New Mexico Life Insurance Guaranty Association
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 944,845 | 906,224 | 38,621 | 15.4 | 0% |
| 2012 | 2,124,077 | 724,638 | 1,399,439 | 42.5 | 0% |
| 2013 | 1,118,846 | 2,718,682 | −1,599,836 | 4.3 | 0% |
| 2014 | 204,324 | 321,992 | −117,668 | 31.6 | 0% |
| 2015 | 230,515 | 358,413 | −127,898 | 24.1 | 0% |
| 2016 | 406,211 | 347,776 | 58,435 | 26.9 | 0% |
| 2017 | 8,235,224 | 7,909,136 | 326,088 | 1.7 | 0% |
| 2018 | 226,397 | 342,427 | −116,030 | 34.6 | 0% |
| 2019 | 255,928 | 370,406 | −114,478 | 28.3 | 0% |
| 2020 | 522,457 | 462,767 | 59,690 | 24.2 | 0% |
| 2021 | 1,155,420 | 661,025 | 494,395 | 25.9 | 0% |
| 2022 | 236,223 | 428,108 | −191,885 | 34.7 | 0% |
| 2023 | 931,667 | 835,842 | 95,825 | 19.1 | 0% |
In its most recent public year (2023), this organization brought in $95,825 more than it spent. Its reserves stood at about 19.1 months of spending, up from 15.4 in 2011. Staff pay was 0% of spending.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
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