ALBUQUERQUE, NM
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)NEW MEXICO HORSEMEN'S ASSOCIATION, founded in 1966, is a micro nonprofit that reported $50K in total revenue in fiscal year 2023. Revenue surged 155% from the prior year, signaling strong growth momentum. Expenses of $222K exceeded revenue, resulting in a 345% operating deficit.
TO ACTIVELY PROMOTE THE GENERAL WELFARE AND HEALTH OF LICENSED OWNERS, TRAINERS, AND GROOMS (THE HORSEMEN) WHO RACE IN THE STATE OF NEW MEXICO.
THE ASSOCIATION PROMOTES THE GENERAL WELFARE OF MEMBERS (NEW MEXICO HORSEMEN) BY FOSTERING A HIGHER LEVEL OF PUBLIC AWARENESS AND ACCEPTANCE OF THE HORSE RACING INDUSTRY IN THE STATE OF NEW MEXICO...
THE ASSOCIATION PROMOTES THE GENERAL WELFARE OF MEMBERS (NEW MEXICO HORSEMEN) BY FOSTERING A HIGHER LEVEL OF PUBLIC AWARENESS AND ACCEPTANCE OF THE HORSE RACING INDUSTRY IN THE STATE OF NEW MEXICO. THE ASSOCIATION ALSO REPRESENTS MEMBERS BY: (1)BEING PRESENT AT EVERY SINGLE GENERAL MEETING OF THE NEW MEXICO RACING COMMISSION TO PROTECT THE INTERESTS OF MEMBERS;AND (2)SERVING AS THE OFFICIAL LIAISON BETWEEN THE HORSEMEN AND TRACK MANAGEMENT AND STATE REGULATORY AUTHORITIES.
THE ASSOCIATION MAINTAINS A MEDICAL BENEFIT FUND FOR THE HEALTH AND WELL- BEING OF MEMBERS, PROVIDING ILLNESS AND ACCIDENT MEDICAL ASSISTANCE PAYMENTS TO QUALIFIED MEMBERS UP TO 1,250 FOR ILLNESS AND...
THE ASSOCIATION MAINTAINS A MEDICAL BENEFIT FUND FOR THE HEALTH AND WELL- BEING OF MEMBERS, PROVIDING ILLNESS AND ACCIDENT MEDICAL ASSISTANCE PAYMENTS TO QUALIFIED MEMBERS UP TO 1,250 FOR ILLNESS AND ACCIDENTS PER YEAR. THIS INCLUDES RECEIVING AND HOLDING IN CUSTODY FUNDS RECEIVED BY NEW MEXICO STATUTE FOR MEMBER MEDICAL BENEFITS AND THE DISBURSEMENT OF THESE BENEFITS TO MEMBERS AS MANDATED BY STATUTE.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $49,751 | $19,546 | +1.5% |
| Expenses | $221,592 | $596,343 | -0.6% |
| Net Income | $-171,841 | $-576,797 | -0.7% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| ADAM ARCHELUTA | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| SEAN ALFORTISH | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| BERNADETTE BARRIOS | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| DENISE CHAMBLISS | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| JOSE R GONZALES JR | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| LARRY STRAIN | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| JILL GILES | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| DR PAUL JENSON | PRESIDENT | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| SUSAN PRATHER | VICE PRESIDE | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| PAMELA SENA | SECRETARY/TR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $49,751 | $221,592 | $1,896,972 | $-171,841 |
| 2022 | $19,546 | $596,343 | $1,974,825 | $-576,797 |
| 2021 | $46,287 | $554,358 | $18,197,774 | $-508,071 |
| 2020 | $298,338 | $597,500 | $5,195,051 | $-299,162 |
| 2019 | $586,018 | $449,643 | $12,906,146 | $136,375 |
| 2018 | $541,135 | $513,528 | $14,673,278 | $27,607 |
Compare NEW MEXICO HORSEMEN'S ASSOCIATION with other nonprofits in New Mexico and across the country.