Think New Mexico

What it reported doing in 2024

In 2024, think New Mexico researched, wrote, and published a policy report titled, solving new mexicos health care worker shortage, which laid out a 10-point plan with 20 separate legislative recommendations to address the urgent crisis of new mexicos health care worker shortage. Copies of the report were distributed to more than 20,000 new mexicans as part of our extensive public education efforts around this issue. Think New Mexico developed legislation to implement four of our proposed reforms and organized a diverse coalition of supporters to advocate for them during the 2025 legislative session. During the 2025 session, we successfully championed the enactment of a new permanent trust fund for medicaid, with 511 million in funding over the next three years and a goal of 2 billion. When it reaches that 2 billion target, the fund will generate 100 million in state funding for medicaid annually. With a 3:1 federal match, that will make 400 million available to increase reimbursement rates for health care providers. In addition, during 2024, think New Mexico continued our ongoing effort to dramatically improve student outcomes in new mexicos public schools. Think New Mexico engaged in extensive public education efforts about our reforms. In 2024, we won passage of legislation enhancing the training and transparency requirements for local school board members, and in 2025, we helped pass legislation to improve training for school principals and to ensure that teachers learn the best practices for teaching students how to read. Finally, in 2024, think New Mexico continued its leadership internship program, which aims to retain a new generation of potential leaders in New Mexico by teaching them how they can make a difference in their home state. In 2024, the internship program served six students from across New Mexico, training them how to develop and enact sound public policy and introducing them to key policymakers and opinion leaders.

Financial Efficiency

• Mission deployment rate: 40.1%; rating input score 40
• Program expense ratio: 85%; rating input score 85
• Fundraising efficiency: $24.17 raised per $1 spent on fundraising; rating input score 64; 64th percentile among comparable filings

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
• Pay-setting controls: 1 of 6 controls in place; rating input score 17
  • Compensation committee: Missing
  • 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: 91.7%; rating input score 92; 22nd percentile among comparable filings
• Governance controls: 9 of 9 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: 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: 56.7%; rating input score 94; 94th percentile among comparable filings
• Total-asset coverage ratio: 7.06; rating input score 88; 88th percentile among comparable filings
• Liabilities to assets ratio: 0.15; rating input score 51; 51st percentile among comparable filings
• Officer compensation ratio: 32.3%; rating input score 4; 4th percentile among comparable filings

Growth

• Program expense growth: 6.2% per year; rating input score 100; 46th percentile among comparable filings
• Revenue growth: 14.4% per year; rating input score 100; 80th percentile among comparable filings
• Asset growth: 9.9% per year; rating input score 100; 58th percentile among comparable filings