THE NEW MEXICO LITERACY INSTITUTE (EIN 880577270) - Form 990 Financial Analysis & Trantor Score

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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

2022

Legal Domicile

Principal Officer

THOMAS NICKOLOFF

Phone

5052142005

Tax Period

2024-01-01 to 2024-12-31

THE NEW MEXICO LITERACY INSTITUTE, founded in 2022, is a small nonprofit that reported $104K in total revenue in fiscal year 2024. Revenue fell 70% from the prior year — a significant decline worth monitoring. Expenses of $175K exceeded revenue, resulting in a 68% operating deficit.

Mission

PROMOTING AND EXPANDING EDUCATION, LITERACY AND RELATED INITIATIVES IN THE STATE OF 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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $103,958

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $103,958

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $164,645

Other Expenses $175,080

TOTAL EXPENSES $175,080

Year-over-Year Comparison

	2024	2023	Change
Revenue	$103,958	$345,850	-0.7%
Expenses	$175,080	$236,304	-0.3%
Net Income	$-71,122	$109,546	-1.6%

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

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
THOMAS NICKOLOFF	CHAIR	1.00	Officer Director	$0	$0	$0
BRENDA NICKOLOFF	DIRECTOR - TREASURER	1.00	Officer Director	$0	$0	$0
JOHN BERNDT	DIRECTOR	1.00	Director	$0	$0	$0
AHLUM SCAROLA	DIRECTOR	1.00	Director	$0	$0	$0
SUSAN LAMBERT	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
2024	$103,958	$175,080	$94,439	$-71,122
2023	$345,850	$236,304	$165,562	$109,546
2022	$219,000	$162,984	$56,016	$56,016

THE NEW MEXICO LITERACY INSTITUTE