NM MINING ASSOCIATION (EIN 850056921) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1939

Legal Domicile

Principal Officer

Matthew Thompson

Phone

4052509555

Tax Period

2024-01-01 to 2024-12-31

NM MINING ASSOCIATION, founded in 1939, is a small nonprofit that reported $342K in total revenue in fiscal year 2024. Revenue surged 22% from the prior year, signaling strong growth momentum. Expenses of $323K left a modest 6% surplus.

Mission

Serves as a spokesperson for the New Mexico Mining Industry in both the state Legislative and Regulatory Arenas.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $117,116

Program Service Revenue $98,962

Investment Income $6,141

Other Revenue $120,134

TOTAL REVENUE $342,353

Expense Breakdown

Grants Paid $0

Salaries & Benefits $168,234

Fundraising Expenses $0

Program Expenses $0

Other Expenses $154,327

TOTAL EXPENSES $322,561

Year-over-Year Comparison

	2024	2023	Change
Revenue	$342,353	$280,944	+0.2%
Expenses	$322,561	$287,112	+0.1%
Net Income	$19,792	$-6,168	-4.2%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

315

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
Matthew Thompson	Executive Director	40.00	Highest	$117,328	$0	$117,328
Chris Cahal	President	5.00	Director	$0	$0	$0
Dragan Bogunovic	Vice-President	5.00	Director	$0	$0	$0
Steve Redenbaugh	Director	5.00	Director	$0	$0	$0
Erich Bower	Immediate Past President	5.00	Director	$0	$0	$0
Don Detlefsen	Director	5.00	Director	$0	$0	$0
Randy Ellison	Director	5.00	Director	$0	$0	$0
Michael Neumann	Past President	5.00	Director	$0	$0	$0
Michael Farmar	Director	5.00	Director	$0	$0	$0
Clint Prier	Director	5.00	Director	$0	$0	$0
Roy Torres	Director	5.00	Director	$0	$0	$0
Seth Puls	Director	5.00	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
2024	$342,353	$322,561	$269,540	$19,792
2023	$280,944	$287,112	$249,748	$-6,168
2022	$267,309	$229,779	$255,907	$37,530
2021	$182,270	$198,826	$218,332	$-16,556
2020	$189,648	$179,333	$234,888	$10,315

NM MINING ASSOCIATION