New Mexico Association for Home and (EIN 850313672) - 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

1972

Legal Domicile

Principal Officer

Laurie Cochrane

Phone

5052819731

Tax Period

2024-01-01 to 2024-12-31

New Mexico Association for Home and, founded in 1972, is a small nonprofit that reported $404K in total revenue in fiscal year 2024. Expenses of $380K left a modest 6% surplus.

Mission

The organization serves its membership through advocacy, networking, education, and communication by promoting success and best practices for home care, hospice, and related home health support services.

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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 (2024)

Revenue Breakdown

Contributions & Grants $273,266

Program Service Revenue $110,740

Investment Income $20,408

Other Revenue $0

TOTAL REVENUE $404,414

Expense Breakdown

Grants Paid $66,000

Salaries & Benefits $0

Fundraising Expenses $24,366

Program Expenses $244,091

Other Expenses $308,352

TOTAL EXPENSES $379,752

Year-over-Year Comparison

	2024	2023	Change
Revenue	$404,414	$375,163	+0.1%
Expenses	$379,752	$327,903	+0.2%
Net Income	$24,662	$47,260	-0.5%

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

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
David Rodriguez	Member at Large	1.00	Director	$0	$0	$0
Amy Corbin	Director	1.00	Director	$0	$0	$0
Phil Cowles	Director	1.00	Director	$0	$0	$0
Alberta Farrell	Director	1.00	Director	$0	$0	$0
Marti Licon	Director	1.00	Director	$0	$0	$0
Joyce Munoz	Treasurer	1.00	Officer Director	$0	$0	$0
Twila Rutter	Director	1.00	Director	$0	$0	$0
Reynold Bunzel	Director	1.00	Director	$0	$0	$0
Vince Moffitt	Past President	1.00	Officer	$0	$0	$0
Laurie Cochrane	President	1.00	Officer	$0	$0	$0
Elizabeth Ross	President Elect	1.00	Officer	$0	$0	$0
Waymond Morris	Secretary	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
2024	$404,414	$379,752	$355,382	$24,662
2023	$375,163	$327,903	$252,674	$47,260
2022	$373,711	$396,876	$217,586	$-23,165
2021	$297,937	$306,755	$261,905	$-8,818
2020	$279,353	$281,628	$271,721	$-2,275
2019	$300,510	$337,650	$260,271	$-37,140
2018	$340,938	$355,764	$289,634	$-14,826

New Mexico Association for Home and