NEW MEXICO RODEO ASSOCIATION

EIN: 850336784 501(c)(3) Recreation & Sports

MINEOLA, TX

Total Revenue
$96,319
Total Expenses
$119,572
Total Assets
N/A
Net Assets
N/A
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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
2004
Legal Domicile
TX
Principal Officer
JANICE ARAGON
Phone
5053664929
Tax Period
2022-01-01 to 2022-12-31

NEW MEXICO RODEO ASSOCIATION, founded in 2004, is a micro nonprofit in the Recreation & Sports sector that reported $96K in total revenue in fiscal year 2022. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $120K exceeded revenue, resulting in a 24% operating deficit.

Mission

NEW MEXICO RODEO ASSOCIATION PROVIDES WHOLESOME YOUTH AND ADULT CHRISTIAN RELATED RODEO ACTIVITIES WITH A FINALS COMPETITION BASED ON POINTS ACCUMULATION THROUGHOUT THE YEAR IN THE STATE OF NEW MEXICO

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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 (2022)

Revenue Breakdown

Contributions & Grants $96,319
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $96,319

Expense Breakdown

Grants Paid $0
Salaries & Benefits $17,220
Fundraising Expenses $0
Program Expenses $119,572
Other Expenses $97,632
TOTAL EXPENSES $119,572

Year-over-Year Comparison

2022 2021 Change
Revenue $96,319 $86,424 +0.1%
Expenses $119,572 $122,542 0.0%
Net Income $-23,253 $-36,118 -0.4%
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
12
Independent Members
12
Employees
N/A
Volunteers
58

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
2
$0
Total Directors
12
$0
Key Employees
10
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LANCE TOLBERT PRESIDENT N/A
Officer Director Key Emp
$0 $0 $0
JANICE ARAGON STATE SECRETARY N/A
Officer Director Key Emp Highest
$0 $0 $0
AMBER GILLREATH CENTRAL ENTRY SECRETARY N/A
Director Key Emp
$0 $0 $0
CODY HARRISON BULL RIDING DIRECTOR N/A
Director Key Emp
$0 $0 $0
ANDREW GALLOWAY STEER WRESTLING DIRECTOR N/A
Director Key Emp
$0 $0 $0
SHANE THURSTON JUDGES COORDINATOR N/A
Director Key Emp
$0 $0 $0
JEANETTE HAMILTON INC BARREL RACING DIRECTOR N/A
Director Key Emp
$0 $0 $0
TERESA GARCIA BREAKAWAY DIRECTOR N/A
Director Key Emp
$0 $0 $0
KELLY WAIDE BARREL RACING DIRECTOR N/A
Director Key Emp
$0 $0 $0
DEAN NIX INC TR DIRECTOR N/A
Director Key Emp
$0 $0 $0
CODY REDDEN INC TIE DOWN DIRECTOR N/A
Director
$0 $0 $0
JEREMY EBY TEAM ROPING DIRECTOR N/A
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
2022 $96,319 $119,572 No data $-23,253
2021 $86,424 $122,542 No data $-36,118
2020 $65,870 $36,737 No data $29,133
2019 $142,878 $116,949 $25,929 $25,929
2018 $84,318 $70,206 $27,097 $14,112
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