NEW MEXICO CHAMBER OF COMMERCE

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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

1959

Legal Domicile

Principal Officer

LESLIE HIELEMA

Phone

5058420644

Tax Period

2024-07-01 to 2025-06-30

NEW MEXICO CHAMBER OF COMMERCE, founded in 1959, is a community nonprofit that reported $1.6M in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $1.5M left a modest 5% surplus.

Mission

PROMOTE A POSITIVE BUSINESS CLIMATE IN NEW MEXICO.

Program Service Accomplishments

Program 1

MEMBER SERVICES PROVIDE A FORUM TO EXCHANGE INFORMATION ABOUT EVENTS HAPPENING IN THE STATE. MEMBER SERVICES ALSO RECOGNIZE POSITIVE ACHIEVEMENTS BY MEMBERS FOR COMMUNITY INVOLVEMENT, NEW BUSINESS...

MEMBER SERVICES PROVIDE A FORUM TO EXCHANGE INFORMATION ABOUT EVENTS HAPPENING IN THE STATE. MEMBER SERVICES ALSO RECOGNIZE POSITIVE ACHIEVEMENTS BY MEMBERS FOR COMMUNITY INVOLVEMENT, NEW BUSINESS, NEW EMPLOYMENT AND GOOD CITIZENSHIP. THE ORGANIZATION PROVIDES INFORMATION ON ECONOMIC DEVELOPMENT ISSUES TO NEW MEXICO STATE LEGISLATORS IN ORDER TO PROMOTE A POSITIVE ECONOMIC CLIMATE FOR BUSINESS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,554,547

Investment Income $3,296

Other Revenue $0

TOTAL REVENUE $1,557,843

Expense Breakdown

Grants Paid $0

Salaries & Benefits $689,693

Fundraising Expenses $0

Other Expenses $783,968

TOTAL EXPENSES $1,473,661

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,557,843	$1,401,574	+0.1%
Expenses	$1,473,661	$1,409,980	+0.0%
Net Income	$84,182	$-8,406	-11.0%

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

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

$197,948

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LEEAN KRAVITZ	CHAIR	4.00	Officer Director	$0	$0	$0
MATTHEW JARAMILLO	FIRST VICE CHAIR	4.00	Officer Director	$0	$0	$0
KELLIE MIXON	SECOND VICE CHAIR	4.00	Officer Director	$0	$0	$0
PATRICK KILLEN	SECRETARY	4.00	Officer Director	$0	$0	$0
MICHAEL STORDAHL	TREASURER	4.00	Officer Director	$0	$0	$0
CHRIS STAGG	IMMEDIATE PAST CHAIR	1.00	Officer Director	$0	$0	$0
DAVID C HAWKINS	DIRECTOR	1.00	Director	$0	$0	$0
TOM BRIONES	DIRECTOR	1.00	Director	$0	$0	$0
DON TARRY	DIRECTOR	2.00	Director	$0	$0	$0
GERALD WESEEN	DIRECTOR	2.00	Director	$0	$0	$0
JOHN CHAVEZ	DIRECTOR	2.00	Director	$0	$0	$0
ZOE LEES	DIRECTOR	2.00	Director	$0	$0	$0
RODNEY PRUNTY	DIRECTOR	2.00	Director	$0	$0	$0
CARLOS HERNANDEZ	DIRECTOR	2.00	Director	$0	$0	$0
LAURA PHELPS	DIRECTOR	2.00	Director	$0	$0	$0
CARMELA LITTLE	DIRECTOR	2.00	Director	$0	$0	$0
CELINDA GONZALEZ	DIRECTOR	2.00	Director	$0	$0	$0
KENDAL GILES	DIRECTOR	2.00	Director	$0	$0	$0
SCOTT HUTCHINGS	DIRECTOR	2.00	Director	$0	$0	$0
JANICE TORREZ	DIRECTOR	2.00	Director	$0	$0	$0
LOUIS SALAZAR	DIRECTOR	2.00	Director	$0	$0	$0
DAISY LIRA	DIRECTOR	2.00	Director	$0	$0	$0
DAVID WILLIAMS	DIRECTOR	2.00	Director	$0	$0	$0
TIFFANY WALLACE	DIRECTOR	2.00	Director	$0	$0	$0
BRIAN MILLER	DIRECTOR	2.00	Director	$0	$0	$0
LESLIE HIELEMA	PRESIDENT & CEO (BEGAN 02/25)	40.00	Officer	$0	$0	$0
ROB BLACK	PRESIDENT & CEO (END 09/24)	40.00	Officer	$174,948	$23,000	$197,948

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
2025	$1,557,843	$1,473,661	$649,304	$84,182
2024	No data	No data	No data	No data
2023	$863,299	$861,004	$488,991	$2,295
2022	$767,303	$653,960	$472,273	$113,343
2021	$799,747	$760,451	$407,743	$39,296
2019	$644,540	$598,016	$234,444	$46,524
2018	$763,560	$723,389	$244,915	$40,171