New Mexicare
- Assets
- $629.6k
- Revenue
- $95.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Santa Rosa, NM
- Founding
- 05/2000
- Data as of
- 06/2022
- EIN
- 85-0464707
Organization Overview
New Mexicare is located in Santa Rosa, NM. The organization was established in 2000. According to its NTEE Classification (E19) the organization is classified as: Support N.E.C., under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Mexicare is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, New Mexicare generated $95.7k 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 (5.6%) each year. All expenses for the organization totaled $110.7k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (8.3%) per year over the past 7 years. 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
NEW MEXICARE INC.'S MISSION IS TO ENHANCE THE QUALITY OF LIFE BY PROVIDING HEALTH EDUCATION AND CHARITABLE OPPORTUNITIES BASED ON A COMMITMENT TO OUR COMMUNITY AND TO PROVIDE STABILITY AND SOUND FINANCIAL AND CLINICAL MANAGEMENT SERVICES AND QUALITY GOVERNANCE TO GUADALUPE COUNTY HOSPITAL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FUNDS ARE AWARDED FOR COMMUNITY HEALTH INITIATIVES THAT ADDRESS SOCIAL DETERMINANTS OF HEALTH INCLUDING EDUCATION SAFETY IMMUNIZATIONS FITNESS DISEASE PREVENTION AND HOUSING AMONG OTHER SDOHS.
SCHOLARSHIPS ARE AWARDED TO LOCAL AREA HIGH SCHOOL SENIORS AND NON-TRADITIONAL RETURNING STUDENTS INTERESTED IN PURSUING A CAREER IN A HEALTH RELATED FIELD. SCHOLARSHIPS RANGE FROM $500 TO $750 PER SEMESTER AND REQUIRE FULL TIME ENROLLMENT AND CUMULATIVE GPA OF AT LEAST 2.5.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Keith Ross President | OfficerTrustee | 2 | $2,400 |
Yolanda Tenorio Secretary Treasurer | OfficerTrustee | 2 | $2,400 |
Yvette Griego Board Member | Trustee | 2 | $2,400 |
Erasmo Bravo Vice President | 2 | $2,400 | |
Peter Tormos Vice President | Trustee | 2 | $1,800 |
Lee Vega Vice President | OfficerTrustee | 2 | $600 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,900 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,900 |
| Total Program Service Revenue | $144,000 |
| Investment income | -$52,560 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,327 |
| 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 | $95,667 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $73,200 |
| Grants and other assistance to domestic individuals. | $17,250 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $12,000 |
| Compensation of current officers, directors, key employees. | $12,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $165 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,015 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,279 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $110,659 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $67,862 |
| Savings and temporary cash investments | $345,577 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $175 |
| Net Land, buildings, and equipment | $216,024 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $629,638 |
| Accounts payable and accrued expenses | $2,777 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $2,777 |
| Net assets without donor restrictions | $0 |
| 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 | $626,861 |
| Total liabilities and net assets/fund balances | $629,638 |
Grants Awarded
Over the last fiscal year, New Mexicare has awarded $45,100 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Santa Rosa, NM PURPOSE: Support for local Assisted Living Facility | $25,000 |
CITY OF SANTA ROSA PURPOSE: Exercise equipment for Senior Citizens Center | $10,100 |
Albuquerque, NM PURPOSE: Support for Medical School residency program | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Shannon Medical Management San Angelo, TX | $1,382,032 | $79,162,048 |
Tarrant Safety Net Support Corporation Arlington, TX | $4,348,601 | $75,814,900 |
C2c Innovative Solutions Inc Austin, TX | $42,788,543 | $38,806,145 |
Healthinsight Management Corp Group Filing Salt Lake City, UT | $8,178,076 | $32,975,372 |
Sun Health Services Sun City West, AZ | $226,573,617 | $23,867,494 |
Nextfifty Initiative Denver, CO | $264,860,664 | $19,564,011 |
Physician Associates Of Southwest Dallas Dallas, TX | $2,716,484 | $11,709,219 |
Methodist Patient Centered Aco Dallas, TX | $1,181,995 | $6,532,302 |
Cook Childrens Health Enterprises Fort Worth, TX | $6,566,964 | $6,620,654 |
Dallas Development Fund Dallas, TX | $6,293,260 | $6,735,720 |
St Lukes Sugar Land Properties Corporation Houston, TX | $99,661,908 | $127,637 |
Oneshare International Irving, TX | $7,405,964 | $7,020,317 |