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.
The NMMI Foundation maintains about 180 endowed scholarship funds and over 20 annual donor scholarship funds for the benefit of NMMI cadets. Earnings from the endowments and annual donations are paid...
The NMMI Foundation maintains about 180 endowed scholarship funds and over 20 annual donor scholarship funds for the benefit of NMMI cadets. Earnings from the endowments and annual donations are paid directly to NMMI to provide scholarships to NMMI cadets at the high school and junior college level. The scholarships have varying criteria specified by the donors; for example scholarships may include merit-based and/or need-based requirements. NMMI has established a Scholarship Committee that facilitates the fair and impartial granting of all scholarships in accordance with NMMI policies and procedures and donor stipulations. NMMI estimates that nearly 98% of cadets in the junior college program receive some form of financial assistance, which includes scholarship funding. Nearly 85% of the high school cadets receive some scholarship assistance. NMMI's maximum capacity is about 1,000 cadets. 325 cadets received scholarships from Foundation provided funds in the 2023-2024 school year. It is estimated that 350 cadets will receive scholarships during the 2024-2025 school year.
The NMMI Foundation maintains approximately 20 endowments whereby earnings are used to fund NMMI Leadership Reaction Course programs, Low/High Ropes Course facilities, leadership salaries and...
The NMMI Foundation maintains approximately 20 endowments whereby earnings are used to fund NMMI Leadership Reaction Course programs, Low/High Ropes Course facilities, leadership salaries and benefits and general Leadership projects and activities. The Daniels Leadership Center (DLC) serves the entire Corps of Cadets each year through use of state of the art technologies, classrooms and course facilities. Programs and services are provided to internal and external constituencies and include the Low/High Ropes Course and the Leadership Reaction Course which provide leadership challenges and growth to both cadets and professionals. These facilities help build self confidence, trust and teamwork in challenges that teach, test and reinforce sound leadership practices. These facilities are used throughout the entire school year.
The NMMI Foundation maintains more than ten endowments and several annual funds whereby earnings and annual donations are used to provide support for NMMI academic programs. Expenditures for these...
The NMMI Foundation maintains more than ten endowments and several annual funds whereby earnings and annual donations are used to provide support for NMMI academic programs. Expenditures for these programs include support for faculty stipends, classroom equipment, information technology equipment and software, band equipment, library subscriptions, supplies and other related academic programs and projects.
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.