Rio Grande Foundation Inc

EIN: 850468446 501(c)(3) Public & Societal Benefit

Albuquerque, NM

Total Revenue
$316,279
Total Expenses
$408,608
Total Assets
$387,187
Net Assets
$385,058
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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
2000
Legal Domicile
NM
Principal Officer
Paul Gessing
Phone
5052646090
Tax Period
2024-01-01 to 2024-12-31

Rio Grande Foundation Inc, founded in 2000, is a small nonprofit in the Public & Societal Benefit sector that reported $316K in total revenue in fiscal year 2024. Revenue fell 61% from the prior year — a significant decline worth monitoring. Expenses of $409K exceeded revenue, resulting in a 29% operating deficit.

Mission

Independent non-partisan research and educational information dedicated to the study of public policy, promotes prosperity based on principals of limited government

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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 (2024)

Revenue Breakdown

Contributions & Grants $255,943
Program Service Revenue $42,221
Investment Income $18,115
Other Revenue $0
TOTAL REVENUE $316,279

Expense Breakdown

Grants Paid $0
Salaries & Benefits $257,753
Fundraising Expenses $102,043
Program Expenses $254,610
Other Expenses $150,855
TOTAL EXPENSES $408,608

Year-over-Year Comparison

2024 2023 Change
Revenue $316,279 $818,432 -0.6%
Expenses $408,608 $415,072 0.0%
Net Income $-92,329 $403,360 -1.2%
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

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Governance

Voting Members
7
Independent Members
7
Employees
4
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
$139,569
Total Directors
7
$139,569
Key Employees
1
$139,569
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Paul Gessing President-Ex-Officio 40.00
Officer Director Key Emp Highest
$139,569 $0 $139,569
Julie Wright Board Chair 0.00
Officer Director
$0 $0 $0
Barbara Ralph Treasurer 2.00
Director
$0 $0 $0
Tom Mullins Director 0.00
Director
$0 $0 $0
Steve Dodson Director 0.00
Director
$0 $0 $0
David Hampton Secretary 0.00
Officer Director
$0 $0 $0
Harry Montoya Director 0.00
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
2024 $316,279 $408,608 $387,187 $-92,329
2023 $818,432 $415,072 $483,199 $403,360
2022 $297,460 $328,445 $74,582 $-30,985
2021 $324,357 $323,133 $106,776 $1,224
2020 $274,969 $309,004 $107,250 $-34,035
2019 $338,259 $278,700 $104,607 $59,559
2018 $204,979 $279,383 $43,308 $-74,404
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