NEW MEXICO HOSPITAL EDUCATION AND … - Form 990 Financial Data

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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

1987

Legal Domicile

Principal Officer

TROY CLARK

Phone

5053430070

Tax Period

2023-01-01 to 2023-12-31

NEW MEXICO HOSPITAL EDUCATION AND RESEARCH FOUNDATION, founded in 1987, is a small nonprofit that reported $311K in total revenue in fiscal year 2023. Revenue fell 30% from the prior year — a significant decline worth monitoring. Expenses of $417K exceeded revenue, resulting in a 34% operating deficit.

Mission

TO PROMOTE HEALTH CARE EDUCATION AND RESEARCH TO BENEFIT HEALTH CARE PROVIDERS AND COMMUNITIES IN NEW MEXICO.

Program Service Accomplishments

Program 1

Expenses: $358,882

THE FOUNDATION HAS ENTERED INTO SUBCONTRACTS WITH HEALTH RESEARCH AND EDUCATIONAL TRUST, A CONTRACTOR WITH THE CENTERS FOR MEDICARE AND MEDICAID SERVICES, AND A CONTRACTOR WITH THE AGENCY FOR...

THE FOUNDATION HAS ENTERED INTO SUBCONTRACTS WITH HEALTH RESEARCH AND EDUCATIONAL TRUST, A CONTRACTOR WITH THE CENTERS FOR MEDICARE AND MEDICAID SERVICES, AND A CONTRACTOR WITH THE AGENCY FOR HEALTHCARE RESEARCH AND QUALITY, TO IMPLEMENT PROJECTS DESIGNED TO PROVIDE TECHNICAL ASSISTANCE, TRAINING EVENTS,AND LEARNING SESSIONS FOR HOSPITALS TO REDUCE HARM AND COMPLICATIONS TO PATIENTS.

Program 2

Expenses: $44,389

THE FOUNDATION ENTERED INTO A CONTRACT WITH THE NEW MEXICO DEPARTMENT OF HEALTH (DOH) TO PROVIDE ASSISTANCE TO SUPPORT CRITICAL ACCESS HOSPITALS IN THEIR CONTINUED SHARED ACCOUNTABILITY OF PATIENT...

THE FOUNDATION ENTERED INTO A CONTRACT WITH THE NEW MEXICO DEPARTMENT OF HEALTH (DOH) TO PROVIDE ASSISTANCE TO SUPPORT CRITICAL ACCESS HOSPITALS IN THEIR CONTINUED SHARED ACCOUNTABILITY OF PATIENT SAFETY, OVERSEE AND SUPPORT NETWORKING OF HOSPITAL QUALITY DIRECTORS, AND FOCUS IMPROVEMENTS IN NATIONALLY ACCEPTED QUALITY INDICATORS FOR ALL OF THE SMALL RURAL HOSPITALS IN NEW MEXICO.

Program 3

PROVIDE TECHNICAL ASSISTANCE, TRAINING EVENTS, SITE VISITS, AND LEARNING SESSIONS FOR HOSPITALS TO REDUCE HARM AND COMPLICATIONS TO PATIENTS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $311,035

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $311,035

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $403,271

Other Expenses $416,869

TOTAL EXPENSES $416,869

Year-over-Year Comparison

	2023	2022	Change
Revenue	$311,035	$444,018	-0.3%
Expenses	$416,869	$392,128	+0.1%
Net Income	$-105,834	$51,890	-3.0%

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

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

$533,766

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KATE BECKER	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTINA CAMPOS	DIRECTOR	1.00	Director	$0	$0	$0
TIM JOHNSEN	DIRECTOR	1.00	Director	$0	$0	$0
DERRICK JONES	DIRECTOR	1.00	Director	$0	$0	$0
SABRINA MARTIN	DIRECTOR	1.00	Director	$0	$0	$0
DAVID SHAW	DIRECTOR	1.00	Director	$0	$0	$0
KAYE GREENE	DIRECTOR	1.00	Director	$0	$0	$0
TAMMIE STUMP	DIRECTOR	1.00	Director	$0	$0	$0
JOHN HARRIS	DIRECTOR	1.00	Director	$0	$0	$0
NANCY LASTER	EX-OFFICIO D	1.00	Director	$0	$0	$0
TERESA BECKER	EX-OFFICIO D	1.00	Director	$0	$0	$0
LILLIAN MONTOYA	CHAIR	1.00	Officer Director	$0	$0	$0
TODD OBERHEU	CHAIR ELECT	1.00	Officer Director	$0	$0	$0
WARREN YEHL	SECRETARY-TR	1.00	Officer Director	$0	$0	$0
JAMIE SILVA-STEELE	PAST CHAIRMA	1.00	Officer Director	$0	$0	$0
JIM HECKERT	AHA DELEGATE	1.00	Officer Director	$0	$0	$0
TROY CLARK	PRES/CEO	5.00	Officer	$0	$80,810	$533,766

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
2024	No data	No data	No data	No data
2023	$311,035	$416,869	$415,895	$-105,834
2022	$444,018	$392,128	$474,075	$51,890
2021	$308,799	$306,894	$415,019	$1,905
2020	$1,558,460	$1,528,920	$426,481	$29,540
2019	$623,091	$544,725	$412,230	$78,366
2018	$790,178	$685,007	$452,027	$105,171

NEW MEXICO HOSPITAL EDUCATION AND RESEARCH FOUNDATION