NEW MEXICO INDEPENDENT POWER PRODUCERS ASSOCIATION INC

EIN: 851996285 Community Improvement

PHOENIX, AZ

Total Revenue
$227,260
Total Expenses
$229,232
Total Assets
$173,822
Net Assets
$173,822
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2020
Legal Domicile
AZ
Principal Officer
GREGORY D PATTERSON
Phone
6023694368
Tax Period
2024-01-01 to 2024-12-31

NEW MEXICO INDEPENDENT POWER PRODUCERS ASSOCIATION INC, founded in 2020, is a small nonprofit in the Community Improvement sector that reported $227K in total revenue in fiscal year 2024. Revenue decreased 9% compared to the prior year.

Mission

New Mexico Independent Power Producers Association is a broad-based industry coalition that advocates for competitive energy markets in New Mexico.

Program Service Accomplishments

Program 1

New Mexico Independent Power Producers' representatives participated in the New Mexico Public Regulation Commission's Integrated Resource Planning Process. The IRP process is ongoing and will allow...

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New Mexico Independent Power Producers' representatives participated in the New Mexico Public Regulation Commission's Integrated Resource Planning Process. The IRP process is ongoing and will allow New Mexico Independent Power Producers' members to advocate for competitive and transparent energy procurement. Increased competition and transparency benefits New Mexico consumers by putting downward pressure on electric prices, shifting market risk away from consumers and towards shareholders, and providing lower carbon alternatives to PNM'S (the largest utility in New Mexico) existing electric resources.Additionally, New Mexico Independent Power Producers' members have participated in stakeholder meetings at the National Association of Regulated Utility Commissioners (NARUC) in Washington DC,and hosted meetings of Western energy stakeholders in Santa Fe, Albuquerque, Washington DC, and San Diego.New Mexico Independent Power Producers also participates in the development of Western Regional Markets including the CAISO: Energy Day Ahead Market as well as the Southwest Power Pool: Markets Plus stakeholder process. Additionally, New Mexico Independent Power Producers participates in the Joint Committee on Regional Electric Power Cooperation (CREPC) and Western Interconnection Regional Advisory Body (WIRAB) meetings.

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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 $225,000
Investment Income $2,260
Other Revenue $0
TOTAL REVENUE $227,260

Expense Breakdown

Grants Paid $0
Salaries & Benefits $182,733
Fundraising Expenses $0
Other Expenses $46,499
TOTAL EXPENSES $229,232

Year-over-Year Comparison

2024 2023 Change
Revenue $227,260 $250,000 -0.1%
Expenses $229,232 $139,357 +0.6%
Net Income $-1,972 $110,643 -1.0%
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

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Liquidity & Cash Position

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Governance

Voting Members
11
Independent Members
10
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
1
$182,733
Total Directors
1
$182,733
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GREGORY D PATTERSON Director 40.00
Officer Director
$182,733 $0 $182,733
ESVOLTA LP MEMBER 0.00
$0 $0 $0
INNERGEX RENEWABLES USA LLC MEMBER 0.00
$0 $0 $0
INVENERGY LLC MEMBER 0.00
$0 $0 $0
EDP RENEWABLES MEMBER 0.00
$0 $0 $0
PATTERN ENERGY MEMBER 0.00
$0 $0 $0
RWE CLEAN ENERGY LLC MEMBER 0.00
$0 $0 $0
PINE GATE RENEWABLES MEMBER 0.00
$0 $0 $0
SOLARIANT CAPITAL LLC MEMBER 0.00
$0 $0 $0
SOUTHWESTERN POWER GROUP MEMBER 0.00
$0 $0 $0
NEXTERA ENERGY MEMBER 0.00
$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
2025 No data No data No data No data
2024 $227,260 $229,232 $173,822 $-1,972
2023 $250,000 $139,357 $175,794 $110,643
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