New Mexico Health Care Association
- Assets
- $1.3m
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 8
- Location
- Albuquerque, NM
- Founding
- 05/1983
- Data as of
- 12/2021
- EIN
- 85-0299106
Organization Overview
New Mexico Health Care Association is located in Albuquerque, NM. The organization was established in 1983. According to its NTEE Classification (E21) the organization is classified as: Community Health Systems, under the broad grouping of Health Care and related organizations. As of 12/2021, New Mexico Health Care Association employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Mexico Health Care 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 12/2021, New Mexico Health Care Association generated $1.0m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.5%) each year. All expenses for the organization totaled $1.0m during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
GAINING PUBLIC RECOGNITION OF SERVICES PROVIDED BY THE LONG-TERM CARE INDUSTRY. PROVIDE EDUCATION TO LONG-TERM CARE PROVIDERS. REPRESENT MEMBERS IN LEGISLATIVE AND REGULATORY AREAS. DEVELOPMENT & IMPLEMENTATION OF INDUSTRY STANDARDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATIONAL PROGRAMS, SEMINARS AND CONFERENCES
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Vincente Vargas Executive Director | Officer | 40 | $181,262 |
David Garetz Secretary/treasurer | OfficerTrustee | 2.5 | $0 |
Michael Jacobs President | OfficerTrustee | 3.5 | $0 |
Nigel Wilson Vice-President | Trustee | 2.5 | $0 |
Donald Wilson Director At Large | Trustee | 2.5 | $0 |
Micah Herold Director At Large | Trustee | 2.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $662,656 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $31,949 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $694,605 |
| Total Program Service Revenue | $228,098 |
| Investment income | $65,587 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,021,984 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $181,263 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $261,000 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $77,096 |
| Payroll taxes | $33,940 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $12,182 |
| Fees for services: Accounting | $7,338 |
| Fees for services: Lobbying | $41,018 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,216 |
| Advertising and promotion | $0 |
| Office expenses | $27,617 |
| Information technology | $5,078 |
| Royalties | $0 |
| Occupancy | $54,272 |
| Travel | $14,836 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $152,045 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,023,469 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $302,457 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $42,729 |
| 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 | $664 |
| Net Land, buildings, and equipment | $19,543 |
| Investments—publicly traded securities | $961,537 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,326,930 |
| Accounts payable and accrued expenses | $54,782 |
| Grants payable | $0 |
| Deferred revenue | $23,020 |
| 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 | $82,077 |
| Total liabilities | $159,879 |
| Net assets without donor restrictions | $1,167,051 |
| 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 | $1,326,930 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community Health Centers Of South Central Texas Inc Gonzales, TX | $17,235,238 | $18,835,061 |
Chc Community Care Llc Plano, TX | $5,322,582 | $13,837,033 |
Colorado West Inc Grand Junction, CO | $65,909,221 | $15,414,115 |
Syncronys Albuquerque, NM | $9,036,705 | $15,296,549 |
High Plains Community Health Center Incorporated Lamar, CO | $17,220,385 | $14,386,080 |
Saint Francis Health System Inc Tulsa, OK | $37,392,012 | $15,628 |
Diversus Health Inc Colorado Springs, CO | $82,829,314 | $12,034,726 |
Chc Community Llc Plano, TX | $6,687,879 | $11,017,370 |
Chc Community Care Llc Plano, TX | $4,042,357 | $11,175,634 |
Community Hospital Corporation Plano, TX | $19,373,473 | $9,167,067 |
Chc Community Care Llc Plano, TX | $3,933,299 | $11,176,815 |
Mercy Health Oklahoma Communities Inc Oklahoma City, OK | $77,124,396 | $15,351,305 |