National Association of Industrial Banks

EIN: 270426371

Salt Lake City, UT

Total Revenue
$469,136
Total Expenses
$459,011
Total Assets
$97,892
Net Assets
$55,547
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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
1951
Legal Domicile
UT
Phone
8013552821
Tax Period
2024-01-01 to 2024-12-31

National Association of Industrial Banks, founded in 1951, is a small nonprofit that reported $469K in total revenue in fiscal year 2024. Revenue surged 598% from the prior year, signaling strong growth momentum.

Mission

Ohter lobbying and management activities to protect and promote the industrial bank industry.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $48,300
Program Service Revenue $420,833
Investment Income $3
Other Revenue $0
TOTAL REVENUE $469,136

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $455,675
Other Expenses $459,011
TOTAL EXPENSES $459,011

Year-over-Year Comparison

2024 2023 Change
Revenue $469,136 $67,238 +6.0%
Expenses $459,011 $54,733 +7.4%
Net Income $10,125 $12,505 -0.2%
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

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Governance

Voting Members
13
Independent Members
13
Employees
N/A
Volunteers
N/A

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
0
$0
Total Directors
13
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Ray Specht Chairman Emeritus 3.00
Director
$0 $0 $0
Andrea Moss President 3.00
Director
$0 $0 $0
Ed Haidenthaller Vice President 3.00
Director
$0 $0 $0
Sherrie Rees Member-at-large 3.00
Director
$0 $0 $0
John Taylor Member-at-large 3.00
Director
$0 $0 $0
Reese Howell Member-at-Large 3.00
Director
$0 $0 $0
Bill Donnelly SecretaryTreasurer 3.00
Director
$0 $0 $0
Christi Palmer Member-at-large 3.00
Director
$0 $0 $0
Lew Goodwin Member-at-large 3.00
Director
$0 $0 $0
Frank Pignanelli Executive Director 6.00
Director
$0 $0 $0
Tracy Sandin Member-at-large 3.00
Director
$0 $0 $0
Mara McNiel Member-at-large 3.00
Director
$0 $0 $0
Nathan Cluff Member-at-large 3.00
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
2024 $469,136 $459,011 $97,892 $10,125
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