Civic Intelligence

Staurolite Resources

990 • Fiscal year 2018 • EIN 46-4157012

Jan 01, 2018 to Dec 31, 2018 • Filed on Nov 04, 2019

Organization ProfileN/A
1422 Paseo Del PeraltaSanta Fe, NM 87501

(505) 982-5565

Siviq Scores

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

Liabilities / Assets

95th percentile

1.20x

Higher debt load relative to assets than 95% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Liabilities / Revenue

99th percentile

62.37x

Higher debt load relative to revenue than 99% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Net Margin

1st percentile

-200%

Higher net margin than 1% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Top Officer Pay

95th percentile

$495,565

Higher top officer pay than 95% of similar nonprofits.

Top officer pay equals 295.8% of source-year revenue.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Asset Growth

25th percentile

-3.8%

Faster asset growth than 25% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2017 to 2018

Revenue Growth

96th percentile

158%

Faster revenue growth than 96% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets95th percentile

Assets

Down

$8,719,560

Down $692,112 (-7.4%) from 2016

Net Assets

Down

-$1,730,409

Down $772,893 (-81%) from 2016

Liabilities

Up

$10,449,969

Up $80,781 (+0.8%) from 2016

Revenue And Expenses
Liabilities / Revenue99th percentileNet Margin1st percentile

Revenue

Flat

$167,552

Flat from 2016

Expenses

Down

$502,720

Down $64,133 (-11%) from 2016

Net Income

Up

-$335,168

Up $64,133 (+16%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth25th percentile

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

$15M$10M$5.0M$0-$5.0MAssets 2014: $10,565,364Liabilities 2014: $10,670,000Net Assets 2014: -$104,6362014Assets 2015: $10,080,586Liabilities 2015: $10,638,801Net Assets 2015: -$558,2152015Assets 2016: $9,411,672Liabilities 2016: $10,369,188Net Assets 2016: -$957,5162016Assets 2018: $8,719,560Liabilities 2018: $10,449,969Net Assets 2018: -$1,730,4092018Assets 2019: $8,374,323Liabilities 2019: $10,502,349Net Assets 2019: -$2,128,0262019Assets 2020: $8,028,266Liabilities 2020: $10,607,674Net Assets 2020: -$2,579,4082020Assets 2021: $0Liabilities 2021: $0Net Assets 2021: $02021

Highlighted filing

2018

Assets$8,719,560
Liabilities$10,449,969
Net Assets-$1,730,409
Open 2018 Filing

Operations Trend

Revenue Growth96th percentile

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MRevenue 2014: $31,199Expenses 2014: $135,835Net Income 2014: -$104,6362014Revenue 2015: $211,953Expenses 2015: $624,231Net Income 2015: -$412,2782015Revenue 2016: $167,552Expenses 2016: $566,853Net Income 2016: -$399,3012016Revenue 2018: $167,552Expenses 2018: $502,720Net Income 2018: -$335,1682018Revenue 2019: $169,237Expenses 2019: $566,854Net Income 2019: -$397,6172019Revenue 2020: $167,552Expenses 2020: $566,854Net Income 2020: -$399,3022020Revenue 2021: $3,410,137Expenses 2021: $830,729Net Income 2021: $2,579,4082021

Highlighted filing

2018

Revenue$167,552
Expenses$502,720
Net Income-$335,168
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Nov 4, 2019
Return Version
2018v3.1
Gross Receipts
$181,320
Mission and Program Overview

Mission

The organization's purpose is to exclusively support Presbyterian Medical Services financially and operationally.

The organization's purpose is to exclusively support and benefit Presbyterian Medical Services financially and operationally.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$9,026,272$8,680,215▼ $346,057
Cash and Non-Interest-Bearing Accounts$39,329$39,345▲ $16
Total Assets$9,065,601$8,719,560▼ $346,041
Liabilities
Other Liabilities$7,611,493$7,544,281▼ $67,212
Mortgage Notes Payable Secured by Investment Property$2,802,384$2,866,523▲ $64,139
Accounts Payable and Accrued Expenses$46,965$39,165▼ $7,800
Total Liabilities$10,460,842$10,449,969▼ $10,873
Net Assets / Fund Balance
Unrestricted Net Assets$-1,395,241$-1,730,409▼ $335,168
Total Net Assets Fund Balance$-1,395,241$-1,730,409▼ $335,168
Total Liabilities and Net Assets / Fund Balance$9,065,601$8,719,560▼ $346,041

