NAT ASSOC OF ELECTRICAL DISTRIBUTO… - Form 990 Financial Data

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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

1969

Legal Domicile

Principal Officer

JAMES W SMITH

Phone

3149919000

Tax Period

2024-07-01 to 2025-06-30

NAT ASSOC OF ELECTRICAL DISTRIBUTORS EDUCATION & RESEARCH FOUNDATION INC, founded in 1969, is a community nonprofit in the Community Improvement sector that reported $4.0M in total revenue in fiscal year 2024. Revenue fell 38% from the prior year — a significant decline worth monitoring. Expenses of $3.5M left a modest 11% surplus.

Mission

THE NAED EDUCATION & RESEARCH FOUNDATION PROVIDES INFORMATION AND TRAINING PRODUCTS THAT CREATE THE MOST EFFECTIVE CHANNEL TO THE MARKET FOR DISTRIBUTORS, MANUFACTURERS, AND THEIR CUSTOMERS.

Program Service Accomplishments

Program 1

Expenses: $3,041,185 Revenue: $1,744,201

THE FOUNDATION PROVIDES NUMEROUS EDUCATIONAL OPPORTUNITIES FOR THOSE INTERESTED IN OR CONNECTED TO THE ELECTRICAL DISTRIBUTION INDUSTRY. THE NAED LEARNING CENTER PROVIDES VARIOUS LEVELS OF INDUSTRY SEMINARS AND CURRICULUMS INCLUDING COUNTER SALES, FINANCE/CREDIT, NEW EMPLOYEE ONBOARDING, INSIDE/OUTSIDE SALES, PURCHASING AND WAREHOUSING. THE EPEC (ELECTRICAL PRODUCTS EDUCATION COURSE) HAS HAD OVER 15,000 GRADUATES AND IS THE CORNERSTONE OF SALES AND PRODUCT TRAINING IN THE INDUSTRY. RESEARCH TOOLS ARE ALSO AVAILABLE INCLUDING BENCHMARKING, PROFITABILITY, CHANNEL MATTERS, ENERGY/SUSTAINABILITY, HR/TALENT, LEGAL, SALES/MARKETING AND TECHNOLOGY.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,620,410

Program Service Revenue $1,744,201

Investment Income $603,689

Other Revenue $0

TOTAL REVENUE $3,968,300

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,760,333

Fundraising Expenses $179,366

Program Expenses $3,041,185

Other Expenses $1,784,048

TOTAL EXPENSES $3,544,381

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,968,300	$6,383,007	-0.4%
Expenses	$3,544,381	$2,959,274	+0.2%
Net Income	$423,919	$3,423,733	-0.9%

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

N/A

Volunteers

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

$1,061,457

Total Directors

$548,793

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES W SMITH	NAED PRESIDENT & CEO	1.00	Officer Director	$0	$21,374	$548,793
AMANDA WITHAM	CHAIR	1.00	Officer Director	$0	$0	$0
MICAH CARLTON	CHAIR-ELECT	1.00	Officer Director	$0	$0	$0
PHIL HALE	PAST CHAIR	1.00	Officer Director	$0	$0	$0
KYLE KRIZAN	PAST CHAIR (THRU 05/25)	1.00	Officer Director	$0	$0	$0
ANDREW WARING	CHAIR-ELECT (THRU 05/25)	1.00	Officer Director	$0	$0	$0
BETH DONALDSON	MEMBER-AT-LARGE	1.00	Director	$0	$0	$0
FARIYAL KHANBABI	MEMBER-AT-LARGE (THRU 05/25)	1.00	Director	$0	$0	$0
MIKE MONTANARI	MEMBER-AT-LARGE	1.00	Director	$0	$0	$0
ADRIENNE MYRAND	MEMBER-AT-LARGE	1.00	Director	$0	$0	$0
ARAVIND PADMANABHAN	MEMBER-AT-LARGE	1.00	Director	$0	$0	$0
PHIL TUGGLE	MEMBER-AT-LARGE (THRU 05/25)	1.00	Director	$0	$0	$0
MICHELLE MCNAMARA	SR. VP NAED/ED NAED FDN (THRU 02/25)	20.00	Officer	$0	$49,591	$428,109
MARIE NELSON	VP FINANCE	1.00	Officer	$0	$1,667	$84,555

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	$3,968,300	$3,544,381	$32,574,736	$423,919
2024	$6,383,007	$2,959,274	$30,188,833	$3,423,733
2023	$6,607,010	$2,527,483	$25,141,594	$4,079,527
2022	$3,274,087	$2,104,180	$19,969,630	$1,169,907
2021	$1,918,163	$1,795,380	$21,976,777	$122,783
2020	$1,914,181	$2,096,887	$17,914,325	$-182,706
2019	$2,989,910	$3,063,377	$18,188,204	$-73,467
2018	$2,095,250	$2,417,099	$17,775,059	$-321,849

NAT ASSOC OF ELECTRICAL DISTRIBUTORS EDUCATION & RESEARCH FOUNDATION INC