NEW MEXICO PHILHARMONIC FOUNDATION INC

EIN: 822109038 501(c)(3) Arts, Culture & Humanities

Albuquerque, NM

Total Revenue
$807,859
Total Expenses
$143,001
Total Assets
$3,409,663
Net Assets
$3,409,663
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2017
Legal Domicile
NM
Principal Officer
Stephen Baca
Phone
5054049808
Tax Period
2025-01-01 to 2025-12-31

NEW MEXICO PHILHARMONIC FOUNDATION INC, founded in 2017, is a small nonprofit in the Arts, Culture & Humanities sector that reported $808K in total revenue in fiscal year 2025. Revenue surged 88% from the prior year, signaling strong growth momentum. The organization ran a surplus of $665K, a strong 82% operating margin.

Mission

THE NEW MEXICO PHILHARMONIC FOUNDATION (NMPF) SEEKS TO PROVIDE SUSTAINABLE, DEDICATED FUNDING FOR THE NEW MEXICO PHIHARMONIC, INC. (NMPHIL,) FUNDING THAT CREATES LONG TERM STABILITY, FUTURE GROWTH AND PERMANENCE THROUGH A TRANSPARENT AND SECURE FIDUCIARY INSTRUMENT FOR DONOR SUPPORT THAT IS DIRECTLY CONTROLLED BY ITS DONORS AND TRUSTEES. THE CORPORATION IS ORGANIZED FOR THE PURPOSES OF USING PRIVATE FUNDS EXCLUSIVELY FOR CHARITABLE PURPOSES WITHIN THE MEANING OF SECTION 501 (C) (3), AND, WITHOUT LIMITING THE GENERALITY OF THE FOREGOING, WITH EMPHASIS ON THE FOLLOWING SPECIFIC PROJECTS AND ACTIVITIES: PROVIDING A VEHICLE TO PROVIDE LONG-TERM FUNDING TO THE NMPHIL, A NEW MEXICO NONPROFIT CORPORATION; CARRYING OUT ANY PROGRAMS OR ACTIVITIES WHICH MAY BE RELATED THE THE FOREGOING, OR WHICH MAY OTHERWISE PROMOTE AND BENEFIT THE NMPF, AND PERFORMING SUCH OTHER ACTIVITIES AS THE BOARD OF DIRECTORS DEEMS TO BE INCIDENTAL, PROPER, OR NECESSARY.

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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 (2025)

Revenue Breakdown

Contributions & Grants $617,427
Program Service Revenue $0
Investment Income $190,432
Other Revenue $0
TOTAL REVENUE $807,859

Expense Breakdown

Grants Paid $121,342
Salaries & Benefits $0
Fundraising Expenses $16,208
Program Expenses $121,342
Other Expenses $15,395
TOTAL EXPENSES $143,001

Year-over-Year Comparison

2025 2024 Change
Revenue $807,859 $429,326 +0.9%
Expenses $143,001 $172,373 -0.2%
Net Income $664,858 $256,953 +1.6%
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

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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
7
Independent Members
7
Employees
N/A
Volunteers
7

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
4
$0
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Stephen Baca President 10
Officer Director
$0 $0 $0
Jeffrey Romero Vice-President 2
Officer Director
$0 $0 $0
Barbara Rivers Secretary 2
Officer Director
$0 $0 $0
Daniel Conklin Treasurer 10
Officer Director
$0 $0 $0
Charles Eberle MD Board Member 2
Director
$0 $0 $0
Thomas Martin MD Board Member 2
Director
$0 $0 $0
Lee Blaugrund Board Member 2
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 $807,859 $143,001 $3,409,663 $664,858
2024 $429,326 $172,373 $2,633,275 $256,953
2023 $538,737 $77,031 $2,319,140 $461,706
2022 $48,545 $43,335 $2,062,281 $5,210
2021 $1,543,986 $45,695 $2,300,109 $1,498,291
2020 $186,117 $8,690 $516,532 $177,427
2019 $167,875 $7,700 $271,812 $160,175
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