MUSEUM OF NEW MEXICO FOUNDATION

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1962

Legal Domicile

Principal Officer

BRUCE LARSEN

Phone

5059826366

Tax Period

2024-07-01 to 2025-06-30

MUSEUM OF NEW MEXICO FOUNDATION, founded in 1962, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $16.2M in total revenue in fiscal year 2024. Revenue surged 81% from the prior year, signaling strong growth momentum. The organization ran a surplus of $8.5M, a strong 53% operating margin.

Mission

THE MUSEUM OF NEW MEXICO FOUNDATION SUPPORTS THE MUSEUM OF NEW MEXICO SYSTEM, IN COLLABORATION WITH THE MUSEUM OF NEW MEXICO BOARD OF REGENTS AND THE NEW MEXICO DEPARTMENT OF CULTURAL AFFAIRS. THE FOUNDATION'S PRINCIPAL ACTIVITIES ARE FUND DEVELOPMENT FOR EXHIBITIONS AND EDUCATION PROGRAMS, RETAIL AND LICENSING PROGRAMS, FINANCIAL MANAGEMENT, AND ADVOCACY AND SPECIAL INITIATIVES.THE FOUNDATION SERVES THESE NEW MEXICO DEPARTMENT OF CULTURAL AFFAIRS INSTITUTIONS:- MUSEUM OF INDIAN ARTS AND CULTURE/LABORATORY OF ANTHROPOLOGY- MUSEUM OF INTERNATIONAL FOLK ART- NEW MEXICO HISTORY MUSEUM AND PALACE OF THE GOVERNORS- NEW MEXICO MUSEUM OF ART- NEW MEXICO HISTORIC SITES- OFFICE OF ARCHAEOLOGICAL STUDIES

Program Service Accomplishments

Program 1

Expenses: $3,911,637 Revenue: $282,705

SUPPORT FOR THE BENEFIT OF THE MUSEUM OF NEW MEXICO. MUSEUMS: MUSEUM OF INTERNATIONAL FOLK ART, NEW MEXICO HISTORY MUSEUM AND PALACE OF THE GOVERNORS, NEW MEXICO MUSEUM OF ART, MUSEUM OF INDIAN ARTS AND CULTURE/LABORATORY OF ANTHROPOLOGY, OFFICE OF ARCHAEOLOGICAL STUDIES. HISTORIC SITES: TAYLOR MESILLA HOME, BOSQUE REDONDO MEMORAL AT FORT SUMNER HISTORIC SITE, CORONADO, FORT SELDEN, JEMEZ, LINCOLN, FORT STANTON AND LOS LUCEROS. SEE THE MUSEUM OF NEW MEXICO FOUNDATION'S ANNUAL REPORT AT HTTPS://WWW.MUSEUMFOUNDATION.ORG/FACTS-FIGURES/

Program 2

Expenses: $3,035,896 Revenue: $153,880

NEW MEMBER AND MEMBERSHIP RETENTION PROGRAM.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $6,764,083

Program Service Revenue $153,880

Investment Income $8,955,914

Other Revenue $343,661

TOTAL REVENUE $16,217,538

Expense Breakdown

Grants Paid $3,911,637

Salaries & Benefits $1,887,838

Fundraising Expenses $103,703

Program Expenses $6,947,533

Other Expenses $1,883,915

TOTAL EXPENSES $7,683,390

Year-over-Year Comparison

	2024	2023	Change
Revenue	$16,217,538	$8,972,269	+0.8%
Expenses	$7,683,390	$8,590,699	-0.1%
Net Income	$8,534,148	$381,570	+21.4%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✓ Lobbying ✗ Political Activity ✓ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

