Civic Intelligence

New Mexico Property Insurance Program

990 • Fiscal year 2022 • EIN 23-7045075

Jan 01, 2022 to Dec 31, 2022 • Filed on Oct 06, 2023

Organization ProfileWWW.NMPROPERTYINSURANCE.COM

View Organization Page

2201 San Pedro NE 20Albuquerque, NM 87110

(505) 878-9563

Siviq Scores

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

Liabilities / Assets

7th percentile

0.00x

Higher debt load relative to assets than 7% of similar nonprofits.

2022 filings • 501(c)6 • $5M-$10M nonprofits • Source year 2022

Liabilities / Revenue

6th percentile

0.00x

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

2022 filings • 501(c)6 • $5M-$10M nonprofits • Source year 2022

Net Margin

14th percentile

-9.4%

Higher net margin than 14% of similar nonprofits.

2022 filings • 501(c)6 • $5M-$10M nonprofits • Source year 2022

Top Officer Pay

16th percentile

$98,824

Higher top officer pay than 16% of similar nonprofits.

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

2022 filings • 501(c)6 • $5M-$10M nonprofits • Source year 2022

Asset Growth

35th percentile

-4.2%

Faster asset growth than 35% of similar nonprofits.

2022 filings • 501(c)6 • $5M-$10M nonprofits • Annualized from 2021 to 2022

Revenue Growth

27th percentile

-2.5%

Faster revenue growth than 27% of similar nonprofits.

2022 filings • 501(c)6 • $5M-$10M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets7th percentile

Assets

Down

$9,875,754

Down $431,134 (-4.2%) from 2021

Net Assets

Down

$9,871,153

Down $433,942 (-4.2%) from 2021

Liabilities

Up

$4,601

Up $2,808 (+157%) from 2021

Revenue And Expenses
Liabilities / Revenue6th percentileNet Margin14th percentile

Revenue

Down

$4,630,797

Down $120,695 (-2.5%) from 2021

Expenses

Up

$5,064,739

Up $280,191 (+5.9%) from 2021

Net Income

Down

-$433,942

Down $400,886 (-1213%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth35th 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

2022

Assets$9,875,754
Liabilities$4,601
Net Assets$9,871,153
Open 2022 Filing

Operations Trend

Revenue Growth27th 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

2022

Revenue$4,630,797
Expenses$5,064,739
Net Income-$433,942
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Oct 6, 2023
Return Version
2022v5.0
Gross Receipts
$4,630,797
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$6,572,901$8,207,170▲ $1,634,269
Investments Other Securities$1,910,413--
Investments in Publicly Traded Securities$1,577,862$1,628,654▲ $50,792
Cash and Non-Interest-Bearing Accounts$243,555$37,773▼ $205,782
Total Assets$10,306,888$9,875,754▼ $431,134
Other Assets Total$2,157$2,157→ $0
Liabilities
Accounts Payable and Accrued Expenses$1,793$4,601▲ $2,808
Total Liabilities$1,793$4,601▲ $2,808
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$10,305,095$9,871,153▼ $433,942
Total Net Assets Fund Balance$10,305,095$9,871,153▼ $433,942
Total Liabilities and Net Assets / Fund Balance$10,306,888$9,875,754▼ $431,134
Compensation and Service Providers
Top Officer Pay16th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Analisa SisnerosExecutive DirectorFT$91,232$7,592$98,824
Terrie DunlapPlan Supervisor (thru 3/22)FT$66,605$1,738$68,343

Board Members and Trustees

NameTitle
Steve FletcherChair
David SellVice Chair
Daryl FilipekDirector
Kris MartinDirector
Melissa RobertsonDirector
Sarah BarnesDirector
Jennifer CatechisDirector (until 4/13/2022)
Melissa GrandonSecretary
Kendra ZacharlasTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Frontier Adjusters INCClaims Appraisers6908 TERESA CT NW, Albuqueque, NM 87120$290,339
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$4,469,272
Investment Income
$161,525
Other Revenue
$0
Change in Net Assets
$-433,942

