Workers Compensation Association of

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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

1989

Legal Domicile

Tax Period

2020-01-01 to 2020-12-31

Workers Compensation Association of, founded in 1989, is a micro nonprofit that reported $52K in total revenue in fiscal year 2020. Revenue fell 71% from the prior year — a significant decline worth monitoring. Expenses of $61K exceeded revenue, resulting in a 17% operating deficit.

Mission

The Workers Compensation Association of NM serves the workers compenstion community of NM by promoting educational meetings, seminars and conferences relating to the workers compensation issues.

Program Service Accomplishments

Program 1

Expenses: $54,176 Revenue: $45,954

Annual Workers Compensation Seminar: A two day seminar geared towards education and workshops related to workers compensation topics such as NM law, medical cost containment, early return to work...

Annual Workers Compensation Seminar: A two day seminar geared towards education and workshops related to workers compensation topics such as NM law, medical cost containment, early return to work programs, legal case discussions and others.

Program 2

Expenses: $6,914 Revenue: $2,765

Monthly Breakfeast Meeting: Attended by members and nonmembers up to 120. Used as a forum for discussion of issues related to the workers compensation field. Speakers are engaged for this function.

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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 (2020)

Revenue Breakdown

Contributions & Grants $3,650

Program Service Revenue $48,719

Investment Income $14

Other Revenue $0

TOTAL REVENUE $52,383

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $61,090

Other Expenses $61,090

TOTAL EXPENSES $61,090

Year-over-Year Comparison

	2020	2019	Change
Revenue	$52,383	$182,822	-0.7%
Expenses	$61,090	$198,006	-0.7%
Net Income	$-8,707	$-15,184	-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

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
Analisa Perez	Director at Large	0.00	Director	$0	$0	$0
Randy Anderson	Director at Large	0.00	Director	$0	$0	$0
Lisa Romero	Director at Large	0.00	Director	$0	$0	$0
Stephanie McCoy	Director at Large	0.00	Director	$0	$0	$0
Courtney Barela	Secretary	2.00	Officer	$0	$0	$0
Gary Beck	President	6.00	Officer	$0	$0	$0
Yahaira Romero	Treasurer	4.00	Officer	$0	$0	$0
Tomasita Maestas	Vice President	4.00	Officer	$0	$0	$0
Aurelia Barajas	Immediate Past President	2.00	Officer	$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
2020	$52,383	$61,090	$79,114	$-8,707
2019	$182,822	$198,006	$87,821	$-15,184
2018	$202,842	$208,883	$103,005	$-6,041