New Mexico Friends of Foster Children
Nonprofit profile at a glance
- EIN
- 270363331
- IRS 990-EZ coverage
- 2016–2024
- Forms available
- Form 990-EZ 2024
- Location
- Albuquerque, NM, USA
- Phone
- 5055960519
- Rating
- 76
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Foster Care
Reported finances
- Revenue
- $186,916
- Expenses
- $132,274
- Assets
- $152,208
- Liabilities
- $23,118
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
8 people listed
Executive titles in this filing
- JAY SPECTOR (PRESIDENT)
- MAUREEN NOE (CEO)
People named in this filing
- MATTHEW MAKOFSKE (VICE PRESIDE)
- JAY SPECTOR (PRESIDENT)
- NICOLE MCDANIEL (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 meet identified needs of children and youth who experience state or tribal foster care across New Mexico in order to strengthen their sense of community and help them thrive.
What it reported doing in 2024
Nmffc provides foster/former foster children with resources for development. Examples: sports equipment & fees, music & art classes, books and learning materials, scholarships, school clothes, and group experiences. Over 500 children served.
Operating model
- Revenue model
- Donor-supported. 99% of the money available for current operations came from contributions and gifts.
- Distribution model
- Grant intermediary. The nonprofit sent 71% of its reported program spending out as grants.
The verdict
SUPPORTED - The filed numbers largely add up and a large share of total spending goes to programs. A relatively small share of available resources goes toward mission work and program spending has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 60
- Transparency & Controls: 100
- Sustainability: 63
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 51.7%; rating input score 52
- Program expense ratio: 72.5%; rating input score 72
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: 29.2%; rating input score 83; 83rd percentile among comparable filings
- Total-asset coverage ratio: 1.15; rating input score 64; 64th percentile among comparable filings
- Liabilities to assets ratio: 0.15; rating input score 21; 21st percentile among comparable filings
- Officer compensation ratio: 12.6%; rating input score 20; 20th percentile among comparable filings
Growth
- Program expense growth: -1.1% per year; rating input score 0; 27th percentile among comparable filings
- Revenue growth: 3.8% per year; rating input score 100; 41st percentile among comparable filings
- Asset growth: 8.7% per year; rating input score 100; 57th percentile among comparable filings
Details
- Where the money goes: 51.7% of revenue deployed · 72.5% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $96K in reported program spending
- Leadership: top reported pay $0 · 8 people listed
- Consistency: 8 of 8 current checks pass
- Schedules: 3 filed schedules
- Filing history: 8 filing years from 2016 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- 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.
- Review — Financial Efficiency: Mission deployment rate scored 52/100.
- High — Growth: Program expense growth scored 0/100.
- High — Sustainability: Officer compensation ratio scored 20/100.
- High — Sustainability: Liabilities to assets ratio scored 21/100.