Nonprofit · EIN 74-1936016
NEW MEXICO LIFE INSURANCE GUARANTY ASSOCIATION
Tax-exempt · ALBUQUERQUE, NM 87102
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $2,197,712 | $2,757,473 | -$559,761 | $3,306,810 | $0 | $3,306,810 |
| December 31, 2024 | 990 | $3,127,021 | $592,745 | $2,534,276 | $3,866,571 | $0 | $3,866,571 |
| December 31, 2023 | 990 | $931,667 | $835,842 | $95,825 | $1,332,295 | $0 | $1,332,295 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $2,150,068
- Investment income
- $47,590
- Other revenue
- $54
Expenses
- Grants and similar amounts paid
- $0
- Benefits paid to members
- $2,367,903
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $11,734
- Accounting fees
- $31,781
- Travel
- $24,441
Balance sheet and other
- Total assets, start of year
- $3,866,571
- Total assets, end of year
- $3,306,810
- Total liabilities, end of year
- $0
- Net assets, end of year
- $3,306,810
- Net assets without donor restrictions
- $3,306,810
- Gross receipts
- $2,197,712
- Employees
- 0
- Volunteers
- 0
- Year formed
- 1979
- State of legal domicile
- NM
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ROSA G ITURBIDES | CHAIR Trustee or director, Officer | 2 | $0 |
| GERRIE MARKS | VICE-CHAIR Trustee or director, Officer | 2 | $0 |
| BOB CORN | SECRETARY Trustee or director, Officer | 2 | $0 |
| ERIC DUPONT | TREASURER Trustee or director, Officer | 2 | $0 |
| MEGAN CLAYPOOL | DIRECTOR Trustee or director | 2 | $0 |
| JEFF MARTIN | DIRECTOR Trustee or director | 2 | $0 |
| DARIE JORDAN | DIRECTOR Trustee or director | 2 | $0 |
| JAMES HARRISON | DIRECTOR Trustee or director | 2 | $0 |
| MATTHEW AHMANN | DIRECTOR Trustee or director | 2 | $0 |
| TOM RUSHTON | DIRECTOR Trustee or director | 2 | $0 |
| PAMELA OLSEN | EXECUTIVE DIRECTOR Officer | 30 | $0 |
990 for the year ended December 31, 2024: 10 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ROSA G ITURBIDES | CHAIR Trustee or director, Officer | 2 | $0 |
| GERRIE MARKS | VICE-CHAIR Trustee or director, Officer | 2 | $0 |
| BOB CORN | SECRETARY Trustee or director, Officer | 2 | $0 |
| ERIC DUPONT | TREASURER Trustee or director, Officer | 2 | $0 |
| MEGAN CLAYPOOL | DIRECTOR Trustee or director | 2 | $0 |
| JOHN C COOK | DIRECTOR Trustee or director | 2 | $0 |
| DARIE JORDAN | DIRECTOR Trustee or director | 2 | $0 |
| JAMES HARRISON | DIRECTOR Trustee or director | 2 | $0 |
| MATTHEW AHMANN | DIRECTOR Trustee or director | 2 | $0 |
| TOM RUSHTON | DIRECTOR Trustee or director | 2 | $0 |
990 for the year ended December 31, 2023: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Rosa G Iturbides | Chair Trustee or director, Officer | 2 | $0 |
| Gerrie Marks | Vice-Chair Trustee or director, Officer | 2 | $0 |
| Bob Corn | Secretary Trustee or director, Officer | 2 | $0 |
| Donald L Hunter | Treasurer Trustee or director, Officer | 2 | $0 |
| Megan Claypool | Director Trustee or director | 2 | $0 |
| John C Cook | Director Trustee or director | 2 | $0 |
| Eric DuPont | Director Trustee or director | 2 | $0 |
| Sarah James | Director Trustee or director | 2 | $0 |
| Darie Jordan | Director Trustee or director | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 201 3RD ST NW STE 1200, ALBUQUERQUE, NM 87102-3382
- In care of
- % RICHARD P COOLEY
- Principal officer (990 for 2025)
- PAMELA OLSEN, 201 THIRD STREET NW SUITE 1200, ALBUQUERQUE, NM 87102
- Signed the 990
- PAMELA OLSEN, EXECUTIVE DIRECTOR
- Phone
- (505) 820-7355
- Website
- WWW.NMLIFEGA.ORG
- Return prepared by
- HBE LLP
Mission
TO PROVIDE A MECHANISM TO FACILITATE CONTINUATION OF COVERAGE, PAYMENT OF COVERED CLAIMS UNDER CERTAIN INSURANCE POLICIES, TO AVOID EXCESSIVE DELAY IN PAYMENT AND AVOID FINANCIAL LOSS TO CLAIMANTS OR POLICYHOLDERS BECAUSE OF INSOLVENCY OF AN INSURER, TO ASSIST IN DETECTION AND PREVENTION OF INSURER INSOLVENCIES AND PROVIDE AN ASSOCIATION TO ASSESS THE COST OF SUCH PROTECTION AMONG INSURERS.
Program accomplishments
- BENEFITS PAID AND EXPENSES INCURRED TO PROTECT POLICY HOLDERS OF INSOLVENT INSURANCE COMPANIES.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 74-1936016
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $3,306,810
- Income (IRS master file)
- $2,197,712
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $2,197,712 | $2,757,473 | $3,306,810 | IRS |
| 990 | December 2024 | $3,127,021 | $592,745 | $3,866,571 | IRS |
| 990 | December 2023 | $931,667 | $835,842 | $1,332,295 | XML |
| 990 | December 2022 | $236,223 | $428,108 | $1,236,470 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 74-1936016).
Questions about NEW MEXICO LIFE INSURANCE GUARANTY ASSOCIATION
- What is the EIN of NEW MEXICO LIFE INSURANCE GUARANTY ASSOCIATION?
- The employer identification number (EIN) of NEW MEXICO LIFE INSURANCE GUARANTY ASSOCIATION is 74-1936016.
- Is NEW MEXICO LIFE INSURANCE GUARANTY ASSOCIATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6).
- Are donations to NEW MEXICO LIFE INSURANCE GUARANTY ASSOCIATION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does NEW MEXICO LIFE INSURANCE GUARANTY ASSOCIATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of NEW MEXICO LIFE INSURANCE GUARANTY ASSOCIATION due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did NEW MEXICO LIFE INSURANCE GUARANTY ASSOCIATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of NEW MEXICO LIFE INSURANCE GUARANTY ASSOCIATION?
- The 990 for the year ended December 31, 2025 names PAMELA OLSEN.
- Who are the officers and directors of NEW MEXICO LIFE INSURANCE GUARANTY ASSOCIATION?
- The 990 for the year ended December 31, 2025 lists 11 people; 0 received compensation from the organization.
- How much revenue does NEW MEXICO LIFE INSURANCE GUARANTY ASSOCIATION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $2,197,712, expenses of $2,757,473 and total assets of $3,306,810 at year end.
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