University of New Mexico Retiree Welfare Benefit Trust
Nonprofit profile at a glance
- EIN
- 320419302
- IRS 990 coverage
- 2018–2024
- Forms available
- Form 990 2024
- Location
- Albuquerque, NM, USA
- Phone
- 5052770531
- Rating confidence
- Limited
- Sector
- Voluntary Employees Beneficiary Associations (Government)
Reported finances
- Revenue
- $6,171,389
- Expenses
- $103,443
- Assets
- $87,223,723
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
1 person listed
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The purpose of the plan is to consolidate in one plan document certain provisions of welfare benefits sponsored by the university of New Mexico (unm), to provide uniform administration of such welfare benefits and, in conjunction with the university of New Mexico retiree welfare benefits trust, to pay a portion of the premiums for retirees' coverage under the component benefits.
What it reported doing in 2024
The purpose of the plan is to consolidate in one plan document certain provisions of welfare benefits sponsored by the university of New Mexico (unm), to provide uniform administration of such welfare benefits and, in conjunction with the university of New Mexico retiree welfare benefits trust, to pay a portion of the premiums for retirees' coverage under the component benefits. No benefits were paid out of the trust in the fiscal year end june 30, 2025.
Operating model
- Revenue model
- Earned-program. 66% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.
Rating breakdown
- Financial Efficiency: NotEnoughData
- Transparency & Controls: 77
- Accountability: 18
- Sustainability: 88
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: Limited
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 85.7%; rating input score 86; 1st percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: No; rating input score 0
Accountability
- Independent voting board: 0%; rating input score 0; 3rd percentile among comparable filings
- Governance controls: 3 of 9 controls in place; rating input score 43
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: Limited
- Other executive compensation review process: Limited
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Fail
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 98.3%; rating input score 100; 100th percentile among comparable filings
- Total-asset coverage ratio: 843.21; rating input score 100; 100th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 97; 97th percentile among comparable filings
- Officer compensation ratio: 96.3%; rating input score 0; 0th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: 6.9% per year; rating input score 100; 54th percentile among comparable filings
- Asset growth: 12.6% per year; rating input score 100; 67th percentile among comparable filings
Details
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: 0 of 1 board members independent · 3 of 9 filing controls reported
- Programs: 1 filed program accomplishment
- Leadership: top reported pay $100K · 1 people listed
- Consistency: 7 of 8 current checks pass · 1 finding to review
- Schedules: 2 filed schedules
- Filing history: 7 filing years from 2018 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Related organizations: 1 filed related-organization link
- 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 — Accountability: Independent voting board scored 0/100.
- Moderate — Accountability: Governance controls: 4 of 7 not reported.
- Review — Transparency & Controls: Schedule R controlled transactions itemized did not reconcile in the filed values.
- High — Transparency & Controls: Related-party transparency scored 0/100.
- High — Sustainability: Officer compensation ratio scored 0/100.