New Mexico Military Institute Alumni Association Inc
Nonprofit profile at a glance
- EIN
- 856011563
- IRS 990 coverage
- 2011–2013
- Forms available
- Form 990 2013
- Location
- Roswell, NM, USA
- Phone
- 5756272087
- Rating
- 64
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Alumni Associations
Reported finances
- Revenue
- $472,518
- Expenses
- $840,662
- Assets
- $5,838,441
- Liabilities
- $149,184
Source: IRS Form 990. Selected filing: tax year 2013. Amounts in USD.
Leadership & pay
6 people listed
Executive titles in this filing
- JOHN A PHINIZY II (PRESIDENT)
Highest reported compensation
- DANIEL WHITFIELD (EXECUTIVE SECRETARY): $42,290 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2013. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
This corporation is organized exclusively for charitable purposes, including for such purposes the making of distributions to organizations that qualify as exempt organizations under section 501(c)(3) of the internal revenue code of 1986 (or amendment thereto). The objects and purposes for which the corporation was formed are as follows: to promote the interest and welfare of New Mexico military institute located at roswell, New Mexico; to afford a permanent means of contact between the New Mexico military institute and its alumni; to create, establish and maintain scholarship and to collect and administer trust funds and endowments for the use and benefit of New Mexico institute alumni association and to do generally any and all things which may be deemed advisable, necessary or desirable in the interest of the New Mexico military institute, its cadets, faculty, and alumni.
What it reported doing in 2013
Maintain alumni records, provide information to the public and alumni through website publications and office visits.
Operating model
- Revenue model
- Investment-supported. 86% of the money available for current operations came from recurring investment income.
- Distribution model
- Grant intermediary. The nonprofit sent 86% of its reported program spending out as grants.
The verdict
SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of total spending goes to programs and a relatively small share of available resources goes toward mission work.
Rating breakdown
- Financial Efficiency: 36
- Transparency & Controls: 93
- Accountability: 95
- Sustainability: 36
- Growth: 20
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 55.6%; rating input score 56
- Program expense ratio: 13.9%; rating input score 14
- Fundraising efficiency: $0.41 raised per $1 spent on fundraising; rating input score 4; 4th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: 99%; rating input score 99; 55th percentile among comparable filings
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 7 of 8 controls in place; rating input score 88
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- 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: -77.9%; rating input score 2; 2nd percentile among comparable filings
- Total-asset coverage ratio: 6.95; rating input score 84; 84th percentile among comparable filings
- Liabilities to assets ratio: 0.03; rating input score 51; 51st percentile among comparable filings
- Officer compensation ratio: 5%; rating input score 41; 41st percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: -0.1% per year; rating input score 0; 39th percentile among comparable filings
- Asset growth: 2.2% per year; rating input score 100; 49th percentile among comparable filings
Details
- Where the money goes: 55.6% of revenue deployed · 13.9% of spending went to programs
- Governance: 4 of 4 board members independent · 7 of 8 filing controls reported
- Programs: 3 filed program accomplishments · $117K in reported program spending
- Leadership: top reported pay $42K · 6 people listed
- Consistency: 34 of 34 current checks pass
- Schedules: 4 filed schedules · includes grants
- Filing history: 3 filing years from 2011 to 2013
- Contacts: How to reach this organization
- Money network: 2 filed money-flow records
- Related organizations: 1 filed related-organization link
- 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.
Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.
- High — Financial Efficiency: Program expense ratio scored 14/100.
- Review — Financial Efficiency: Mission deployment rate scored 56/100.
- High — Financial Efficiency: Fundraising efficiency scored 4/100.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Operating margin scored 2/100.
- Review — Accountability: Governance controls: Other executive compensation review process not reported.
- Moderate — Sustainability: Officer compensation ratio scored 41/100.
- Review — Sustainability: Liabilities to assets ratio scored 51/100.
- High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.