The New Mexico Farmers Marketing Association

Nonprofit profile at a glance

EIN
850430744
IRS 990 coverage
2014–2024
Forms available
Form 990 2024
Location
Santa Fe, NM, USA
Phone
5059834010
Rating
82
Verdict
STRONG
Rating confidence
Moderate
Sector
Food Programs

Reported finances

Revenue
$3,330,995
Expenses
$3,390,352
Assets
$1,373,181
Liabilities
$188,982

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

11 people listed

Executive titles in this filing

  • JEDREK LAMB (PRESIDENT)

Highest reported compensation

  • DENISE MILLER (EXECUTIVE DI): $291,291 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To strengthen the local food system by supporting New Mexico's agricultural producers and creating strong networks for a healthier state. This involves educating the public about eating healthy, locally grown and produced food; engaging low-income and limited-resource individuals and families in creating healthy eating habits; promoting nurition access programs at farmers' markets and other retail outlets; providing marketing support to farmers, ranchers, market managers, value chain coordinators, and other stakeholders who work within the local food system throughout New Mexico. The nmfma also provides wide-ranging technical assistance to farmers, ranchers, and food producers who sell their locally grown products through the "New Mexico grown" farm-to-institution state procurement programs, to food is medicine health clinic programs, and to other value-driven markets that strive to support local agricuture and regenerative agricultural practices, including those that serve rural and t

What it reported doing in 2024

The nmfma manages the statewide approved supplier program. This food quality assurance program operates as the backbone to the state's farm-to- institution program called "New Mexico grown." the approved supplier program allows agriculture producers of all scales to sell their locally grown food to New Mexico's early childcare centers, the public schools, and senior centers through their repsective state agencies. It also allows these same producers to feed new mexicans via grocery stores and through food is medicine programs managed by the nmfma with health clinic partners across the state. An estimated 250 producers are part of the approved supplier program with sales of about 5 million per year. This values driven program seeks to ensure all producers have access to institutional markets, and that factors such as regenerative agriculture practices are formalized into local procurement strategies. This program serves the general public of New Mexico.

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.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 88
  • Transparency & Controls: 74
  • Accountability: 90
  • Sustainability: 27
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 90.9%; rating input score 91
  • Program expense ratio: 89.3%; rating input score 89
  • Fundraising efficiency: $31.17 raised per $1 spent on fundraising; rating input score 70; 70th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 2 of 6 controls in place; rating input score 33
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Pass
    • 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: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -1.8%; rating input score 27; 27th percentile among comparable filings
  • Total-asset coverage ratio: 0.41; rating input score 13; 13th percentile among comparable filings
  • Liabilities to assets ratio: 0.14; rating input score 52; 52nd percentile among comparable filings
  • Officer compensation ratio: 8.6%; rating input score 35; 35th percentile among comparable filings

Growth

  • Program expense growth: 21.1% per year; rating input score 100; 86th percentile among comparable filings
  • Revenue growth: 19.3% per year; rating input score 100; 87th percentile among comparable filings
  • Asset growth: 21.7% per year; rating input score 100; 86th percentile among comparable filings

Details

  • Where the money goes: 90.9% of revenue deployed · 89.3% of spending went to programs
  • Governance: 10 of 10 board members independent · 6 of 8 filing controls reported
  • Programs: 3 filed program accomplishments · $3M in reported program spending
  • Leadership: top reported pay $291K · 11 people listed · 2 of 6 pay-setting controls reported
  • Consistency: 27 of 27 current checks pass
  • Schedules: 5 filed schedules · includes major donors and executive pay
  • Filing history: 10 filing years from 2014 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.

Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.

  • Review — Accountability: Governance controls: 2 of 8 not reported.
  • High — Sustainability: Operating margin scored 27/100.
  • High — Sustainability: Total-asset coverage ratio scored 13/100.
  • Moderate — Sustainability: Officer compensation ratio scored 35/100.
  • Review — Sustainability: Liabilities to assets ratio scored 52/100.
  • High — Grant Readiness: Federal audit findings: this organization reported findings in its latest federal Single Audit.