NEW MEXICO PHI EDUCATION INC

EIN: 850384057 Education

ALBUQUERQUE, NM

Total Revenue
$387,199
Total Expenses
$28
Total Assets
$388,411
Net Assets
$388,411
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2021
Legal Domicile
NM
Principal Officer
JOHN L JONES
Phone
5056043456
Tax Period
2023-01-01 to 2023-12-31

NEW MEXICO PHI EDUCATION INC, founded in 2021, is a small nonprofit in the Education sector that reported $387K in total revenue in fiscal year 2023. The organization ran a surplus of $387K, a strong 100% operating margin.

Mission

(A) THE PRIMARY PURPOSE OF THE ORGANIZATION IS TO ACQUIRE THROUGH LEASE OR PURCHASE PROPERTY ON WHICH TO BUILD OR RENOVATE A CHAPTER HOUSE OR LODGE FOR THE NEW MEXICO ALPHA CHAPTER ("LOCAL CHAPTER") OF PHI DELTA THETA ("NATIONAL FRATERNITY") ON THE CAMPUS OF THE UNIVERSITY OF NEW MEXICO ("UNM") IN ALBUQUERQUE, NEW MEXICO. ONCE IT IS COMPLETED, THE LOCAL CHAPTER WILL OCCUPY THE LODGE OR CHAPTER HOUSE. THE ORGANIZATION WILL SUBLET THE PROPERTY TO THE LOCAL CHAPTER; RENTAL INCOME WILL BE ENOUGH TO COVER THE OPERATING COSTS. (B) THE ACTIVITY WILL COMMENCE WITH THE SIGNING OF A PURCHASE AGREEMENT OR LEASE WITH UNM FOR PROPERTY LOCATED AT 1705 MESA VISTA ROAD NE, IN ALBUQUERQUE, NEW MEXICO. (C) THE ACTIVITY WILL BE CONDUCTED BY THE ORGANIZATION'S BOARD OF DIRECTORS AND THE MEMBERS OF THE LOCAL CHAPTER UNDER THE GENERAL OVERSIGHT OF ORGANIZATION, UNM, AND THE NATIONAL FRATERNITY.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $382,834
Program Service Revenue $0
Investment Income $4,365
Other Revenue $0
TOTAL REVENUE $387,199

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $28
TOTAL EXPENSES $28

Year-over-Year Comparison

2023 2022 Change
Revenue $387,199 N/A N/A
Expenses $28 N/A N/A
Net Income $387,171 N/A N/A
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

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Governance

Voting Members
5
Independent Members
5
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
3
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
FRANK BARELA DIRECTOR N/A
Director
$0 $0 $0
JOSEPH EDWARD SECRETARY/DI N/A
Officer Director
$0 $0 $0
JOHN L JONES PRESIDENT/DI N/A
Officer Director
$0 $0 $0
KIM MURPHY DIRECTOR N/A
Director
$0 $0 $0
MICHAEL PADILLA VP/DIRECTOR N/A
Officer 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
2023 $387,199 $28 $388,411 $387,171
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