Roswell, NM
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)NEW MEXICO MILITARY INSTITUTE FOUNDATION INC, founded in 1945, is a community nonprofit in the Education sector that reported $4.4M in total revenue in fiscal year 2023. Revenue fell 48% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $1.5M, a strong 34% operating margin.
The mission of the New Mexico Military Institute Foundation, Inc. (Foundation) is to create, maintain and administer an endowment fund for the benefit of New Mexico Military Institute (NMMI) to be used for research, scientific and literary purposes; for increasing the building, equipment and other facilities of NMMI; to provide for scholarships and to promote generally the growth, welfare, and maintenance of NMMI.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $4,351,683 | $8,432,637 | -0.5% |
| Expenses | $2,862,695 | $2,704,733 | +0.1% |
| Net Income | $1,488,988 | $5,727,904 | -0.7% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Jimmy Barnes | President & CEO | 40 |
Officer
Director
Highest
|
$117,372 | $0 | $117,372 |
| Jesus Salazar | Immediate Past Chairman | 2 |
Officer
Director
|
$0 | $0 | $0 |
| Kenneth Barbe Jr | Chairman | 5 |
Officer
Director
|
$0 | $0 | $0 |
| Dr Jesus R Ramos Garza | Secretary | 2 |
Officer
Director
|
$0 | $0 | $0 |
| Kim Greaves | Vice Chairman | 2 |
Officer
Director
|
$0 | $0 | $0 |
| Kevin O Butler | Member | 1 |
Director
|
$0 | $0 | $0 |
| Harold A Edmonson Jr | NMMI Regent Member | 1 |
Director
|
$0 | $0 | $0 |
| Phelps W Anderson | NMMI Regent Member | 1 |
Director
|
$0 | $0 | $0 |
| MG Jerry Grizzle NMMI President Sup | Ex Officio Member | 1 |
Director
|
$0 | $0 | $0 |
| Claire E Chase | Member | 1 |
Director
|
$0 | $0 | $0 |
| Dr Earl A Tres Latimer III | Member | 1 |
Director
|
$0 | $0 | $0 |
| COL Timothy S Paul | NMMI Regent Appointment | 1 |
Director
|
$0 | $0 | $0 |
| George M Yates | Member | 1 |
Director
|
$0 | $0 | $0 |
| Frank Spencer III | Treasurer | 2 |
Officer
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | No data | No data | No data | No data |
| 2024 | $4,351,683 | $2,862,695 | $85,999,070 | $1,488,988 |
| 2023 | $8,432,637 | $2,704,733 | $78,678,506 | $5,727,904 |
| 2022 | $5,073,152 | $2,342,210 | $72,248,308 | $2,730,942 |
| 2021 | $2,696,137 | $2,275,432 | $81,497,366 | $420,705 |
Compare NEW MEXICO MILITARY INSTITUTE FOUNDATION INC with other nonprofits in New Mexico and across the country.