHEZ	VPSECTREASURER	2.00	Officer Director	$0	$0	$0
JAMES OWEN	BOARD MEMBER	2.00	Director	$0	$0	$0
LEO VALDEZ	BOARD MEMBER	2.00	Director	$0	$0	$0
DOLORES GURULE	STUDENT BOARD MEMBER	2.00	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	$2,079,740	$684,926	$12,301,779	$1,394,814
2024	$1,096,534	$281,423	$10,722,377	$815,111
2023	$5,439,336	$463,357	$9,926,404	$4,975,979
2022	$257,566	$335,133	$4,887,199	$-77,567
2021	$864,071	$269,382	$5,756,776	$594,689
2019	$357,192	$174,426	$4,801,451	$182,766
2018	$390,323	$230,309	$4,244,179	$160,014

NORTHERN NEW MEXICO COLLEGE FOUNDATION