New Mexico Symphonic Chorus
Nonprofit profile at a glance
- EIN
- 451261027
- IRS 990-EZ coverage
- 2022–2024
- Forms available
- Form 990 2023, Form 990-EZ 2024
- Location
- Albuquerque, NM, USA
- Phone
- 5052430591
- Rating
- 92
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Support N.E.C.
Reported finances
- Revenue
- $57,853
- Expenses
- $87,138
- Assets
- $84,203
- Liabilities
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
5 people listed
Executive titles in this filing
- Anthony Zancanella (Executive Director)
- James Ward (President)
- Ellen King (Vice President)
People named in this filing
- Anthony Zancanella (Executive Director)
- James Ward (President)
- Alaric Babej (Secretary)
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
The purpose for which the corporation is formed is to provide choral music performance of the highest quality for the enjoyment and edification of the community, and is exclusively charitable within the meaning of section 501(c) 3 of the Internal Revenue Code of 1986. In furtherance of this purpose, the New Mexico Symphonic Chorus is organized and operated as a nonprofit corporation pursuant to the laws of the State of New Mexico, and a Type I supporting organization pursuant to section 509(a)(3) of the Internal Revenue Code.
What it reported doing in 2024
Support to Opera Southwest for performances of the NM Symphonic Chorus
Operating model
- Revenue model
- Donor-supported. 100% of the money available for current operations came from contributions and gifts.
- Distribution model
- Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and program spending has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 99
- Transparency & Controls: 100
- Sustainability: 34
- Growth: 20
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 97.5%; rating input score 98
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: -50.6%; rating input score 13; 13th percentile among comparable filings
- Total-asset coverage ratio: 0.97; rating input score 45; 45th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 68; 68th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: -28.4% per year; rating input score 0; 14th percentile among comparable filings
- Revenue growth: -3.3% per year; rating input score 0; 39th percentile among comparable filings
- Asset growth: 10.2% per year; rating input score 100; 73rd percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 97.5% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $85K in reported program spending
- Leadership: top reported pay $0 · 5 people listed
- Consistency: 8 of 8 current checks pass
- Schedules: 3 filed schedules
- Filing history: 2 filing years from 2022 to 2024
- Contacts: How to reach this organization
- Money network: 3 filed money-flow records
- Related organizations: Filed and resolved organization relationships.
- 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 — Sustainability: Operating margin scored 13/100.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 45/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.