NATIONAL ASSOCIATION OF INDEPENDENT SCHOOLS INC (EIN 042104741) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1959

Legal Domicile

Principal Officer

COREY MCINTYRE

Phone

2029739700

Tax Period

2023-07-01 to 2024-06-30

NATIONAL ASSOCIATION OF INDEPENDENT SCHOOLS INC, founded in 1959, is a mid-sized nonprofit that reported $25.6M in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $22.7M left a modest 11% surplus.

Mission

AS THE LARGEST ASSOCIATION OF INDEPENDENT SCHOOLS, NAIS CO-CREATES THE FUTURE OF EDUCATION BY UNITING AND EMPOWERING OUR COMMUNITY. WE DO THIS THROUGH THOUGHT LEADERSHIP, RESEARCH, CREATION AND CURATION OF RESOURCES, AND DIRECT COLLABORATION WITH EDUCATION LEADERS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $742,077

Program Service Revenue $22,804,885

Investment Income $2,003,425

Other Revenue $0

TOTAL REVENUE $25,550,387

Expense Breakdown

Grants Paid $0

Salaries & Benefits $10,073,820

Fundraising Expenses $298,874

Program Expenses $19,963,418

Other Expenses $12,671,610

TOTAL EXPENSES $22,745,430

Year-over-Year Comparison

	2023	2022	Change
Revenue	$25,550,387	$23,037,438	+0.1%
Expenses	$22,745,430	$22,548,084	+0.0%
Net Income	$2,804,957	$489,354	+4.7%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✓ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

200

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✓ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$1,870,110

Total Directors

Key Employees

$499,245

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RONNIE E CODRINGTON-CAZEAU	VICE CHAIR	2.00	Officer Director	$0	$0	$0
TEKAKWITHA M PERNAMBUCO-WISE	SECRETARY	2.00	Officer Director	$0	$0	$0
MONIQUE L DEVANE	TRUSTEE	2.00	Director	$0	$0	$0
RANDALL C DUNN	CHAIR	2.00	Officer Director	$0	$0	$0
PENNY EVINS	TREASURER	2.00	Officer Director	$0	$0	$0
MICHAEL NACHBAR	TRUSTEE	2.00	Director	$0	$0	$0
J ROSS PETERS	TRUSTEE	2.00	Director	$0	$0	$0
MADELEINE HEWITT	TRUSTEE	2.00	Director	$0	$0	$0
ADAM WEINBERG	TRUSTEE	2.00	Director	$0	$0	$0
JOHN AUSTIN	TRUSTEE	2.00	Director	$0	$0	$0
NONI THOMAS LOPEZ	TRUSTEE	2.00	Director	$0	$0	$0
JAMES P HONAN	TRUSTEE	2.00	Director	$0	$0	$0
JAMES CALLEROZ WHITE	TRUSTEE	2.00	Director	$0	$0	$0
CRISSY CACERES	TRUSTEE	2.00	Director	$0	$0	$0
SCOTT K PARKER	TRUSTEE	2.00	Director	$0	$0	$0
JEFFREY SELINGO	TRUSTEE	2.00	Director	$0	$0	$0
DONNA M OREM	PRESIDENT UNTIL 8/7/23	50.00	Officer	$525,477	$35,859	$561,336
COREY R MCINTYRE	CHIEF FINANCIAL OFFICER	50.00	Officer	$291,496	$57,094	$348,590
KIRSTEN Z SHERLICK	CHIEF OPERATING OFFICER	50.00	Officer	$308,088	$31,219	$339,307
TIMOTHY JAMES FISH	CHIEF INNOVATION OFFICER	50.00	Officer	$282,747	$57,464	$340,211
DEBRA WILSON	PRESIDENT AS OF 8/8/23	50.00	Officer	$256,367	$24,299	$280,666
MORVA ANN MCDONALD	VICE PRESIDENT, LEADERSHIP & GOVERNANCE	50.00	Key Emp	$233,162	$41,585	$274,747
CAROLINE BLACKWELL	VICE PRESIDENT, EQUITY AND	50.00	Key Emp	$179,658	$44,840	$224,498
JEFFERSON G BURNETT	SENIOR VICE PRESIDENT UNTIL 7/31/23	50.00	Highest	$269,041	$19,873	$288,914
MEGAN HOPE MANN	LEGAL COUNSEL	50.00	Highest	$226,210	$54,641	$280,851
MARK J MITCHELL	VP, ACCESS & AFFORDABILITY	50.00	Highest	$214,268	$46,441	$260,709
HILARY D LAMONTE	VP, DASL	50.00	Highest	$211,704	$42,862	$254,566
WILLIAM JARRED	VICE PRESIDENT, MARKETING, COMMUNICATIONS	50.00	Highest	$214,978	$34,558	$249,536

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	No data	No data	No data	No data
2024	$25,550,387	$22,745,430	$69,707,569	$2,804,957
2023	$23,037,438	$22,548,084	$59,244,151	$489,354
2022	$18,301,841	$16,719,005	$55,691,288	$1,582,836
2021	$18,662,235	$15,481,418	$58,850,620	$3,180,817
2020	$21,194,373	$20,871,371	$46,737,293	$323,002
2019	$20,502,388	$19,590,188	$49,161,682	$912,200

NATIONAL ASSOCIATION OF INDEPENDENT SCHOOLS INC