NEW MEXICO INDEPENDENT POWER PRODUCERS ASSOCIATION INC (EIN 851996285) - Form 990 Financial Analysis & Trantor Score

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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

2020

Legal Domicile

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.

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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 $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

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

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

$182,733

Total Directors

$182,733

Key Employees

Highest Compensated

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
2024	$227,260	$229,232	$173,822	$-1,972
2023	$250,000	$139,357	$175,794	$110,643

NEW MEXICO INDEPENDENT POWER PRODUCERS ASSOCIATION INC