NEW MEXICO BOYS & GIRLS RANCH FOUNDATION INC

EIN: 850328251 501(c)(3) Human Services

ALBUQUERQUE, NM

Total Revenue
$265,603
Total Expenses
$615,448
Total Assets
$5,346,487
Net Assets
$5,120,687
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1944
Legal Domicile
NM
Principal Officer
MIKELA KULL
Phone
5058813363
Tax Period
2023-07-01 to 2024-06-30

NEW MEXICO BOYS & GIRLS RANCH FOUNDATION INC, founded in 1944, is a small nonprofit in the Human Services sector that reported $266K in total revenue in fiscal year 2023. Revenue fell 55% from the prior year — a significant decline worth monitoring. Expenses of $615K exceeded revenue, resulting in a 132% operating deficit.

Mission

NONPROFIT CORPORATION THAT PROVIDES INVESTMENT FUND MANAGEMENT, FUNDRAISING AND FINANCIAL SUPPORT TO THE NEW MEXICO BOYS AND GIRLS RANCHES, INC. (THE RANCHES), ANOTHER 501(C)(3) ORGANIZATION.

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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 (2023)

Revenue Breakdown

Contributions & Grants $25,862
Program Service Revenue $0
Investment Income $46,319
Other Revenue $193,422
TOTAL REVENUE $265,603

Expense Breakdown

Grants Paid $3,733
Salaries & Benefits $353,773
Fundraising Expenses $259,114
Program Expenses $97,846
Other Expenses $257,942
TOTAL EXPENSES $615,448

Year-over-Year Comparison

2023 2022 Change
Revenue $265,603 $585,229 -0.5%
Expenses $615,448 $541,971 +0.1%
Net Income $-349,845 $43,258 -9.1%
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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Governance

Voting Members
8
Independent Members
8
Employees
11
Volunteers
8

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
6
$194,281
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAN COVER CHAIR 2.50
Officer Director
$0 $0 $0
LINDA YATES VICE CHAIR 2.50
Officer Director
$0 $0 $0
TOMMY SANDERS SECRETARY 2.50
Officer Director
$0 $0 $0
NICK COSTALES DIRECTOR 2.50
Director
$0 $0 $0
D MCCALL DIRECTOR 2.50
Director
$0 $0 $0
ALLEN LEWIS DIRECTOR 2.50
Director
$0 $0 $0
DAVID HARTENBOWER DIRECTOR 2.50
Director
$0 $0 $0
MARIA RIVERA DIRECTOR 2.50
Director
$0 $0 $0
HEATH KULL DEC'D 07292023 PRESIDENT 70.00
Officer
$60,851 $6,126 $66,977
MIKELA KULL PRESIDENT 14.00
Officer
$61,518 $5,472 $66,990
DAWN GOODRUM CONTROLLER 11.25
Officer
$52,668 $7,646 $60,314
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
2025 No data No data No data No data
2024 $265,603 $615,448 $5,346,487 $-349,845
2023 $585,229 $541,971 $4,574,999 $43,258
2022 $90,768 $794,378 $4,947,066 $-703,610
2021 $565,568 $1,715,214 $5,700,102 $-1,149,646
2020 $2,066,646 $1,614,075 $5,612,150 $452,571
2019 $1,888,087 $2,008,855 $5,222,656 $-120,768
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