NEW MEXICO INDEPENDENT AUTOMOBILE … - 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

1962

Legal Domicile

Principal Officer

MARC P POWELL

Phone

5052320809

Tax Period

2023-01-01 to 2023-12-31

NEW MEXICO INDEPENDENT AUTOMOBILE DEALERS ASSOCIATION, founded in 1962, is a small nonprofit that reported $637K in total revenue in fiscal year 2023. Revenue fell 26% from the prior year — a significant decline worth monitoring. Expenses of $554K left a modest 13% surplus.

Mission

SERVE AUTO DEALER MEMBERS PROVIDING EDUCATION ON GOVERNMENT REQUIREMENTS & APPROPRIATE FORMS & PERMITS; BI-MONTHLY NEWSLETTER; PROMOTE INDUSTRY STANDARDS & QUALITY; PROVIDE STATE OF NM MOTOR VEHICLE DEPARTMENT APPROVED FORMS.

Program Service Accomplishments

Program 1

ANNUAL NM CONVENTION FOR MEMBERS PROVIDING EDUCATIONAL OPPORTUNITIES FOR DEALERS FROM NM FEATURED SPEAKERS ON VARIOUS ASPECTS OF THE INDUSTRY INCLUDING STRENGTHENING DEALER RELATIONS WITH THE NM...

ANNUAL NM CONVENTION FOR MEMBERS PROVIDING EDUCATIONAL OPPORTUNITIES FOR DEALERS FROM NM FEATURED SPEAKERS ON VARIOUS ASPECTS OF THE INDUSTRY INCLUDING STRENGTHENING DEALER RELATIONS WITH THE NM MOTOR VEHICLE DEPARTMENT AND EMPHASIS ON BEST PRACTICES. VENDOR BOOTHS AND EXHIBITS WITH INFORMATION ON TECHNOLOGY, FINANCING, LEGAL, INSURANCE AND OTHER ASPECTS RELATED TO THE INDUSTRY.

Program 2

BI-MONTHLY NEWSLETTER PROVIDING ARTICLES RELATED TO COMPLIANCE, LEGAL, LEGISLATIVE, REGULATORY MATTERS, OPPORTUNITIES FOR UPDATES & EDUCATION RELATED TO COMPLIANCE, ACCOUNTING PRACTICES IN THE...

BI-MONTHLY NEWSLETTER PROVIDING ARTICLES RELATED TO COMPLIANCE, LEGAL, LEGISLATIVE, REGULATORY MATTERS, OPPORTUNITIES FOR UPDATES & EDUCATION RELATED TO COMPLIANCE, ACCOUNTING PRACTICES IN THE INDUSTRY, MARKETING & PROMOTION, FINANCING, COMPLIANCE BEST PRACTICES, FORM USE, PRODUCT KNOWLEDGE AND TO PROVIDE INFORMATION GARNERED FROM NATIONAL CONVENTIONS OF OTHER ORGANIZATIONS WITH SIMILAR INTEREST AND CONCERNS.

Program 3

PRE-LICENSING SEMINARS FOR INDVIIDUALS WANTING TO BECOME A DEALER, CONTINUING EDUCATION SEMINARS INCLUDING COMPLIANCE WITH THE FEDERAL TRADE COMMISSION RED FLAG RULES.

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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 $50

Program Service Revenue $442,058

Investment Income $90,119

Other Revenue $104,580

TOTAL REVENUE $636,807

Expense Breakdown

Grants Paid $13,750

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $540,051

TOTAL EXPENSES $553,801

Year-over-Year Comparison

	2023	2022	Change
Revenue	$636,807	$864,040	-0.3%
Expenses	$553,801	$734,072	-0.2%
Net Income	$83,006	$129,968	-0.4%

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

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

$204,702

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEDA CRADDICK	BOARD CHAIR UNTIL 12/31/2024	4.00	Officer Director	$0	$0	$0
ROBERT MARTINEZ	PRESIDENT	4.00	Officer Director	$0	$0	$0
LUIS SOTO	VICE PRESIDENT	4.00	Officer Director	$0	$0	$0
MARK BECKER	TREASURER	4.00	Officer Director	$0	$0	$0
CARLOS BAZO	DIRECTOR	2.00	Director	$0	$0	$0
DANIEL CORDOVA	DIRECTOR	2.00	Director	$0	$0	$0
LISA ENOS	DIRECTOR	2.00	Director	$0	$0	$0
DANIEL LANG	DIRECTOR	2.00	Director	$0	$0	$0
MIKE PETERS	DIRECTOR	2.00	Director	$0	$0	$0
CHRIS RANGEL	DIRECTOR	2.00	Director	$0	$0	$0
REESE SPOFFORD	DIRECTOR	2.00	Director	$0	$0	$0
ANNA VIECK	DIRECTOR	2.00	Director	$0	$0	$0
SUSAN WHEELER	DIRECTOR	2.00	Director	$0	$0	$0
MARC P POWELL	EXECUTIVE DIRECTOR	15.00	Officer	$0	$3,486	$204,702

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	$636,807	$553,801	$1,275,911	$83,006
2022	$864,040	$734,072	$1,131,899	$129,968
2021	$365,345	$315,660	$1,110,799	$49,685
2020	$357,831	$234,026	$853,821	$123,805
2019	$464,702	$359,321	$638,786	$105,381

NEW MEXICO INDEPENDENT AUTOMOBILE DEALERS ASSOCIATION