ALBUQUERQUE INTERNATIONAL BALLOON … - 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

1976

Legal Domicile

Principal Officer

JULIE MORGAS-BACA

Phone

5058211000

Tax Period

2024-01-01 to 2024-12-31

ALBUQUERQUE INTERNATIONAL BALLOON FIESTA INC, founded in 1976, is a mid-sized nonprofit in the Recreation & Sports sector that reported $17.3M in total revenue in fiscal year 2024. Expenses of $15.5M left a modest 10% surplus.

Mission

ORGANIZE AND OPERATE ANNUAL HOT AIR BALLOON FIESTA KNOWN AS THE ALBUQUERQUE INTERNATIONAL BALLOON FIESTA, TO BRING ABOUT CIVIC BETTERMENTS AND SOCIAL IMPROVEMENTS, TO PROMOTE THE CITY OF ALBUQUERQUE NATIONALLY AND INTERNATIONALLY, AND TO AFFORD THE COMMUNITY RECREATIONAL AND ENTERTAINMENT OPPORTUNITIES.

Program Service Accomplishments

Program 1

Expenses: $12,767,894 Revenue: $16,773,697

ORGANIZE AND OPERATE THE ALBUQUERQUE INTERNATIONAL BALLOON FIESTA HELD FROM OCTOBER 5, 2024 THROUGH OCTOBER 15, 2024. ESTIMATED ATTENDANCE FOR THE EVENT WAS 838,337.

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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 $5,140

Program Service Revenue $14,999,061

Investment Income $489,841

Other Revenue $1,774,636

TOTAL REVENUE $17,268,678

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,732,756

Fundraising Expenses $0

Program Expenses $12,767,894

Other Expenses $13,794,721

TOTAL EXPENSES $15,527,477

Year-over-Year Comparison

	2024	2023	Change
Revenue	$17,268,678	$17,206,380	+0.0%
Expenses	$15,527,477	$14,851,701	+0.0%
Net Income	$1,741,201	$2,354,679	-0.3%

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

1078

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

$236,926

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NEIL JACKSON	PRESIDENT	2.20	Officer Director	$0	$0	$0
MARK SULLIVAN	VICE PRESIDENT	2.20	Officer Director	$0	$0	$0
GARY BENNETT	SECRETARY	2.20	Officer Director	$0	$0	$0
JEFF LAWRENCE	TREASURER	2.20	Officer Director	$0	$0	$0
JR ALLISON	DIRECTOR	2.20	Director	$0	$0	$0
TANIA ARMENTA	DIRECTOR	2.20	Director	$0	$0	$0
RAY BAIR	DIRECTOR	2.20	Director	$0	$0	$0
PEG BILLSON	DIRECTOR	2.20	Director	$0	$0	$0
JAY CZAR	DIRECTOR	2.20	Director	$0	$0	$0
JOHN C DAVIS IV	DIRECTOR	2.20	Director	$0	$0	$0
BARBARA FRICKE	DIRECTOR	2.20	Director	$0	$0	$0
JIM GARCIA	DIRECTOR	2.20	Director	$0	$0	$0
MATT GUTHRIE	DIRECTOR	2.20	Director	$0	$0	$0
STEVEN A KOMADINA MD	DIRECTOR	2.20	Director	$0	$0	$0
JERRY LOVATO	DIRECTOR	2.20	Director	$0	$0	$0
JJ MANCINI	DIRECTOR	2.20	Director	$0	$0	$0
RODNEY MAY	DIRECTOR	2.20	Director	$0	$0	$0
TOM MCCONNELL MD	DIRECTOR	2.20	Director	$0	$0	$0
RICHARD RICE	DIRECTOR	2.20	Director	$0	$0	$0
HARRY SEASON	DIRECTOR	2.20	Director	$0	$0	$0
JOHN R SENA	DIRECTOR	2.20	Director	$0	$0	$0
AL TETREAULT	DIRECTOR	2.20	Director	$0	$0	$0
BILL WALKER	DIRECTOR	2.20	Director	$0	$0	$0
TYLER YOUNG	DIRECTOR	2.20	Director	$0	$0	$0
PAUL R SMITH	EXECUTIVE DIRECTOR (THRU 8/24)	60.00	Officer	$180,003	$0	$180,003
JULIE MORGAS-BACA	EXECUTIVE DIRECTOR (AS OF 9/24)	60.00	Officer	$56,923	$0	$56,923
LISA M MULDER	MERCHANDISE MANAGER	50.00	Highest	$125,885	$5,035	$130,920
STEPHANIE PRENDERGAST	SPONSORSHIP SALES DIRECTOR	50.00	Highest	$110,964	$12,784	$123,748
SAM PARKS	DIRECTOR OF OPERATIONS	50.00	Highest	$103,333	$4,133	$107,466

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	$17,268,678	$15,527,477	$22,070,620	$1,741,201
2023	$17,206,380	$14,851,701	$18,064,476	$2,354,679
2022	$16,413,534	$13,616,036	$16,084,659	$2,797,498
2021	$13,246,865	$9,823,959	$13,518,280	$3,422,906
2020	$241,795	$2,240,774	$11,677,251	$-1,998,979
2019	$11,705,213	$10,582,412	$12,304,019	$1,122,801
2018	$11,035,784	$9,800,567	$10,542,901	$1,235,217

ALBUQUERQUE INTERNATIONAL BALLOON FIESTA INC