New Mexico State Univ Fdn Inc

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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

Phone

5756461613

Tax Period

2023-07-01 to 2024-06-30

New Mexico State Univ Fdn Inc, founded in 1959, is a mid-sized nonprofit in the Education sector that reported $41.1M in total revenue in fiscal year 2023. Revenue surged 116% from the prior year, signaling strong growth momentum. The organization ran a surplus of $11.3M, a strong 28% operating margin.

Mission

THE MISSION OF NEW MEXICO STATE UNIVERSITY FOUNDATION IS TO FOSTER LONG-TERM RELATIONSHIPS WITH OUR ALUMNI, SUPPORTERS, AND COMMUNITY IN ORDER TO SECURE, MANAGE, STEWARD, AND PROTECT A SUSTAINABLE SOURCE OF PRIVATE RESOURCES THAT WILL ENHANCE THE ABILITY OF NEW MEXICO STATE UNIVERSITY TO FULFILL ITS LAND GRANT MISSION.

Program Service Accomplishments

Program 1

Expenses: $16,433,386 Revenue: $4,846,676

In FY24, New Mexico State University Foundation advanced its mission to support academic excellence, research innovation, and student success across the NMSU system. Through the generosity of donors and strategic stewardship of resources, the Foundation raised and managed funds that directly enriched the educational experience for thousands of students and bolstered the university's land-grant mission to serve the diverse communities of New Mexico. This year, the Foundation facilitated over $4 million in scholarship support, alleviating financial barriers for more than 4,300 students and ensuring access to higher education for many first-generation and underrepresented learners. In collaboration with campus partners, we supported faculty research, expanded experiential learning opportunities, and funded capital improvements to enhance campus facilities - including laboratories, student support centers, and cultural hubs. The Foundation also launched initiatives to deepen alumni engagement and community partnerships, hosting events and campaigns that celebrated Aggie pride and inspired lifelong investment in NMSU's future. Our donor relations efforts maintained a high standard of transparency and accountability, helping to sustain long-term philanthropic relationships critical to the university's growth and resilience. Through these efforts, the NMSU Foundation continues to serve as a vital engine for transforming lives and empowering the next generation of leaders in New Mexico and beyond.

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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 $18,258,326

Program Service Revenue $4,846,676

Investment Income $17,012,835

Other Revenue $976,524

TOTAL REVENUE $41,094,361

Expense Breakdown

Grants Paid $13,362,319

Salaries & Benefits $8,555,600

Fundraising Expenses $5,945,984

Program Expenses $16,433,386

Other Expenses $7,847,696

TOTAL EXPENSES $29,765,615

Year-over-Year Comparison

	2023	2022	Change
Revenue	$41,094,361	$19,013,620	+1.2%
Expenses	$29,765,615	$24,293,707	+0.2%
Net Income	$11,328,746	$-5,280,087	-3.1%

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

108

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

$550,932

Total Directors

Key Employees

$441,971

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AARON DE LOS SANTOS	TREASURER (UNTIL 4/2024)	2.0	Officer Director	$0	$0	$0
AMY HUMMER	SECRETARY	2.0	Officer Director	$0	$0	$0
CHRISTIAN H HENDRICKSON	CHAIR	2.0	Officer Director	$0	$0	$0
ERIC POWELL	DIRECTOR / TREASURER (begin 4/2024)	1.0	Officer Director	$0	$0	$0
KYLE LOUVAR	IMMEDIATE PAST CHAIR	2.0	Officer Director	$0	$0	$0
LOUIS A VEGA	VICE CHAIR	2.0	Officer Director	$0	$0	$0
ABEL COVARRUBIAS	DIRECTOR	1.0	Director	$0	$0	$0
BOB DINTELMAN	DIRECTOR	1.0	Director	$0	$0	$0
CAROL SMALLWOOD	DIRECTOR	1.0	Director	$0	$0	$0
CHRISTOPHER DULANY	DIRECTOR	1.0	Director	$0	$0	$0
DEANZA VALENCIA	DIRECTOR	1.0	Director	$0	$0	$0
DEL ESPARZA	DIRECTOR	1.0	Director	$0	$0	$0
DR JUDY JOHNSON	DIRECTOR	1.0	Director	$0	$0	$0
DR SUE GERBER	DIRECTOR	1.0	Director	$0	$0	$0
FRANK SEIDEL	DIRECTOR	1.0	Director	$0	$0	$0
JAGDEV CHEEMA	DIRECTOR	1.0	Director	$0	$0	$0
JIM RHODES	DIRECTOR	1.0	Director	$0	$0	$0
JOEL GRANGER	DIRECTOR	1.0	Director	$0	$0	$0
JOHN CORDOVA	DIRECTOR	1.0	Director	$0	$0	$0
KEVIN CONROY	DIRECTOR	1.0	Director	$0	$0	$0
KYLE RHODES	DIRECTOR	1.0	Director	$0	$0	$0
MANNY MORA	DIRECTOR	1.0	Director	$0	$0	$0
MARC REYES	DIRECTOR	1.0	Director	$0	$0	$0
MARGARET HARDIN	DIRECTOR	1.0	Director	$0	$0	$0
MICHAEL LAW	DIRECTOR	1.0	Director	$0	$0	$0
MICHAEL PACKARD	DIRECTOR	1.0	Director	$0	$0	$0
NICOLE LOUVAR	DIRECTOR	1.0	Director	$0	$0	$0
ROBERT MARTINEZ	DIRECTOR	1.0	Director	$0	$0	$0
ROSS MCCALLISTER	DIRECTOR	1.0	Director	$0	$0	$0
SUE DINTELMAN	DIRECTOR	1.0	Director	$0	$0	$0
SUSAN PLANTZ	DIRECTOR	1.0	Director	$0	$0	$0
THOM PRICE	DIRECTOR	1.0	Director	$0	$0	$0
David Strong	Chief Financial Officer (until 6/14/2024	40.0	Officer	$343,955	$92,690	$436,645
Sylvia Acosta	Chief Executive Officer (Begin 10/2/2023)	40.0	Officer	$90,827	$23,460	$114,287
Stacey MacDonnell	AVP Advancement Services	40.0	Key Emp	$173,848	$38,545	$212,393
Virginia Schlemeyer	VP for External Relations (until 9/15/2023)	40.0	Key Emp	$204,914	$24,664	$229,578
James Covington	Executive Director - Estates and Planned Giving	40.0	Highest	$170,837	$49,869	$220,706
John Gresham	IT Director	40.0	Highest	$130,496	$46,970	$177,466
Maria Mcdonagh	Director of Communications	40.0	Highest	$139,770	$37,618	$177,388
Matthew Burns	Chief of Staff	40.0	Highest	$153,707	$42,154	$195,861
Susan Sorenson-Clark	Director of Talent and Culture	40.0	Highest	$142,964	$57,910	$200,874
Derek Dictson	Former President	40.0		$172,299	$40,658	$212,957

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	No data	No data	No data	No data
2024	$41,094,361	$29,765,615	$423,070,189	$11,328,746
2023	$19,013,620	$24,293,707	$384,382,069	$-5,280,087
2022	$93,998,424	$18,907,940	$352,538,517	$75,090,484
2021	$111,307,691	$15,438,214	$355,498,587	$95,869,477
2020	$22,858,088	$15,130,889	$226,596,148	$7,727,199
2019	$22,275,082	$15,722,004	$222,277,748	$6,553,078
2018	$25,406,201	$13,968,155	$213,881,098	$11,438,046