Civic Intelligence

New Mexico Property Insurance Program

990 • Fiscal year 2020 • EIN 23-7045075

Jan 01, 2020 to Dec 31, 2020 • Filed on Apr 28, 2021

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

5th percentile

0.00x

Higher debt load relative to assets than 5% of similar nonprofits.

2020 filings • 501(c)6 • $10M-$25M nonprofits • Source year 2020

Liabilities / Revenue

4th percentile

0.00x

Higher debt load relative to revenue than 4% of similar nonprofits.

2020 filings • 501(c)6 • $10M-$25M nonprofits • Source year 2020

Net Margin

78th percentile

18%

Higher net margin than 78% of similar nonprofits.

2020 filings • 501(c)6 • $10M-$25M nonprofits • Source year 2020

Top Officer Pay

12th percentile

$112,035

Higher top officer pay than 12% of similar nonprofits.

Top officer pay equals 2.2% of source-year revenue.

2020 filings • 501(c)6 • $10M-$25M nonprofits • Source year 2020

Asset Growth

66th percentile

10.0%

Faster asset growth than 66% of similar nonprofits.

2020 filings • 501(c)6 • $10M-$25M nonprofits • Annualized from 2019 to 2020

Revenue Growth

61st percentile

-2.5%

Faster revenue growth than 61% of similar nonprofits.

2020 filings • 501(c)6 • $10M-$25M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets5th percentile

Assets

Up

$10,343,194

Up $938,578 (+10.0%) from 2019

Net Assets

Up

$10,338,151

Up $935,175 (+9.9%) from 2019

Liabilities

Up

$5,043

Up $3,403 (+208%) from 2019

Revenue And Expenses
Liabilities / Revenue4th percentileNet Margin78th percentile

Revenue

Down

$5,178,312

Down $130,360 (-2.5%) from 2019

Expenses

Down

$4,243,137

Down $588,962 (-12%) from 2019

Net Income

Up

$935,175

Up $458,602 (+96%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth66th 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

2020

Assets$10,343,194
Liabilities$5,043
Net Assets$10,338,151
Open 2020 Filing

Operations Trend

Revenue Growth61st 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

2020

Revenue$5,178,312
Expenses$4,243,137
Net Income$935,175
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Apr 28, 2021
Return Version
2020v4.1
Gross Receipts
$5,178,312
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$5,839,895$6,298,603▲ $458,708
Investments Other Securities$1,785,793$1,847,115▲ $61,322
Investments in Publicly Traded Securities$1,503,366$1,546,722▲ $43,356
Cash and Non-Interest-Bearing Accounts$273,405$648,597▲ $375,192
Total Assets$9,404,616$10,343,194▲ $938,578
Other Assets Total$2,157$2,157→ $0
Liabilities
Accounts Payable and Accrued Expenses$1,640$5,043▲ $3,403
Total Liabilities$1,640$5,043▲ $3,403
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$9,402,976$10,338,151▲ $935,175
Total Net Assets Fund Balance$9,402,976$10,338,151▲ $935,175
Total Liabilities and Net Assets / Fund Balance$9,404,616$10,343,194▲ $938,578

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$1,847,115--
Compensation and Service Providers
Top Officer Pay12th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Terrie DunlapPlan SupervisorFT$110,901$1,134$112,035

Board Members and Trustees

NameTitle
David SellChair
Steve FletcherVice Chair
Ashley HernandezDirector
Daryl FilipekDirector
Kathleen TempleDirector
Susan KittredgeDirector
Taylor FineDirector
Melissa GrandonSecretary
Kendra ZachariasTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Beyontec Solutions INCSoftware Development4600 FULLER DRIVE SUITE 150, Irving, TX 75038$274,987
Frontier AdjustersClaims AdjustmentPO BOX 650950, Dallas, TX 75265$212,517
Xceedance INCSoftware Maintenance295 DONALD LYNCH BLVD, Marlborough, MA 01752$186,358
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$5,054,798
Investment Income
$123,514
Other Revenue
$0
Change in Net Assets
$935,175

