NEW MEXICO RURAL REHABILITATION CORPORATION (EIN 850210244) - 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

1933

Legal Domicile

Principal Officer

DREW OLMSTEAD

Phone

5052567649

Tax Period

2023-07-01 to 2024-06-30

NEW MEXICO RURAL REHABILITATION CORPORATION, founded in 1933, is a micro nonprofit that reported $63K in total revenue in fiscal year 2023. Revenue surged 72% from the prior year, signaling strong growth momentum. Expenses of $123K exceeded revenue, resulting in a 95% operating deficit.

Mission

PROVIDE FUNDING FOR DEVELOPMENT OF RURAL AREAS

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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 $0

Program Service Revenue $55,535

Investment Income $6,782

Other Revenue $939

TOTAL REVENUE $63,256

Expense Breakdown

Grants Paid $0

Salaries & Benefits $70,849

Fundraising Expenses $0

Program Expenses $119,676

Other Expenses $52,316

TOTAL EXPENSES $123,165

Year-over-Year Comparison

	2023	2022	Change
Revenue	$63,256	$36,863	+0.7%
Expenses	$123,165	$156,788	-0.2%
Net Income	$-59,909	$-119,925	-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

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

$60,000

Total Directors

$60,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GERALD MARTINEZ	DIRECTOR	1.00	Director	$0	$0	$0
LINDA STOVER	SECRETARY	1.00	Officer Director	$0	$0	$0
DREW OLMSTEAD	EXECUTIVE DIRECTOR	40.00	Officer Director	$60,000	$0	$60,000
RICK VOEKS	PRESIDENT	1.00	Officer Director	$0	$0	$0
LOUIS DE SANTOS	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0

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	$63,256	$123,165	$1,772,454	$-59,909
2023	$36,863	$156,788	$1,879,852	$-119,925
2022	$33,784	$116,924	$2,000,002	$-83,140
2021	$53,479	$178,475	$2,062,984	$-124,996
2020	$55,798	$130,934	$2,214,912	$-75,136
2019	$68,238	$126,467	$2,300,356	$-58,229

NEW MEXICO RURAL REHABILITATION CORPORATION