CHALLENGE NEW MEXICO (EIN 850264321) - 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

1958

Legal Domicile

Principal Officer

CARLOS CACERES

Tax Period

2022-07-01 to 2023-06-30

CHALLENGE NEW MEXICO, founded in 1958, is a small nonprofit that reported $164K in total revenue in fiscal year 2022. Revenue surged 193% from the prior year, signaling strong growth momentum. Expenses of $227K exceeded revenue, resulting in a 38% operating deficit.

Mission

CHALLENGE NEW MEXICO PROVIDES THERAPEUTIC SERVICES TO ADULTS AND YOUTH, INCLUDING PHYSICAL, SPEECH, OCCUPATIONAL AND BEHAVIORAL THERAPY, RESPITE, DAY HABILITATION, RECREATION AND ARTS, AND PERSONAL CARE; ALSO SUPPORTED AND ASSISTED LIVING SERVICES.

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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 (2022)

Revenue Breakdown

Contributions & Grants $163,775

Program Service Revenue $0

Investment Income $34

Other Revenue $0

TOTAL REVENUE $163,809

Expense Breakdown

Grants Paid $0

Salaries & Benefits $101,056

Fundraising Expenses $0

Program Expenses $226,766

Other Expenses $125,710

TOTAL EXPENSES $226,766

Year-over-Year Comparison

	2022	2021	Change
Revenue	$163,809	$55,876	+1.9%
Expenses	$226,766	$222,787	+0.0%
Net Income	$-62,957	$-166,911	-0.6%

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

N/A

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID PAUL	VICE PRESIDENT	6.00	Officer Director	$0	$0	$0
JULIE INGRAHAM	TREASURER	6.00	Officer Director	$0	$0	$0
CARLOS CACERES	PRESIDENT AND EXEC DIRECTO	40.00	Officer Director	$0	$0	$0
DEBORAH WEISS	DIRECTOR	4.00	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
2023	$163,809	$226,766	$636,836	$-62,957
2022	$55,876	$222,787	$701,062	$-166,911
2021	$510,586	$186,201	$867,584	$324,385
2020	$386,107	$216,448	$1,041,899	$169,659
2019	$120,148	$249,468	$875,416	$-129,320
2018	$82,630	$193,907	$502,203	$-111,277

CHALLENGE NEW MEXICO