Civic Intelligence

Adaptive Sports Program New Mexico Inc.

990 • Fiscal year 2025 • EIN 85-0403958

Jul 01, 2024 to Jun 30, 2025 • Filed on Mar 02, 2026

PO Box 5676Santa Fe, NM 87502

(505) 570-5710

Siviq Scores

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

Liabilities / Assets

39th percentile

0.01x

Higher debt load relative to assets than 39% of similar nonprofits.

2025 filings • NTEE N • $1M-$5M nonprofits • Source year 2025

Liabilities / Revenue

40th percentile

0.01x

Higher debt load relative to revenue than 40% of similar nonprofits.

2025 filings • NTEE N • $1M-$5M nonprofits • Source year 2025

Net Margin

75th percentile

22%

Higher net margin than 75% of similar nonprofits.

2025 filings • NTEE N • $1M-$5M nonprofits • Source year 2025

Top Officer Pay

83rd percentile

$87,468

Higher top officer pay than 83% of similar nonprofits.

Top officer pay equals 9.7% of source-year revenue.

2025 filings • NTEE N • $1M-$5M nonprofits • Source year 2025

Asset Growth

90th percentile

35%

Faster asset growth than 90% of similar nonprofits.

2025 filings • NTEE N • $1M-$5M nonprofits • Annualized from 2024 to 2025

Revenue Growth

62nd percentile

12%

Faster revenue growth than 62% of similar nonprofits.

2025 filings • NTEE N • $1M-$5M nonprofits • Annualized from 2024 to 2025

Assets

Up

$755,892

Up $196,057 (+35%) from 2024

Net Assets

Up

$747,601

Up $194,003 (+35%) from 2024

Liabilities

Up

$8,291

Up $2,054 (+33%) from 2024

Revenue

Up

$898,303

Up $93,816 (+12%) from 2024

Expenses

Up

$704,300

Up $146,695 (+26%) from 2024

Net Income

Down

$194,003

Down $52,879 (-21%) from 2024

Historical Trend

Balance Sheet Trend

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

$800K$600K$400K$200K$0Assets 2011: $190,209Net Assets 2011: $190,2092011Assets 2012: $206,910Net Assets 2012: $206,9102012Assets 2013: $215,595Liabilities 2013: $1Net Assets 2013: $215,5942013Assets 2014: $223,126Liabilities 2014: $0Net Assets 2014: $223,1262014Assets 2015: $211,158Liabilities 2015: $12,604Net Assets 2015: $198,5542015Assets 2016: $174,336Liabilities 2016: $10,264Net Assets 2016: $164,0722016Assets 2017: $145,630Liabilities 2017: $4,195Net Assets 2017: $141,4352017Assets 2018: $191,327Liabilities 2018: $8,194Net Assets 2018: $183,1332018Assets 2019: $197,525Liabilities 2019: $8,319Net Assets 2019: $189,2062019Assets 2020: $180,138Liabilities 2020: $33,033Net Assets 2020: $147,1052020Assets 2021: $214,549Liabilities 2021: $33,573Net Assets 2021: $180,9762021Assets 2022: $221,526Liabilities 2022: $4,029Net Assets 2022: $217,4972022Assets 2023: $307,722Liabilities 2023: $4,898Net Assets 2023: $302,8242023Assets 2024: $559,835Liabilities 2024: $6,237Net Assets 2024: $553,5982024Assets 2025: $755,892Liabilities 2025: $8,291Net Assets 2025: $747,6012025

Highlighted filing

2025

Assets$755,892
Liabilities$8,291
Net Assets$747,601

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2011: $125,603Expenses 2011: $135,295Net Income 2011: -$9,6922011Revenue 2012: $145,646Expenses 2012: $128,945Net Income 2012: $16,7012012Revenue 2013: $155,846Expenses 2013: $147,162Net Income 2013: $8,6842013Revenue 2014: $173,682Expenses 2014: $166,150Net Income 2014: $7,5322014Revenue 2015: $173,125Expenses 2015: $209,840Net Income 2015: -$36,7152015Revenue 2016: $208,312Expenses 2016: $242,794Net Income 2016: -$34,4822016Revenue 2017: $238,987Expenses 2017: $261,624Net Income 2017: -$22,6372017Revenue 2018: $270,073Expenses 2018: $228,375Net Income 2018: $41,6982018Revenue 2019: $251,702Expenses 2019: $245,629Net Income 2019: $6,0732019Revenue 2020: $194,467Expenses 2020: $236,568Net Income 2020: -$42,1012020Revenue 2021: $231,838Expenses 2021: $197,967Net Income 2021: $33,8712021Revenue 2022: $282,303Expenses 2022: $245,782Net Income 2022: $36,5212022Revenue 2023: $367,479Expenses 2023: $282,152Net Income 2023: $85,3272023Revenue 2024: $804,487Expenses 2024: $557,605Net Income 2024: $246,8822024Revenue 2025: $898,303Expenses 2025: $704,300Net Income 2025: $194,0032025

