Civic Intelligence

New Mexico Property Insurance Program

990 • Fiscal year 2019 • EIN 23-7045075

Jan 01, 2019 to Dec 31, 2019 • Filed on Apr 03, 2020

Organization ProfileWWW.NMPROPERTYINSURANCE.COM

View Organization Page

2201 San Pedro NE No 20Albuquerque, NM 87110

(505) 878-9563

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

6th percentile

0.00x

Higher debt load relative to assets than 6% of similar nonprofits.

2019 filings • 501(c)6 • $5M-$10M nonprofits • Source year 2019

Liabilities / Revenue

6th percentile

0.00x

Higher debt load relative to revenue than 6% of similar nonprofits.

2019 filings • 501(c)6 • $5M-$10M nonprofits • Source year 2019

Net Margin

69th percentile

9.0%

Higher net margin than 69% of similar nonprofits.

2019 filings • 501(c)6 • $5M-$10M nonprofits • Source year 2019

Top Officer Pay

16th percentile

$112,191

Higher top officer pay than 16% of similar nonprofits.

Top officer pay equals 2.1% of source-year revenue.

2019 filings • 501(c)6 • $5M-$10M nonprofits • Source year 2019

Asset Growth

48th percentile

5.6%

Faster asset growth than 48% of similar nonprofits.

2019 filings • 501(c)6 • $5M-$10M nonprofits • Annualized from 2018 to 2019

Revenue Growth

56th percentile

4.3%

Faster revenue growth than 56% of similar nonprofits.

2019 filings • 501(c)6 • $5M-$10M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets6th percentile

Assets

Up

$9,404,616

Up $497,113 (+5.6%) from 2018

Net Assets

Up

$9,402,976

Up $498,060 (+5.6%) from 2018

Liabilities

Down

$1,640

Down $947 (-37%) from 2018

Revenue And Expenses
Liabilities / Revenue6th percentileNet Margin69th percentile

Revenue

Up

$5,308,672

Up $221,089 (+4.3%) from 2018

Expenses

Up

$4,832,099

Up $2,068,824 (+75%) from 2018

Net Income

Down

$476,573

Down $1,847,735 (-79%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth48th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$15M$10M$5.0M$0Assets 2018: $8,907,503Liabilities 2018: $2,587Net Assets 2018: $8,904,9162018Assets 2019: $9,404,616Liabilities 2019: $1,640Net Assets 2019: $9,402,9762019Assets 2020: $10,343,194Liabilities 2020: $5,043Net Assets 2020: $10,338,1512020Assets 2021: $10,306,888Liabilities 2021: $1,793Net Assets 2021: $10,305,0952021Assets 2022: $9,875,754Liabilities 2022: $4,601Net Assets 2022: $9,871,1532022Assets 2023: $3,488,483Liabilities 2023: $797Net Assets 2023: $3,487,6862023Assets 2024: $8,268,950Liabilities 2024: $827Net Assets 2024: $8,268,1232024

Highlighted filing

2019

Assets$9,404,616
Liabilities$1,640
Net Assets$9,402,976
Open 2019 Filing

Operations Trend

Revenue Growth56th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$20M$10M$0-$10MRevenue 2018: $5,087,583Expenses 2018: $2,763,275Net Income 2018: $2,324,3082018Revenue 2019: $5,308,672Expenses 2019: $4,832,099Net Income 2019: $476,5732019Revenue 2020: $5,178,312Expenses 2020: $4,243,137Net Income 2020: $935,1752020Revenue 2021: $4,751,492Expenses 2021: $4,784,548Net Income 2021: -$33,0562021Revenue 2022: $4,630,797Expenses 2022: $5,064,739Net Income 2022: -$433,9422022Revenue 2023: $5,049,689Expenses 2023: $11,433,156Net Income 2023: -$6,383,4672023Revenue 2024: $16,595,767Expenses 2024: $11,815,330Net Income 2024: $4,780,4372024

Highlighted filing

2019

Revenue$5,308,672
Expenses$4,832,099
Net Income$476,573
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Apr 3, 2020
Return Version
2019v5.1
Gross Receipts
$5,308,672
Mission and Program Overview

