NEW MEXICO TECH FOUNDATION

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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

1965

Legal Domicile

Principal Officer

COLLEEN FOSTER

Phone

5758355658

Tax Period

2024-07-01 to 2025-06-30

NEW MEXICO TECH FOUNDATION, founded in 1965, is a community nonprofit that reported $2.7M in total revenue in fiscal year 2024. Revenue fell 21% from the prior year — a significant decline worth monitoring. Expenses of $3.6M exceeded revenue, resulting in a 33% operating deficit.

Mission

THE FOUNDATION IS ORGANIZED TO PROMOTE AND ADVANCE THE INTERESTS OF THE NEW MEXICO INSTITUTE OF MINING AND TECHNOLOGY BY MAKING FUNDS AVAILABLE FOR INSTITUTIONAL SUPPORT AND SCHOLARSHIPS.

Program Service Accomplishments

Program 1

Expenses: $3,309,284

THE FOUNDATION IS ORGANIZED TO PROMOTE AND ADVANCE THE INTERESTS OF THE NEW MEXICO INSTITUTE OF MINING AND TECHNOLOGY. THIS INCLUDES SUPPORT OF MEETINGS AND EVENTS THAT RAISE THE PROFILE OF NEW...

THE FOUNDATION IS ORGANIZED TO PROMOTE AND ADVANCE THE INTERESTS OF THE NEW MEXICO INSTITUTE OF MINING AND TECHNOLOGY. THIS INCLUDES SUPPORT OF MEETINGS AND EVENTS THAT RAISE THE PROFILE OF NEW MEXICO TECH WITH FRIENDS, ALUMNI AND DONORS, WITH THE GOAL OF GAINING FINANCIAL SUPPORT THROUGH DONATIONS.

Program 2

Expenses: $5,000

PROVIDES SCHOLARSHIPS AND GRANTS TO SUPPORT STUDENTS ATTENDING THE NEW MEXICO INSTITUTE OF MINING AND TECHNOLOGY, AS WELL AS RECRUITING, ADVERTISING, AND OTHER ASSOCIATED ACTIVITIES.

Program 3

Expenses: $87,871 Revenue: $24,840

LEASES APARTMENTS TO NEW MEXICO INSTITUTE OF MINING AND TECHNOLOGY FOR ITS STUDENTS.

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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 $1,350,661

Program Service Revenue $24,840

Investment Income $1,319,367

Other Revenue $0

TOTAL REVENUE $2,694,868

Expense Breakdown

Grants Paid $3,194,993

Salaries & Benefits $0

Fundraising Expenses $13,500

Program Expenses $3,402,155

Other Expenses $365,771

TOTAL EXPENSES $3,574,264

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,694,868	$3,416,400	-0.2%
Expenses	$3,574,264	$3,160,865	+0.1%
Net Income	$-879,396	$255,535	-4.4%

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

N/A

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

$188,167

Total Directors

$811,779

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR NELIA DUNBAR	TRUSTEE	1.00	Director	$0	$3,679	$96,555
CLINTON MARRS	PRESIDENT	1.00	Officer Director	$0	$0	$0
JEFFREY COREY	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
BORDEN PUTNAM III	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
DR MAHYAR AMOUZEGAR	TRUSTEE	1.50	Director	$0	$89,134	$396,084
CINDY ARDITO	TRUSTEE	1.00	Director	$0	$0	$0
JERRY A ARMIJO	TRUSTEE	1.00	Director	$0	$0	$0
RICHARD CERVANTES	TRUSTEE (THROUGH APRIL 2025)	1.00	Director	$0	$29,832	$319,140
DEBORAH COREY	TRUSTEE	1.00	Director	$0	$0	$0
WILLIAM DAILY	TRUSTEE (THROUGH DECEMBER 2024)	1.00	Director	$0	$0	$0
EARL DEBRINE	TRUSTEE	1.00	Director	$0	$0	$0
JOANNA DEBRINE	TRUSTEE (THROUGH DECEMBER 2024)	1.00	Director	$0	$0	$0
DR RAUL DEJU	TRUSTEE (THROUGH JULY 2024)	1.00	Director	$0	$0	$0
RAVEN GOSWICK	TRUSTEE	1.00	Director	$0	$0	$0
LISA NOELL	TRUSTEE	1.00	Director	$0	$0	$0
KIP PURCELL	TRUSTEE	1.00	Director	$0	$0	$0
GERALDINE RIVERA	TRUSTEE	1.00	Director	$0	$0	$0
DELILAH WALSH	TRUSTEE	1.00	Director	$0	$0	$0
COLLEEN FOSTER	EXECUTIVE DIRECTOR	20.00	Officer	$0	$29,883	$188,167

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	$2,694,868	$3,574,264	$46,162,411	$-879,396
2024	$3,416,400	$3,160,865	$43,864,530	$255,535
2023	$5,945,035	$3,708,912	$41,037,147	$2,236,123
2022	$2,517,298	$3,211,554	$38,498,574	$-694,256
2021	$7,982,677	$2,609,363	$40,798,875	$5,373,314
2020	$1,877,558	$2,160,691	$29,029,841	$-283,133
2018	$2,520,315	$2,473,154	$28,077,473	$47,161