Workers Compensation Association Of New Mexico
- Assets
- $113.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Albuquerque, NM
- Founding
- 08/1991
- Data as of
- 12/2022
- EIN
- 85-0382452
Organization Overview
Workers Compensation Association Of New Mexico, operating under the name New Mexico, is located in Albuquerque, NM. The organization was established in 1991. According to its NTEE Classification (Y20) the organization is classified as: Insurance Providers, under the broad grouping of Mutual & Membership Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Mexico 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 generated $67.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (15.0%) each year. All expenses for the organization totaled $56.7k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (16.0%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE WORKERS COMPENSATION ASSOCIATION OF NM SERVES THE WORKERS COMPENSTION COMMUNITY OF NM BY PROMOTING EDUCATIONAL MEETINGS, SEMINARS AND CONFERENCES RELATING TO THE WORKERS COMPENSATION ISSUES.
Describe the Organization's Program Activity:
Part 3
ANNUAL WORKERS COMPENSATION SEMINAR: A TWO DAY SEMINAR GEARED TOWARDS EDUCATION AND WORKSHOPS RELATED TO WORKERS COMPENSATION TOPICS SUCH AS NM LAW, MEDICAL COST CONTAINMENT, EARLY RETURN TO WORK PROGRAMS, LEGAL CASE DISCUSSIONS AND OTHERS.
MONTHLY BREAKFEAST MEETING: ATTENDED BY MEMBERS AND NONMEMBERS UP TO 120. USED AS A FORUM FOR DISCUSSION OF ISSUES RELATED TO THE WORKERS COMPENSATION FIELD. SPEAKERS ARE ENGAGED FOR THIS FUNCTION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Courtney Barela Vice-President | 2 | $0 | |
Yahaira Romero President | 4 | $0 | |
Randolph Anderson Treasurer | 2 | $0 | |
Alexandrea Encinias Secretary | 2 | $0 | |
Dana Gray Director At Large | 1 | $0 | |
Eric Larson Director At Large | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $190 |
| Total Program Service Revenue | $218 |
| Membership dues | $3,334 |
| Investment income | $4 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $63,312 |
| Other Revenue | $0 |
| Total Revenue | $67,058 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $56,656 |
| Total expenses | $56,656 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $79,382 |
| Other assets | $0 |
| Total assets | $113,132 |
| Total liabilities | $0 |
| Net assets or fund balances | $113,132 |