Mission

To provide essential property insurance to applicants in new mexico who are unable to secure it in the normal market.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$5,456,881$5,839,895▲ $383,014
Investments Other Securities$1,726,709$1,785,793▲ $59,084
Investments in Publicly Traded Securities$1,448,226$1,503,366▲ $55,140
Cash and Non-Interest-Bearing Accounts$273,530$273,405▼ $125
Total Assets$8,907,503$9,404,616▲ $497,113
Other Assets Total$2,157$2,157→ $0
Liabilities
Accounts Payable and Accrued Expenses$2,587$1,640▼ $947
Total Liabilities$2,587$1,640▼ $947
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$8,904,916$9,402,976▲ $498,060
Total Net Assets Fund Balance$8,904,916$9,402,976▲ $498,060
Total Liabilities and Net Assets / Fund Balance$8,907,503$9,404,616▲ $497,113

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$1,785,793--
Compensation and Service Providers
Top Officer Pay16th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Terrie DunlapPlan SupervisorFT$107,734$4,457$112,191

Board Members and Trustees

NameTitle
Daryl Filipek-through 122019Chair
Kyle WardVice Chair
Ashley HernandezDirector
Casey DoveDirector
Jesse WaldenDirector
Julie DeckerDirector
Kendra ZachariasDirector
David SellsSecretary
Steve StrowTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Frontier AdjustersClaims AdjustmentPO BOX 7610, Phoenix, AZ 85011$458,769
Xceedance INCSoftware295 DONALD LYNCH BLVD, Marlborough, MA 01752$241,279
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$5,201,858
Investment Income
$106,814
Other Revenue
$0
Change in Net Assets
$476,573

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,308,672
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$21,487
Total Revenue per Audited Statements
$5,330,159
Total Revenue per Form 990
$5,308,672
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$4,407,193
Salaries, Compensation, and Employee Benefits$424,906
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other---$870,857
Other Salaries and Wages---$245,287
Current Officers, Directors, Trustees, and Key Employees---$112,191
Fees for Services Accounting---$52,088
Occupancy---$35,703
Other Employee Benefits---$33,306
Payroll Taxes---$28,020
Office Expenses---$24,534
Information Technology---$10,288
Fees for Services Legal---$9,596
Conferences and Meetings---$8,364
Pension Plan Contributions---$6,102
Other Expenses---$4,256
Advertising---$3,612
Travel---$2,803
Insurance---$2,354
Total Functional Expenses$0$0$0$4,832,099

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$4,832,099
Total Expenses per Audited Statements$4,832,099
Total Expenses per Form 990$4,832,099
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

“Each insurer writing essential property insurance in new mexico is a member of the program.”

Form 990, Part VI, Section A, Line 7A

“Members elect members of the governing committee.”

Form 990, Part VI, Section A, Line 8B

“The investment committee did not document meetings in minuts.”

Form 990, Part VI, Section B, Line 11B

“The plan supervisor reviews the form prior to filing.”

Form 990, Part VI, Section C, Line 19

“The organizing documents are available upon request. Prior year statements of revenues, expenses, and other changes in net assets are on the program's website.”

Filing and Contact Details

Filer

Filer Name
New Mexico Property Insurance Program
EIN
23-7045075
Phone
5058789563
Address
2201 SAN PEDRO NE NO 20, ALBUQUERQUE, NM 87110

Signing Officer

Name
Terrie M Dunlap
Title
Plan Supervisor
Phone
5058789563
Signed
2020-04-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Terrie M Dunlap
Formed
1969
Legal Domicile
Nm
Voting Board Members
8
Independent Board Members
8
Employees
8
Volunteers
9

Preparer

Firm
Cliftonlarsonallen Llp
Address
6501 AMERICAS PARKWAY NE SUITE 500, ALBUQUERQUE, NM 87110
Preparer
Stephen E Livingston CPA
Phone
5058428290
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Software technical support 240,334. Postage 27,929. Print distribution 8,223. Commissions 555,444. Pipso 16,400. Other 952. Beyontec technical services 21,575.”

