MILAGRO PROPERTIES OF LEA COUNTY I… - 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

1982

Legal Domicile

Principal Officer

DENNIS HOLMBERG

Phone

5753936168

Tax Period

2022-07-01 to 2023-06-30

MILAGRO PROPERTIES OF LEA COUNTY INC, founded in 1982, is a micro nonprofit that reported $47K in total revenue in fiscal year 2022. Revenue fell 74% from the prior year — a significant decline worth monitoring. Expenses of $117K exceeded revenue, resulting in a 149% operating deficit.

Mission

TO HOLD TITLE TO REAL AND PERSONAL PROPERTY, COLLECT INCOME FROM PROPERTY, AND DISTRIBUTE ALL EXCESS CASH TO 501(C)(3) ORGANIZATION.

Program Service Accomplishments

Program 1

HOLD TITLE TO REAL AND PERSONAL PROPERTY, COLLECT INCOME FROM PROPERTY, AND MAKE PERIODIC DISTRIBUTIONS OF EXCESS CASH TO THE GUIDANCE CENTER OF LEA COUNTY.

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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 $0

Program Service Revenue $46,935

Investment Income $72

Other Revenue $0

TOTAL REVENUE $47,007

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $116,861

TOTAL EXPENSES $116,861

Year-over-Year Comparison

	2022	2021	Change
Revenue	$47,007	$179,346	-0.7%
Expenses	$116,861	$126,702	-0.1%
Net Income	$-69,854	$52,644	-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

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
DENNIS HOLMBERG	PRESIDENT	1.00	Officer Director	$0	$0	$0
DIXIE VEJIL	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
JOE COTTON	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN ARNOLD	DIRECTOR	1.00	Director	$0	$0	$0
AUGUST FONS	DIRECTOR	1.00	Director	$0	$0	$0
SERGIO POLANCO	DIRECTOR	1.00	Director	$0	$0	$0
PAT TAYLOR	DIRECTOR	1.00	Director	$0	$0	$0
GLORIA MUNOZ	CFO	1.00	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
2023	$47,007	$116,861	$3,864,503	$-69,854
2022	$179,346	$126,702	$3,853,062	$52,644
2021	$159,336	$89,693	$3,896,660	$69,643
2020	$181,667	$128,856	$2,691,368	$52,811
2019	$166,778	$131,015	$2,758,010	$35,763
2018	$24,875	$150,221	$2,722,247	$-125,346

MILAGRO PROPERTIES OF LEA COUNTY INC