NEW MEXICO ART LEAGUE INC

EIN: 850208169 501(c)(3)

Albuquerque, NM

Total Revenue
$256,063
Total Expenses
$244,277
Total Assets
$452,022
Net Assets
$452,022
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1929
Legal Domicile
NM
Principal Officer
Daniel Conklin
Phone
5052935034
Tax Period
2024-01-01 to 2024-12-31

NEW MEXICO ART LEAGUE INC, founded in 1929, is a small nonprofit that reported $256K in total revenue in fiscal year 2024. Revenue fell 36% from the prior year — a significant decline worth monitoring. Expenses of $244K left a modest 5% surplus.

Mission

To inspire and educate aspiring and experienced artists of all ages and abilities while promoting an awareness an appreciation of fine art. The New Mexico Art League strives to provide opportunities in a wide variety of the visual arts through courses using traditional teaching methods demonstrations and master talks as well as open painting and drawing groups. Throughout the year the NM Art League provides opportunities for New Mexico artists to exhibit their work through juried shows in its gallery.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $22,248
Program Service Revenue $221,317
Investment Income $12,498
Other Revenue $0
TOTAL REVENUE $256,063

Expense Breakdown

Grants Paid $0
Salaries & Benefits $99,643
Fundraising Expenses $846
Program Expenses $218,033
Other Expenses $144,634
TOTAL EXPENSES $244,277

Year-over-Year Comparison

2024 2023 Change
Revenue $256,063 $399,544 -0.4%
Expenses $244,277 $213,519 +0.1%
Net Income $11,786 $186,025 -0.9%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
9
Independent Members
9
Employees
2
Volunteers
27

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
4
$0
Total Directors
9
$1,680
Key Employees
2
$75,362
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Daniel Conklin President and Director 2.00
Officer Director
$0 $0 $0
Brigid Conklin Vice President and Director 6.00
Officer Director
$0 $0 $0
Kathryn Fry Secretary and Director term ended Dec 31 2024 2.00
Officer Director
$0 $0 $0
Judith Wagner Treasurer and Director term ended Dec 31 2024 7.00
Officer Director
$0 $0 $0
Carolyn Berry Director 2.00
Director
$1,680 $0 $1,680
Kathleen Butler Director 3.00
Director
$0 $0 $0
Elizabeth Greenlee Director 5.00
Director
$0 $0 $0
Amelia Myer Director 3.00
Director
$0 $0 $0
Elaine Scheideman Director 4.00
Director
$0 $0 $0
Bethany Nelson Executive Director 35.00
Key Emp
$65,362 $0 $65,362
Jamye St Romain Executive Director 35.00
Key Emp
$10,000 $0 $10,000
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 No data No data No data No data
2024 $256,063 $244,277 $452,022 $11,786
2023 $399,544 $213,519 $435,647 $186,025
2022 $273,892 $199,186 $246,270 $74,706
2021 $223,801 $211,494 $175,147 $12,307
2019 $209,663 $190,844 $163,348 $18,819
2018 $186,892 $182,142 $138,456 $4,750
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