UNM RAINFOREST INNOVATIONS

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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

1993

Legal Domicile

Principal Officer

ELIZABETH J KUUTTILA

Phone

5052727900

Tax Period

2024-07-01 to 2025-06-30

UNM RAINFOREST INNOVATIONS, founded in 1993, is a community nonprofit in the Education sector that reported $9.1M in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion.

Mission

TO SUPPORT THE UNIVERSITY OF NEW MEXICO AS THE SOURCE OF INNOVATION MANAGEMENT, PATENT PROSECUTION, AND LICENSING OF TECHNOLOGIES DEVELOPED AT THE UNIVERSITY.

Program Service Accomplishments

Program 1

Expenses: $9,072,976 Revenue: $3,950,266

UNM RAINFOREST INNOVATIONS IS THE TECHNOLOGY TRANSFER ORGANIZATION SUPPORTING THE UNIVERSITY OF NEW MEXICO ("UNM"), AND THE CORPORATION WAS FORMED UNDER THE STATE OF NEW MEXICO UNIVERSITY RESEARCH...

UNM RAINFOREST INNOVATIONS IS THE TECHNOLOGY TRANSFER ORGANIZATION SUPPORTING THE UNIVERSITY OF NEW MEXICO ("UNM"), AND THE CORPORATION WAS FORMED UNDER THE STATE OF NEW MEXICO UNIVERSITY RESEARCH PARK AND ECONOMIC DEVELOPMENT ACT. UNM RAINFOREST INNOVATIONS ENDEAVORS TO MAKE IT AS EASY AS POSSIBLE FOR UNM RESEARCHERS AND FACULTY INVENTORS TO DISCLOSE INVENTIONS. UNM RAINFOREST INNOVATIONS PROTECTS TECHNOLOGIES (INTELLECTUAL PROPERTY) DEVELOPED AT UNM THROUGH PATENT AND COPYRIGHT CONSISTENT WITH THE PROVISIONS OF THE FEDERAL BAYH-DOLE ACT. DURING FISCAL YEAR 2025, UNM RAINFOREST INNOVATIONS RECEIVED 46 ISSUED PATENTS FROM THE U.S. PATENT AND TRADEMARK OFFICE AND FILED 63 NEW PATENT APPLICATIONS WITH THE U.S. PATENT AND TRADEMARK OFFICE. ADDITIONALLY, DURING FISCAL YEAR 2025, UNM RAINFOREST INNOVATIONS ENTERED INTO 44 LICENSE AND OPTION TO LICENSE AGREEMENTS. AS THE ECONOMIC DEVELOPMENT ORGANIZATION FOR THE UNIVERSITY OF NEW MEXICO, UNM RAINFOREST INNOVATIONS SEEKS TO FIND VARIOUS INITIATIVES TO CREATE ECONOMIC DEVELOPMENT THAT IS RELEVANT TO THE UNIVERSITY. UNM RAINFOREST INNOVATIONS HAS RECEIVED, IN FISCAL YEAR 2025, ONE GRANT FROM THE CITY OF SANTA FE ECONOMIC DEVELOPMENT TO CONTINUE THE EFFORTS OF THE UNMRI TRIBAL ENTREPRENEURIAL PROGAM.

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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 $4,418,081

Program Service Revenue $3,950,266

Investment Income $780,195

Other Revenue $0

TOTAL REVENUE $9,148,542

Expense Breakdown

Grants Paid $433,500

Salaries & Benefits $2,232,389

Fundraising Expenses $0

Program Expenses $9,072,976

Other Expenses $7,201,788

TOTAL EXPENSES $9,867,677

Year-over-Year Comparison

	2024	2023	Change
Revenue	$9,148,542	$8,210,385	+0.1%
Expenses	$9,867,677	$9,302,866	+0.1%
Net Income	$-719,135	$-1,092,481	-0.3%

