NEW MEXICO INFORMATION TECHNOLOGY … - 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

MIA PETERSON

Phone

5052502551

Tax Period

2024-01-01 to 2024-12-31

NEW MEXICO INFORMATION TECHNOLOGY AND SOFTWARE ASSOCIATION, founded in 2000, is a small nonprofit in the Community Improvement sector that reported $405K in total revenue in fiscal year 2024. Revenue fell 27% from the prior year — a significant decline worth monitoring. Expenses of $483K exceeded revenue, resulting in a 19% operating deficit.

Mission

NONE

Program Service Accomplishments

Program 1

Expenses: $164,432 Revenue: $18,022

EXECUTING SIGNATURE EVENTS THAT PROVIDE EDUCATION, NETWORKING AND OTHER BENEITS TO BOTH NMTC MEMBERS AND NON MEMBERS.

Program 2

NMITSA OFFERS 8 MEMBERSHIP TIERS THAT PROVIDE MEMBERS WITH THE FOLLOWING BENETIFTS: MEMBER DIRECTORY AND MEMBER-TO-MEMBER NETWORKING, ELLOIGIBLE FOR A MEMBER HIGHLIGHT IN THE NMITSA NEWSLETTER AND...

NMITSA OFFERS 8 MEMBERSHIP TIERS THAT PROVIDE MEMBERS WITH THE FOLLOWING BENETIFTS: MEMBER DIRECTORY AND MEMBER-TO-MEMBER NETWORKING, ELLOIGIBLE FOR A MEMBER HIGHLIGHT IN THE NMITSA NEWSLETTER AND WEBSITE, DISCOUNT ON EVENTS AND SPONSORSHIPS,AND THE ABILILTY TO PROMOTE MEMBER EVENTS IN THE NMITSA NEWLSTTER AND WEBSITE.

Program 3

ACTING AS A SUBJECT MATTER EXPERT TO SERVE ALRISE MEMBERS WITH READILY ACCESSIBLE EXPERIENTIAL LEARNING OPPORTUNITIES FOR STUDENTS, AND OFFER RESOURCES AND FACULTY PROFESSIONAL DEVELOPMENT FOR...

ACTING AS A SUBJECT MATTER EXPERT TO SERVE ALRISE MEMBERS WITH READILY ACCESSIBLE EXPERIENTIAL LEARNING OPPORTUNITIES FOR STUDENTS, AND OFFER RESOURCES AND FACULTY PROFESSIONAL DEVELOPMENT FOR ASSESSING AND DEVELOPING INTENTIONALITY ACROSS THE ALLIANCE. NMISTA IS A PARTNER, ALONG WITH OTHER TECH ASSOCIATIONS, IN WORK-BASED EXPERIENTIAL LEARNING (WBE).

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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 $383,596

Program Service Revenue $18,022

Investment Income $3,110

Other Revenue $0

TOTAL REVENUE $404,728

Expense Breakdown

Grants Paid $0

Salaries & Benefits $250,281

Fundraising Expenses $0

Program Expenses $164,432

Other Expenses $232,674

TOTAL EXPENSES $482,955

Year-over-Year Comparison

	2024	2023	Change
Revenue	$404,728	$553,429	-0.3%
Expenses	$482,955	$531,880	-0.1%
Net Income	$-78,227	$21,549	-4.6%

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

$114,948

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSHUA FRISTOE	PAST CHAIR	2.00	Officer Director	$0	$0	$0
MILES WOLF	VICE-CHAIR	2.00	Officer Director	$0	$0	$0
DAVID KISTIN	CHAIR	2.00	Officer Director	$0	$0	$0
NERISSA WHITTINGTON	DIRECTOR	2.00	Director	$0	$0	$0
PHIL ABEYTA	DIRECTOR	2.00	Director	$0	$0	$0
ERICKA HECHT	DIRECTOR	2.00	Director	$0	$0	$0
JASON JOHNSON	DIRECTOR	2.00	Director	$0	$0	$0
JENNIFER MORENO	DIRECTOR	2.00	Director	$0	$0	$0
CARA MICHALISZYN	DIRECTOR	2.00	Director	$0	$0	$0
CATHERINE NICOLAOU	DIRECTOR	2.00	Director	$0	$0	$0
STEVE OTERO	DIRECTOR	2.00	Director	$0	$0	$0
JOHN PADILLA	DIRECTOR	2.00	Director	$0	$0	$0
GLEN ROWE	DIRECTOR	2.00	Director	$0	$0	$0
DAVID ROYBAL	DIRECTOR	2.00	Director	$0	$0	$0
KEVIN FARR	DIRECTOR	2.00	Director	$0	$0	$0
KEITH RIVERA	DIRECTOR	2.00	Director	$0	$0	$0
DEZAREE VEGA GARCIA	DIRECTOR	2.00	Director	$0	$0	$0
MISTY WILLOCK	DIRECTOR	2.00	Director	$0	$0	$0
MIKE MERTZ	DIRECTOR	2.00	Director	$0	$0	$0
PETER MANTOS	DIRECTOR	2.00	Director	$0	$0	$0
MARK LEECH	DIRECTOR	2.00	Director	$0	$0	$0
LUIS CORDOVA	DIRECTOR	2.00	Director	$0	$0	$0
DIEGO GARCIA	DIRECTOR	2.00	Director	$0	$0	$0
CARLOS GARCIA	DIRECTOR	2.00	Director	$0	$0	$0
ANNEMARIE HENTON	DIRECTOR	2.00	Director	$0	$0	$0
MASON MARTINEZ	DIRECTOR	2.00	Director	$0	$0	$0
AMY MIA PETERSEN	EXECUTIVE DIRECTOR	40.00	Officer	$114,948	$0	$114,948

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	$404,728	$482,955	$117,245	$-78,227
2023	$553,429	$531,880	$214,699	$21,549
2022	$373,679	$339,351	$165,431	$34,328
2021	$386,567	$295,788	$199,173	$90,779
2020	$270,777	$304,817	$120,200	$-34,040
2019	$309,486	$381,362	$151,757	$-71,876
2018	$385,408	$321,638	$224,651	$63,770

NEW MEXICO INFORMATION TECHNOLOGY AND SOFTWARE ASSOCIATION