120

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

$414,925

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL KNIGHT	CHAIR	2.00	Officer Director	$0	$0	$0
NANCY BAKER	VICE CHAIR	2.00	Officer Director	$0	$0	$0
DAN MONROE	VICE CHAIR	2.00	Officer Director	$0	$0	$0
EDELMA HUNTLEY	SECRETARY	2.00	Officer Director	$0	$0	$0
JOHN MACUKAS	TREASURER	2.00	Officer Director	$0	$0	$0
ALLAN AFFELDT	TRUSTEE	2.00	Director	$0	$0	$0
CATHY ALLEN	TRUSTEE	2.00	Director	$0	$0	$0
DAVID ARMENT	TRUSTEE	2.00	Director	$0	$0	$0
NIMISH BHATT	TRUSTEE	2.00	Director	$0	$0	$0
CAROLINE BURNETT	TRUSTEE	2.00	Director	$0	$0	$0
ELAIN COLE	TRUSTEE	2.00	Director	$0	$0	$0
JOE COLVIN	TRUSTEE	2.00	Director	$0	$0	$0
DIANE DOMENICI	TRUSTEE	2.00	Director	$0	$0	$0
GREG DOVE	TRUSTEE	2.00	Director	$0	$0	$0
JOHN DUNCAN	TRUSTEE	2.00	Director	$0	$0	$0
KIRK ELLIS	TRUSTEE	2.00	Director	$0	$0	$0
DEBORAH FRITZ	TRUSTEE	2.00	Director	$0	$0	$0
ROBERT GLICK	TRUSTEE (THROUGH DECEMBER 2024)	2.00	Director	$0	$0	$0
CARMEN GONZALES	TRUSTEE	2.00	Director	$0	$0	$0
J SCOTT HALL	TRUSTEE	2.00	Director	$0	$0	$0
PAT HALL	TRUSTEE	2.00	Director	$0	$0	$0
MARILYN HARRIS	TRUSTEE	2.00	Director	$0	$0	$0
SUSIE HERMAN	TRUSTEE	2.00	Director	$0	$0	$0
RUTH HOGAN	TRUSTEE	2.00	Director	$0	$0	$0
PEGGY HUBBARD	TRUSTEE	2.00	Director	$0	$0	$0
ROBERT JONES	TRUSTEE	2.00	Director	$0	$0	$0
BRUCE LARSEN	TRUSTEE	2.00	Director	$0	$0	$0
CHRISTINE MCDERMOTT	TRUSTEE	2.00	Director	$0	$0	$0
DEE ANN MCINTYRE	TRUSTEE	2.00	Director	$0	$0	$0
KATE MOSS	TRUSTEE	2.00	Director	$0	$0	$0
PATTY NEWMAN	TRUSTEE	2.00	Director	$0	$0	$0
MICHAEL OGG MD	TRUSTEE	2.00	Director	$0	$0	$0
DENNIS A O'TOOLE PHD	TRUSTEE	2.00	Director	$0	$0	$0
SARA OTTO	TRUSTEE	2.00	Director	$0	$0	$0
SABRINA PRATT	TRUSTEE	2.00	Director	$0	$0	$0
MICHAEL REID	TRUSTEE	2.00	Director	$0	$0	$0
NATALIE RIVERA	TRUSTEE	2.00	Director	$0	$0	$0
WILSON SCANLAN	TRUSTEE	2.00	Director	$0	$0	$0
FRIEDA SIMONS	TRUSTEE	2.00	Director	$0	$0	$0
COURTNEY FINCH TAYLOR	TRUSTEE	2.00	Director	$0	$0	$0
MARGO THOMA	TRUSTEE	2.00	Director	$0	$0	$0
ELMER TORRES	TRUSTEE	2.00	Director	$0	$0	$0
LAURA WIDMAR	TRUSTEE	2.00	Director	$0	$0	$0
MADELEINE WRIGHT	TRUSTEE	2.00	Director	$0	$0	$0
SANDY ZANE	TRUSTEE	2.00	Director	$0	$0	$0
JAMIE CLEMENTS	PRESIDENT/CEO	40.00	Officer	$237,235	$42,594	$279,829
GEORGINE CHAVEZ VP OF	FINANCE & OPERATIONS	40.00	Officer	$108,964	$26,132	$135,096
MARIANN MINANA-LOVATO VP OF	MEMBERSHIP & COMMUNICATION	40.00	Highest	$100,944	$6,866	$107,810

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	$16,217,538	$7,683,390	$54,865,695	$8,534,148
2024	$8,972,269	$8,590,699	$50,526,651	$381,570
2023	$9,445,971	$11,943,476	$47,576,192	$-2,497,505
2022	$11,166,561	$8,776,854	$48,109,857	$2,389,707
2021	$8,605,972	$5,220,087	$51,964,866	$3,385,885
2020	$9,544,126	$5,752,476	$42,144,704	$3,791,650
2019	$10,248,891	$6,214,486	$40,259,200	$4,034,405
2018	$11,605,032	$6,703,197	$36,897,325	$4,901,835