NEW MEXICO SOCIETY OF CPAS

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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

1930

Legal Domicile

Principal Officer

JEANETTE CONTRERAS

Phone

5052461699

Tax Period

2024-07-01 to 2025-06-30

NEW MEXICO SOCIETY OF CPAS, founded in 1930, is a small nonprofit in the Education sector that reported $503K in total revenue in fiscal year 2024. Expenses of $852K exceeded revenue, resulting in a 69% operating deficit.

Mission

THE ORGANIZATIONS PRIMARY PURPOSE IS TO ADVOCATE FOR MEMBERS AND THE PROFESSION THROUGH THE PROMOTION OF EXCELLENCE AND ETHICAL STANDARDS.

Program Service Accomplishments

Program 1

Expenses: $503,296 Revenue: $305,893

TO ADVANCE AND PROMOTE THE PROFESSION THROUGH SCHOLARSHIP, PUBLIC RELATIONS, AND SERVICES TO MEMBERS. TO SERVE AS A CLEARING HOUSE FOR INFORMATION PERTINENT TO MEMBERS AND THE COMMUNITY.

Program 2

Expenses: $145,098 Revenue: $161,645

ANNUAL CONFERENCE, COMMITTEES, AND OTHER MEETINGS - EXPENSES ASSOCIATED WITH PROGRAMS AND ACCOMODATIONS FOR ANNUAL CONFERENCE AND COMMITTEE ACTIVITIES: PROVIDING OPPORTUNITIES FOR NETWORKING...

ANNUAL CONFERENCE, COMMITTEES, AND OTHER MEETINGS - EXPENSES ASSOCIATED WITH PROGRAMS AND ACCOMODATIONS FOR ANNUAL CONFERENCE AND COMMITTEE ACTIVITIES: PROVIDING OPPORTUNITIES FOR NETWORKING INFORMATION SHARING AND ADVOCACY, RECOGNIZING EXCELLENCE IN SERVICE TO THE PROFESSION AND THE COMMUNITY. MENTORING ACCOUNTING STUDENTS AND PROVIDING TRAINING AND NETWORKING OPPORTUNITIES. SUPPORTING NEW CPAS WITH A SWEARING IN CEREMONY AND RECEPTION.

Program 3

Expenses: $21,114 Revenue: $29,741

MONITORING ACTIVITY AT THE STATE LEGISLATURE AND ADVOCATING FOR THE PROFESSION. COORDINATION WITH THE STATE BOARD OF ACCOUNTANCY AND THE STATE AUDITORS OFFICE TO SUPPORT THE PROFESSION.

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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 $497,279

Investment Income $5,837

Other Revenue $0

TOTAL REVENUE $503,116

Expense Breakdown

Grants Paid $417,198

Salaries & Benefits $275,081

Fundraising Expenses $0

Program Expenses $669,508

Other Expenses $159,873

TOTAL EXPENSES $852,152

Year-over-Year Comparison

	2024	2023	Change
Revenue	$503,116	$493,310	+0.0%
Expenses	$852,152	$448,986	+0.9%
Net Income	$-349,036	$44,324	-8.9%

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

105

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

$176,745

Total Directors

$103,305

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEANETTE CONTRERAS	PRESIDENT	40.00	Officer Director	$103,305	$0	$103,305
CORRINE ZAJAC-CLARKSON	CHAIRMAN OF THE BOARD	5.00	Officer Director	$0	$0	$0
STEPHANIE MELTON	IMM PAST CHAIR	1.00	Officer Director	$0	$0	$0
ELIJAH ESQUIVEL	TREASURER	4.00	Officer Director	$0	$0	$0
JENNIFER GABALDON	EXEC VICE PRES	45.00	Officer	$73,440	$0	$73,440
TAMARA BEALL	CHAIR ELECT	1.00	Officer Director	$0	$0	$0
MANDY FUNCHESS	DIRECTOR	1.00	Director	$0	$0	$0
YASMEEN ABDELJALIL	DIRECTOR	1.00	Director	$0	$0	$0
TRACY ARMIJO	DIRECTOR	1.00	Director	$0	$0	$0
BEN BALKCOM	DIRECTOR	1.00	Director	$0	$0	$0
DARREN DAVIS	DIRECTOR	1.00	Director	$0	$0	$0
DAVID DILLER	DIRECTOR	1.00	Director	$0	$0	$0
JOSHUA EDWARDS	DIRECTOR	1.00	Director	$0	$0	$0
CAITLIN GUTIERREZ	DIRECTOR	1.00	Director	$0	$0	$0
HOWIE HERBERT III	DIRECTOR	1.00	Director	$0	$0	$0
BRANDYN JORDAN	DIRECTOR	1.00	Director	$0	$0	$0
LYNETTE SANDERS	DIRECTOR	1.00	Director	$0	$0	$0
DAVID LAFFERTY	DIRECTOR	1.00	Director	$0	$0	$0
RYAN LATIMER	DIRECTOR	1.00	Director	$0	$0	$0
GWEN MANSFIELD-VOGT	DIRECTOR	1.00	Director	$0	$0	$0
JANET PACHECO MORTON	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTOPHER SALCIDO	DIRECTOR	1.00	Director	$0	$0	$0
MISTY SCHUCK	DIRECTOR	1.00	Director	$0	$0	$0
VALERIE TORREZ	DIRECTOR	1.00	Director	$0	$0	$0
MARY ALICE WALKER-LYSAK	DIRECTOR	1.00	Director	$0	$0	$0
NICHOLAS WILLIAMS	DIRECTOR	1.00	Director	$0	$0	$0
EMILY WILSON	DIRECTOR	1.00	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
2025	$503,116	$852,152	$309,404	$-349,036
2024	$493,310	$448,986	$702,269	$44,324
2023	$501,725	$454,844	$681,654	$46,881
2022	$510,978	$392,269	$558,752	$118,709
2021	$442,257	$367,656	$440,325	$74,601
2020	$507,335	$451,739	$300,693	$55,596
2019	$485,362	$471,982	$252,203	$13,380
2018	$508,006	$457,234	$337,076	$50,772