Pnm Tnmp Foundation
The PNM TNMP Foundation (formerly known as the PNM Resources Foundation) is a private foundation established in 1983 and located in Albuquerque, New Mexico. The foundation is an employee-led organization that operates through trust-based philanthropy, partnering with mission-aligned nonprofits across New Mexico and Texas. The foundation is affiliated with PNM Resources, Inc., which operates two utilities: Public Service Company of New Mexico (PNM) and Texas-New Mexico Power Company (TNMP).
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$14.2M
-5.2% YoY
Annual Giving
$1.3M
-3.9% YoY
Grant Count
169
+4.3% YoY
Avg Grant Size
$8K
-7.8% YoY
Mission & Focus Areas
Mission Statement: The foundation supports programs designed to promote education, the environment, and economic vitality.
Primary Focus Areas:
- Increasing access to affordable housing
- Reducing homelessness
- Increasing community safety
- Reducing carbon emissions
- Supporting education growth throughout New Mexico and areas within Texas
- Energy efficiency and renewable energy initiatives
Grantmaking
1. **Employee Matching Gifts**
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Geographic Focus
Where this funder awards grants
The foundation provides funding to nonprofits and institutions in:
- New Mexico (primary focus)
- Texas (secondary focus, particularly areas served by TNMP)
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of 2024:
- Total Assets: $14,209,517
- Total Revenues: $589,371
- Total Expenses: $1,383,588
- Number of Employees: 0
IRS Filing: The organization is required to file IRS Form 990-PF.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $14,209,517 | $14,983,568 | $15,777,160 |
| Revenue | $589,371 | $602,607 | $81,810 |
| Expenses | $1,383,588 | $1,401,200 | $1,403,735 |
| Qualifying Distributions | $1,332,210 | $1,349,665 | $1,362,062 |
| Net Investment Income | $546,916 | $563,425 | $412,135 |
| Distributable Amount | $812,117 | $750,658 | $828,734 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
250 grants across all recorded years
Open Grants
2 open opportunities from Pnm Tnmp Foundation
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
- Laurie Roach - Executive Director
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| LISA GOODMAN | PAST PRESIDENT | 1 | — |
| CATHY NEWBY | VICE PRESIDENT | 1 | — |
| ERNIE RODARTE | SECRETARY/TREASURER | 1 | — |
| AIDAN GALLEGOS | TRUSTEE | 1 | — |
| ANGEL VELASQUEZ | TRUSTEE | 1 | — |
| KEITH NIX | TRUSTEE | 1 | — |
| STACEY GOODWIN | PRESIDENT | 1 | — |
| KRISTIN MCLOUGHLIN | TRUSTEE | 1 | — |
Recent News & Activity
Recent developments and announcements
The foundation has been actively distributing grants to support its mission areas. Recent initiatives include:
PNM Resources Foundation Grants $220,500Awarding grants to 48 New Mexico nonprofits through the Reduce Your Use Grants program
PNM Resources Foundation Grants $220,500Supporting 42 New Mexico nonprofits through various foundation programs
PNM Reduce Your Use Grants awarded to 48 New Mexico nonprofitsDistributing grants of $220,500 to support community initiatives
PNM Resources Foundation Grants $220,500The foundation rebranded from "PNM Resources Foundation" to "PNM TNMP Foundation" to reflect the consolidated business profile of its parent company and the growing presence of TNMP in Texas alongside PNM's operations in New Mexico.
PNM Resources Foundation Grants $220,500Related Funders
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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