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$8,370,889$1,271,194$9,642,083
Equipment$309,326$230,456$539,782
Compensation and Service Providers
Top Officer Pay95th percentile

Board Members and Trustees

NameTitle
Steve HansenPresident & Chief Executiv
Don L DanielBoard Member
Susan K SmithBoard Member
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$167,552
Change in Net Assets
$-335,168
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$502,720
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion-$346,057-$346,057
Interest-$156,663-$156,663
Total Functional Expenses$0$502,720$0$502,720
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
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Presbyterian Medical Services$7,544,281
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

“A copy of Form 990 is provided to all board members for review before it is filed with the IRS. Upon approval by a majority of the board, the return is submitted for filing.”

Form 990, Part VI, Section B, line 12C

“Board members are required to complete annual conflict of interest disclosure forms which outlines the businesses, financial interest, political interest and organizational memberships that could create actual or perceived conflicts. Staurolite Resources executive leadership team reviews regularly such disclosure statemetns to ensure no conflicts of interest are present. Members of the Staurolite Resources board of directors are prohibited from being employed by Staurolite Resources. Chief legal counsel attends all board meetings and monitors for any action(s) which could implicate the conflict of interest policy.”

Form 990, Part VI, Section C, line 19

“Staurolite Resources makes its governing documents, financial statements or policies/procedures available to the public upon request. Annual filing of IRS Form 990 are available to the public via guidestar org. In addition, Staurolite Resources files its organizing documents and audited financial statements with numerous state and federal governement agencies (e.g., New Mexico Department of Health, United States Department of Health and Human Services) who, in turn, often make such filings available to the public.”

Filing and Contact Details

Filer

Filer Name
Staurolite Resources
EIN
46-4157012
Phone
5059825565
Address
1422 Paseo Del Peralta, Santa Fe, NM 87501

Signing Officer

Name
Steven C Hansen
Title
President
Phone
5059825565
Signed
2019-11-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Steven C Hansen
Formed
2013
Legal Domicile
Nm
Voting Board Members
3
Independent Board Members
1
Employees
0
Volunteers
0

Preparer

Firm
Redw LLC
Address
Post Office Box 93656, Albuquerque, NM 87199-3656
Preparer
Jamie S Fridley CPA
Phone
5059983200
Supplemental Narrative

Financial Statement Notes

Part X, Line 2:

“Staurolite Resources is exempt from state and federal income taxes on related income under Section 501(a) of the Internal Revenue Code as an organization described in Section 501(c)(3). PMS is classified as other than a private foundation. In accordance with U.S. GAAP, PMS uses a recognition threshold and measurement attributes to assess the recognition and measurement of a tax position taken or expected to be taken in a tax return. Management believes PMS has taken no significant uncertain tax positions and, thus, has not accrued for unrecognized tax benefits or obligations. Should there be future recognition of uncertain tax positions, any related tax, interest and penalties would be reported as an other operating expense. PMS believes it is no longer subject to tax examinations for years prior to 2015.”

