NEW MEXICO OIL & GAS ASSOCIATION

EIN: 850056996

SANTA FE, NM

Total Revenue
$3,567,757
Total Expenses
$2,685,682
Total Assets
$6,801,977
Net Assets
$4,444,734
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1929
Legal Domicile
NM
Principal Officer
MISSI CURRIER
Phone
5059822568
Tax Period
2023-01-01 to 2023-12-31

NEW MEXICO OIL & GAS ASSOCIATION, founded in 1929, is a community nonprofit that reported $3.6M in total revenue in fiscal year 2023. The organization ran a surplus of $882K, a strong 25% operating margin.

Mission

TO PROMOTE THE SAFE AND RESPONSIBLE DEVELOPMENT OF OIL AND GAS RESOURCES IN NEW MEXICO THROUGH ADVOCACY, COLLABORATION, AND EDUCATION.

Program Service Accomplishments

Program 1

ANNUAL INDUSTRY/AGENCY MEETING - NMOGA IS DEDICATED TO PROMOTING THE SAFE AND RESPONSIBLE DEVELOPMENT OF OIL AND GAS RESOURCES IN NEW MEXICO THROUGH ADVOCACY, COLLABORATION, AND EDUCATION. THE ANNUAL...

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ANNUAL INDUSTRY/AGENCY MEETING - NMOGA IS DEDICATED TO PROMOTING THE SAFE AND RESPONSIBLE DEVELOPMENT OF OIL AND GAS RESOURCES IN NEW MEXICO THROUGH ADVOCACY, COLLABORATION, AND EDUCATION. THE ANNUAL MEETING FOR 2023 WAS THEMED "ENERGIZING NEW MEXICO". WORKING WITH NATIONWIDE ASSOCIATIONS AND ALLIANCES IN THE OIL & GAS INDUSTRY PROVIDES A PLATFORM TO SPEAK ABOUT THE ON-GOING CHALLENGES. NMOGA ALSO HAS SEVERAL COMMITTEE MEETINGS TO LEARN ABOUT REGULATORY, ENVIRONMENTAL, LEGAL, GOVERNMENTAL ISSUES ONGOING.

Program 2

EDUCATION EFFORTS - NMOGA PROMOTES A BETTER UNDERSTANDING OF THE IMPACTS, BENEFITS, AND CONTRIBUTIONS OF THE OIL AND GAS INDUSTRY TO THE PUBLIC AND STRENGTHENS RELATIONSHIPS AND CONNECTIONS WITH THE...

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EDUCATION EFFORTS - NMOGA PROMOTES A BETTER UNDERSTANDING OF THE IMPACTS, BENEFITS, AND CONTRIBUTIONS OF THE OIL AND GAS INDUSTRY TO THE PUBLIC AND STRENGTHENS RELATIONSHIPS AND CONNECTIONS WITH THE INDUSTRY'S ROLE IN PUBLIC SCHOOLS. SOME EXAMPLES ARE, BUT NOT LIMITED TO: (FUELING NM REPORT, BRIGHTER FUTURE FUND, AND BACK TO SCHOOL, NM TEACHER OF THE YEAR).

Program 3

REGULATORY WORK - INDUSTRY'S POSITION IS TO MITIGATE CLIMATE CHANGE RISKS AND DEVELOP SOLUTIONS. THE INDUSTRY IS COMMITTED TO IMPROVING ENVIRONMENTAL PERFORMANCE BY DEPLOYING INNOVATIVE TECHNOLOGIES...

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REGULATORY WORK - INDUSTRY'S POSITION IS TO MITIGATE CLIMATE CHANGE RISKS AND DEVELOP SOLUTIONS. THE INDUSTRY IS COMMITTED TO IMPROVING ENVIRONMENTAL PERFORMANCE BY DEPLOYING INNOVATIVE TECHNOLOGIES AND IMPLEMENTING BEST PRACTICES.

