Public Charter Schools of New Mexico
Nonprofit profile at a glance
- EIN
- 431957406
- IRS 990 coverage
- 2013–2024
- Forms available
- Form 990 2024
- Location
- Albuquerque, NM, USA
- Phone
- 5058428203
- Rating
- 73
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Student Services, Organizations of Students
Reported finances
- Revenue
- $1,606,735
- Expenses
- $1,624,654
- Assets
- $477,150
- Liabilities
- $348,675
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
10 people listed
Executive titles in this filing
- Matthew Pahl (Executive Director)
- Erik Bose (President)
- Jade Rivera (Vice President)
Highest reported compensation
- Matthew Pahl (Executive Director): $208,167 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 organizations mission is to lead and support public charter school quality growth and autonomy in New Mexico. The organizations vision is to drive transformation in education to benefit the diverse needs of students families and New Mexico communities.
What it reported doing in 2024
Training and development services: the organization provides both member and non-member charter schools with support services in the form of classes webinars regional training seminars evaluation analysis and professional development. The organization has 83 member charter schools the organization works at increasing student academic achievement by serving charter schools and advocating for them. The organization is an important source of technical support and professional development for charter school teachers administrators and governing board members. Program service accomplishments: the organization offered statutorily required governing board training for 75 charter schools. In addition the organization was able to hold several in-person events including a leadership retreat which was attended by 33 charter schools 5 state regional visits with 45 schools advocacy academy with 34 charter leader participants an annual conference with 340 attendees and a legislative recap with 68 participants.
Operating model
- Revenue model
- Other-operating. 66% of the money available for current operations came from other operating 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. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 69
- Transparency & Controls: 70
- Accountability: 90
- Sustainability: 24
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 78.2%; rating input score 78
- Program expense ratio: 77.2%; rating input score 77
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 90.9%; rating input score 91; 8th percentile among comparable filings
- Pay-setting controls: 2 of 6 controls in place; rating input score 33
- Compensation committee: Pass
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Pass
- 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: 6 of 8 controls in place; rating input score 75
- 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: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: -1.1%; rating input score 32; 32nd percentile among comparable filings
- Total-asset coverage ratio: 0.29; rating input score 14; 14th percentile among comparable filings
- Liabilities to assets ratio: 0.73; rating input score 10; 10th percentile among comparable filings
- Officer compensation ratio: 12.8%; rating input score 28; 28th percentile among comparable filings
Growth
- Program expense growth: 7.9% per year; rating input score 100; 55th percentile among comparable filings
- Revenue growth: 10.2% per year; rating input score 100; 67th percentile among comparable filings
- Asset growth: 18.9% per year; rating input score 100; 80th percentile among comparable filings
Details
- Where the money goes: 78.2% of revenue deployed · 77.2% of spending went to programs
- Governance: 10 of 10 board members independent · 6 of 8 filing controls reported
- Programs: 3 filed program accomplishments · $1.3M in reported program spending
- Leadership: top reported pay $208K · 10 people listed · 2 of 6 pay-setting controls reported
- Consistency: 40 of 41 current checks pass · 1 finding to review
- Schedules: 6 filed schedules · includes major donors and executive pay
- Filing history: 11 filing years from 2013 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.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Sustainability: Operating margin scored 32/100.
- High — Sustainability: Total-asset coverage ratio scored 14/100.
- Review — Accountability: Governance controls: Independent financial-statement audit not reported.
- High — Sustainability: Liabilities to assets ratio scored 10/100.
- High — Sustainability: Officer compensation ratio scored 28/100.
- Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.