New Mexico Tech University Research Park Corporation
New Mexico Tech University Research Park Corporation shows highly volatile finances with significant year-to-year swings in revenue and expenses.
EIN: 201415351 · Socorro, NM · NTEE: B43 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $176K |
| Total Expenses | $165K |
| Program Spending | 70% |
| Net Assets | $1.7M |
| Transparency Score | 65/100 |
Is New Mexico Tech University Research Park Corporation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
New Mexico Tech University Research Park Corporation directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About New Mexico Tech University Research Park Corporation
New Mexico Tech University Research Park Corporation (EIN: 201415351) is a nonprofit organization based in Socorro, NM, classified under NTEE code B43. The organization reported total revenue of $176K and total assets of $3.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of New Mexico Tech University Research Park Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
New Mexico Tech University Research Park Corporation is a small nonprofit that has been operating for 12 years, with 10 years of IRS 990 filings on record (2014–2023). Revenue has grown at a compound annual rate of -21.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $30K |
| Total Expenses | $165K |
| Surplus / Deficit | $-135,931 |
| Total Assets | $2.8M |
| Total Liabilities | $1.1M |
| Net Assets | $1.7M |
| Operating Margin | -460.2% |
| Debt-to-Asset Ratio | 38.5% |
| Months of Reserves | 204.3 months |
Financial Health Grade: B
In 2023, New Mexico Tech University Research Park Corporation reported a deficit of $136K with expenses exceeding revenue, holds 204.3 months of operating reserves (strong position), has a debt-to-asset ratio of 38.5% (moderate leverage).
Financial Trends
Over 10 years of filings (2014–2023), New Mexico Tech University Research Park Corporation's revenue has declined at a compound annual growth rate (CAGR) of -21.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -98.2% | +90.8% | +15.4% |
| 2022 | +164492.6% | -24.1% | +262.1% |
| 2021 | -98.6% | -92.9% | +31.7% |
| 2020 | -8.3% | +259.9% | -73.1% |
| 2019 | -77.4% | +1075.6% | -14.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2014 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates New Mexico Tech University Research Park Corporation with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, New Mexico Tech University Research Park Corporation allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $136K, with expenses exceeding revenue.
- Debt-to-asset ratio: 38.5%.
Executive Compensation Analysis
Executive compensation is consistently reported at 0% across all available filings, indicating that no officers received compensation from the organization, which is highly unusual for an entity with millions in assets and significant operational expenses.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of New Mexico Tech University Research Park Corporation's IRS 990 filings:
- Extreme year-to-year financial volatility in both revenue and expenses.
- Significant operational deficits in multiple years (e.g., 202306, 202006, 201906).
- Lack of detailed functional expense breakdown in provided data, hindering efficiency analysis.
- Fluctuating liabilities, reaching over $1 million in the latest period, without clear explanation.
Strengths
The following positive indicators were identified for New Mexico Tech University Research Park Corporation:
- Consistent IRS 990 filing history, indicating regulatory compliance.
- Consistently reports 0% officer compensation, suggesting resources are not diverted to executive pay.
- Maintains substantial assets, with $3,306,664 in the latest period, providing a financial cushion.
- Periods of strong revenue generation (e.g., $1.6M in 202206, $1.6M in 201506).
Frequently Asked Questions about New Mexico Tech University Research Park Corporation
Is New Mexico Tech University Research Park Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, New Mexico Tech University Research Park Corporation (EIN: 201415351) some concerns. Mission Score: 65/100. 4 red flags identified, 4 strengths noted.
How does New Mexico Tech University Research Park Corporation spend its money?
New Mexico Tech University Research Park Corporation directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to New Mexico Tech University Research Park Corporation tax-deductible?
New Mexico Tech University Research Park Corporation is registered as a tax-exempt nonprofit (EIN: 201415351). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of New Mexico Tech University Research Park Corporation's spending goes to programs?
New Mexico Tech University Research Park Corporation directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does New Mexico Tech University Research Park Corporation compare to similar nonprofits?
With a transparency score of 65/100 (Good), New Mexico Tech University Research Park Corporation is above average for NTEE category B43 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is New Mexico Tech University Research Park Corporation located?