Raw XML AppendixShowing 400 of 409 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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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0Presbyterian Medical Services (PMS), the supported organization, had a significant voice in all the supporting organization's policies. Also, PMS directed the use of the supporting organization's income and assets at all times during the tax year by virtue of the officers being concurrent members of the board of directors of the supported organization. The supporting organization's activity is providing buildings for use by the supported organization and for being a qualified organization that can receive new market tax credits.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt1The activity of the organization furthered the exempt purpose of the supported oganization, Presbyterian Medical Services (PMS), by enabling PMS to expand its facilities in Socorro and the Four Corners area of New Mexico so that more patients could be served. Also, since the organization is qualified to receive new market tax credits because it owns the real property which is used by PMS, the organization will be granted future cost reductions for PMS. This will enable PMS to further expand its programs.
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Staurolite Resources is exempt from state and federal income taxes on related income under Section 501(a) of the Internal Revenue Code as an organization described in Section 501(c)(3). PMS is classified as other than a private foundation. In accordance with U.S. GAAP, PMS uses a recognition threshold and measurement attributes to assess the recognition and measurement of a tax position taken or expected to be taken in a tax return. Management believes PMS has taken no significant uncertain tax positions and, thus, has not accrued for unrecognized tax benefits or obligations. Should there be future recognition of uncertain tax positions, any related tax, interest and penalties would be reported as an other operating expense. PMS believes it is no longer subject to tax examinations for years prior to 2015.
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0Steve Hansen
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1Don L Daniel
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0President & Chief Executiv
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1Board Member
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt10
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt1261325
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0The board of directors of Presbyterian Medical Services, the related organization, adopted a policy which states it is the policy of Presbyterian Medical Services (PMS) board of directors to provide total compensation to the PMS president and key executives which will, to the extent possible, (a) serve to maintain a competitive market positions, (b) recognize individual performance, and (c) adhere to applicable laws and regulations impacting executive compensation in nonprofit organizations methodology PMS obtains from a qualified, independent executive compesnation consultant(s) competitive labor market analyses of the executives of national and regional health care organizations similar in size and complexity to Presbyterian Medical Services. The three soruces of competitive compensation data examined are 91) published health care and not-for-profit organization compensation and benefit surveys, (2) peer organization IRS From 990 filings, and (3) publicly traded companies of similar size and industry to PMS.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0Part I, Line 3
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A copy of Form 990 is provided to all board members for review before it is filed with the IRS. Upon approval by a majority of the board, the return is submitted for filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Board members are required to complete annual conflict of interest disclosure forms which outlines the businesses, financial interest, political interest and organizational memberships that could create actual or perceived conflicts. Staurolite Resources executive leadership team reviews regularly such disclosure statemetns to ensure no conflicts of interest are present. Members of the Staurolite Resources board of directors are prohibited from being employed by Staurolite Resources. Chief legal counsel attends all board meetings and monitors for any action(s) which could implicate the conflict of interest policy.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Staurolite Resources makes its governing documents, financial statements or policies/procedures available to the public upon request. Annual filing of IRS Form 990 are available to the public via guidestar org. In addition, Staurolite Resources files its organizing documents and audited financial statements with numerous state and federal governement agencies (e.g., New Mexico Department of Health, United States Department of Health and Human Services) who, in turn, often make such filings available to the public.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section C, line 19
IRS990ScheduleR/AssetExchangeInd01
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd10
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1Presbyterian Medical Services Foundation Inc
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd1NM
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0Provides health, education, human services to people of the Southwest
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt1To facilitate and support programs of Presbyterian Medical Services
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0Line 7
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt1Line 11A, I
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0PO Box 2267
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt1PO Box 2267
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0Santa Fe
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm1Santa Fe
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IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd01
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd01
IRS990ScheduleR/PerformOfServicesByOtherOrgInd01
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
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IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd01
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IRS990/SchoolOperatingInd00
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IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
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IRS990/USAddress/StateAbbreviationCd0NM
IRS990/USAddress/ZIPCd087501
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt01
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02020-03-31 21:24:44Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0Steven C Hansen
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/PhoneNum05059825565
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-11-04
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Staurolite Resources
ReturnHeader/Filer/BusinessNameControlTxt0STAU
ReturnHeader/Filer/EIN0464157012
ReturnHeader/Filer/PhoneNum05059825565
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ReturnHeader/Filer/USAddress/CityNm0Santa Fe
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NM
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ReturnHeader/FilingSecurityInformation/IPDt02019-11-04
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0MS
ReturnHeader/FilingSecurityInformation/IPTm008:03:07
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0850203431
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0REDW LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0Post Office Box 93656
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Albuquerque

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$8,719,560
Liabilities
$10,449,969
Net assets
-$1,730,409
Revenue
$167,552
Expenses
$502,720
Net income
-$335,168
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.00$0.00$0.00$3.41$0.83$2.58
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.03$10.6$2.58$0.17$0.57$0.40
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.37$10.5$2.13$0.17$0.57$0.40
2018Detailed filing. Detailed filing data is available for this year.$8.72$10.4$1.73$0.17$0.50$0.34
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$9.41$10.4$0.96$0.17$0.57$0.40
2015Detailed filing. Detailed filing data is available for this year.$10.1$10.6$0.56$0.21$0.62$0.41
2014Detailed filing. Detailed filing data is available for this year.$10.6$10.7$0.10$0.03$0.14$0.10