NEW MEXICO HEALTH CARE ASSOCIATION

EIN: 850299106

ALBUQUERQUE, NM

Total Revenue
$1,281,392
Total Expenses
$1,253,780
Total Assets
$1,913,508
Net Assets
$1,581,486
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1954
Legal Domicile
NM
Principal Officer
VINCENTE VARGAS
Phone
5058801088
Tax Period
2024-01-01 to 2024-12-31

NEW MEXICO HEALTH CARE ASSOCIATION, founded in 1954, is a community nonprofit that reported $1.3M in total revenue in fiscal year 2024. Revenue grew 16% year-over-year, indicating healthy expansion.

Mission

GAINING PUBLIC RECOGNITION OF SERVICES PROVIDED BY THE LONG-TERM CARE INDUSTRY. PROVIDE EDUCATION TO LONG-TERM CARE PROVIDERS. REPRESENT MEMBERS IN LEGISLATIVE AND REGULATORY AREAS. DEVELOPMENT & IMPLEMENTATION OF INDUSTRY 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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $1,064,630
Investment Income $70,073
Other Revenue $146,689
TOTAL REVENUE $1,281,392

Expense Breakdown

Grants Paid $0
Salaries & Benefits $605,575
Fundraising Expenses $0
Other Expenses $648,205
TOTAL EXPENSES $1,253,780

Year-over-Year Comparison

2024 2023 Change
Revenue $1,281,392 $1,108,161 +0.2%
Expenses $1,253,780 $1,137,187 +0.1%
Net Income $27,612 $-29,026 -2.0%
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
6
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
4
$189,013
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
VINCENTE VARGAS EXECUTIVE DI 40.00
Officer
$189,013 $0 $189,013
MICAH HEROLD PRESIDENT 2.50
Officer Director
$0 $0 $0
GERALD HAMILTON VICE PRESIDE 2.50
Officer Director
$0 $0 $0
MARK SCHINNERER SECRETARY/TR 2.50
Officer Director
$0 $0 $0
DAVID GARETZ DIRECTOR AT 2.50
Director
$0 $0 $0
MELISSA MARTINEZ DIRECTOR AT 2.50
Director
$0 $0 $0
NIGEL WILLIAMS DIRECTOR AT 2.50
Director
$0 $0 $0
DAVE ARMIJO DIRECTOR AT 2.50
Director
$0 $0 $0
KARL HERNANDEZ DIRECTOR AT 2.50
Director
$0 $0 $0
DOYLE HARRIS DIRECTOR AT 2.50
Director
$0 $0 $0
JODY KNOX DIRECTOR AT 2.50
Director
$0 $0 $0
DONALD WILSON DIRECTOR AT 2.50
Director
$0 $0 $0
MICHAEL JACOBS PAST PRESIDE 2.50
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 $1,281,392 $1,253,780 $1,913,508 $27,612
2023 $1,123,358 $1,094,484 $1,782,877 $28,874
2023 $1,108,161 $1,137,187 $1,770,587 $-29,026
2022 $1,582,427 $1,186,126 $1,915,777 $396,301
2022 $1,581,885 $1,178,879 $1,729,318 $403,006
2021 $1,021,984 $1,023,469 $1,326,930 $-1,485
2020 $1,536,219 $1,531,435 $1,524,031 $4,784
2019 $1,207,038 $1,077,584 $1,520,670 $129,454
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