Madison Lee Memorial Fund

Nonprofit profile at a glance

EIN
872335394
IRS 990-EZ coverage
2022–2024
Forms available
Form 990-EZ 2024, Form 990-N 2022
Location
Carlsbad, NM, USA
Phone
5753616302
Rating
80
Verdict
STRONG
Rating confidence
Moderate
Sector
Parks and Playgrounds

Reported finances

Revenue
$94,413
Expenses
$126,219
Assets
$83,129
Liabilities
$546

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

3 people listed

Executive titles in this filing

  • SHEILA WALTERSCHEID (PRESIDENT)
  • ESMERALDA BERNAL (VICE PRESIDENT/SECRETARY)

People named in this filing

  • SHEILA WALTERSCHEID (PRESIDENT)
  • ESMERALDA BERNAL (VICE PRESIDENT/SECRETARY)
  • NANCY BRANTLEY (TREASURER)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To raise funds to build and maintain a park in a new neighborhood development in carlsbad, New Mexico.

What it reported doing in 2024

Conduct fundraising campaigns to seek donations from businesses and individuals in the carlsbad community to fund the construction and maintenance of a new park. The park will be open to the public and will include playground equipment, open areas, benches, and paths for walking, biking, or skating. During 2024, the organization spent $77,351 to purchase trees and other items for the park.

Operating model

Revenue model
Donor-supported. 74% of the money available for current operations came from contributions and gifts.
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.

The verdict

STRONG - The filed numbers largely add up and a large share of available resources goes toward mission work. Revenue has declined or grown slowly and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 74
  • Transparency & Controls: 100
  • Sustainability: 29
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 81.9%; rating input score 82
  • Program expense ratio: 61.3%; rating input score 61

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: -33.7%; rating input score 17; 17th percentile among comparable filings
  • Total-asset coverage ratio: 0.66; rating input score 36; 36th percentile among comparable filings
  • Liabilities to assets ratio: 0.01; rating input score 30; 30th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: 114.3% per year; rating input score 100; 98th percentile among comparable filings
  • Revenue growth: -14.4% per year; rating input score 0; 19th percentile among comparable filings
  • Asset growth: -12.9% per year; rating input score 0; 14th percentile among comparable filings

Details

  • Where the money goes: 81.9% of revenue deployed · 61.3% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $77K in reported program spending
  • Leadership: top reported pay $0 · 3 people listed
  • Consistency: 8 of 8 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 3 filing years from 2022 to 2024
  • Contacts: How to reach this organization
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • 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 — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Operating margin scored 17/100.
  • High — Growth: Asset growth scored 0/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 36/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 30/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.