CREDIT UNION ASSOCIATION OF NEW MEXICO INC (EIN 850132671) - Form 990 Financial Analysis & Trantor Score

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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

1958

Legal Domicile

Principal Officer

MELIA HEIMBUCK

Phone

5052989899

Tax Period

2023-01-01 to 2023-12-31

CREDIT UNION ASSOCIATION OF NEW MEXICO INC, founded in 1958, is a community nonprofit that reported $1.7M in total revenue in fiscal year 2023. Expenses of $1.8M exceeded revenue, resulting in a 11% operating deficit.

Mission

TO HELP CREDIT UNIONS ADDRESS MEMBER NEEDS THROUGH SERVICES, PRODUCTS, EDUCATION AND ADVOCACY.

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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 $0

Program Service Revenue $1,525,146

Investment Income $90,084

Other Revenue $37,485

TOTAL REVENUE $1,652,715

Expense Breakdown

Grants Paid $0

Salaries & Benefits $748,000

Fundraising Expenses $0

Program Expenses $1,832,240

Other Expenses $1,084,240

TOTAL EXPENSES $1,832,240

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,652,715	$1,685,039	0.0%
Expenses	$1,832,240	$1,594,567	+0.1%
Net Income	$-179,525	$90,472	-3.0%

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

$196,397

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JUDY CARRASCO	BOARD CHAIR	2.00	Director	$0	$0	$0
KAREN GRIFFO	BOARD VICE CHAIR	2.00	Director	$0	$0	$0
RON MOOREHEAD	BOARD SECRETARY/TREASURER	2.00	Director	$0	$0	$0
ANDY RAMOS	BOARD MEMBER	1.00	Director	$0	$0	$0
DWAYNE HERRERA	BOARD MEMBER	1.00	Director	$0	$0	$0
MATT SCHMIDT	BOARD MEMBER	1.00	Director	$0	$0	$0
RICK ANDERSON	BOARD MEMBER	1.00	Director	$0	$0	$0
MELIA HEIMBUCK	PRESIDENT/CEO	40.00	Officer	$173,977	$22,420	$196,397

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	$1,652,715	$1,832,240	$4,045,716	$-179,525
2022	$1,685,039	$1,594,567	$4,056,847	$90,472
2021	$1,205,863	$1,344,246	$4,036,985	$-138,383
2020	$1,083,671	$1,036,347	$4,108,964	$47,324
2019	$1,620,276	$1,720,587	$4,069,499	$-100,311
2018	$1,804,237	$1,567,642	$3,989,327	$236,595

CREDIT UNION ASSOCIATION OF NEW MEXICO INC