EXPLORE FACILITIES GROUP

EIN: 863981282 501(c)(3) Education

LAS CRUCES, NM

Total Revenue
$306,625
Total Expenses
$2,537,647
Total Assets
$20,328,312
Net Assets
$-3,340,453
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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
2021
Legal Domicile
NM
Principal Officer
KAREN CASEDY
Phone
5053055300
Tax Period
2022-07-01 to 2023-06-30

EXPLORE FACILITIES GROUP, founded in 2021, is a small nonprofit in the Education sector that reported $307K in total revenue in fiscal year 2022. Revenue surged 111400% from the prior year, signaling strong growth momentum. Expenses of $2.5M exceeded revenue, resulting in a 728% operating deficit.

Mission

TO SUPPORT VARIOUS CHARTER SCHOOLS THAT HAVE BEEN DISIGNATED BY THE BOARD OF DIRECTORS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $181,415
Investment Income $125,210
Other Revenue $0
TOTAL REVENUE $306,625

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $2,537,647
Other Expenses $2,537,647
TOTAL EXPENSES $2,537,647

Year-over-Year Comparison

2022 2021 Change
Revenue $306,625 $275 +1114.0%
Expenses $2,537,647 $1,106,011 +1.3%
Net Income $-2,231,022 $-1,105,736 +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

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Governance

Voting Members
3
Independent Members
2
Employees
N/A
Volunteers
3

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
$117,319
Total Directors
4
$117,319
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KAREN CASEDY CHAIR 2.00
Officer Director
$0 $30,923 $117,319
BRITTANY PINTOR SECRETARY (TERM 11/2022) 1.00
Officer Director
$0 $0 $0
NILA JUDD SECRETARY (NEW 11/2022) 1.00
Officer Director
$0 $0 $0
RALPH LOVATO DIRECTOR 1.00
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
2023 $306,625 $2,537,647 $20,328,312 $-2,231,022
2022 $275 $1,106,011 $10,698,435 $-1,105,736
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