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,630,796
Revenue Not Reported on Financial Statements
$1
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$1
Total Revenue per Audited Statements
$4,630,796
Total Revenue per Form 990
$4,630,797
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$4,643,723
Salaries, Compensation, and Employee Benefits$421,016
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other---$494,482
Other Salaries and Wages---$190,922
Current Officers, Directors, Trustees, and Key Employees---$167,167
Information Technology---$153,597
Office Expenses---$68,080
Fees for Services Accounting---$40,265
Occupancy---$39,097
Other Employee Benefits---$31,324
Payroll Taxes---$27,598
Other Expenses---$12,519
Fees for Services Legal---$9,839
Conferences and Meetings---$7,006
Pension Plan Contributions---$4,005
Insurance---$2,500
Travel---$1,314
Total Functional Expenses$0$0$0$5,064,739

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$5,064,739
Expenses per Audited Statements$5,064,738
Total Expenses per Audited Statements$5,064,738
Expenses Not Reported on Financial Statements$1
Other Expense Adjustments$1
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 executive director and the board chair review the form 990 prior to filing.”

Form 990, Part VI, Section B, Line 15

“Board members hold a governing committee meeting to discuss.”

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 20, ALBUQUERQUE, NM 87110

Signing Officer

Name
Analisa Sisneros
Title
Executive Director
Phone
5058789563
Signed
2023-10-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Analisa Sisneros
Formed
1969
Legal Domicile
Nm
Voting Board Members
8
Independent Board Members
8
Employees
5
Volunteers
8

Preparer

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

Financial Statement Notes

PART XI, LINE 4B - OTHER ADJUSTMENTS:

“ROUNDING 1.”

PART XII, LINE 4B - OTHER ADJUSTMENTS:

“ROUNDING 1.”

Raw XML Appendix362 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/SupplementalInformationDetail/ExplanationTxt1ROUNDING 1.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART XI, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XII, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt05064739
IRS990ScheduleD/TotalRevenuePerForm990Amt04630797
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt04630796
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt05064738
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 EXECUTIVE DIRECTOR AND THE BOARD CHAIR REVIEW THE FORM 990 PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4BOARD MEMBERS HOLD A GOVERNING COMMITTEE MEETING TO DISCUSS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE 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/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 B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt010306888
IRS990/TotalAssetsEOYAmt09875754
IRS990/TotalAssetsGrp/BOYAmt010306888
IRS990/TotalAssetsGrp/EOYAmt09875754
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt05
IRS990/TotalFunctionalExpensesGrp/TotalAmt05064739
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01793
IRS990/TotalLiabilitiesEOYAmt04601
IRS990/TotalLiabilitiesGrp/BOYAmt01793
IRS990/TotalLiabilitiesGrp/EOYAmt04601
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt010305095
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt09871153
IRS990/TotalOtherCompensationAmt09330
IRS990/TotalProgramServiceRevenueAmt04469272
IRS990/TotalReportableCompFromOrgAmt0157837
IRS990/TotalRevenueGrp/ExclusionAmt0161525
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt04469272
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt04630797
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt08
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt010306888
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt09875754
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/TotalAmt01314
IRS990/TypeOfOrganizationAssocInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt02201 SAN PEDRO NE 20
IRS990/USAddress/CityNm0ALBUQUERQUE
IRS990/USAddress/StateAbbreviationCd0NM
IRS990/USAddress/ZIPCd087110
IRS990/VotingMembersGoverningBodyCnt08
IRS990/VotingMembersIndependentCnt08
IRS990/WebsiteAddressTxt0WWW.NMPROPERTYINSURANCE.COM
IRS990/WhistleblowerPolicyInd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0ANALISA SISNEROS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum05058789563
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-10-06
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0NEW MEXICO PROPERTY INSURANCE PROGRAM
ReturnHeader/Filer/BusinessNameControlTxt0NEWM
ReturnHeader/Filer/EIN0237045075
ReturnHeader/Filer/PhoneNum05058789563
ReturnHeader/Filer/USAddress/AddressLine1Txt02201 SAN PEDRO NE 20
ReturnHeader/Filer/USAddress/CityNm0ALBUQUERQUE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NM
ReturnHeader/Filer/USAddress/ZIPCd087110
ReturnHeader/IRSResponsiblePrtyInfoCurrInd01
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/PreparationDt02023-09-28
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0STEPHEN LIVINGSTON
ReturnHeader/ReturnTs02023-10-06T14:31:36-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0ANALISA
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0SISNEROS
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$9,875,754
Liabilities
$4,601
Net assets
$9,871,153
Revenue
$4,630,797
Expenses
$5,064,739
Net income
-$433,942
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
2022Detailed filing. Detailed filing data is available for this year.$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
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