MIDWEST NEW MEXICO COMMUNITY ACTIO… - Form 990 Financial Data

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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

JAMES SHIPLET

Phone

5058660466

Tax Period

2023-09-01 to 2024-08-31

MIDWEST NEW MEXICO COMMUNITY ACTION PROGRAM, founded in 1965, is a mid-sized nonprofit that reported $10.9M in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $10.0M left a modest 7% surplus.

Mission

TO DEVELOP, CONDUCT, ADMINISTER, AND COORDINATE COMMUNITY ACTION PROGRAMS AS DEFINED IN SECTION 202 OF THE ECONOMIC OPPORTUNITY ACT OF 1964. THESE PROGRAMS PROVIDED SERVICES IN THE COUNTIES OF VALENCIA, SOCORRO, CATRON, CIBOLA, AND MCKINLEY, NEW MEXICO.

Program Service Accomplishments

Program 1

Expenses: $8,094,553

THE HEAD START AND EARLY HEAD START PROGRAMS DELIVERED COMPREHENSIVE SERVICES TO FOSTER HEALTHY DEVELOPMENT OF CHILDREN AGES INFANT TO TODDLERS FOR EARLY HEAD START AND 3-5 FROM LOW-INCOME FAMILIES...

Program 2

Expenses: $390,610

COMMUNITY SERVICE BLOCK GRANT - SERVICES AND ACTIVITIES HAVE A MEASURABLE AND POTENTIALLY MAJOR IMPACT ON CAUSES OF POVERTY. ACTIVITIES TO ASSIST LOW-INCOME PARTICIPANTS TO MAINTAIN ADEQUATE HOUSING, HEALTH SERVICES AND FOOD. PROVIDE EMERGENCY FOOD AND RELATED SERVICES. COORDINATE AND ESTABLISH LINKS BETWEEN GOVERNMENTAL AND OTHER SOCIAL SERVICES. ENCOURAGE THE USE OF ENTITIES IN THE PRIVATE SECTOR OF THE COMMUNITY TO REDUCE POVERTY.

Program 3

Expenses: $455,219

CHILD AND ADULT FOOD PROGRAM - BENEFITS CONSIST OF NUTRITIOUS MEALS AND SNACKS SERVED TO ELIGIBLE CHILDREN AND ADULTS WHO RECEIVE CARE IN THE HEAD START AND EARLY HEAD START PROGRAMS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $10,854,513

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $10,854,513

Expense Breakdown

Grants Paid $149,984

Salaries & Benefits $7,609,683

Fundraising Expenses $0

Program Expenses $9,033,352

Other Expenses $2,282,889

TOTAL EXPENSES $10,042,556

Year-over-Year Comparison

	2023	2022	Change
Revenue	$10,854,513	$9,953,552	+0.1%
Expenses	$10,042,556	$8,316,113	+0.2%
Net Income	$811,957	$1,637,439	-0.5%

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

157

Volunteers

493

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

$302,979

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES SHIPLET	CEO	40.00	Officer	$0	$0	$0
RICK GARCIA	CHAIR	2.00	Officer Director	$0	$0	$0
DANNY RAEL	VICE CHAIR	2.00	Officer Director	$0	$0	$0
ANDY GOMEZ	TREASURER	2.00	Officer Director	$0	$0	$0
PAULA PERALTA	SECRETARY	2.00	Officer Director	$0	$0	$0
JOE SAIZ	DIRECTOR	1.00	Director	$0	$0	$0
LINDA GARCIA	DIRECTOR	1.00	Director	$0	$0	$0
INEZ GIRON	DIRECTOR	1.00	Director	$0	$0	$0
BILL SILVA	CEO	40.00		$177,233	$30,217	$207,450
PAUL VALIGURA	CFO	40.00	Officer	$142,300	$26,832	$169,132
MARTIN MONDRAGON	DEPUTY CFO	40.00	Officer	$108,929	$24,918	$133,847
AMALIA SANCHEZ	HEADSTART DI	40.00	Highest	$152,872	$15,037	$167,909

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	$10,854,513	$10,042,556	$5,507,027	$811,957
2023	$9,953,552	$8,316,113	$6,089,911	$1,637,439
2022	$8,417,556	$8,416,653	$2,839,607	$903
2021	$8,255,107	$7,650,520	$2,894,097	$604,587
2020	$8,040,308	$7,645,595	$2,294,907	$394,713
2019	$7,689,150	$7,799,554	$1,950,343	$-110,404
2018	$8,474,916	$8,239,695	$2,241,834	$235,221

MIDWEST NEW MEXICO COMMUNITY ACTION PROGRAM