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

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

$1,317,219

Total Directors

$6,894,812

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ELIZABETH KUUTTILA	CEO & CHIEF ECONOMIC DEV. OFFICER	40.00	Officer Director	$390,104	$51,137	$441,241
SANDRA BEGAY	CHAIR	2.00	Officer Director	$1,500	$0	$1,500
JAMES HOLLOWAY	VICE CHAIR	2.00	Officer Director	$0	$148,599	$540,599
JOHN STICHMAN	SECRETARY/TREASURER	1.00	Officer Director	$2,000	$0	$2,000
DOUGLAS ZIEDONIS	DIRECTOR (THRU 9/6/2024)	1.00	Director	$0	$73,778	$949,961
GARNETT STOKES	DIRECTOR	1.00	Director	$0	$158,267	$783,348
TERESA COSTANTINIDIS	DIRECTOR	1.00	Director	$0	$134,689	$481,494
ELLEN FISHER	DIRECTOR	1.00	Director	$0	$68,599	$380,928
JOHN STORMONT	DIRECTOR	1.00	Director	$0	$46,811	$260,403
DAVID L PERKINS	DIRECTOR	1.00	Director	$0	$63,171	$418,462
ROBERT FISHER	DIRECTOR	1.00	Director	$2,000	$0	$2,000
DAVID FOSTER	DIRECTOR	1.00	Director	$2,000	$0	$2,000
RIIS GONZALES	DIRECTOR	1.00	Director	$2,000	$0	$2,000
GREGG MAYER	DIRECTOR	1.00	Director	$2,000	$0	$2,000
ROBERT NATH	DIRECTOR	1.00	Director	$2,000	$0	$2,000
ALEX ROMERO	DIRECTOR	1.00	Director	$2,000	$0	$2,000
ALTON ROMIG JR	DIRECTOR	1.00	Director	$2,000	$0	$2,000
CHARLES WELLBORN	DIRECTOR	1.00	Director	$2,000	$0	$2,000
DAVID GIBSON	DIRECTOR	1.00	Director	$2,000	$0	$2,000
MARIA GRIEGO-RABY	DIRECTOR	1.00	Director	$2,000	$0	$2,000
RICHARD LUARKIE	DIRECTOR	1.00	Director	$2,000	$0	$2,000
JOE CHRISTIAN	DIRECTOR (THRU 7/3/24)	1.00	Director	$0	$0	$0
KIM SANCHEZ RAEL	DIRECTOR (THRU 2/24/25)	1.00	Director	$0	$0	$0
DR DONNA RILEY	DIRECTOR	1.00	Director	$0	$68,873	$410,852
DR ANGELA WANDINGER-NESS	DIRECTOR (THRU 7/3/2024)	1.00	Director	$0	$24,025	$137,006
DR HENGAMEH RAISSY	DIRECTOR	1.00	Director	$0	$107,627	$466,187
LINDA GRIEGO	DIRECTOR	1.00	Director	$2,000	$0	$2,000
MICHAEL BUEHLER	DIRECTOR (START 8/2/24)	1.00	Director	$1,000	$0	$1,000
DR BRYCE CHACKERIAN	DIRECTOR (START 7/3/2024)	1.00	Director	$0	$62,060	$308,688
DR DONALD GODWIN	DIRECTOR (START 7/3/2024)	1.00	Director	$0	$98,712	$415,339
DR MICHAEL RICHARDS	DIRECTOR (START 10/11/24)	1.00	Director	$0	$128,353	$871,804
PATRICIA WILLIAMS	DIRECTOR (START 6/10/25)	1.00	Director	$0	$0	$0
H BRIAN MIRABAL	CFO	40.00	Officer	$207,870	$29,516	$237,386
LARISSA CARDENAS	ASSISTANT SECRETARY	40.00	Officer	$79,636	$14,857	$94,493
ARLENE YOUNG	DIRECTOR OF COMMERCIALIZATION	40.00	Highest	$175,810	$31,269	$207,079
CARA MICHALISZYN	DIRECTOR OF ECONOMIC DEVELOPMENT	40.00	Highest	$182,121	$18,115	$200,236
GREGG BANNINGER	SR. INNOV MANAGER - LIFE SCIENCES	40.00	Highest	$132,226	$20,462	$152,688

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	$9,148,542	$9,867,677	$17,853,939	$-719,135
2024	$8,210,385	$9,302,866	$21,940,290	$-1,092,481
2023	$4,383,092	$5,391,957	$14,736,638	$-1,008,865
2022	$8,571,940	$8,936,305	$18,724,624	$-364,365
2021	$58,002,418	$52,298,752	$22,586,721	$5,703,666