NATIONAL EQUIPMENT FINANCE ASSOCIA… - 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

2008

Legal Domicile

Principal Officer

CHAD SLUSS

Phone

8473805050

Tax Period

2023-01-01 to 2023-12-31

NATIONAL EQUIPMENT FINANCE ASSOCIATION, founded in 2008, is a community nonprofit in the Mutual Benefit sector that reported $1.7M in total revenue in fiscal year 2023. Revenue surged 29% from the prior year, signaling strong growth momentum. Expenses of $1.6M left a modest 9% surplus.

Mission

TO PROVIDE A FORUM FOR MEMBERS TO PURSUE PERSONAL AND PROFESSIONAL GROWTH, ETHICS, ADVOCACY, NETWORKING, EDUCATION AND INVOLVEMENT.

Program Service Accomplishments

Program 1

Expenses: $480,391 Revenue: $516,086

THE FALL FUNDING SYMPOSIUM WAS HELD IN SAN ANTONIO, TEXAS IN OCTOBER 2023. THE EVENT HOSTED APPROXIMATELY 359 LEASING INDUSTRY PROFESSIONALS. ATTENDEES HAD THE OPPORTUNITY TO NETWORK AND TO LEARN HOW...

Program 2

Expenses: $437,262 Revenue: $531,356

SPRING CONFERENCE - THE NEFA SUMMIT WAS HELD IN SAN DIEGO, CALIFORNIA IN MARCH 2023. THE EVENT ATTENDANCE WAS 390 LEASING INDUSTRY PROFESSIONALS THAT GATHERED TO NETWORK AND LEARN ABOUT MARKET...

SPRING CONFERENCE - THE NEFA SUMMIT WAS HELD IN SAN DIEGO, CALIFORNIA IN MARCH 2023. THE EVENT ATTENDANCE WAS 390 LEASING INDUSTRY PROFESSIONALS THAT GATHERED TO NETWORK AND LEARN ABOUT MARKET CONDITIONS AND NEW FINANCING STRATEGIES.

Program 3

Expenses: $104,268 Revenue: $71,675

MINI REGIONAL EVENTS - NEFA HELD 10 MINI REGIONAL EVENTS IN 2023. THESE SMALL SCALE EVENTS WERE HELD IN VARIOUS LOCATIONS THROUGHOUT THE UNITED STATES AND WERE FORUMS FOR REGIONAL NETWORKING AND...

MINI REGIONAL EVENTS - NEFA HELD 10 MINI REGIONAL EVENTS IN 2023. THESE SMALL SCALE EVENTS WERE HELD IN VARIOUS LOCATIONS THROUGHOUT THE UNITED STATES AND WERE FORUMS FOR REGIONAL NETWORKING AND EDUCATION ON A LOCAL LEVEL.

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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 $35,975

Program Service Revenue $1,620,381

Investment Income $65,988

Other Revenue $15,000

TOTAL REVENUE $1,737,344

Expense Breakdown

Grants Paid $36,755

Salaries & Benefits $477,448

Fundraising Expenses $0

Program Expenses $1,494,856

Other Expenses $1,069,754

TOTAL EXPENSES $1,583,957

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,737,344	$1,345,862	+0.3%
Expenses	$1,583,957	$1,348,524	+0.2%
Net Income	$153,387	$-2,662	-58.6%

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

164

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

$197,417

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHAD SLUSS	CEO	40.00	Officer	$191,667	$5,750	$197,417
ROBERT HORNBY	PRESIDENT	2.00	Officer Director	$0	$0	$0
PAUL FOGLE	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
KIM KING	TREASURER	2.00	Officer Director	$0	$0	$0
SHERVIN RASHTI	SECRETARY	2.00	Officer Director	$0	$0	$0
ADAM PETERSON	PAST PRESIDE	2.00	Officer Director	$0	$0	$0
DON COSENZA	DIRECTOR	2.00	Director	$0	$0	$0
ROBERT RINALDI	DIRECTOR	2.00	Director	$0	$0	$0
KAYLA PERLINGER	DIRECTOR	2.00	Director	$0	$0	$0
RON ELWOOD	DIRECTOR	2.00	Director	$0	$0	$0
SCOTT FORREST	DIRECTOR	2.00	Director	$0	$0	$0
BETH MCLEAN	DIRECTOR	2.00	Director	$0	$0	$0
JAIMIE HAVER	DIRECTOR	2.00	Director	$0	$0	$0
DREW OLYNICK	DIRECTOR	2.00	Director	$0	$0	$0

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	No data	No data	No data	No data
2023	$1,737,344	$1,583,957	$2,312,743	$153,387
2022	$1,345,862	$1,348,524	$2,142,066	$-2,662
2021	$820,325	$839,525	$1,993,686	$-19,200
2020	$381,544	$464,811	$2,138,828	$-83,267
2019	$946,506	$692,670	$2,280,954	$253,836
2018	$862,614	$662,835	$1,954,135	$199,779

NATIONAL EQUIPMENT FINANCE ASSOCIATION