NEW MEXICO FIRST (EIN 850350387) - 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

1986

Legal Domicile

Principal Officer

HEATHER BALAS

Phone

5057153693

Tax Period

2024-07-01 to 2025-06-30

NEW MEXICO FIRST, founded in 1986, is a micro nonprofit that reported $12K in total revenue in fiscal year 2024. Revenue fell 80% from the prior year — a significant decline worth monitoring. Expenses of $298K exceeded revenue, resulting in a 2334% operating deficit.

Mission

THE MISSION OF NEW MEXICO FIRST IS TO BE A NONPARTISAN CATALYST FOR POSITIVE CHANGE BY CONDUCTING INDEPENDENT RESEARCH, ENGAGING NEW MEXICANS IN POLICY, AND ENABLING ACTION.

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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 $0

Program Service Revenue $0

Investment Income $11,983

Other Revenue $250

TOTAL REVENUE $12,233

Expense Breakdown

Grants Paid $256,796

Salaries & Benefits $6,699

Fundraising Expenses $0

Program Expenses $256,796

Other Expenses $34,304

TOTAL EXPENSES $297,799

Year-over-Year Comparison

	2024	2023	Change
Revenue	$12,233	$62,672	-0.8%
Expenses	$297,799	$271,216	+0.1%
Net Income	$-285,566	$-208,544	+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

Volunteers

N/A

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
HEATHER BALAS	CHAIR	2.00	Officer Director	$0	$0	$0
MARCUS MIMS	TREASURER	2.00	Officer Director	$0	$0	$0
NICHOLE ROGERS	SECRETARY	2.00	Officer Director	$0	$0	$0
BARBARA BRAZIL	VICE CHAIR,	0.00	Officer Director	$0	$0	$0
MELISSA TOLEDO-ONTIVEROS	VICE CHAIR,	0.00	Officer Director	$0	$0	$0
MARTHA ROMERO	VICE CHAIR,	0.00	Officer Director	$0	$0	$0
MICHAEL BARNDOLLAR	DIRECTOR	0.00	Director	$0	$0	$0
ROB BLACK	DIRECTOR	0.00	Director	$0	$0	$0
DONALD LOPEZ	DIRECTOR	0.00	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	$12,233	$297,799	$42,545	$-285,566
2024	$62,672	$271,216	$341,094	$-208,544
2023	$203,490	$477,690	$559,428	$-274,200
2022	$569,223	$615,236	$913,120	$-46,013
2021	$810,924	$656,498	$1,109,340	$154,426
2020	$698,728	$645,012	$936,760	$53,716

NEW MEXICO FIRST