HEINRICH, MARTIN -- Democratic Candidate for U.S. Senate
PAC-Driven Fundraising with Negative Cash Position
HEINRICH, MARTIN is a Democratic candidate running for U.S. Senate in New Mexico, District 00 during the 2024 election cycle. This page provides a comprehensive campaign finance profile based on official FEC filings, including fundraising totals, spending analysis, and funding source breakdowns.
Candidate Profile
The following profile is based on Federal Election Commission (FEC) records for HEINRICH, MARTIN's 2024 campaign.
- Candidate Name: HEINRICH, MARTIN
- Party Affiliation: Democratic
- Office Sought: U.S. Senate
- State: New Mexico
- District: 00
- Election Cycle: 2024
- FEC Candidate ID: S2NM00088
- Spending Rate: 103% of funds raised have been spent
AI Funding Analysis
HEINRICH, MARTIN has raised $13.2M for the 2024 Senate race in New Mexico, with $13.5M spent and $320K cash on hand. Individual contributions make up 0.0% of total receipts, while PAC contributions account for 21.4%. Primarily funded by PACs and organizations. No individual contributions or party contributions. Significant burn rate and negative cash position. Strong reliance on PACs and organizations for funding.
Campaign Fundraising Summary
HEINRICH, MARTIN has raised $13.2M for their 2024 Senate campaign in New Mexico. The campaign has spent $13.5M (103% of total raised) and currently holds $320K in cash on hand.
| Metric | Amount |
|---|---|
| Total Raised | $13.2M |
| Total Spent | $13.5M |
| Cash on Hand | $320K |
| Spending Rate | 103% |
With a spending rate of 103%, HEINRICH, MARTIN's campaign has deployed nearly all of its raised funds. This high burn rate is typical of competitive races where candidates invest heavily in advertising, staffing, and voter outreach.
Funding Sources Breakdown
The following table breaks down where HEINRICH, MARTIN's campaign funds come from. Understanding the mix of funding sources reveals how a candidate's campaign is financially supported.
| Source | Amount | % of Total |
|---|---|---|
| Individual & Other Contributions | $10.4M | 79% |
| PAC Contributions | $2.8M | 21% |
Individual & Other Contributions represent the largest funding category at $10.4M (79% of total raised). This funding source contributes the largest share of the campaign's total raised.
AI Funding Analysis
HEINRICH, MARTIN's campaign is funded by individual contributions (0.0%, $0), PAC contributions (21.4%, $2.8M), and party committee transfers (0.0%, $0). Other sources account for $10.4M (78.6%).
Donor Patterns
HEINRICH, MARTIN's campaign relies heavily on PAC and organizational support, which accounts for 21.4% of total receipts. Key donor sectors include PACs, Organizations, Other sources. High PAC contributions but no party contributions.
Spending Analysis
HEINRICH, MARTIN has spent $13.5M, which is 102.5% of total receipts. Cash on hand stands at $320K. Negative net cash position despite significant fundraising.
Competitiveness Assessment
HEINRICH, MARTIN's financial position is weak for a Senate race in New Mexico. The campaign has raised $13.2M with $320K remaining. Primary funding source is PACs, not grassroots.
Key Donors Analysis
PAC contributions total $2.8M. Key sectors and interest groups represented among donors include PACs, Organizations, Other sources. Burn rate is very high, suggesting rapid spending.
Top Donors
| Donor | Type | Amount |
|---|---|---|
| Political Action Committees | PAC | $2.8M |
| PACs | Sector | $0 |
| Organizations | Sector | $0 |
| Other sources | Sector | $0 |
Race Opponents: 2024 Senate New Mexico District 00
The following candidates are competing in the same 2024 Senate race in New Mexico, District 00 as HEINRICH, MARTIN.
| Candidate | Party | Total Raised | Total Spent |
|---|---|---|---|
| HEINRICH, MARTIN (current) | Democratic | $13.2M | $13.5M |
| ROBERTS, JOHN THOMAS | Republican | $2K | $2K |
| ROBERTS, JOHN THOMAS | Republican | $2K | $2K |
| DOMENICI, NELLA LOUISE LOUISE | Republican | $7.0M | $6.9M |
| GONZALES, MANUEL MANNY III | Republican | $5K | $5K |
| LUNA, BENJAMIN RALPH #1728 | IDP | $9K | $9K |
| ROSE, JERRY | UN | $3K | $3K |
HEINRICH, MARTIN has raised more than all opponents in this race. The fundraising advantage ratio is 8584.9:1.
Other Candidates in New Mexico
Top-raising federal candidates in New Mexico during the 2024 election cycle.
