ALBUQUERQUE, NM
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)NEW MEXICO HORSE BREEDERS ASSOCIATION, founded in 1961, is a small nonprofit that reported $517K in total revenue in fiscal year 2024. Revenue grew 18% year-over-year, indicating healthy expansion. Expenses of $491K left a modest 5% surplus.
PROMOTE THE BREEDING OF RACING QUARTER HORSES AND THOROUGHBREDS IN THE STATE OF NEW MEXICO. THE MISSION INCLUDES: ACTING AS OFFICIAL REGISTRAR FOR NEW MEXICO-BRED HORSES; ADMINISTERING THE INCENTIVE FUNDS; PROVIDING A VOICE FOR THE BREEDERS IN NEW MEXICO; AND PROMOTING THE WELFARE OF THE RACING HORSE IN THE STATE.
COMPILED DATA NEEDED TO CALCULATE INCENTIVE AWARDS AND DISTRIBUTED 1,300 AWARD CHECKS TO OWNERS AND BREEDERS OF NEW MEXICO-BRED HORSES, AS MANDATED BY STATE LAW.
RECEIVED AND HELD IN CUSTODY FUNDS RECEIVED FROM TRACKS AND DISTRIBUTED FUNDS TO TRACKS FOR PURSE ENHANCEMENTS, AS MANDATED BY STATE LAW.
REGISTERED 1,196 HORSES IN VARIOUS NEW MEXICO-BRED CATEGORIES, AS MANDATED BY STATE LAW.
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)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $516,792 | $439,177 | +0.2% |
| Expenses | $490,535 | $494,109 | 0.0% |
| Net Income | $26,257 | $-54,932 | -1.5% |
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 |
|---|---|---|---|---|---|---|
| JAY L TAYLOR | PRESIDENT | 3.00 |
Officer
Director
|
$0 | $0 | $0 |
| MARK BROWN | 1ST VICE PRESIDENT | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| NANCY SUMMERS 2ND | VICE PRESIDENT (THROUGH 03/25/24) | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| C WARREN FRANKLIN | 2ND VICE PRESIDENT | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| NORMA ALVAREZ | DIRECTOR | 0.00 |
Director
|
$0 | $0 | $0 |
| BRIAN ANDERSON | DIRECTOR | 0.00 |
Director
|
$0 | $0 | $0 |
| DENISE CHAMBLISS | DIRECTOR | 0.00 |
Director
|
$0 | $0 | $0 |
| TOM GONCHAROFF | DIRECTOR | 0.00 |
Director
|
$0 | $0 | $0 |
| DEBRA J LANEY | DIRECTOR | 0.00 |
Director
|
$0 | $0 | $0 |
| MIKE LOGAN | DIRECTOR | 0.00 |
Director
|
$0 | $0 | $0 |
| MAC MURRAY | DIRECTOR | 0.00 |
Director
|
$0 | $0 | $0 |
| HELEN NAVE | DIRECTOR | 0.00 |
Director
|
$0 | $0 | $0 |
| SUSIE PRATHER | DIRECTOR | 0.00 |
Director
|
$0 | $0 | $0 |
| MARY BARBER EXECUTIVE DIR | SECRETARY, TREASURER | 40.00 |
Officer
|
$78,249 | $30,334 | $108,583 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | No data | No data | No data | No data |
| 2024 | $516,792 | $490,535 | $6,273,445 | $26,257 |
| 2023 | $439,177 | $494,109 | $6,748,965 | $-54,932 |
| 2022 | $463,867 | $442,557 | $7,489,880 | $21,310 |
| 2021 | $438,559 | $362,395 | $7,609,830 | $76,164 |
| 2020 | $405,545 | $368,820 | $4,725,993 | $36,725 |
| 2019 | $492,737 | $408,810 | $8,154,465 | $83,927 |
| 2018 | $463,512 | $392,229 | $7,619,857 | $71,283 |
Compare NEW MEXICO HORSE BREEDERS ASSOCIATION with other nonprofits in New Mexico and across the country.