NEW MEXICO ANGELS INC

EIN: 861060547 Community Improvement

ALBUQUERQUE, NM

Total Revenue
$465,415
Total Expenses
$354,072
Total Assets
$206,025
Net Assets
$202,391
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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
1999
Legal Domicile
NM
Principal Officer
DREW TULCHIN
Phone
5059326435
Tax Period
2024-01-01 to 2024-12-31

NEW MEXICO ANGELS INC, founded in 1999, is a small nonprofit in the Community Improvement sector that reported $465K in total revenue in fiscal year 2024. Revenue surged 79% from the prior year, signaling strong growth momentum. The organization ran a surplus of $111K, a strong 24% operating margin.

Mission

TO PROVIDE OPPORTUNITIES WHERE ITS MEMBERS CAN OBTAIN FINANCIAL RETURNS BY INVESTING IN EALRY-STATE COMPANIES IN NEW MEXICO AND THE SOUTHWEST REGION AND ACCELERATING THEM TO MARKET LEADERSHIP. NEW MEXICO ANGELS WORKS WITH THE VENTURE CAPITAL COMMUNITY AND ANGEL GROUPS IN THE SOUTHWESTERN AREA.

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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 $422,753
Program Service Revenue $30,928
Investment Income $3,259
Other Revenue $8,475
TOTAL REVENUE $465,415

Expense Breakdown

Grants Paid $306
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $353,766
TOTAL EXPENSES $354,072

Year-over-Year Comparison

2024 2023 Change
Revenue $465,415 $259,545 +0.8%
Expenses $354,072 $250,679 +0.4%
Net Income $111,343 $8,866 +11.6%
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

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Governance

Voting Members
16
Independent Members
16
Employees
N/A
Volunteers
15

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
3
$12,844
Total Directors
18
$12,844
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAVID PEREZ CHAIRMAN 1.00
Officer Director
$12,844 $0 $12,844
PAUL BUTLER BOARD MEMBER 1.00
Director
$0 $0 $0
DENECA CHINO BOARD MEMBER 1.00
Director
$0 $0 $0
PRISCILLA DAKIN SECRETARY 1.00
Officer Director
$0 $0 $0
JOHN ELLING BOARD MEMBER 1.00
Director
$0 $0 $0
COREY FORD BOARD MEMBER 1.00
Director
$0 $0 $0
ALAN KIRK BOARD MEMBER 1.00
Director
$0 $0 $0
ARLENE YOUNG BOARD MEMBER 1.00
Director
$0 $0 $0
CARLOS MURGUIA BOARD MEMBER 1.00
Director
$0 $0 $0
JOHN RICE BOARD MEMBER 1.00
Director
$0 $0 $0
TODD SCHUMACHER BOARD MEMBER 1.00
Director
$0 $0 $0
TRAVIS STEELE BOARD MEMBER 1.00
Director
$0 $0 $0
MYRRIAH TOMAR BOARD MEMBER 1.00
Director
$0 $0 $0
DAVID KING TREASURER 4.00
Officer Director
$0 $0 $0
DAVID CREMER BOARD MEMBER 1.00
Director
$0 $0 $0
MICHAEL KNIGHT BOARD MEMBER 1.00
Director
$0 $0 $0
BRANDI MUMMERT BOARD MEMBER 1.00
Director
$0 $0 $0
DREW TULCHIN PRESIDENT 20.00
Director
$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 $465,415 $354,072 $206,025 $111,343
2023 $259,545 $250,679 $99,385 $8,866
2022 $314,812 $297,732 $127,932 $17,080
2021 $286,089 $252,337 $67,594 $33,752
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