Highlighted filing

2025

Revenue$898,303
Expenses$704,300
Net Income$194,003
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Mar 2, 2026
Return Version
2024v5.0
Gross Receipts
$1,075,060
Mission and Program Overview

Mission

To enhance the lives of children and adults with disabilities through recreation. Providing adaptive skiing and snowboarding lessions in the winter and adaptive water sports (sailing, kayaking, paddleboarding) lessons in the summer to persons with physcial and/or cognitive disabilities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$365,003$453,211▲ $88,208
Land, Buildings, and Equipment, Net$50,887$211,393▲ $160,506
Pledges and Grants Receivable$115,122$61,539▼ $53,583
Savings and Temporary Cash Investments$20,501$21,427▲ $926
Inventories for Sale or Use$4,892$4,892→ $0
Prepaid Expenses and Deferred Charges$3,430$3,430→ $0
Total Assets$559,835$755,892▲ $196,057
Liabilities
Accounts Payable and Accrued Expenses$6,237$8,291▲ $2,054
Total Liabilities$6,237$8,291▲ $2,054
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$348,779$607,399▲ $258,620
Net Assets With Donor Restrictions$204,819$140,202▼ $64,617
Total Net Assets Fund Balance$553,598$747,601▲ $194,003
Total Liabilities and Net Assets / Fund Balance$559,835$755,892▲ $196,057

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$48,343$177,745$226,088
Other Land Buildings$163,050$22,510$185,560
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Camille RomeroExecutive DiFT$87,468$87,468

Board Members and Trustees

NameTitle
Vince MarchiPresident
Abigail SouzaBoard Member
Annjenette TorresBoard Member
Bob PeirceBoard Member
Christina DeckerBoard Member
Doreen HurtigBoard Member
Joyce Gonzalez-allerBoard Member
Mario ChavezBoard Member
Veronica MooreBoard Member
Virginia WilliamsBoard Member
Sallie RoeSecretary
Brandon ThompsonTreasurer
Suzanne Serpas-deckerVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$897,411
Program Service Revenue
$35,181
Investment Income
$0
Other Revenue
$-34,289
All Other Contributions
$486,811
Change in Net Assets
$194,003

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table2,127$348,620Cost
Other Non Cash Contri Table267$91,215Estimated Fair Value
Total Noncash Contributions2,394$439,835-

Audited Revenue Reconciliation

Revenue per Audited Statements
$898,303
Revenue Not Reported on Form 990
$464,648
Total Revenue per Audited Statements
$1,362,951
Total Revenue per Form 990
$898,303
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$453,465
Salaries, Compensation, and Employee Benefits$250,835
Total Fundraising Expense$40,649
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$131,563--$131,563
Current Officers, Directors, Trustees, and Key Employees$31,488$44,257$25,622$101,367
Depreciation Depletion$34,203$2,631$752$37,586
Insurance$19,080$2,918$449$22,447
Payroll Taxes$12,534$3,402$1,969$17,905
Occupancy$14,743--$14,743
Fees for Services Accounting-$14,693-$14,693
Fees for Services Other$4,584$5,258$2,426$12,268
All Other Expenses$8,451$406$228$9,085
Other Expenses$6,577$248$1,398$8,223
Advertising$2,718$101$578$3,397
Office Expenses$804$563$1,313$2,680
Travel$1,099--$1,099
Total Functional Expenses$589,174$74,477$40,649$704,300

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,168,948
Expenses per Audited Statements$704,300
Total Expenses per Form 990$704,300
Expenses Not Reported on Form 990$464,648
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$176,757
Fundraising Gross Income$142,468
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Snow Ball$300,956$97,185$107,312$-10,127
Wreath Sales$45,283$45,283$23,909$21,374
Total Events$346,239$142,468$175,327$-32,859
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
Annual disclosure for covered persons
Yes
Audit committee
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
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

Form 990 is reviewed with the treasurer. A copy of form 990 is provided to board members. Board members may comment or inquire regarding form 990. Any comments or inquiries are resolved. Once resolved, form 990 is filed.

Form 990, Page 6, Part VI, Line 12C

Annually board members sign a conflict of interest disclosure in which they attest to the absence of conflicts or disclose possible conflicts for consideration by the board.

Form 990, Page 6, Part VI, Line 15A

The board reviews comparable compensation for similar non-profit entities in the area and determines compensation based on performance and experience.

Form 990, Page 6, Part VI, Line 19

Governing documents, conflict of interest polciy and financial statements are available upon request.

