New Mexico Laborers Training Trust Fund (EIN 850230373) - 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

1976

Legal Domicile

Phone

5052963631

Tax Period

2023-09-01 to 2024-08-31

New Mexico Laborers Training Trust Fund, founded in 1976, is a small nonprofit that reported $594K in total revenue in fiscal year 2023. Revenue surged 22% from the prior year, signaling strong growth momentum. The organization ran a surplus of $139K, a strong 23% operating margin.

Mission

To provide employment referral, refresher courses, and certifications for its members.

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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 $530,321

Investment Income $64,153

Other Revenue $0

TOTAL REVENUE $594,474

Expense Breakdown

Grants Paid $0

Salaries & Benefits $235,091

Fundraising Expenses $0

Program Expenses $364,391

Other Expenses $220,396

TOTAL EXPENSES $455,487

Year-over-Year Comparison

	2023	2022	Change
Revenue	$594,474	$488,776	+0.2%
Expenses	$455,487	$437,388	+0.0%
Net Income	$138,987	$51,388	+1.7%

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

N/A

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

Total Directors

$74,408

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES A VIGIL	Director	40.00	Director	$74,408	$0	$74,408
JASON CHAVEZ	Trustee	4.00	Director	$0	$0	$0
DARRELL DEAGUERO	Trustee	4.00	Director	$0	$0	$0
JOSEPH GRISTY	Trustee	4.00	Director	$0	$0	$0
ED SIMS	Trustee	4.00	Director	$0	$0	$0
MICHAEL ESPINOSA	Trustee	4.00	Director	$0	$0	$0
CHARLIE WATSON	Trustee	4.00	Director	$0	$0	$0
PATRICK THOMAS	Trustee	4.00	Director	$0	$0	$0
JOSE ATENCIO	Chairman	4.00	Officer	$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
2024	$594,474	$455,487	$2,743,323	$138,987
2023	$488,776	$437,388	$2,601,587	$51,388
2022	$363,378	$380,741	$2,561,927	$-17,363
2021	$514,388	$353,108	$2,573,387	$161,280
2020	$431,172	$362,721	$2,576,263	$68,451
2019	$366,389	$381,487	$2,532,052	$-15,098
2018	$390,193	$369,707	$2,560,233	$20,486

New Mexico Laborers Training Trust Fund