NEW MEXICO INDEPENDENT COMMUNITY COLLEGES INC (EIN 832012268) - Form 990 Financial Analysis & Trantor Score

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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

2018

Legal Domicile

Principal Officer

VANESSA HAWKER

Phone

5054281000

Tax Period

2021-07-01 to 2022-06-30

NEW MEXICO INDEPENDENT COMMUNITY COLLEGES INC, founded in 2018, is a small nonprofit in the Public & Societal Benefit sector that reported $237K in total revenue in fiscal year 2021. Revenue fell 33% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $152K, a strong 64% operating margin.

Mission

SUPPORT THE MISSION OF INDEPENDENTLY-GOVERNED COMMUNITY COLLEGES IN NM

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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 (2021)

Revenue Breakdown

Contributions & Grants $160,000

Program Service Revenue $77,406

Investment Income $0

Other Revenue $0

TOTAL REVENUE $237,406

Expense Breakdown

Grants Paid $0

Salaries & Benefits $68,501

Fundraising Expenses $0

Program Expenses $52,173

Other Expenses $17,334

TOTAL EXPENSES $85,835

Year-over-Year Comparison

	2021	2020	Change
Revenue	$237,406	$353,478	-0.3%
Expenses	$85,835	$342,615	-0.7%
Net Income	$151,571	$10,863	+13.0%

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

$138,200

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
REBECCA ROWLEY	CHAIR	5.00	Officer Director	$0	$0	$0
TONI PENDERGRASS	VICE PRESIDENT/SECRETARY	5.00	Officer Director	$0	$0	$0
TRACY HARTZLER	DIRECTOR	1.00	Director	$0	$0	$0
KELVIN SHARP	FORMER DIRECTOR	1.00	Director	$0	$0	$0
GREGORY BUSCH	DIRECTOR	1.00	Director	$0	$0	$0
EDWARD MARTINEZ	DIRECTOR	1.00	Director	$0	$0	$0
JOSEPH SHEPPARD	DIRECTOR	1.00	Director	$0	$0	$0
RICK BAILEY	FORMER DIRECTOR	1.00	Director	$0	$0	$0
JERRY GRIZZLE	DIRECTOR	1.00	Director	$0	$0	$0
CHARLES NWANKWO	DIRECTOR	1.00	Director	$0	$0	$0
BARBARA MEDINA	DIRECTOR	1.00	Director	$0	$0	$0
DEREK MOORE	DIRECTOR	1.00	Director	$0	$0	$0
KATHERINE ULIBARRI	EXECUTIVE DIRECTOR	20.00	Officer	$108,117	$0	$138,200

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
2022	$237,406	$85,835	$260,331	$151,571
2021	$353,478	$342,615	$187,084	$10,863
2020	$234,353	$251,591	$162,188	$-17,238
2019	$217,077	$199,624	$181,575	$17,453

NEW MEXICO INDEPENDENT COMMUNITY COLLEGES INC