BOLD FUTURES NM

EIN: 850481224 501(c)(3) Human Services

ALBUQUERQUE, NM

Total Revenue
$2,400,338
Total Expenses
$2,041,228
Total Assets
$4,182,756
Net Assets
$3,776,220
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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
1999
Legal Domicile
NM
Principal Officer
CHARLENE BENCOMO
Phone
5058318930
Tax Period
2023-01-01 to 2023-12-31

BOLD FUTURES NM, founded in 1999, is a community nonprofit in the Human Services sector that reported $2.4M in total revenue in fiscal year 2023. Revenue decreased 10% compared to the prior year. Expenses of $2.0M left a modest 15% surplus.

Mission

BOLD FUTURES NM LEADS POLICY CHANGE, RESEARCH, PLACE-BASED ORGANIZING, AND CULTURE SHIFT BY AND FOR WOMEN AND PEOPLE OF COLOR IN NEW MEXICO. BOLD FUTURES NM CENTERS THE LIVED EXPERIENCES AND EXPERTISE OF THOSE MOST IMPACTED BY AN ISSUE, ENGAGING WITH PEOPLE AT THE INTERSECTIONS OF THEIR IDENTITIES. WE WORK TO BUILD COMMUNITIES WHERE ALL HAVE WHAT WE NEED TO MAKE REAL DECISIONS ABOUT OUR OWN BODIES AND LIVES, AND ALL HAVE ROOM TO LIVE WITH RESPECT AND DIGNITY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $2,359,354
Program Service Revenue $19,992
Investment Income $20,992
Other Revenue $0
TOTAL REVENUE $2,400,338

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,092,659
Fundraising Expenses $16,978
Program Expenses $1,723,979
Other Expenses $948,569
TOTAL EXPENSES $2,041,228

Year-over-Year Comparison

2023 2022 Change
Revenue $2,400,338 $2,653,942 -0.1%
Expenses $2,041,228 $1,731,938 +0.2%
Net Income $359,110 $922,004 -0.6%
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

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Governance

Voting Members
8
Independent Members
8
Employees
12
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
6
$225,512
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TESSA ABEYTA PRESIDENT 2.00
Officer Director
$0 $0 $0
TARA ORTEGA INTERIM PRES 2.00
Officer Director
$0 $0 $0
KAY BOUNKEUA SECRETARY 2.00
Officer Director
$0 $0 $0
ALEXANDRIA TAYLOR TREASURER 2.00
Officer Director
$0 $0 $0
BECKI JONES DIRECTOR 1.00
Director
$0 $0 $0
ALINE CASTELAN GONZALEZ DIRECTOR 1.00
Director
$0 $0 $0
DENISE NAVA DIRECTOR 1.00
Director
$0 $0 $0
KAYLA BLANCHARD DIRECTOR 1.00
Director
$0 $0 $0
CHARLENE BENCOMO EXECUTIVE DI 40.00
Officer
$126,124 $12,449 $138,573
MARTHA CRUZ ACCOUNTING M 40.00
Officer
$77,995 $8,944 $86,939
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 $2,400,338 $2,041,228 $4,182,756 $359,110
2022 $2,653,942 $1,731,938 $3,626,710 $922,004
2021 $1,628,580 $1,527,049 $2,931,252 $101,531
2020 $1,578,042 $1,008,786 $2,680,382 $569,256
2020 $1,694,742 $1,007,510 $2,680,382 $687,232
2018 $749,341 $1,082,532 $1,095,814 $-333,191
2018 $590,060 $1,066,292 $1,018,447 $-476,232
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