New Mexico Hospital Association
- Assets
- $19.4m
- Revenue
- $3.0m
- Investments
- $10.0m
- Employees
- 8
- Location
- Albuquerque, NM
- Founding
- 12/1958
- Data as of
- 12/2022
- EIN
- 85-0137980
Organization Overview
New Mexico Hospital Association is located in Albuquerque, NM. The organization was established in 1958. According to its NTEE Classification (E12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Health Care and related organizations. As of 12/2022, New Mexico Hospital Association employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Mexico Hospital Association is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2022, New Mexico Hospital Association generated $3.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.3% each year. All expenses for the organization totaled $2.6m during the year ending 12/2022. While expenses have increased by 4.6% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
REPRESENT THE MEMBERS OF THE ORGANIZATION ON LEGISLATIVE, REGULATORY AND PUBLIC POLICY ISSUES AND TO WORK WITH MEMBERS AND OTHERS TO IMPROVE THE HEALTH STATUS OF CITIZENS OF NEW MEXICO.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TAKE A LEADERSHIP ROLE IN STATE AND NATIONAL LEGISLATIVE ARENAS AND IN PUBLIC POLICY DEVELOPMENT TO PROMOTE AND ADVOCATE FOR THE COMMON GOOD AND COLLECTIVE INTERESTS OF THE MEMBERS OF NMHA.
PROVIDE AN AUTHORITATIVE, KNOWLEDGEABLE AND RELIABLE VOICE FOR ITS MEMBERS AND A SOURCE FOR THE HOSPITAL DATA USED FOR PUBLIC POLICY DEVELOPMENT AND LEGISLATIVE INITIATIVES. THIS INCLUDES PROVIDING PRODUCTS AND SERVICES, INCLUDING MANUALS, INFORMATION RELEASES CONCERNING STATE AND FEDERAL HEALTHCARE AND WORKFORCE ISSUES AND COMPARATIVE DATA BASE PROGRAMS REGARDING HEALTHCARE OPERATING ISSUES.
PROMOTE COOPERATIVE, COLLABORATIVE EFFORTS AMONG ITS MEMBERS AND OTHERS. SPONSOR AN ANNUAL MEETING TO PROVIDE MEMBERS THE OPPORTUNITY TO BECOME MORE INFORMED ABOUT HEALTHCARE ISSUES, IMPROVE TECHNICAL/PROFESSIONAL SKILLS AND NETWORK WITH HEALTHCARE LEADERS THROUGHOUT NEW MEXICO.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kate Becker Director | Trustee | 2 | $0 |
Christina Campos Director | Trustee | 2 | $0 |
Tim Johnsen Director | Trustee | 2 | $0 |
Derrick Jones Director | Trustee | 2 | $0 |
Sabrina Martin Director | Trustee | 2 | $0 |
David Shaw Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Dan Weaks Consulting Inc Lobbying | 12/30/21 | $178,124 |
Ellen Interlandi Clinical Consul | 12/30/21 | $107,330 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $2,183,914 |
| Fundraising events | $0 |
| Related organizations | $47,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,230,914 |
| Total Program Service Revenue | $466,731 |
| Investment income | $79,082 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$16,372 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,023,404 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $252,260 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $484,068 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $541,091 |
| Pension plan accruals and contributions | $34,959 |
| Other employee benefits | $107,628 |
| Payroll taxes | $64,474 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $9,870 |
| Fees for services: Accounting | $27,364 |
| Fees for services: Lobbying | $125,663 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $74,391 |
| Advertising and promotion | $15,974 |
| Office expenses | $57,763 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $51,230 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $138,947 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $496 |
| Insurance | $11,847 |
| All other expenses | $0 |
| Total functional expenses | $2,618,398 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $923,019 |
| Savings and temporary cash investments | $126,999 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,990 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $57,925 |
| Net Land, buildings, and equipment | $3,223 |
| Investments—publicly traded securities | $3,594,161 |
| Investments—other securities | $9,953,575 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,747,365 |
| Total assets | $19,410,257 |
| Accounts payable and accrued expenses | $521,503 |
| Grants payable | $0 |
| Deferred revenue | $888,554 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $4,841,485 |
| Total liabilities | $6,251,542 |
| Net assets without donor restrictions | $13,158,715 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $19,410,257 |