ALBUQUERQUE, NM
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)NEW MEXICO BIOSCIENCE AUTHORITY, founded in 2017, is a small nonprofit in the Community Improvement sector that reported $341K in total revenue in fiscal year 2024. Revenue fell 34% from the prior year — a significant decline worth monitoring. Expenses of $377K exceeded revenue, resulting in a 10% operating deficit.
The mission of the NM Bioscience Authority is to increase awareness and support for New Mexico's bioscience sector by attracting capital investors, influencing policy and assisting in infrastructure and business development. The NM Bioscience Authority connects all necessary elements of Research & Development, Technology Transfer, Investment and Funding, and Workforce Development.
The mission of the NM Bioscience Authority is to increase the amount of Bioscience industry in the state. Much of this work is done through a number of programs including our Community Readiness...
The mission of the NM Bioscience Authority is to increase the amount of Bioscience industry in the state. Much of this work is done through a number of programs including our Community Readiness Program and Co-Investment Program. Both of these programs were conducted during tax year 2024, but no specific funding was needed to explicitly fund the activities which is why these accomplishments are not included on 4a-4c of this year's form 990. Activities related to the Community Readiness Program and the Co-Investment Program were accomplished as a result of NM Bioscience Authority staff activity that was reflective in their salaries.
The Rural NM Biotech Ecosystem program continues to be directly paid for by the Small Business Administration Growth Accelerator Fund Competition prizes. Work done by this program included...
The Rural NM Biotech Ecosystem program continues to be directly paid for by the Small Business Administration Growth Accelerator Fund Competition prizes. Work done by this program included collaborative meetings with the ecosystem and the development of the NM Bioscience Connect ecomap which can be found at www.nmbioscienceconnect.com. These collaborative meetings included workshops educating users about how to work with tech transfer offices more easily, steps on how to build biotech companies, and networking opportunities between the state's biotech entrepreneurs. The ecomap is an online platform that allows easy, equitable access to the state's resources, organizations, and opportunities. In addition, this program hired two interns that have helped update the ecomap, especially the workforce development tab, and work on marketing the platform to all users. Finally, this program contracted with the local Angels investment group, NM Angels, to help better connect companies within the rural communities to the Rural NM Biotech Ecosystem.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $341,200 | $516,500 | -0.3% |
| Expenses | $376,910 | $357,656 | +0.1% |
| Net Income | $-35,710 | $158,844 | -1.2% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Paul Laur | Chair | 3.00 |
Director
|
$0 | $0 | $0 |
| David Perkins | President | 1.00 |
Officer
|
$0 | $0 | $0 |
| Tanner Schaub | Vice Chair | 1.00 |
Director
|
$0 | $0 | $0 |
| Christos Christodoulou | Vice President | 1.00 |
Officer
|
$0 | $0 | $0 |
| Francisco Pallares | Secretary | 1.00 |
Officer
|
$0 | $0 | $0 |
| Greg Byrnes | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| Dana Catron | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| Dale Dekker | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| Alex Koglin | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| Lisa Kuuttila | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| Nora Sackett | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| Prisca Tiasse | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| Tom Kieft | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $341,200 | $376,910 | $277,191 | $-35,710 |
| 2024 | $516,500 | $357,656 | $312,901 | $158,844 |
| 2023 | $297,400 | $400,321 | $229,058 | $-102,921 |
| 2022 | $288,000 | $290,810 | $256,978 | $-2,810 |
| 2021 | $294,246 | $264,894 | $259,788 | $29,352 |
| 2020 | $368,000 | $232,996 | $230,436 | $135,004 |
Compare NEW MEXICO BIOSCIENCE AUTHORITY with other nonprofits in New Mexico and across the country.