APARTMENT ASSOCIATION OF NEW MEXICO

EIN: 850267988

ALBUQUERQUE, NM

Total Revenue
$725,255
Total Expenses
$839,146
Total Assets
$528,463
Net Assets
$328,389
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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
1979
Legal Domicile
NM
Principal Officer
BOBBY GRIFFITH
Phone
5058221114
Tax Period
2023-01-01 to 2023-12-31

APARTMENT ASSOCIATION OF NEW MEXICO, founded in 1979, is a small nonprofit that reported $725K in total revenue in fiscal year 2023. Revenue decreased 10% compared to the prior year. Expenses of $839K exceeded revenue, resulting in a 16% operating deficit.

Mission

TO PROVIDE A WIDE RANGE OF SPECIALIZED SERVICES AND ACTIVITIES WITHIN THE RENTAL HOUSING INDUSTRY OF THE STATE OF NEW MEXICO TO ADDRESS INDUSTRY NEEDS, INTERESTS, AND ISSUES ON A CONTINUING BASIS AND TO ADVOCATE AND PROMOTE HIGH PROFFESIONAL STANDARDS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $364,139
Program Service Revenue $123,626
Investment Income $8,821
Other Revenue $228,669
TOTAL REVENUE $725,255

Expense Breakdown

Grants Paid $0
Salaries & Benefits $280,116
Fundraising Expenses $107,445
Other Expenses $559,030
TOTAL EXPENSES $839,146

Year-over-Year Comparison

2023 2022 Change
Revenue $725,255 $807,467 -0.1%
Expenses $839,146 $722,004 +0.2%
Net Income $-113,891 $85,463 -2.3%
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

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Governance

Voting Members
12
Independent Members
12
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
2
$0
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
HEATHER BLACKHURST DIRECTOR N/A
Director
$0 $0 $0
KRISTIN CRUTCHFIELD DIRECTOR N/A
Director
$0 $0 $0
STEVE GRANT DIRECTOR N/A
Director
$0 $0 $0
WILLIAM HUEPPAUFF DIRECTOR N/A
Director
$0 $0 $0
ROSE JASLER DIRECTOR N/A
Director
$0 $0 $0
ANNA LOPEZ DIRECTOR N/A
Director
$0 $0 $0
BRIAN PATTERSON DIRECTOR N/A
Director
$0 $0 $0
JOSHUA SMITH TREASURER N/A
Director
$0 $0 $0
KARIE TAYLOR DIRECTOR N/A
Director
$0 $0 $0
CHRISTOPHER WALLACE DIRECTOR N/A
Director
$0 $0 $0
DALLY WARD DIRECTOR N/A
Director
$0 $0 $0
BOBBY GRIFFITH PRESIDENT & N/A
Officer
$0 $0 $0
GENE VANCE LEGAL COUNSE N/A
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 No data No data No data No data
2023 $725,255 $839,146 $528,463 $-113,891
2022 $807,467 $722,004 $704,299 $85,463
2021 $690,040 $679,111 $368,098 $10,929
2020 $662,295 $503,114 $380,614 $159,181
2019 $258,792 $422,989 $266,603 $-164,197
2018 $496,663 $344,681 $372,138 $151,982
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