New Mexico Independent Power Producers Association Inc

Nonprofit profile at a glance

EIN
851996285
IRS 990 coverage
2023–2025
Forms available
Form 990 2025, Form 990-EZ 2022
Location
Phoenix, AZ, USA
Phone
6023694368
Rating
70
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Chambers of Commerce & Business Leagues

Reported finances

Revenue
$203,170
Expenses
$210,318
Assets
$166,674
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

1 person listed

Highest reported compensation

  • GREGORY D PATTERSON (Director): $173,010 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

New Mexico Independent Power Producers Association is a broad-based industry coalition that advocates for competitive energy markets in New Mexico.

What it reported doing in 2025

New Mexico Independent Power Producers' representatives participated in the New Mexico Public Regulation Commission's Integrated Resource Planning Process. The IRP process is ongoing and will allow New Mexico Independent Power Producers' members to advocate for competitive and transparent energy procurement. Increased competition and transparency benefits New Mexico consumers by putting downward pressure on electric prices, shifting market risk away from consumers and towards shareholders, and providing lower carbon alternatives to PNM'S (the largest utility in New Mexico) existing electric resources.Additionally, New Mexico Independent Power Producers' members have participated in stakeholder meetings at the National Association of Regulated Utility Commissioners (NARUC) in Washington DC, and hosted meetings of Western energy stakeholders in Santa Fe, Albuquerque, Washington DC, and San Diego.New Mexico Independent Power Producers also participates in the development of Western Regional Markets including the CAISO: Energy Day Ahead Market as well as the Southwest Power Pool: Markets Plus stakeholder process. Additionally, New Mexico Independent Power Producers participates in the Joint Committee on Regional Electric Power Cooperation (CREPC) and Western Interconnection Regional Advisory Body (WIRAB) meetings.

Operating model

Revenue model
Earned-program. 98% of the money available for current operations came from fees and other program revenue.
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

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 some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 84
  • Transparency & Controls: 60
  • Accountability: 58
  • Sustainability: 33
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 94.9%; rating input score 95
  • Program expense ratio: 93.2%; rating input score 93
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 64th 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: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 90%; rating input score 90; 27th percentile among comparable filings
  • Governance controls: 1 of 8 controls in place; rating input score 12
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -3.5%; rating input score 28; 28th percentile among comparable filings
  • Total-asset coverage ratio: 0.79; rating input score 35; 35th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 77; 77th percentile among comparable filings
  • Officer compensation ratio: 82.3%; rating input score 1; 1st percentile among comparable filings

Growth

  • Program expense growth: 15% per year; rating input score 100; 77th percentile among comparable filings
  • Revenue growth: 20.4% per year; rating input score 100; 87th percentile among comparable filings
  • Asset growth: 31.3% per year; rating input score 100; 91st percentile among comparable filings

Details

  • Where the money goes: 94.9% of revenue deployed · 93.2% of spending went to programs
  • Governance: 9 of 10 board members independent · 1 of 8 filing controls reported
  • Programs: 1 filed program accomplishment
  • Leadership: top reported pay $173K · 1 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 15 of 15 current checks pass
  • Schedules: 3 filed schedules · includes executive pay
  • Filing history: 3 filing years from 2023 to 2025
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • 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 — Transparency & Controls: Pay-setting controls scored 0/100.
  • High — Accountability: Governance controls: 6 of 7 not reported.
  • High — Sustainability: Operating margin scored 28/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 35/100.
  • High — Sustainability: Officer compensation ratio scored 1/100.