NEW SPACE NEW MEXICO

EIN: 841966957 501(c)(3) Environment

ALBUQUERQUE, NM

Total Revenue
$2,183,745
Total Expenses
$2,081,574
Total Assets
$742,464
Net Assets
$352,503
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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
2019
Legal Domicile
NM
Principal Officer
CASEY ANGLADA DERAAD
Phone
5052355141
Tax Period
2023-01-01 to 2023-12-31

NEW SPACE NEW MEXICO, founded in 2019, is a community nonprofit in the Environment sector that reported $2.2M in total revenue in fiscal year 2023. Expenses of $2.1M left a modest 5% surplus.

Mission

NEWSPACE NEW MEXICO IS A 501(C)(3) NON-PROFIT THAT IS ACCELERATING THE PACE OF SPACE INNOVATION BY UNITING AND IGNITING THE INDUSTRY. THROUGH UNITE & IGNITE SPACE, A FIRST-OF-ITS-KIND CO-INNOVATION HUB, STAKEHOLDERS GAIN ACCESS TO WORKSPACES, EQUIPMENT, PROGRAMMING, RAPID PROTOTYPING AND DEMONSTRATION, AND RESOURCES NEEDED FOR INNOVATION AND RAPID PROGRESS. SERVICES INCLUDE ACCESS TO SPACE ECOSYSTEM KNOWLEDGE, PUBLIC EVENTS, AND NETWORKING; NAVIGATION SERVICES THAT PROVIDE TAILORED GUIDANCE AND DIRECT ASSISTANCE TO FAST-TRACK BUSINESS GROWTH, AND COLLABORATIVE INNOVATION SERVICES THAT IGNITE PRODUCT AND SOLUTION DEVELOPMENT.

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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 $1,970,545
Program Service Revenue $213,199
Investment Income $1
Other Revenue $0
TOTAL REVENUE $2,183,745

Expense Breakdown

Grants Paid $0
Salaries & Benefits $916,801
Fundraising Expenses $17,405
Program Expenses $1,748,912
Other Expenses $1,164,773
TOTAL EXPENSES $2,081,574

Year-over-Year Comparison

2023 2022 Change
Revenue $2,183,745 $2,056,537 +0.1%
Expenses $2,081,574 $2,017,624 +0.0%
Net Income $102,171 $38,913 +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

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
6
Independent Members
6
Employees
8
Volunteers
6

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
$260,438
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOE SCIABICA BOARD CHAIR 0.50
Officer Director
$0 $0 $0
HANK ANDREWS TREASURER 0.50
Officer Director
$0 $0 $0
DONNA SIERGIEJ SECRETARY 0.50
Officer Director
$0 $0 $0
BARBARA BRAZIL BOARD DIRECTOR 0.50
Director
$0 $0 $0
JILL HALVERSON BOARD DIRECTOR 0.50
Director
$0 $0 $0
GARY KING BOARD DIRECTOR 0.50
Director
$0 $0 $0
CASEY ANGLADA DERAAD CEO 40.00
Officer
$250,798 $9,640 $260,438
SCOTT R MAETHNER VP, OPERATIONS & INTEGRATION 40.00
Highest
$215,110 $6,318 $221,428
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 $2,183,745 $2,081,574 $742,464 $102,171
2022 $2,056,537 $2,017,624 $580,191 $38,913
2021 $914,911 $972,369 $406,206 $-57,458
2020 $594,496 $559,941 $204,943 $34,555
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