NAF (EIN 133480246) - 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

1988

Legal Domicile

Principal Officer

LISA DUGHI

Phone

2126352400

Tax Period

2023-01-01 to 2023-12-31

NAF, founded in 1988, is a mid-sized nonprofit in the Education sector that reported $20.3M in total revenue in fiscal year 2023. Revenue surged 50% from the prior year, signaling strong growth momentum. Expenses of $25.2M exceeded revenue, resulting in a 24% operating deficit.

Mission

NAF SOLVES SOME OF THE BIGGEST CHALLENGES FACING EDUCATION AND THE ECONOMY BY BRINGING EDUCATION, BUSINESS, AND COMMUNITY LEADERS TOGETHER TO TRANSFORM THE HIGH SCHOOL EXPERIENCE.

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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 $17,537,676

Program Service Revenue $1,996,495

Investment Income $949,533

Other Revenue $-133,817

TOTAL REVENUE $20,349,887

Expense Breakdown

Grants Paid $1,181,638

Salaries & Benefits $13,495,262

Fundraising Expenses $2,799,370

Program Expenses $17,980,924

Other Expenses $9,998,212

TOTAL EXPENSES $25,166,675

Year-over-Year Comparison

	2023	2022	Change
Revenue	$20,349,887	$13,558,397	+0.5%
Expenses	$25,166,675	$24,565,644	+0.0%
Net Income	$-4,816,788	$-11,007,247	-0.6%

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

3765

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

$1,921,969

Total Directors

Key Employees

$1,728,168

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SANFORD I WEILL	CHAIRMAN	4.00	Officer Director	$0	$0	$0
KENNETH I CHENAULT	VICE CHAIRMAN	4.00	Officer Director	$0	$0	$0
ROBERT F SMITH	VICE CHAIRMAN	4.00	Officer Director	$0	$0	$0
EUGENE A LUDWIG	SECRETARY	4.00	Officer Director	$0	$0	$0
JEFFREY A BRILL	DIRECTOR	4.00	Director	$0	$0	$0
URSULA M BURNS	DIRECTOR	4.00	Director	$0	$0	$0
LYNNE M DOUGHTIE	DIRECTOR	4.00	Director	$0	$0	$0
ALEX GORSKY	DIRECTOR	4.00	Director	$0	$0	$0
GREGORY J HAYES	DIRECTOR	4.00	Director	$0	$0	$0
ERIN MCSWEENEY	DIRECTOR	4.00	Director	$0	$0	$0
JENNIFER MORGAN	DIRECTOR	4.00	Director	$0	$0	$0
NICOLA PALMER	DIRECTOR	4.00	Director	$0	$0	$0
THOMAS PENNY III	DIRECTOR	4.00	Director	$0	$0	$0
MARC REED	DIRECTOR	4.00	Director	$0	$0	$0
LARRY RENFRO	DIRECTOR	4.00	Director	$0	$0	$0
JAMES D ROBINSON III	DIRECTOR	4.00	Director	$0	$0	$0
DAVID L STEWARD	DIRECTOR	4.00	Director	$0	$0	$0
SANDY TORCHIA	DIRECTOR	4.00	Director	$0	$0	$0
JOSEPH M TUCCI	DIRECTOR	4.00	Director	$0	$0	$0
MARC WEILL	DIRECTOR	4.00	Director	$0	$0	$0
MATTHEW ZIELINSKI	DIRECTOR	4.00	Director	$0	$0	$0
LISA PAULETTE DUGHI	CHIEF EXECUTIVE OFFICER	40.00	Officer	$452,948	$36,669	$489,617
COLLEEN M DEVERY	CHIEF STRATEGY OFFICER	40.00	Officer	$269,363	$53,447	$322,810
CRAIG W LOVE	CHIEF FINANCIAL OFFICER & TREASURER	40.00	Officer	$265,884	$47,818	$313,702
ELIZABETH PEREZ	CHIEF PARTNERSHIP OFFICER	40.00	Officer	$257,942	$46,874	$304,816
VALAIDA DANIELLE WYNN	CHIEF ADVANCEMENT OFFICER	40.00	Officer	$269,137	$38,885	$308,022
DIRK A BUTLER	CHIEF PROGRAM OFFICER	40.00	Officer	$172,447	$10,555	$183,002
BROOKE A RICE	VP, CURRICULUM & WORK-BASED LEARNING	40.00	Key Emp	$195,237	$20,139	$215,376
SANDRA R GREER-SANDERS	VP, PEOPLE OPERATIONS & TALENT MANAGEMENT	40.00	Key Emp	$195,822	$19,136	$214,958
REEDY MICHELE WADE	VP, ACADEMY ENGAGEMENT & IMPACT	40.00	Key Emp	$190,656	$35,178	$225,834
MARC A LESSER	VP, RESEARCH AND TECHNOLOGY	40.00	Key Emp	$187,463	$28,239	$215,702
HELEN S BLANCH	VP, CURRICULUM & INSTRUCTION	40.00	Key Emp	$187,454	$27,830	$215,284
CAMILLE L CURRIE	VP, MARKETING & COMMUNICATIONS	40.00	Key Emp	$186,604	$26,412	$213,016
TARAWHONA DAVIS BELLEVUE	VP, IDEA STRATEGY	40.00	Key Emp	$185,140	$29,236	$214,376
LINDSEY DIXON	VP, PRODUCT & INNOVATION	40.00	Key Emp	$190,201	$23,421	$213,622
REBECCA A BOSTWICK	ASSISTANT VP, COMMUNITY IMPACT	40.00	Highest	$152,427	$33,589	$186,016
UMANG BERI	SR DIR, DATA & SYSTEMS	40.00	Highest	$159,469	$19,655	$179,124
KEISHA STEPHENSON TAYLOR	SR DIR, ALUMNI & POSTSECONDARY ENGAGEMENT	40.00	Highest	$148,440	$34,925	$183,365
JAMES B COLE	SR DIR, PARTNERSHIP ACTIVATION	40.00	Highest	$153,037	$12,340	$165,377
DON-LEE M APPLYRS	SR DIR, STRATEGIC ENGAGEMENT	40.00	Highest	$148,222	$10,932	$159,154

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
2024	No data	No data	No data	No data
2023	$20,349,887	$25,166,675	$9,794,102	$-4,816,788
2022	$13,558,397	$24,565,644	$19,081,833	$-11,007,247
2021	$18,819,868	$23,124,545	$28,094,768	$-4,304,677
2020	$25,149,718	$19,588,246	$32,321,948	$5,561,472
2019	$26,802,503	$23,550,264	$26,121,624	$3,252,239
2018	$19,364,208	$19,727,291	$21,065,224	$-363,083

NAF