NEW MEXICO HORSE BREEDERS ASSOCIATION (EIN 850204494) - Form 990 Financial Analysis & Trantor Score

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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

1961

Legal Domicile

Principal Officer

JAY L TAYLOR

Phone

5052620224

Tax Period

2024-01-01 to 2024-12-31

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.

Mission

PROMOTE HORSE BREEDING AND HORSE RACING IN NEW MEXICO.

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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 $0

Program Service Revenue $493,046

Investment Income $23,746

Other Revenue $0

TOTAL REVENUE $516,792

Expense Breakdown

Grants Paid $0

Salaries & Benefits $209,523

Fundraising Expenses $0

Other Expenses $281,012

TOTAL EXPENSES $490,535

Year-over-Year Comparison

	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%

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

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

$108,583

Total Directors

Key Employees

Highest Compensated

reported

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

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
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

NEW MEXICO HORSE BREEDERS ASSOCIATION