SMALL BUSINESS INVESTMENT CORPORATION

EIN: 850482958 Community Improvement

TIJERAS, NM

Total Revenue
$28,785,359
Total Expenses
$472,124
Total Assets
$190,068,247
Net Assets
$180,951,183
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2000
Legal Domicile
NM
Principal Officer
JOSHUA SMITH
Phone
5052747789
Tax Period
2024-07-01 to 2025-06-30

SMALL BUSINESS INVESTMENT CORPORATION, founded in 2000, is a mid-sized nonprofit in the Community Improvement sector that reported $28.8M in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year. The organization ran a surplus of $28.3M, a strong 98% operating margin.

Mission

TO MAKE DEBT OR EQUITY INVESTMENTS TO SUPPORT NEW OR EXPANDING BUSINESSES IN THE STATE OF NEW MEXICO, TO CREATE NEW JOB OPPORTUNITIES, AND TO IMPLEMENT THE NEW MEXICO SMALL BUSINESS INVESTMENT ACT.

Program Service Accomplishments

Program 1
Expenses: $216,883 Revenue: $26,628,949

THE ORGANIZATION'S LENDING PROGRAM IS ITS PRIMARY PROGRAM. THE LENDING PROGRAM PROVIDES FUNDING, THROUGH LENDING PARTNERS, TO SMALL BUSINESSES IN NEW MEXICO THAT DO NOT HAVE ACCESS TO FUNDING FROM...

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THE ORGANIZATION'S LENDING PROGRAM IS ITS PRIMARY PROGRAM. THE LENDING PROGRAM PROVIDES FUNDING, THROUGH LENDING PARTNERS, TO SMALL BUSINESSES IN NEW MEXICO THAT DO NOT HAVE ACCESS TO FUNDING FROM TRADITIONAL BANKS. DURING THE TWELVE MONTHS ENDED JUNE 30, 2025, THE NMSBIC PROVIDED FUNDS FOR 117 SMALL BUSINESS LOANS TOTALING 23.7 MILLION AND SUPPORTING 634 JOBS IN NEW MEXICO. THE TOTAL LOANS OUTSTANDING INCREASED FROM 97.2 MILLION TO 108.7 MILLION.

Program 2
Expenses: $14,642 Revenue: $56,226

THE ORGANIZATION ALSO HAS AN EQUITY PROGRAM THAT HISTORICALLY MADE INVESTMENTS IN VENTURE CAPITAL EQUITY FUNDS. NO NEW EQUITY INVESTMENT COMMITMENTS HAVE BEEN MADE IN RECENT YEARS, BUT THERE ARE...

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THE ORGANIZATION ALSO HAS AN EQUITY PROGRAM THAT HISTORICALLY MADE INVESTMENTS IN VENTURE CAPITAL EQUITY FUNDS. NO NEW EQUITY INVESTMENT COMMITMENTS HAVE BEEN MADE IN RECENT YEARS, BUT THERE ARE OUTSTANDING INVESTMENTS FROM PRIOR YEARS. TOTAL EQUITY INVESTMENTS OUTSTANDING WERE 1.6 MILLION AS OF JUNE 30, 2025.

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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 $0
Program Service Revenue $26,685,175
Investment Income $2,100,184
Other Revenue $0
TOTAL REVENUE $28,785,359

Expense Breakdown

Grants Paid $0
Salaries & Benefits $262,373
Fundraising Expenses $0
Program Expenses $231,525
Other Expenses $209,751
TOTAL EXPENSES $472,124

Year-over-Year Comparison

2024 2023 Change
Revenue $28,785,359 $30,977,738 -0.1%
Expenses $472,124 $482,662 0.0%
Net Income $28,313,235 $30,495,076 -0.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
7
Independent Members
7
Employees
N/A
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
4
$246,348
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SAYURI YAMADA DIRECTOR 3.00
Director
$0 $0 $0
JOSHUA GRASSHAM DIRECTOR 3.00
Director
$0 $0 $0
KRISTINA ALLEY DIRECTOR 3.00
Director
$0 $0 $0
LAURA MONTOYA DIRECTOR 3.00
Director
$0 $0 $0
ROBERT VALDIVIEZ SECRETARY/TR 4.00
Officer Director
$0 $0 $0
ANNE BECKETT VICE CHAIR 4.00
Officer Director
$0 $0 $0
JOSHUA SMITH CHAIR 8.00
Officer Director
$0 $0 $0
N/A EXEC DIR/INV 40.00
Officer
$246,348 $0 $246,348
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
2025 $28,785,359 $472,124 $190,068,247 $28,313,235
2024 $30,977,738 $482,662 $156,937,680 $30,495,076
2023 $8,947,897 $424,082 $123,837,033 $8,523,815
2022 $18,780,522 $423,966 $120,253,275 $18,356,556
2021 $911,357 $1,022,927 $97,449,979 $-111,570
2020 $59,149,516 $1,204,856 $98,226,470 $57,944,660
2019 $4,383,887 $413,051 $39,475,956 $3,970,836
2018 $1,965,642 $325,090 $40,541,388 $1,640,552
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