NEW MEXICO TRADE ALLIANCE

EIN: 812835843 Community Improvement

ALBUQUERQUE, NM

Total Revenue
$1,198,272
Total Expenses
$1,225,920
Total Assets
$344,146
Net Assets
$288,079
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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
2016
Legal Domicile
NM
Principal Officer
RANDALL TRASK JR
Phone
5052310677
Tax Period
2023-01-01 to 2023-12-31

NEW MEXICO TRADE ALLIANCE, founded in 2016, is a community nonprofit in the Community Improvement sector that reported $1.2M in total revenue in fiscal year 2023. Revenue fell 25% from the prior year — a significant decline worth monitoring.

Mission

To promote international trade in New Mexico.

Program Service Accomplishments

Program 1
Expenses: $859,686 Revenue: $0

Implementation of Space incubator program on behalf of Airforce Research Laboratory AFRL. Implemented STEM outreach efforts on behalf of AFRL.

Program 2
Expenses: $134,594 Revenue: $0

Manage international relations for the City of Albuquerque and Bernalillo County. Assisted Albuquerque Metro companies with export assistance programs.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $826,686
Program Service Revenue $371,414
Investment Income $172
Other Revenue $0
TOTAL REVENUE $1,198,272

Expense Breakdown

Grants Paid $0
Salaries & Benefits $271,826
Fundraising Expenses $0
Program Expenses $994,280
Other Expenses $954,094
TOTAL EXPENSES $1,225,920

Year-over-Year Comparison

2023 2022 Change
Revenue $1,198,272 $1,605,349 -0.3%
Expenses $1,225,920 $1,434,615 -0.1%
Net Income $-27,648 $170,734 -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

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Governance

Voting Members
3
Independent Members
3
Employees
3
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
3
$115,000
Total Directors
3
$115,000
Key Employees
1
$115,000
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Randy Trask Jr Secretary and Executive Director 40.00
Officer Director Key Emp
$115,000 $0 $115,000
Richard Buckler Chair 1.00
Officer Director
$0 $0 $0
Adelle Lees Vice Chair 1.00
Officer 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
2024 No data No data No data No data
2023 $1,198,272 $1,225,920 $344,146 $-27,648
2022 $1,605,349 $1,434,615 $385,237 $170,734
2021 $1,086,390 $1,026,253 $256,221 $60,137
2020 $940,118 $892,849 $305,773 $47,269
2019 $329,680 $338,281 $51,570 $-8,601
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