CITY OF ALBUQUERQUE FOUNDATION

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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

Principal Officer

HAKIM BELLAMY

Phone

5058481849

Tax Period

2023-01-01 to 2023-12-31

CITY OF ALBUQUERQUE FOUNDATION, founded in 2019, is a community nonprofit in the Community Improvement sector that reported $2.3M in total revenue in fiscal year 2023. Revenue surged 417% from the prior year, signaling strong growth momentum.

Mission

THE ORGANIZATION HAS BEEN ESTABLISHED FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF, OR TO CARRY OUT THE PURPOSES OF THE CITY OF ALBUQUERQUE. THE ORGANIZATION WILL LESSEN THE BURDENS ON CITY GOVERNMENT BY ADDRESSING CERTAIN CORE PROBLEMS TO CREATE MEANINGFUL, LASTING SOLUTIONS THAT BENEFIT ALL OF THE CITY'S RESIDENTS AND FURTHER THE PURPOSES OF THE CITY. THE ORGANIZATION WILL ATTEMPT TO BRING TOGETHER AND LEVERAGE THE RESOURCES OF LOCAL BUSINESSES, NONPROFITS, INDIVIDUALS, AND COMMUNITY ORGANIZATIONS TO SUPPLEMENT CITY EFFORTS AND MATCH CITY INVESTMENTS AS A PUBLIC-PRIVATE PARTNERSHIP. THE ORGANIZATION AIMS TO ENABLE THE CITY TO APPROACH ITS GREATEST PRIORITIES WITH DESPERATELY NEEDED SPEED AND URGENCY, AND HOPES TO ENHANCE CITY-WIDE SELF-APPRECIATION AND HOPE FOR OUR FUTURE, AND TO INSPIRE A CALL TO ACTION TO BENEFIT OUR CITY.

Program Service Accomplishments

Program 1

Expenses: $2,234,929

OVER THE NEXT FEW YEARS, THE ONE ALBUQUERQUE FUND AIMS TO FUND CRITICAL PROGRAMS TO ADDRESS SOME OF THE CORE CHALLENGES OUR CITY FACES, WITH AN EMPHASIS ON SAFETY, HOMELESSNESS, YOUTH OPPORTUNITY...

OVER THE NEXT FEW YEARS, THE ONE ALBUQUERQUE FUND AIMS TO FUND CRITICAL PROGRAMS TO ADDRESS SOME OF THE CORE CHALLENGES OUR CITY FACES, WITH AN EMPHASIS ON SAFETY, HOMELESSNESS, YOUTH OPPORTUNITY, THE ECONOMY, AND INVESTMENT IN THE BLACK COMMUNITY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $2,254,421

Program Service Revenue $0

Investment Income $32,529

Other Revenue $2,560

TOTAL REVENUE $2,289,510

Expense Breakdown

Grants Paid $1,968,382

Salaries & Benefits $0

Fundraising Expenses $56,745

Program Expenses $2,234,929

Other Expenses $504,566

TOTAL EXPENSES $2,472,948

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,289,510	$443,035	+4.2%
Expenses	$2,472,948	$345,694	+6.2%
Net Income	$-183,438	$97,341	-2.9%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HAKIM BELLAMY	PRESIDENT	1.00	Officer Director	$0	$0	$0
HOLLY ARMSTRONG	SECRETARY	1.00	Officer Director	$0	$0	$0
MARTHA HARGROVE	BOARD MEMBER	1.00	Director	$0	$0	$0
ERIN MUFFOLETTO	BOARD MEMBER	1.00	Director	$0	$0	$0
SHERRICK ROANHORSE	BOARD MEMBER	1.00	Director	$0	$0	$0
MIKE SILVA	BOARD MEMBER	1.00	Director	$0	$0	$0
ADRIENNE KOPLIK	EXECUTIVE DI	1.00	Officer	$0	$0	$0
STEVE FITZER	DEVELOPMENT	1.00	Officer	$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	$2,289,510	$2,472,948	$683,048	$-183,438
2022	$443,035	$345,694	$851,603	$97,341
2021	$1,278,285	$704,914	$754,262	$573,371
2020	$324,904	$348,245	$180,891	$-23,341
2019	$238,455	$34,223	$204,232	$204,232