New Mexico Health Care Association
- Assets
- $1.9m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 6
- Location
- Albuquerque, NM
- Founding
- 05/1983
- Data as of
- 12/2022
- 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 12/2022, New Mexico Health Care Association employed 6 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 12/2022, New Mexico Health Care Association generated $1.6m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 7.0% each year. All expenses for the organization totaled $1.2m during the year ending 12/2022. While expenses have increased by 2.4% per year over the past 4 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
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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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Vincente Vargas Executive Di | Officer | 40 | $184,970 |
David Garetz Secretary/tr | OfficerTrustee | 2.5 | $0 |
Linda Givens Director At | OfficerTrustee | 2.5 | $0 |
Gerald Hamilton Director At | OfficerTrustee | 2.5 | $0 |
Doyle Harris Director At | OfficerTrustee | 2.5 | $0 |
Karl Hernandez Director At | OfficerTrustee | 2.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $672,782 |
| Fundraising events | $0 |
| Related organizations | $0 |
| 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 | $672,782 |
| Total Program Service Revenue | $829,282 |
| Investment income | $41,963 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $13,915 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,582,427 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $182,516 |
| Other salaries and wages | $294,563 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $71,421 |
| Payroll taxes | $34,959 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $13,068 |
| Fees for services: Accounting | $3,928 |
| Fees for services: Lobbying | $50,931 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $130 |
| Advertising and promotion | $0 |
| Office expenses | $17,806 |
| Information technology | $5,992 |
| Royalties | $0 |
| Occupancy | $42,683 |
| Travel | $27,629 |
| 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 | $142,339 |
| Depreciation, depletion, and amortization | $3,576 |
| Insurance | $7,665 |
| All other expenses | $35,508 |
| Total functional expenses | $1,186,126 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $113,516 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $843,399 |
| 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 | $0 |
| Net Land, buildings, and equipment | $3,374 |
| Investments—publicly traded securities | $944,114 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $11,374 |
| Total assets | $1,915,777 |
| Accounts payable and accrued expenses | $101,534 |
| Grants payable | $0 |
| Deferred revenue | $386,723 |
| 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 | $0 |
| Total liabilities | $488,257 |
| Net assets without donor restrictions | $1,427,520 |
| 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 | $1,915,777 |