NEW MEXICO RODEO ASSOCIATION

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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

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

Program Service Accomplishments

Program 1

Expenses: $119,572 Revenue: $96,319

. NEW MEXICO RODEO ASSOCIATION CONTINUES TO PROVIDE A CHRISTIAN ENVIRONMENT, YOUTH AND ADULT RODEO PROGRAM,THAT SHCEDULES COMPETITIONS IN SPECIAL EVENTS. THE PROGRAM HAS FOLLOWED THE PROVEN SUCESSFUL GOALS IN THE ORIGINAL MISSION STATEMENT. THE NEW MEXICO RODEO ASSOCIATION HAS NOT MADE ANY SIGNIFICANT CHANGES TO THESE IMPORTANT GOALS SET FORTH IN THE MISSION STATEMENT.

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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 $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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

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

Total Directors

Key Employees

Highest Compensated

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