NEW MEXICO MANUFACTURING EXTENSION… - Form 990 Financial Data

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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

Principal Officer

JENNIFER SINSABAUGH

Phone

5052620921

Tax Period

2023-01-01 to 2023-12-31

NEW MEXICO MANUFACTURING EXTENSION PARTNERSHIP, founded in 2000, is a community nonprofit in the Community Improvement sector that reported $2.8M in total revenue in fiscal year 2023. The organization ran a surplus of $458K, a strong 16% operating margin.

Mission

NEW MEXICO MEP'S MISSION IS TO HELP THE EXISTING MANUFACTURING AND BUSINESS COMMUNITY STRENGTHEN THEIR INDUSTRY COMPETITIVENESS NATIONALLY AND GLOBALLY WHILE DEVELOPING A GLOBALLY COMPETITIVE WORKFORCE.

Program Service Accomplishments

Program 1

Expenses: $2,055,266 Revenue: $1,091,996

PROVIDED AN EDUCATIONAL EXTENSION PROGRAM THAT ASSISTED 92 SMALL MANUFACTURERS LOCATED IN NEW MEXICO TO APPLY ADVANCED PRODUCTION TECHNIQUES AND STATE OF THE ART TECHNOLOGIES TO THEIR BUSINESS...

PROVIDED AN EDUCATIONAL EXTENSION PROGRAM THAT ASSISTED 92 SMALL MANUFACTURERS LOCATED IN NEW MEXICO TO APPLY ADVANCED PRODUCTION TECHNIQUES AND STATE OF THE ART TECHNOLOGIES TO THEIR BUSINESS MANAGEMENT PRACTICES AND PRODUCTION OPERATIONS. ADDITIONALLY 112 MANUFACTURERS WERE SERVICED BY THE ORGANIZATION'S EMPLOYEES THROUGH THE NMSBA PROGRAM FOR A TOTAL OF 204 ASSISTED.

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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 $1,695,132

Program Service Revenue $1,091,996

Investment Income $620

Other Revenue $0

TOTAL REVENUE $2,787,748

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,084,206

Fundraising Expenses $0

Program Expenses $2,055,266

Other Expenses $1,246,010

TOTAL EXPENSES $2,330,216

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,787,748	$2,640,568	+0.1%
Expenses	$2,330,216	$2,328,548	+0.0%
Net Income	$457,532	$312,020	+0.5%

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

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

$260,638

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ERIC STEBBINS	DIRECTOR	2.00	Director	$0	$0	$0
JOHN ROCKWELL III	DIRECTOR	2.00	Director	$0	$0	$0
SHERMAN MCCORKLE	DIRECTOR	2.00	Director	$0	$0	$0
CLAY ALLISON	DIRECTOR	2.00	Director	$0	$0	$0
CHRIS CHRISTY	VICE CHAIRMA	2.00	Officer Director	$0	$0	$0
CRAIG MAYBERRY	PRESIDENT/CH	2.00	Officer Director	$0	$0	$0
JENNIFER SINSABAUGH	CHIEF EXEC.	55.00	Officer	$155,120	$29,013	$184,133
TAMMY MCCARTY	FINANCE DIRE	23.00	Officer	$71,500	$5,005	$76,505

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	$2,787,748	$2,330,216	$4,750,486	$457,532
2022	$2,640,568	$2,328,548	$4,396,720	$312,020
2021	$2,700,614	$2,364,719	$3,504,787	$335,895
2020	$2,670,438	$2,138,132	$3,162,883	$532,306
2019	$2,092,769	$1,714,812	$2,672,486	$377,957
2018	$2,427,702	$1,911,192	$2,301,306	$516,510

NEW MEXICO MANUFACTURING EXTENSION PARTNERSHIP