- VASQUEZ, GABRIEL (DEM, House) -- $7.0M raised
- DOMENICI, NELLA LOUISE LOUISE (REP, Senate) -- $7.0M raised
- HERRELL, STELLA YVETTE (REP, House) -- $4.5M raised
- LEGER FERNANDEZ, TERESA (DEM, House) -- $2.1M raised
- STANSBURY, MELANIE (DEM, House) -- $1.4M raised
Democratic Senate Race in New Mexico
HEINRICH, MARTIN is competing as a Democratic candidate for U.S. Senate in New Mexico, District 00. U.S. Senate races are held every six years on a staggered basis, with each state electing two senators. Senate campaigns tend to be significantly more expensive than House races due to statewide media markets and higher voter populations.
To explore other candidates running in New Mexico, visit the New Mexico campaign finance page. You can also browse all Democratic candidates or view all Senate races nationwide.
Frequently Asked Questions
How much has HEINRICH, MARTIN raised?
HEINRICH, MARTIN has raised a total of $13.2M for the 2024 election cycle. Of that, $13.5M has been spent, leaving $320K cash on hand. Individual contributions account for $0, PAC contributions for $2.8M, and party committee transfers for $0.
Where does HEINRICH, MARTIN's campaign money come from?
HEINRICH, MARTIN's campaign is funded by individual contributions (0.0%), PAC contributions (21.4%), party committee transfers (0.0%). PAC and organizational money is the primary funding source.
How much has HEINRICH, MARTIN spent?
HEINRICH, MARTIN has spent $13.5M of $13.2M raised, which is 102.5% of total receipts. The campaign has $320K remaining cash on hand.
How much cash does HEINRICH, MARTIN have on hand?
HEINRICH, MARTIN currently has $320K in cash on hand. This represents the difference between $13.2M raised and $13.5M spent during the 2024 cycle.
How much PAC money has HEINRICH, MARTIN received?
HEINRICH, MARTIN has received $2.8M from political action committees, representing 21.4% of total campaign funds. PAC money is the largest funding source.
What party is HEINRICH, MARTIN affiliated with?
HEINRICH, MARTIN is running as a Democratic candidate for Senate in New Mexico. The campaign has raised $13.2M for the 2024 election cycle.
What is HEINRICH, MARTIN's campaign burn rate?
HEINRICH, MARTIN's campaign has a burn rate of 103%, having spent $13.5M of $13.2M raised. The campaign is spending nearly all funds raised, leaving minimal reserves.
Is HEINRICH, MARTIN financially competitive?
HEINRICH, MARTIN's financial position is weak for a Senate race. The campaign has raised $13.2M with $320K cash on hand. No individual contributions, indicating a lack of grassroots support.
What does HEINRICH, MARTIN's donor base reveal about their coalition?
HEINRICH, MARTIN's funding profile is PAC and organization-funded. High PAC contributions but no party contributions.
What are the financial strengths and risks for HEINRICH, MARTIN's campaign?
Negative net cash position despite significant fundraising.
How does HEINRICH, MARTIN's fundraising compare to similar campaigns?
Primary funding source is PACs, not grassroots.
What should voters know about HEINRICH, MARTIN's campaign finances?
Burn rate is very high, suggesting rapid spending.
Understanding Campaign Finance Data
Campaign finance data in the United States is regulated by the Federal Election Commission (FEC). All federal candidates -- including those running for President, U.S. Senate, and U.S. House of Representatives -- are required to file periodic financial reports disclosing their campaign contributions and expenditures.
Key terms used in campaign finance reporting include:
- Total Raised (Receipts): The total amount of money received by the campaign from all sources, including individual donors, PACs, party committees, and candidate self-funding.
- Total Spent (Disbursements): The total amount of money the campaign has spent on operations, advertising, payroll, travel, and other campaign activities.
- Cash on Hand: The amount of money remaining in the campaign's accounts after subtracting expenditures from receipts. This represents available resources for future spending.
- Individual Contributions: Donations from individual citizens, subject to contribution limits set by FEC regulations.
- PAC Contributions: Donations from Political Action Committees, which pool contributions from members to support candidates who share their policy interests.
- Party Contributions: Funds provided by national, state, or local party committees to support their party's candidates.
- Candidate Self-Funding: Personal funds contributed or loaned to the campaign by the candidate themselves. Self-funding is not subject to the same contribution limits as outside donations.
All data shown on ReadTheDonation is sourced from official FEC public records. Campaign finance disclosure is a cornerstone of American democratic transparency, allowing voters to understand who is funding political campaigns and how that money is being spent.
Official Source
View the full FEC filing for HEINRICH, MARTIN: FEC.gov -- HEINRICH, MARTIN
Related Candidates and Resources
- New Mexico Campaign Finance -- Explore all candidates running in New Mexico
- Democratic Candidates -- View all Democratic candidates and their fundraising
- Senate Races -- Browse all Senate campaigns nationwide
- Top Donors -- See the largest campaign donors across all candidates
- Search Candidates -- Search for any federal candidate or committee
- FEC Official Filing -- Verify HEINRICH, MARTIN's data directly at FEC.gov
AI-generated analysis from FEC public data. Nonpartisan and informational only.