Filing and Contact Details

Filer

Filer Name
Adaptive Sports Program New Mexico
EIN
85-0403958
Phone
5055705710
Address
PO BOX 5676, SANTA FE, NM 87502

Signing Officer

Name
Brandon Thompson
Title
Treasurer
Phone
5055705710
Signed
2026-03-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Brandon Thompson
Formed
1992
Legal Domicile
Nm
Voting Board Members
13
Independent Board Members
13
Employees
8
Volunteers
250

Preparer

Firm
Loftis & Lovato Group
Address
5501 EAGLE ROCK AVE NE SUITE C-5, ALBUQUERQUE, NM 87113
Preparer
Nick Loftis
Phone
5052935009
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

To enhance the lives of children and adults with disabilities through recreation. Providing adaptive skiing and snowboarding lessions in the winter and adaptive water sports (sailing, kayaking, paddleboarding) lessons in the summer to persons with physcial and/or cognitive disabilities.

Form 990, Part XI, Line 9

Special event expense 176,757 special event expense -176,757

Financial Statement Notes

Schedule D, Page 3, Part X

Adaptive sports program new mexico, inc. (the "program") is exempt from income taxes under section 501(c)(3) of the internal revenue code, and has been classified by the internal revenue service as an organization that is not a private foundation. The program regularly evaluates activities as it relates to its tax exempt status. If the program's activities are determined to be outside of its tax exempt status the potential exisits for tax liabilities on those unrelated activities. The program's open audit periods are for the years ended june 30, 2022 and thereafter. The program has adopted the provisions of fasb asc 740-10 "accounting for uncertainty in income taxes". The program has not be recognized any changes to its financial statements for uncertain tax positions resulting from this adoption.

Schedule D, Page 4, Part XI, Line 2D

Special event expense 176,757

Schedule D, Page 4, Part XII, Line 2D

Special event expense 176,757

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IRS990/MissionDesc0TO ENHANCE THE LIVES OF CHILDREN AND ADULTS WITH DISABILITIES THROUGH RECREATION. PROVIDING ADAPTIVE SKIING AND SNOWBOARDING LESSIONS IN THE WINTER AND ADAPTIVE WATER SPORTS (SAILING, KAYAKING, PADDLEBOARDING) LESSONS IN THE SUMMER TO PERSONS WITH PHYSCIAL AND/OR COGNITIVE DISABILITIES.
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IRS990/OtherExpensesGrp/Desc2BANK FEES
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IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt03402
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IRS990/ReconcilationRevenueExpnssAmt0194003
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0ADAPTIVE SPORTS PROGRAM NEW MEXICO, INC. (THE "PROGRAM") IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, AND HAS BEEN CLASSIFIED BY THE INTERNAL REVENUE SERVICE AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION. THE PROGRAM REGULARLY EVALUATES ACTIVITIES AS IT RELATES TO ITS TAX EXEMPT STATUS. IF THE PROGRAM'S ACTIVITIES ARE DETERMINED TO BE OUTSIDE OF ITS TAX EXEMPT STATUS THE POTENTIAL EXISITS FOR TAX LIABILITIES ON THOSE UNRELATED ACTIVITIES. THE PROGRAM'S OPEN AUDIT PERIODS ARE FOR THE YEARS ENDED JUNE 30, 2022 AND THEREAFTER. THE PROGRAM HAS ADOPTED THE PROVISIONS OF FASB ASC 740-10 "ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES". THE PROGRAM HAS NOT BE RECOGNIZED ANY CHANGES TO ITS FINANCIAL STATEMENTS FOR UNCERTAIN TAX POSITIONS RESULTING FROM THIS ADOPTION.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1SPECIAL EVENT EXPENSE 176,757
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2SPECIAL EVENT EXPENSE 176,757
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PAGE 4, PART XI, LINE 2D
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2SCHEDULE D, PAGE 4, PART XII, LINE 2D
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$7.56$0.08$7.48$8.98$7.04$1.94
2024Detailed filing. Detailed filing data is available for this year.$5.60$0.06$5.54$8.04$5.58$2.47
2023Detailed filing. Detailed filing data is available for this year.$3.08$0.05$3.03$3.67$2.82$0.85
2022Detailed filing. Detailed filing data is available for this year.$2.22$0.04$2.17$2.82$2.46$0.37
2021Detailed filing. Detailed filing data is available for this year.$2.15$0.34$1.81$2.32$1.98$0.34
2020Detailed filing. Detailed filing data is available for this year.$1.80$0.33$1.47$1.94$2.37$0.42
2019Detailed filing. Detailed filing data is available for this year.$1.98$0.08$1.89$2.52$2.46$0.06
2018Detailed filing. Detailed filing data is available for this year.$1.91$0.08$1.83$2.70$2.28$0.42
2017Detailed filing. Detailed filing data is available for this year.$1.46$0.04$1.41$2.39$2.62$0.23
2016Detailed filing. Detailed filing data is available for this year.$1.74$0.10$1.64$2.08$2.43$0.34
2015Detailed filing. Detailed filing data is available for this year.$2.11$0.13$1.99$1.73$2.10$0.37
2014Summary only. Only limited summary data is available for this year.$2.23$0.00$2.23$1.74$1.66$0.08
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.16$0.00$2.16$1.56$1.47$0.09
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.07$2.07$1.46$1.29$0.17
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.90$1.90$1.26$1.35$0.10