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,178,312
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$5,178,312
Total Revenue per Form 990
$5,178,312
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$3,794,321
Salaries, Compensation, and Employee Benefits$448,816
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other---$535,714
Information Technology---$532,353
Other Salaries and Wages---$264,278
Current Officers, Directors, Trustees, and Key Employees---$112,035
Office Expenses---$93,614
Fees for Services Accounting---$40,747
Other Employee Benefits---$34,811
Occupancy---$34,202
Payroll Taxes---$29,699
Fees for Services Legal---$9,992
Pension Plan Contributions---$7,993
Other Expenses---$5,999
Advertising---$3,655
Insurance---$2,691
Travel---$2,659
Conferences and Meetings---$1,697
Total Functional Expenses$0$0$0$4,243,137

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$4,243,137
Total Expenses per Audited Statements$4,243,137
Total Expenses per Form 990$4,243,137
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 minutes.”

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
2021-04-28
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Terrie M Dunlap
Formed
1969
Legal Domicile
Nm
Voting Board Members
9
Independent Board Members
9
Employees
7
Volunteers
9

Preparer

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

Additional Explanations

Form 990, Part IX, Line 11G

“Commissions 533,244. Outside services 2,470.”

Raw XML Appendix369 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/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt04243137
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt01847115
IRS990ScheduleD/OtherSecuritiesGrp/Desc0DEFERRED ANNUITY CONTRACT (LINCOLN BENEFIT LIFE COMPANY)
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0C
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt05178312
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueSecuritiesAmt01847115
IRS990ScheduleD/TotalExpensesPerForm990Amt04243137
IRS990ScheduleD/TotalRevenuePerForm990Amt05178312
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt05178312
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt04243137
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 MINUTES.
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/ExplanationTxt5COMMISSIONS 533,244. OUTSIDE SERVICES 2,470.
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/TotalAssetsBOYAmt09404616
IRS990/TotalAssetsEOYAmt010343194
IRS990/TotalAssetsGrp/BOYAmt09404616
IRS990/TotalAssetsGrp/EOYAmt010343194
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt07
IRS990/TotalFunctionalExpensesGrp/TotalAmt04243137
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01640
IRS990/TotalLiabilitiesEOYAmt05043
IRS990/TotalLiabilitiesGrp/BOYAmt01640
IRS990/TotalLiabilitiesGrp/EOYAmt05043
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt09402976
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt010338151
IRS990/TotalOtherCompensationAmt01134
IRS990/TotalProgramServiceRevenueAmt05054798
IRS990/TotalReportableCompFromOrgAmt0110901
IRS990/TotalRevenueGrp/ExclusionAmt0123514
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt05054798
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt05178312
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt09
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt09404616
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt010343194
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/TotalAmt02659
IRS990/TypeOfOrganizationAssocInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt02201 SAN PEDRO NE NO 20
IRS990/USAddress/CityNm0ALBUQUERQUE
IRS990/USAddress/StateAbbreviationCd0NM
IRS990/USAddress/ZIPCd087110
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0WWW.NMPROPERTYINSURANCE.COM
IRS990/WhistleblowerPolicyInd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0TERRIE M DUNLAP
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PLAN SUPERVISOR
ReturnHeader/BusinessOfficerGrp/PhoneNum05058789563
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-04-28
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/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/PreparationDt02021-04-28
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0STEPHEN LIVINGSTON
ReturnHeader/ReturnTs02021-05-04T11:05:00-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0TERRIE
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0DUNLAP
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$10,343,194
Liabilities
$5,043
Net assets
$10,338,151
Revenue
$5,178,312
Expenses
$4,243,137
Net income
$935,175
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
2020Detailed filing. Detailed filing data is available for this year.$10.3$0.01$10.3$5.18$4.24$0.94
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$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. 2020 filings • 501(c)6 • $10M-$25M nonprofits