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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 $2,630,255
Program Service Revenue $831,945
Investment Income $105,557
Other Revenue $0
TOTAL REVENUE $3,567,757

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,030,844
Fundraising Expenses $0
Other Expenses $1,654,838
TOTAL EXPENSES $2,685,682

Year-over-Year Comparison

2023 2022 Change
Revenue $3,567,757 $3,437,162 +0.0%
Expenses $2,685,682 $2,750,632 0.0%
Net Income $882,075 $686,530 +0.3%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
32
Independent Members
26
Employees
9
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
7
$311,960
Total Directors
32
$807,057
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MISSI CURRIER PRESIDENT AND CEO (PARTIAL YEAR) 40.00
Officer Director
$118,750 $1,108 $119,858
JOE VIGIL DIRECTOR OF COMMUNICATIONS 40.00
Director
$169,650 $4,860 $174,510
ABENICIO E BALDONADO DIRECTOR OF COMMUNITY ENGAGEMENT 40.00
Director
$100,440 $7,092 $107,532
DOUGLAS R ACKERMAN PRESIDENT AND CEO (PARTIAL YEAR) 40.00
Officer Director
$191,000 $1,102 $192,102
MARCELLUS DAVIS MEMBERSHIP ENGAGEMENT COORDINATOR 40.00
Director
$2,042 $0 $2,042
DAVID DEL MAURO MARKETING DIRECTOR 40.00
Director
$70,000 $4,096 $74,096
MEGAN MAESTAS GOVERNMENT AFFAIRS DIRECTOR 40.00
Director
$123,750 $4,500 $128,250
ASHLEY WAGNER VP GOVERNMENT AFFAIRS 40.00
Director
$8,667 $0 $8,667
ALEX CAMPBELL CHAIRMAN (PARTIAL YEAR) 0.60
Officer Director
$0 $0 $0
BETTY READ-YOUNG CHAIRMAN (PARTIAL YEAR), EXEC COMMITTEE (FULL YEAR 0.60
Officer Director
$0 $0 $0
BRET FOX SECRETARY 0.60
Officer Director
$0 $0 $0
JUSTIN FURNACE VICE CHAIRMAN 0.60
Officer Director
$0 $0 $0
RICK CANNON TREASURER 0.60
Officer Director
$0 $0 $0
ALLEN FORE EXEC COMMITTEE 0.60
Director
$0 $0 $0
AUDREY ROBERTSON EXEC COMMITTEE 0.60
Director
$0 $0 $0
BUTCH MATHEWS EXEC COMMITTEE 0.60
Director
$0 $0 $0
CHRIS FLING EXEC COMMITTEE 0.60
Director
$0 $0 $0
CLIFF BRUNSON EXEC COMMITTEE 0.60
Director
$0 $0 $0
CLINT WALKER EXEC COMMITTEE 0.60
Director
$0 $0 $0
DEREK ALBRO EXEC COMMITTEE 0.60
Director
$0 $0 $0
GABRIELLE GERHOLT EXEC COMMITTEE 0.60
Director
$0 $0 $0
JAMES PINCHBACK EXEC COMMITTEE 0.60
Director
$0 $0 $0
JOHN ALEXANDER EXEC COMMITTEE 0.60
Director
$0 $0 $0
JOSH JEMENTE EXEC COMMITTEE 0.60
Director
$0 $0 $0
KEN WAITS EXEC COMMITTEE 0.60
Director
$0 $0 $0
MATTHIAS SAYER EXEC COMMITTEE 0.60
Director
$0 $0 $0
SCOTT NEAL EXEC COMMITTEE 0.60
Director
$0 $0 $0
STEPHEN FLAHERTY EXEC COMMITTEE 0.60
Director
$0 $0 $0
TOM HELLMAN EXEC COMMITTEE 0.60
Director
$0 $0 $0
TOM JANISZEWSKI EXEC COMMITTEE 0.60
Director
$0 $0 $0
VAN SINGLETON EXEC COMMITTEE 0.60
Director
$0 $0 $0
VINCENT DICOSIMO EXEC COMMITTEE 0.60
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 No data No data No data No data
2023 $3,567,757 $2,685,682 $6,801,977 $882,075
2022 $3,437,162 $2,750,632 $4,326,361 $686,530
2021 $5,267,137 $4,692,968 $3,654,232 $574,169
2020 $3,514,279 $3,222,157 $4,199,951 $292,122
2019 $3,289,892 $2,671,821 $2,250,213 $618,071
2018 $3,143,978 $3,012,721 $1,467,165 $131,257
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