Cnm Holdings Inc
Nonprofit profile at a glance
- EIN
- 880854253
- IRS 990 coverage
- 2023–2024
- Forms available
- Form 990 2024
- Location
- Albuquerque, NM, USA
- Phone
- 5052244685
- Rating
- 68
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
Reported finances
- Revenue
- $833,485
- Expenses
- $687,687
- Assets
- $11,207,898
- Liabilities
- $201,557
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
4 people listed
Executive titles in this filing
- TRACY HARTZLER (CHAIR/CNM PRESIDENT)
- KYLE LEE (CEO)
Highest reported compensation
- TRACY HARTZLER (CHAIR/CNM PRESIDENT): $401,091 total reported compensation
- OLIVIA PADILLA-JACKSON (TREASURER): $259,190 total reported compensation
- KYLE LEE (CEO): $211,570 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The mission of cnm holdings, inc. Is to support central New Mexico community college in all aspects of real estate management including acquiring, holding, developing, selling, managing, leasing, maintaining, and selling property for the benefit of cnmcc.
What it reported doing in 2024
All property titled to cnm ingenuity, inc., was transferred to cnm holdings in its first year of operation, and a memorandum of agreement was developed for the management and oversight of these properties. As the organization develops its critical policies and procedures, it is inventorying, appraising, and establishing critical decision-making elements for all cnm enterprise properties slated for development, advancing cnm's vision, mission, and values, while promoting economic diversification and strengthening the college's finances.cnm community college and cnm ingenuity provide staff support, office and meeting space, related physical support services, and other services at no cost to the organization.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and a relatively small share of voting board members are independent.
Rating breakdown
- Financial Efficiency: 79
- Transparency & Controls: 65
- Accountability: 52
- Sustainability: 71
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 82.2%; rating input score 82
- Program expense ratio: 99.6%; rating input score 100
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: 0 of 6 controls in place; rating input score 0
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Missing
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 33.3%; rating input score 33; 10th percentile among comparable filings
- Governance controls: 7 of 9 controls in place; rating input score 78
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Fail
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 17.5%; rating input score 73; 73rd percentile among comparable filings
- Total-asset coverage ratio: 16.3; rating input score 95; 95th percentile among comparable filings
- Liabilities to assets ratio: 0.02; rating input score 64; 64th percentile among comparable filings
- Officer compensation ratio: 23.1%; rating input score 11; 11th percentile among comparable filings
Growth
- Program expense growth: 4.3% per year; rating input score 100; 38th percentile among comparable filings
- Revenue growth: -173% per year; rating input score 0; 0th percentile among comparable filings
- Asset growth: 2.6% per year; rating input score 100; 28th percentile among comparable filings
Details
- Where the money goes: 82.2% of revenue deployed · 99.6% of spending went to programs
- Governance: 1 of 3 board members independent · 7 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $685K in reported program spending
- Leadership: top reported pay $401K · 4 people listed · 0 of 6 pay-setting controls reported
- Consistency: 20 of 20 current checks pass
- Schedules: 7 filed schedules · includes major donors and executive pay
- Filing history: 2 filing years from 2023 to 2024
- Contacts: How to reach this organization
- Money network: Resolved incoming and outgoing counterparties from filed money flows.
- Related organizations: 2 filed related-organization links
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Transparency & Controls: Pay-setting controls scored 0/100.
- Moderate — Accountability: Independent voting board scored 33/100.
- High — Growth: Revenue growth scored 0/100.
- Review — Accountability: Governance controls: 2 of 9 not reported.
- High — Sustainability: Officer compensation ratio scored 11/100.