Skip to content
Nonprofiteer
← NEW MEXICO PROPERTY INSURANCE PROGRAM

Form 990 for tax year 2024

Filed by NEW MEXICO PROPERTY INSURANCE PROGRAM.

Totals

Total revenue
$16,595,767
Total expenses
$11,815,330
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$16,405,621
Investment income
$190,146
Other revenue
$0
Total assets, end of year
$8,268,950
Total liabilities, end of year
$827
Net assets or fund balances, end of year
$8,268,123
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: ASSESSMENT REVENUE

    total $10,524,128 · related or exempt $10,524,128

  • 2b · Program service revenue: PREMIUMS COLLECTED

    total $5,881,493 · related or exempt $5,881,493

  • 3 · Investment income

    total $235,206 · excluded $235,206

  • 7a · Gross sales of assets other than inventory

    securities $1,134,872

  • 7b · Less cost or other basis and sales expenses

    securities $1,179,932

  • 7c · Gain or loss

    securities -$45,060

  • 7d · Net gain or loss

    total -$45,060 · excluded -$45,060

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $121,898

  • 7 · Other salaries and wages

    total $245,660

  • 8 · Pension plan contributions

    total $9,021

  • 9 · Other employee benefits

    total $41,486

  • 10 · Payroll taxes

    total $28,428

  • 11b · Fees: legal

    total $18,844

  • 11c · Fees: accounting

    total $41,094

  • 11g · Fees: other

    total $690,270

  • 13 · Office expenses

    total $62,246

  • 14 · Information technology

    total $179,842

  • 16 · Occupancy

    total $40,247

  • 17 · Travel

    total $4,550

  • 19 · Conferences, conventions and meetings

    total $9,795

  • 23 · Insurance

    total $5,093

  • 24a · Other expenses: CLAIM LOSSES/ADJUSTMENT

    total $10,212,078

  • 24b · Other expenses: BANK & CREDIT CARD FEES

    total $59,979

  • 24c · Other expenses: SERVICE FEES

    total $25,979

  • 24d · Other expenses: EQUIPMENT

    total $17,717

  • 24e · All other expenses

    total $1,103

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,084 · end of year $37,690

  • 2 · Savings and temporary cash investments

    beginning of year $1,781,482 · end of year $7,630,986

  • 9 · Prepaid expenses and deferred charges

    end of year $5,583

  • 11 · Investments: publicly traded securities

    beginning of year $1,702,760 · end of year $587,951

  • 15 · Other assets

    beginning of year $2,157 · end of year $6,740

  • 25 · Other liabilities

    beginning of year $797 · end of year $827

  • 27 · Net assets without donor restrictions

    beginning of year $3,487,686 · end of year $8,268,123

Mission and programs · 2024

Mission

TO PROVIDE ESSENTIAL PROPERTY INSURANCE TO APPLICANTS IN NEW MEXICO WHO ARE UNABLE TO SECURE IT IN THE NORMAL MARKET.

Activities or mission (Part I)

TO PROVIDE ESSENTIAL PROPERTY INSURANCE TO APPLICANTS IN NEW MEXICO.

  • PROVIDE ESSENTIAL PROPERTY INSURANCE TO APPLICANTS IN NEW MEXICO WHO ARE UNABLE TO SECURE IT IN THE NORMAL INSURANCE MARKET. 559 CLAIMS WERE PROCESSED IN 2024. THERE WERE 7,425 POLICIES IN FORCE AS OF 12/31/2024.

As filed on the 2024 return.

Listed in Part VII

  • Kendra Zacharias

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Melissa Grandon

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Steve Fletcher

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Kris Martin

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Sarah Barnes

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Daryl Filipek

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Melissa Robertson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Duane Bender

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Derek Thompson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Analisa Sisneros

    EXECUTIVE DIRECTOR

    Total calculated
    $121,898
    From this org
    $115,177
    From related orgs
    $0
    Other
    $6,721
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
10 November 2025
IRS schema version
2024v5.2
Source object
202533169349305818

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.