Civic Intelligence

Northern New Mexico Air Alliance

EIN 81-5143045 • 501(c)3 • Santa Fe, NM

Profile

The organization's mission is to generate more flights into santa fe which brings economic growth to local businesses and the community.

PO Box 8133Santa Fe, NM 87504

flysantafe.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

57th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

NTEE S41 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

56th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

NTEE S41 • <$500k nonprofits • Source year 2024

Net Margin

85th percentile

33%

Higher net margin than 85% of similar nonprofits.

NTEE S41 • <$500k nonprofits • Source year 2024

Top Officer Pay

83rd percentile

$0

Higher top officer pay than 83% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

NTEE S41 • <$500k nonprofits • Source year 2024

Asset Growth

100th percentile

1094%

Faster asset growth than 100% of similar nonprofits.

NTEE S41 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

93rd percentile

107%

Faster revenue growth than 93% of similar nonprofits.

NTEE S41 • <$500k nonprofits • Annualized from 2023 to 2024

Assets

Up

$80,299

Up $73,573 (+1094%) from 2023

Liabilities

Flat

$0

Flat from 2023

Net Assets

Up

$80,299

Up $73,573 (+1094%) from 2023

Revenue

Up

$224,725

Up $115,931 (+107%) from 2023

Expenses

Down

$151,158

Down $42,977 (-22%) from 2023

Net Income

Up

$73,567

Up $158,908 (+186%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$150K$100K$50K$0Assets 2018: $13,461Liabilities 2018: $0Net Assets 2018: $13,4612018Assets 2019: $55,193Liabilities 2019: $0Net Assets 2019: $55,1932019Assets 2020: $130,144Liabilities 2020: $0Net Assets 2020: $130,1442020Assets 2021: $96,555Liabilities 2021: $0Net Assets 2021: $96,5552021Assets 2022: $92,067Liabilities 2022: $0Net Assets 2022: $92,0672022Assets 2023: $6,726Liabilities 2023: $0Net Assets 2023: $6,7262023Assets 2024: $80,299Liabilities 2024: $0Net Assets 2024: $80,2992024

Highlighted filing

2024

Assets$80,299
Liabilities$0
Net Assets$80,299

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$600K$400K$200K$0-$200KRevenue 2018: $429,249Expenses 2018: $472,909Net Income 2018: -$43,6602018Revenue 2019: $207,846Expenses 2019: $166,114Net Income 2019: $41,7322019Revenue 2020: $186,298Expenses 2020: $111,347Net Income 2020: $74,9512020Revenue 2021: $100,000Expenses 2021: $133,589Net Income 2021: -$33,5892021Revenue 2022: $105,000Expenses 2022: $109,488Net Income 2022: -$4,4882022Revenue 2023: $108,794Expenses 2023: $194,135Net Income 2023: -$85,3412023Revenue 2024: $224,725Expenses 2024: $151,158Net Income 2024: $73,5672024

Highlighted filing

2024

Revenue$224,725
Expenses$151,158
Net Income$73,567

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Sep 28, 2025
Return Version
2024v5.2
Gross Receipts
$224,725
Mission and Program Overview

Mission

The organization's mission is to generate more flights into santa fe which brings economic growth to local businesses and the community.

The northern new mexico air alliance is a voluntary 501(c)3 organization established to promote economic development in northern new mexico by encouraging and supporting continued growth and improvement of the santa fe regional airport.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$6,726$80,299▲ $73,573
Total Assets$6,726$80,299▲ $73,573
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$6,726$80,299▲ $73,573
Total Net Assets Fund Balance$6,726$80,299▲ $73,573
Total Liabilities and Net Assets / Fund Balance$6,726$80,299▲ $73,573
Compensation and Service Providers

Board Members and Trustees

NameTitle
Paul MargetsonPresident
Randy RandallVice President
Stewart C CookExecutive Director
Revenue and Support

Revenue Composition

Contributions and Grants
$224,725
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$73,567
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$151,158
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
Advertising$121,364--$121,364
Fees for Services Management$9,760$9,759-$19,519
Insurance-$3,854-$3,854
Conferences and Meetings-$2,660-$2,660
Travel-$1,436-$1,436
Fees for Services Accounting-$1,298-$1,298
Office Expenses-$360-$360
Fees for Services Legal-$352-$352
Other Expenses$29$27-$27
Total Functional Expenses$131,268$19,890$0$151,158
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
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 B, Line 11B

Form 990 is provided to northern new mexico air alliance's board of directors which reviews and approves the form before filing. All board members also receive a copy of form 990 prior to filing.

Form 990, Part VI, Section C, Line 19

Northern new mexico air alliance makes its governing documents available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Northern New Mexico Air Alliance
EIN
81-5143045
Phone
5054702023
Address
PO BOX 8133, SANTA FE, NM 87504

Signing Officer

Name
Paul Margetson
Title
President
Phone
5059822095
Signed
2025-09-28
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Paul Margetson
Formed
2017
Legal Domicile
Nm
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
0

Preparer

Firm
Swain & Grieco LLC
Address
2050 BOTULPH ROAD SUITE A, SANTA FE, NM 87505
Preparer
Michael D Swain CPA
Phone
5059883770
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

ROUNDING 6.

Raw XML Appendix288 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.

Path#Value
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IRS990/ActivityOrMissionDesc0THE NORTHERN NEW MEXICO AIR ALLIANCE IS A VOLUNTARY 501(C)3 ORGANIZATION ESTABLISHED TO PROMOTE ECONOMIC DEVELOPMENT IN NORTHERN NEW MEXICO BY ENCOURAGING AND SUPPORTING CONTINUED GROWTH AND IMPROVEMENT OF THE SANTA FE REGIONAL AIRPORT.
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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2EXECUTIVE DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd01
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IRS990/NetAssetsOrFundBalancesBOYAmt06726
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IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0360
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IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
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IRS990/OtherChangesInNetAssetsAmt06
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORM 990 IS PROVIDED TO NORTHERN NEW MEXICO AIR ALLIANCE'S BOARD OF DIRECTORS WHICH REVIEWS AND APPROVES THE FORM BEFORE FILING. ALL BOARD MEMBERS ALSO RECEIVE A COPY OF FORM 990 PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NORTHERN NEW MEXICO AIR ALLIANCE MAKES ITS GOVERNING DOCUMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ROUNDING 6.
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ReturnHeader/BuildTS02025-03-06 01:10:19Z
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ReturnHeader/ReturnTs02025-10-07T14:37:12-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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