CENTRAL NEW MEXICO COMMUNITY COLLEGE FOUNDATION INC (EIN 850338623) - 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

1985

Legal Domicile

Principal Officer

OLIVIA PADILLA-JACKSON

Phone

5052244685

Tax Period

2022-07-01 to 2023-06-30

CENTRAL NEW MEXICO COMMUNITY COLLEGE FOUNDATION INC, founded in 1985, is a community nonprofit that reported $1.5M in total revenue in fiscal year 2022. Revenue fell 30% from the prior year — a significant decline worth monitoring. Net assets of $14.2M represent 116 months of operating reserves.

Mission

THE CNM FOUNDATION IS COMMITTED TO THE PRINCIPLE THAT NO CENTRAL NEW MEXICO COMMUNITY COLLEGE STUDENT SHOULD BE DENIED THE OPPORTUNITY FOR AN EDUCATION OR VOCATIONAL TRAINING DUE SOLELY TO A LACK OF FINANCIAL RESOURCES. THE CNM FOUNDATION WORKS TO HELP CNM MEET ITS MISSION TO CREATE EDUCATIONAL OPPORTUNITIES AND COMMUNITY PARTNERSHIPS WHILE PURSUING A LEVEL OF COMMUNITY COLLEGE EXCELLENCE THAT IS WORTHY OF LOCAL AND NATIONAL RECOGNITION.

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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 $1,374,068

Program Service Revenue $0

Investment Income $86,399

Other Revenue $0

TOTAL REVENUE $1,460,467

Expense Breakdown

Grants Paid $1,215,230

Salaries & Benefits $0

Fundraising Expenses $87,510

Program Expenses $1,240,230

Other Expenses $219,110

TOTAL EXPENSES $1,434,340

Year-over-Year Comparison

	2022	2021	Change
Revenue	$1,460,467	$2,093,764	-0.3%
Expenses	$1,434,340	$1,328,535	+0.1%
Net Income	$26,127	$765,229	-1.0%

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

$925,008

Total Directors

$925,008

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEITH HARTNETT	PRESIDENT	0.30	Officer Director	$0	$0	$0
THOMAS BRIONES	PRESIDENT-ELECT	0.30	Officer Director	$0	$0	$0
ADRIAN CHAVEZ	PAST PRESIDENT	0.30	Officer Director	$0	$0	$0
CLINT WELLS	SECRETARY	36.00	Officer Director	$0	$26,150	$131,945
OLIVIA PADILLA-JACKSON	TREASURER	0.30	Officer Director	$0	$52,237	$239,387
TRACY HARTZLER	CNM PRESIDENT	0.30	Officer Director	$0	$56,180	$346,073
SAMANTHA SENGEL	VP WORKFORCE AND COMMUNITY	0.30	Officer Director	$0	$37,202	$207,603
MIKE MERTZ	CHAIR, DEVELOPMENT COMMITT	0.30	Officer Director	$0	$0	$0
STEVEN ANAYA	CHAIR - NOMINATING COMMITTEE	0.30	Officer Director	$0	$0	$0
PHILLIP PREVENDER	CHAIR - FINANCE & INVESTMENT	0.30	Officer Director	$0	$0	$0
ROSS BUSBY	MEMBER	0.30	Director	$0	$0	$0
KENT CRAVENS	MEMBER	0.30	Director	$0	$0	$0
MICHELLE DEARHOLT	MEMBER	0.30	Director	$0	$0	$0
LAURIE DONOVAN	MEMBER	0.30	Director	$0	$0	$0
KELLY FAMIGLIETTA	MEMBER	0.30	Director	$0	$0	$0
JOE FARR	MEMBER	0.30	Director	$0	$0	$0
FRANK GALLEGOS	MEMBER	0.30	Director	$0	$0	$0
ED GARCIA	MEMBER	0.30	Director	$0	$0	$0
MARK GORHAM	MEMBER	0.30	Director	$0	$0	$0
MEGAN HOLUBIAK	MEMBER	0.30	Director	$0	$0	$0
SHAD S JAMES	MEMBER	0.30	Director	$0	$0	$0
BARBARA LEWIS	MEMBER	0.30	Director	$0	$0	$0
WILLIAM MARTINEZ	MEMBER	0.30	Director	$0	$0	$0
KIRK MEYER	MEMBER	0.30	Director	$0	$0	$0
YOLANDA MONTANO-LOVATO	MEMBER	0.30	Director	$0	$0	$0
ERIN MUFFOLETTO	MEMBER	0.30	Director	$0	$0	$0
JESSICA SANCHEZ	MEMBER	0.30	Director	$0	$0	$0
JENNIFER SINSABAUGH	MEMBER	0.30	Director	$0	$0	$0
AMY TAPIA	MEMBER	0.30	Director	$0	$0	$0
JOSEPH VARRO JR	MEMBER	0.30	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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$1,460,467	$1,434,340	$15,327,149	$26,127
2022	$2,093,764	$1,328,535	$14,233,647	$765,229
2021	$2,438,283	$1,176,762	$15,765,417	$1,261,521
2020	$2,403,941	$1,483,388	$12,971,192	$920,553
2019	$1,809,842	$1,614,981	$11,989,377	$194,861
2018	$1,896,308	$1,161,145	$10,365,081	$735,163

CENTRAL NEW MEXICO COMMUNITY COLLEGE FOUNDATION INC