THE SAM THOMPSON MEMORIAL FOUNDATION INC

EIN: 871179715 501(c)(3) Recreation & Sports

RIO RANCHO, NM

Total Revenue
$190,543
Total Expenses
$16,078
Total Assets
$450,365
Net Assets
$450,365
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2021
Legal Domicile
NM
Principal Officer
LAURA JOINER
Phone
7604081199
Tax Period
2024-01-01 to 2024-12-31

THE SAM THOMPSON MEMORIAL FOUNDATION INC, founded in 2021, is a small nonprofit in the Recreation & Sports sector that reported $191K in total revenue in fiscal year 2024. The organization ran a surplus of $174K, a strong 92% operating margin.

Mission

THE SAM THOMPSON MEMORIAL FOUNDATION IS A PHILANTHROPIC ORGANIZATION FOCUSED ON THE HEALTH, EDUCATION AND WELFARE OF THOSE INVOLVED IN THE HORSE RACING COMMUNITY.

Program Service Accomplishments

Program 1
Expenses: $50,702

SCHOLARSHIPS GRANTED TO STUDENTS CURRENTLY ENROLLED IN COLLEGE, TECHNICAL OR VOCATIONAL SCHOOL AND WHOSE FAMILY IS INVOLVED WITH THE HORSE RACING COMMUNITY. SCHOLARSHIPS ARE PAID DIRECTLY TO THE...

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SCHOLARSHIPS GRANTED TO STUDENTS CURRENTLY ENROLLED IN COLLEGE, TECHNICAL OR VOCATIONAL SCHOOL AND WHOSE FAMILY IS INVOLVED WITH THE HORSE RACING COMMUNITY. SCHOLARSHIPS ARE PAID DIRECTLY TO THE SCHOOL. IN 2024, A TOTAL OF 32 SCHOLARSHIPS WERE AWARDED.

Program 2
Expenses: $12,883

THE SAM THOMPSON MEMORIAL PROVIDES GRANTS FOR THOSE INDIVIDUALS INVOLVED IN THE HORSE RACING COMMUNITY. THE FOUNDATION PROVIDED TWO GRANTS TO QUALIFIED INDIVIDUALS FOR HEALTH AND WELFARE IN 2024 AS...

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THE SAM THOMPSON MEMORIAL PROVIDES GRANTS FOR THOSE INDIVIDUALS INVOLVED IN THE HORSE RACING COMMUNITY. THE FOUNDATION PROVIDED TWO GRANTS TO QUALIFIED INDIVIDUALS FOR HEALTH AND WELFARE IN 2024 AS WELL AS CONTRIBUTIONS FOR OTHERS IN NEED.

Program 3
Expenses: $21,750

ASSISTANCE FOR THE RUIDOSO DOWNS RACETRACK COMMUNITY WHO HELPED TO SAVE HORSES AND LOST EVERYTHING AS A RESULT OF THE THE 2024 FIRE AND FLOOD DISASTERS IN RUIDOSO, NM.

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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 $29,749
Program Service Revenue $0
Investment Income $18,624
Other Revenue $142,170
TOTAL REVENUE $190,543

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $2,434
Program Expenses $85,335
Other Expenses $15,153
TOTAL EXPENSES $16,078

Year-over-Year Comparison

2024 2023 Change
Revenue $190,543 N/A N/A
Expenses $16,078 N/A N/A
Net Income $174,465 N/A N/A
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

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Liquidity & Cash Position

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Governance

Voting Members
9
Independent Members
7
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
10
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MIKE ABADIR SECRETARY N/A
Officer
$0 $0 $0
JIM ANDERSON VICE PRESIDE N/A
Officer
$0 $0 $0
LAURA JOINER PRESIDENT N/A
Officer
$0 $0 $0
LAURA JOINER TREASURER N/A
Officer
$0 $0 $0
DENA LACKEY OFFICER N/A
Officer
$0 $0 $0
NOLTON PATIO OFFICER N/A
Officer
$0 $0 $0
ARMANDO RIVERA OFFICER N/A
Officer
$0 $0 $0
VICKI TEBOW OFFICER N/A
Officer
$0 $0 $0
GREG THOMPSON OFFICER N/A
Officer
$0 $0 $0
DAVE WEAVER OFFICER N/A
Officer
$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 $190,543 $16,078 $450,365 $174,465
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