NATIONAL INSTITUTE OF FLAMENCO

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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

MARISOL ENCINIAS

Phone

5052427600

Tax Period

2024-07-01 to 2025-06-30

NATIONAL INSTITUTE OF FLAMENCO, founded in 1982, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.9M in total revenue in fiscal year 2024. Revenue surged 26% from the prior year, signaling strong growth momentum.

Mission

THE MISSION OF NIF IS TO PRESERVE AND PROMOTE FLAMENCO'S ARTISTRY, HISTORY, AND CULTURE BY PRESENTING THE FINEST FLAMENCO IN THE WORLD AND BY EDUCATING THE AMERICAN FAMILY IN THIS ART FORM WHILE EMPHASIZING THE POSITIVE INFLUENCE OF ART ON FAMILIES AND COMMUNITIES.

Program Service Accomplishments

Program 1

Expenses: $2,551,441 Revenue: $1,396,901

THE INSTITUTE, THROUGH ITS PROGRAMMING AND COLLABORATIONS, HAS TURNED ALBUQUERQUE INTO THE CENTER FOR FLAMENCO IN NORTH AMERICA. THE FLAGSHIP PROGRAM, FESTIVAL FLAMENCO ALBURQUERQUE, IS NOW IN ITS...

THE INSTITUTE, THROUGH ITS PROGRAMMING AND COLLABORATIONS, HAS TURNED ALBUQUERQUE INTO THE CENTER FOR FLAMENCO IN NORTH AMERICA. THE FLAGSHIP PROGRAM, FESTIVAL FLAMENCO ALBURQUERQUE, IS NOW IN ITS 38TH YEAR AND PROVIDES UNPARALLELED ARTISTIC AND EDUCATIONAL PROGRAMMING FOR YOUTH, FAMILIES, STUDENTS, AND PROFESSIONAL ARTISTS FROM NEW MEXICO AND AROUND THE WORLD. THE INSTITUTES PROFESSIONAL COMPANY, YJASTROS, CELEBRATED ITS 25TH ANNIVERSARY AND IS THE FLAMENCO DANCE COMPANY IN RESIDENCE AT THE UNIVERSITY OF NEW MEXICO DEPARTMENT OF THEATRE AND DANCE. YJASTROS PROVIDES EMPLOYMENT AND PROFESSIONAL DEVELOPMENT TO ITS FLAMENCO DANCERS AND MUSICIANS, AND THE COMPANY MEMBERS ALSO TEACH AND PROVIDE MENTORSHIP FOR STUDENTS AND YOUNGER APPRENTICE ARTISTS. THE INSTITUTES EDUCATION PROGRAMS INCLUDE FLAMENCO IN YOUR NEIGHBORHOOD STATEWIDE AND LOCAL OUTREACH CLASSES AND PERFORMANCES AND THE CONSERVATORY OF FLAMENCO ARTS, AS WELL AS THE CLASSES AND WORKSHOPS IN FESTIVAL FLAMENCO ALBURQUERQUE, FESTIVAL JUVENIL, AND FLAMENCO KIDS CAMP. IN 2016, THE INSTITUTE PARTNERED WITH HERITAGE HOTELS AND RESORTS TO CREATE AND OPEN TABLAO FLAMENCO ALBUQUERQUE, AN INTIMATE, TRADITIONAL VENUE WHERE IMPROVISED FLAMENCO PERFORMANCES OCCUR THREE EVENINGS A WEEK YEAR-ROUND.

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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 $1,485,216

Program Service Revenue $1,304,011

Investment Income $17,504

Other Revenue $124,233

TOTAL REVENUE $2,930,964

Expense Breakdown

Grants Paid $0

Salaries & Benefits $942,222

Fundraising Expenses $203,617

Program Expenses $2,551,441

Other Expenses $2,078,188

TOTAL EXPENSES $3,020,410

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,930,964	$2,323,160	+0.3%
Expenses	$3,020,410	$2,576,905	+0.2%
Net Income	$-89,446	$-253,745	-0.6%

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

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

$272,766

Total Directors

$128,317

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANNIE D'ORAZIO	DEPUTY EXEC	40.00	Officer	$72,460	$0	$72,460
N/A	FINANCE DIRE	40.00	Officer	$60,758	$0	$60,758
MARISOL ENCINIAS	EXECUTIVE DI	25.00	Officer Director	$55,800	$0	$55,800
EVA ENCINIAS	FOUNDER/INST	10.00	Officer Director	$39,567	$0	$39,567
JOAQUIN ENCINIAS	ARTISTIC DIR	10.00	Officer Director	$32,950	$0	$32,950
KEVIN CHAVEZ	FINANCE DIRE	40.00	Officer	$11,231	$0	$11,231
THERESA ARCHULETA	CHAIR	1.00	Officer Director	$0	$0	$0
RYAN CANGIOLOSI	DIRECTOR	1.00	Director	$0	$0	$0
BEVERLIE FRAZIER	DIRECTOR	1.00	Director	$0	$0	$0
DIEGO GALLEGOS	TREASURER	1.00	Officer Director	$0	$0	$0
ENRIQUE LAMADRID	DIRECTOR	1.00	Director	$0	$0	$0
MELE MARTINEZ	SECRETARY	1.00	Officer Director	$0	$0	$0
STEVEN MORIARTY	VICE CHAIR	1.00	Officer Director	$0	$0	$0
MARK TRUJILLO	DIRECTOR	1.00	Director	$0	$0	$0
JOSE VIRAMONTES	DIRECTOR	1.00	Director	$0	$0	$0
JAMES WARD	DIRECTOR	1.00	Director	$0	$0	$0
BIANCA O WERTHEIM	DIRECTOR	1.00	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
2025	$2,930,964	$3,020,410	$1,904,607	$-89,446
2024	$2,323,160	$2,576,905	$1,949,938	$-253,745
2023	$2,000,257	$2,448,465	$2,114,611	$-448,208
2022	$2,386,379	$1,820,678	$1,870,137	$565,701
2021	$925,793	$796,774	$1,256,299	$129,019
2020	$1,196,601	$415,507	$1,154,983	$781,094
2019	$1,628,014	$1,410,862	$353,116	$217,152
2018	$1,609,432	$1,403,400	$495,260	$206,032