CREDIT UNION FOUNDATION OF NEW MEXICO FKA NM CU EDUCATION FOUNDATION (EIN 850435181) - 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

1993

Legal Domicile

Principal Officer

MELIA HEIMBUCK

Phone

5053384233

Tax Period

2023-01-01 to 2023-12-31

CREDIT UNION FOUNDATION OF NEW MEXICO FKA NM CU EDUCATION FOUNDATION, founded in 1993, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $497K in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion. The organization ran a surplus of $226K, a strong 45% operating margin.

Mission

STRENGTHENING CREDIT UNIONS IN NEW MEXICO THROUGH COLLABORATIVE OPPORTUNITIES.

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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 $358,296

Program Service Revenue $9,809

Investment Income $125,625

Other Revenue $3,767

TOTAL REVENUE $497,497

Expense Breakdown

Grants Paid $116,034

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $237,951

Other Expenses $155,141

TOTAL EXPENSES $271,175

Year-over-Year Comparison

	2023	2022	Change
Revenue	$497,497	$433,436	+0.1%
Expenses	$271,175	$245,136	+0.1%
Net Income	$226,322	$188,300	+0.2%

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

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

$100,586

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KAREN GRIFFO	CHAIRMAN	1.00	Officer Director	$0	$0	$0
JUDY CARRASCO	VICE CHAIR	0.25	Officer Director	$0	$0	$0
DONALD SARICH	BOARD SECRETARY/TREASURER	0.25	Officer Director	$0	$0	$0
RICK ANDERSON	DIRECTOR	0.25	Director	$0	$0	$0
LILY CURRIN	DIRECTOR	0.25	Director	$0	$0	$0
STUART JOHNSTON	DIRECTOR	0.25	Director	$0	$0	$0
NELSON MEDINA	DIRECTOR	0.25	Director	$0	$0	$0
REBECCA ISSACS	MANAGING DIRECTOR	0.00	Officer	$0	$12,044	$100,586

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	$497,497	$271,175	$3,925,247	$226,322
2022	$433,436	$245,136	$3,261,544	$188,300
2021	$636,843	$176,095	$3,011,461	$460,748
2020	$333,614	$152,904	$2,345,494	$180,710
2019	$281,333	$155,091	$2,097,796	$126,242
2018	$340,660	$181,959	$2,011,649	$158,701

CREDIT UNION FOUNDATION OF NEW MEXICO FKA NM CU EDUCATION FOUNDATION