NEW MEXICO BAPTIST FOUNDATION

EIN: 850158371 501(c)(3) Religion

ALBUQUERQUE, NM

Total Revenue
$2,466,429
Total Expenses
$2,620,542
Total Assets
$55,458,452
Net Assets
$12,879,092
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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
1948
Legal Domicile
NM
Principal Officer
RICK BREEDEN
Phone
5053323777
Tax Period
2023-01-01 to 2023-12-31

NEW MEXICO BAPTIST FOUNDATION, founded in 1948, is a community nonprofit in the Religion sector that reported $2.5M in total revenue in fiscal year 2023. Revenue decreased 5% compared to the prior year. Net assets of $12.9M represent 63 months of operating reserves.

Mission

THE NEW MEXICO BAPTIST FOUNDATION SEEKS TO FULFILL ITS MISSION TO GENERATE FUNDS FOR KINGDOM CAUSES AROUND THE WORLD. WE ARE COMMITTED TO ASSISTING INDIVIDUALS, CHURCHES, AND CHARITIES IMPACTING THE WORLD THROUGH THE FAITHFUL STEWARDSHIP OF GOD'S RESOURCES. THE FOUNDATION MANAGES FUNDS ENTRUSTED FOR THE ONGOING BENEFIT OF CHURCHES, MISSIONS, MINISTRY, AND CHARITABLE ORGANIZATIONS. IN ADDITION, THE FOUNDATION PROVIDES RESOURCES FOR ESTATE PLANNING, CHARITABLE GIFTING, ENDOWMENT CREATION, SCHOLARSHIPS, CHURCH FINANCE, AND COMPASSION CAUSES.

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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 $1,413,946
Program Service Revenue $1,084,264
Investment Income $-31,781
Other Revenue $0
TOTAL REVENUE $2,466,429

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,144,722
Fundraising Expenses $181,595
Program Expenses $2,035,799
Other Expenses $1,475,820
TOTAL EXPENSES $2,620,542

Year-over-Year Comparison

2023 2022 Change
Revenue $2,466,429 $2,609,401 -0.1%
Expenses $2,620,542 $1,750,613 +0.5%
Net Income $-154,113 $858,788 -1.2%
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

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Governance

Voting Members
10
Independent Members
10
Employees
11
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
4
$352,108
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHARLES STOCKTON CHAIRMAN 2.00
Officer Director
$0 $0 $0
TED WITH VICE-CHAIRMA 2.00
Officer Director
$0 $0 $0
ROBERT EWING SECRETARY 2.00
Officer Director
$0 $0 $0
LINDA DEAN DIRECTOR 1.00
Director
$0 $0 $0
LEWIS WILLIAMS DIRECTOR 1.00
Director
$0 $0 $0
STEVE BALLEW DIRECTOR 1.00
Director
$0 $0 $0
CHRIS PAYTON DIRECTOR 1.00
Director
$0 $0 $0
CARROLL VAUGHN DIRECTOR 1.00
Director
$0 $0 $0
JOHN LOUDAT DIRECTOR 1.00
Director
$0 $0 $0
RICHARD GOMEZ DIRECTOR 1.00
Director
$0 $0 $0
RICK BREEDEN PRESIDENT 40.00
Officer
$279,170 $72,938 $352,108
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 $2,466,429 $2,620,542 $55,458,452 $-154,113
2022 $2,609,401 $1,750,613 $49,118,538 $858,788
2021 $1,801,969 $1,705,412 $58,684,099 $96,557
2020 $1,655,131 $1,494,915 $50,366,243 $160,216
2019 $2,113,203 $1,633,467 $47,843,684 $479,736
2018 $2,111,854 $1,367,082 $42,733,780 $744,772
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