New Mexico Tech University Research Park Corporation is headquartered in Socorro, New Mexico and files with the IRS under EIN 201415351. It is classified under NTEE code B43.
How many years of IRS 990 filings does New Mexico Tech University Research Park Corporation have?
New Mexico Tech University Research Park Corporation has 10 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $176K in total revenue.
Why is there such extreme volatility in revenue and expenses year-over-year?
The provided data shows revenue ranging from $1,000 (202106) to $1,645,926 (202206) and expenses from $3,044 (201606) to $1,608,857 (202006). This suggests project-based funding or significant one-time events that heavily impact financial statements.
How does the organization sustain operations with such large deficits in certain years?
In periods like 202306 (expenses $165,468 vs. revenue $29,537) and 202006 (expenses $1,608,857 vs. revenue $70,585), expenses significantly exceeded revenue. This could be sustained through prior year surpluses, grants, or drawing down on assets, which have fluctuated but generally remained substantial.
What are the specific program services provided by the research park?
The NTEE code B43 indicates 'Research Institutes & Services'. Without the full 990, specific program details are not available, but the mission likely involves fostering research and development activities.
What is the source of the organization's liabilities, which reached over $1 million in 202306?
Liabilities have varied significantly, from $0 in 201606 to $1,083,288 in 202306. The nature of these liabilities (e.g., debt, accounts payable, deferred revenue) is not specified in the summary data but warrants investigation.
Filing History
IRS 990 filing history for New Mexico Tech University Research Park Corporation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2014–2023), New Mexico Tech University Research Park Corporation's revenue has declined by 88.4%, moving from $255K to $30K. Total assets increased by 655.4% over the same period, from $373K to $2.8M. Total functional expenses fell by 9.1%, from $182K to $165K. In its most recent filing year (2023), New Mexico Tech University Research Park Corporation reported a deficit of $136K, with expenses exceeding revenue. The organization holds $1.1M in liabilities against $2.8M in assets (debt-to-asset ratio: 38.5%), resulting in net assets of $1.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $30K | $165K | $2.8M | $1.1M | — | View 990 |
| 2022 | $1.6M | $87K | $2.4M | $636K | — | View 990 |
| 2021 | $1K | $114K | $674K | $355K | — | View 990 |
| 2020 | $71K | $1.6M | $512K | $80K | — | View 990 |
| 2019 | $77K | $447K | $1.9M | $89K | — | View 990 |
| 2018 | $340K | $38K | $2.2M | $35K | — | View 990 |
| 2017 | $76K | $27K | $1.9M | $2K | — | View 990 |
| 2016 | $220K | $3K | $3.6M | $0 | — | View 990 |
| 2015 | $1.6M | $32K | $3.9M | $58K | — | View 990 |
| 2014 | $255K | $182K | $373K | $201K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $30K, expenses of $165K, and assets of $2.8M (revenue -98.2% year-over-year).
- 2022: Revenue of $1.6M, expenses of $87K, and assets of $2.4M (revenue +164492.6% year-over-year).
- 2021: Revenue of $1K, expenses of $114K, and assets of $674K (revenue -98.6% year-over-year).
- 2020: Revenue of $71K, expenses of $1.6M, and assets of $512K (revenue -8.3% year-over-year).
- 2019: Revenue of $77K, expenses of $447K, and assets of $1.9M (revenue -77.4% year-over-year).
- 2018: Revenue of $340K, expenses of $38K, and assets of $2.2M (revenue +347.7% year-over-year).
- 2017: Revenue of $76K, expenses of $27K, and assets of $1.9M (revenue -65.4% year-over-year).
- 2016: Revenue of $220K, expenses of $3K, and assets of $3.6M (revenue -86.4% year-over-year).
- 2015: Revenue of $1.6M, expenses of $32K, and assets of $3.9M (revenue +536.4% year-over-year).
- 2014: Revenue of $255K, expenses of $182K, and assets of $373K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for New Mexico Tech University Research Park Corporation:
Data Sources and Methodology
This transparency report for New Mexico Tech University Research Park Corporation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.