New Mexico Philharmonic Inc
Nonprofit profile at a glance
- EIN
- 271148446
- IRS 990 coverage
- 2011–2024
- Forms available
- Form 990 2024, Form 990-T 2023, Form 990-N 2010
- Location
- Albuquerque, NM, USA
- Phone
- 5053234343
- Rating
- 86
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Symphony Orchestras
Reported finances
- Revenue
- $2,897,556
- Expenses
- $2,990,876
- Assets
- $701,748
- Liabilities
- $644,263
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
13 people listed
Executive titles in this filing
- MAUREEN BACA (PRESIDENT)
- AL STOTTS (VICE PRESIDENT)
- MARIAN TANAU (PRESIDENT & CEO)
Highest reported compensation
- MARIAN TANAU (PRESIDENT & CEO): $117,308 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 New Mexico philharmonic's mission is to enrich lives by providing excellent music, community engagement and educational opportunities.
What it reported doing in 2024
Season 2024-25 highlights: organizational: classic and pops series took place in the large venue popejoy hall. Smaller sizer orchestra concerts at national hispanic cultural center, immanual presbyterian church and first united methodist church including a coffee concert series, afternoon classic series, and a low cost series for families called power concerts. 25 free tickets for each concert were offered to veterans through the vettix program.education-young musician initiative based on elsistema, an in-depth music learning initiative. Program took place at dolores gonzales elementary and isletata elementary on the isleta pueblo. -youth concerts continue - 8 concerts offered to all fourth and fifth grade students in the albuquerque public school system.-elementary school ensemble visits for second grade students - continue to be offered.-$30 all concert access sound cards offered to students through college age, 200 sold.-$10 student rush tickets offered for every concert.-students from rural communities were offered free tickets upon request.fundraising-concert sponsorships over $98,500.-$40,000 grant from meredith foundation.-$101,2777 grant from albuquerque community foundation.
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
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 80
- Transparency & Controls: 92
- Accountability: 100
- Sustainability: 21
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 87.2%; rating input score 87
- Program expense ratio: 83%; rating input score 83
- Fundraising efficiency: $9.82 raised per $1 spent on fundraising; rating input score 37; 37th 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: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 8 of 8 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -3.2%; rating input score 24; 24th percentile among comparable filings
- Total-asset coverage ratio: 0.23; rating input score 7; 7th percentile among comparable filings
- Liabilities to assets ratio: 0.92; rating input score 7; 7th percentile among comparable filings
- Officer compensation ratio: 3.9%; rating input score 62; 62nd percentile among comparable filings
Growth
- Program expense growth: 4.3% per year; rating input score 100; 35th percentile among comparable filings
- Revenue growth: 5.3% per year; rating input score 100; 44th percentile among comparable filings
- Asset growth: 3.5% per year; rating input score 100; 27th percentile among comparable filings
Details
- Where the money goes: 87.2% of revenue deployed · 83% of spending went to programs
- Governance: 12 of 12 board members independent · 8 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $2.5M in reported program spending
- Leadership: top reported pay $117K · 13 people listed
- Consistency: 34 of 34 current checks pass
- Schedules: 6 filed schedules · includes major donors
- Filing history: 14 filing years from 2011 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.
- Moderate — Financial Efficiency: Fundraising efficiency scored 37/100.
- High — Sustainability: Operating margin scored 24/100.
- High — Sustainability: Total-asset coverage ratio scored 7/100.
- High — Sustainability: Liabilities to assets ratio scored 7/100.