Raw XML Appendix365 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt05308672
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueSecuritiesAmt01785793
IRS990ScheduleD/TotalExpensesPerForm990Amt04832099
IRS990ScheduleD/TotalRevenuePerForm990Amt05308672
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt05330159
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt04832099
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EACH INSURER WRITING ESSENTIAL PROPERTY INSURANCE IN NEW MEXICO IS A MEMBER OF THE PROGRAM.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MEMBERS ELECT MEMBERS OF THE GOVERNING COMMITTEE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE INVESTMENT COMMITTEE DID NOT DOCUMENT MEETINGS IN MINUTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE PLAN SUPERVISOR REVIEWS THE FORM PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZING DOCUMENTS ARE AVAILABLE UPON REQUEST. PRIOR YEAR STATEMENTS OF REVENUES, EXPENSES, AND OTHER CHANGES IN NET ASSETS ARE ON THE PROGRAM'S WEBSITE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5SOFTWARE TECHNICAL SUPPORT 240,334. POSTAGE 27,929. PRINT DISTRIBUTION 8,223. COMMISSIONS 555,444. PIPSO 16,400. OTHER 952. BEYONTEC TECHNICAL SERVICES 21,575.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART IX, LINE 11G
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt08907503
IRS990/TotalAssetsEOYAmt09404616
IRS990/TotalAssetsGrp/BOYAmt08907503
IRS990/TotalAssetsGrp/EOYAmt09404616
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt08
IRS990/TotalFunctionalExpensesGrp/TotalAmt04832099
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt02587
IRS990/TotalLiabilitiesEOYAmt01640
IRS990/TotalLiabilitiesGrp/BOYAmt02587
IRS990/TotalLiabilitiesGrp/EOYAmt01640
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt08904916
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt09402976
IRS990/TotalOtherCompensationAmt04457
IRS990/TotalProgramServiceRevenueAmt05201858
IRS990/TotalReportableCompFromOrgAmt0107734
IRS990/TotalRevenueGrp/ExclusionAmt0106814
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt05201858
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt05308672
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt09
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt08907503
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt09404616
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/TotalAmt02803
IRS990/TypeOfOrganizationAssocInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt02201 SAN PEDRO NE NO 20
IRS990/USAddress/CityNm0ALBUQUERQUE
IRS990/USAddress/StateAbbreviationCd0NM
IRS990/USAddress/ZIPCd087110
IRS990/VotingMembersGoverningBodyCnt08
IRS990/VotingMembersIndependentCnt08
IRS990/WebsiteAddressTxt0WWW.NMPROPERTYINSURANCE.COM
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02021-04-22 16:20:28Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0TERRIE M DUNLAP
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PLAN SUPERVISOR
ReturnHeader/BusinessOfficerGrp/PhoneNum05058789563
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-04-03
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0NEW MEXICO PROPERTY INSURANCE PROGRAM
ReturnHeader/Filer/BusinessNameControlTxt0NEWM
ReturnHeader/Filer/EIN0237045075
ReturnHeader/Filer/PhoneNum05058789563
ReturnHeader/Filer/USAddress/AddressLine1Txt02201 SAN PEDRO NE NO 20
ReturnHeader/Filer/USAddress/CityNm0ALBUQUERQUE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NM
ReturnHeader/Filer/USAddress/ZIPCd087110
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0CD9691E6246E35602B78F9D4F53E5FF68A98E4CC
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId03CA29169DE0AC997B72D6AF67285F451AF10437A
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt067.137.57.251
ReturnHeader/FilingSecurityInformation/IPDt02020-04-03
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0MD
ReturnHeader/FilingSecurityInformation/IPTm009:51:14
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0410746749
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CLIFTONLARSONALLEN LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt06501 AMERICAS PARKWAY NE SUITE 500
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0ALBUQUERQUE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NM
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd087110
ReturnHeader/PreparerPersonGrp/PhoneNum05058428290
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0STEPHEN E LIVINGSTON CPA
ReturnHeader/ReturnTs02020-04-06T11:12:05-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-01-01
ReturnHeader/TaxPeriodEndDt02019-12-31
ReturnHeader/TaxYr02019

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$9,404,616
Liabilities
$1,640
Net assets
$9,402,976
Revenue
$5,308,672
Expenses
$4,832,099
Net income
$476,573
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.27$0.00$8.27$16.6$11.8$4.78
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.49$0.00$3.49$5.05$11.4$6.38
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$9.88$0.00$9.87$4.63$5.06$0.43
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$10.3$0.00$10.3$4.75$4.78$0.03
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.3$0.01$10.3$5.18$4.24$0.94
2019Detailed filing. Detailed filing data is available for this year.$9.40$0.00$9.40$5.31$4.83$0.48
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.91$0.00$8.90$5.09$2.76$2.32
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2019 filings • 501(c)6 • $5M-$10M nonprofits