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New Mexico Hospital Education & Research Foundation

EIN 85-0361802 · Albuquerque, NM

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthFair66 out of 100GovernanceGood82 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

TO PROMOTE HEALTH CARE EDUCATION AND RESEARCH TO BENEFIT HEALTH CARE PROVIDERS AND COMMUNITIES IN NEW MEXICO.

Income
$527,605
Spending
$626,868
Spent on programs
93%
Reserves
4.9 months of spending
Largest source of income
government grants, 61%
Employees
0
Highest pay
$565,732, president/ce

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Fair: 66 out of 100.

  • Reserves

    20 of 35

    Spendable reserves would cover 4.9 months of spending.

  • Debt

    16 of 20

    It owes 26% of what it owns.

  • Living within its means

    0 of 15

    Spending exceeded income by 19% of income.

  • Income trend

    15 of 15

    Income rose 70% on the year before.

  • Spending floor

    15 of 15

    93% of spending went to programs and raising each dollar of donations cost 0 cents.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Good: 82 out of 100.

  • Independent board

    25 of 25

    13 of 14 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    0 of 8

    Reports no written whistleblower policy.

  • Record keeping policy

    7 of 7

    Has a written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    0 of 10

    Did not give the board a copy of this return before filing it.

  • Pay set independently

    5 of 5

    Sets its chief executive's pay through independent review and comparison.

  • Independent check of accounts

    15 of 15

    Its accounts were audited by an independent accountant.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (5)
  1. $71,887 spent. THE FOUNDATION RECEIVED FUNDING FROM THE DOH TO PROVIDE CRITICAL SUPPORT TO BOTH THE DOH, HEALTHCARE ASSOCIATED INFECTIONS AND ANTIMICROBIAL RESISTANCE (HAI/AR) PROGRAM AS WELL AS THE RURAL AND CRITICAL ACCESS HOSPITALS IN NEW MEXICO TO IMPROVE ANTIMICROBIAL RESISTANCE AND ANTIMICROBIAL USE SURVEILLANCE BY PROVIDING TECHNICAL AND OPERATION ASSISTANCE AS WELL AS FINANCIAL SUPPORT TO IMPLEMENT THE NATIONAL HEALTHCARE SAFETY NETWORK SURVEILLANCE MODULES AND SHARE THAT SURVEILLANCE DATA WITH THE HAI/AR PROGRAM.
  2. $230,034 spent. THE FOUNDATION RECEIVED FUNDING FROM THE DOHS OFFICE OF ASSISTANT SECRETARY FOR PREPAREDNESS AND RESPONSE (ASPR) TO SERVE AS THE MECHANISM TO DISTRIBUTE FUNDING DIRECTLY TO HOSPITALS IN SUPPORT OF URGENT PREPAREDNESS AND RESPONSE NEEDS OF HOSPITALS, HEALTH SYSTEMS AND HEALTH CARE WORKERS DURING THE COVID-19 PANDEMIC, AS WELL AS TO SUPPORT THEIR PREPARATION FOR FUTURE SPECIAL PATHOGEN DISEASE OUTBREAKS.
  3. $235,436 spent. THE FOUNDATION ENTERED INTO A CONTRACT WITH CONVERGENCE HEALTH, A HOSPITAL QUALITY IMPROVEMENT CONTRACTOR (HQIC) WHICH RECEIVED FUNDING THROUGH SEPTEMBER 2024 FROM CENTER FOR MEDICARE & MEDICAID SERVICES (CMS) THAT ESTABLISHED A NETWORK OF QUALITY IMPROVEMENT AND INNOVATION CONTRACTORS (NQIIC), TO ACHIEVE LARGE SCALE IMPROVEMENT RESULTS USING EFFECTIVE AND INNOVATIVE QUALITY IMPROVEMENT STRATEGIES THAT ARE DATA DRIVEN AND TRANSPARENT.
  4. $43,016 spent. THE W.K. KELLOGG FOUNDATION AWARDED THE NEW MEXICO HOSPITAL ASSOCIATION (NMHA) GRANT DOLLARS TO SUPPORT WORK THAT WILL ADVANCE HEALTH EQUITY FOR CHILDREN AND FAMILIES. THE FOUNDATION IS MAKING THIS GRANT ON THE CONDITION THAT NEW MEXICO HOSPITAL EDUCATION & RESEARCH FOUNDATION (FISCAL SPONSOR) WILL RECEIVE ALL GRANT FUNDS AS GRANTEES FISCAL SPONSOR AND ENSURE THAT SUCH FUNDS ARE SPENT IN ACCORDANCE WITH THE AGREEMENT. WITH THESE GRANT DOLLARS, THE NMHA WILL DEVELOP EDUCATIONAL SUPPORTS FOR HOSPITALS IN NEW MEXICO THAT WILL IMPROVE HEALTH CARE EXPERIENCES AND ASSIST IN THE ESTABLISHMENT PATIENT ADVISORY COMMITTEES.
  5. THE W.K. KELLOGG FOUNDATION AWARDED THE NEW MEXICO HOSPITAL ASSOCIATION (NMHA) GRANT DOLLARS TO SUPPORT WORK THAT WILL ADVANCE HEALTH EQUITY FOR CHILDREN AND FAMILIES. THE FOUNDATION IS MAKING THIS GRANT ON THE CONDITION THAT NEW MEXICO HOSPITAL EDUCATION & RESEARCH FOUNDATION (FISCAL SPONSOR) WILL RECEIVE ALL GRANT FUNDS AS GRANTEES FISCAL SPONSOR AND ENSURE THAT SUCH FUNDS ARE SPENT IN ACCORDANCE WITH THE AGREEMENT. WITH THESE GRANT DOLLARS, THE NMHA WILL DEVELOP EDUCATIONAL SUPPORTS FOR HOSPITALS IN NEW MEXICO THAT WILL IMPROVE HEALTH CARE EXPERIENCES AND ASSIST IN THE ESTABLISHMENT PATIENT ADVISORY COMMITTEES.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending December 2024.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since February 1990.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.