NEW MEXICO STUDENT LOAN GUARANTEE CORPORATION (EIN 850291314) - 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

1981

Legal Domicile

Principal Officer

BRAD ALLPASS

Tax Period

2023-10-01 to 2024-09-30

NEW MEXICO STUDENT LOAN GUARANTEE CORPORATION, founded in 1981, is a community nonprofit that reported $1.6M in total revenue in fiscal year 2023. Revenue fell 71% from the prior year — a significant decline worth monitoring. Expenses of $2.2M exceeded revenue, resulting in a 40% operating deficit.

Mission

NEW MEXICO STUDENT LOAN GUARANTEE CORPORATION IS AN ORGANIZATION PROVIDING QUALITY FINANCIAL SERVICES & CULTIVATING STRONG PROFESSIONAL RELATIONSHIPS TO ENCOURAGE & ASSIST IN THE PURSUIT OF HIGHER EDUCATION, THUS ENHANCING THE QUALITY OF LIFE & FUTURE SUCCESS OF OUR STAKEHOLDERS.

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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 $1,172,226

Investment Income $393,719

Other Revenue $0

TOTAL REVENUE $1,565,945

Expense Breakdown

Grants Paid $0

Salaries & Benefits $915,866

Fundraising Expenses $0

Program Expenses $993,300

Other Expenses $1,279,463

TOTAL EXPENSES $2,195,329

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,565,945	$5,481,016	-0.7%
Expenses	$2,195,329	$5,055,415	-0.6%
Net Income	$-629,384	$425,601	-2.5%

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

$712,695

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRAD ALLPASS	PRESIDENT	10.00	Officer	$0	$23,482	$231,958
REGINALD STORMENT	LEGAL COUNSEL	10.00	Highest	$0	$28,017	$191,622
GRACE TACKMAN	ASST VP OF HUMAN RESOURCES	10.00	Officer	$0	$32,923	$179,607
ESTEVAN MARTINEZ	ASST VP OF IT	10.00	Officer	$0	$18,873	$160,263
TRACY ROWE	TREASURER	10.00	Officer	$0	$24,444	$140,867
RYAN TROSPER	DIRECTOR	2.00	Director	$0	$0	$0
VAL ALONZO	DIRECTOR	2.00	Director	$0	$0	$0
ALEXANDER HEUBECK	DIRECTOR	2.00	Director	$0	$0	$0
ROBERT GABALDON	DIRECTOR	2.00	Director	$0	$0	$0
BROCK DARNELL	DIRECTOR	2.00	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
2024	$1,565,945	$2,195,329	$14,819,035	$-629,384
2023	$5,481,016	$5,055,415	$15,216,077	$425,601
2022	$8,869,305	$6,949,884	$13,741,914	$1,919,421
2021	$3,044,592	$6,390,238	$15,866,075	$-3,345,646
2020	$4,428,008	$3,904,638	$15,959,895	$523,370
2019	$4,686,015	$3,534,681	$15,686,375	$1,151,334
2018	$2,174,237	$2,764,703	$13,575,389	$-590,466

NEW MEXICO STUDENT LOAN GUARANTEE CORPORATION