NFIB THE VOICE OF FREE ENTERPRISE … - 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

2011

Legal Domicile

Principal Officer

BRAD CLOSE

Phone

6158725800

Tax Period

2025-01-01 to 2025-12-31

NFIB THE VOICE OF FREE ENTERPRISE INC, founded in 2011, is a small nonprofit in the Civil Rights & Advocacy sector that reported $777K in total revenue in fiscal year 2025.

Mission

NFIB, THE VOICE OF FREE ENTERPRISE'S MISSION IS TO EDUCATE AMERICANS ON ISSUES OF NATIONAL IMPORTANCE INCLUDING BUT NOT LIMITED TO FREE ENTERPRISE, ENTREPRENEURSHIP, HEALTHCARE, REGULATION & TAXATION. NFIB, THE VOICE OF FREE ENTERPRISE, INC. IS A TENNESSEE NONPROFIT PUBLIC BENEFIT CORPORATION CREATED UNDER THE TENNESSEE NONPROFIT CORPORATION ACT. IT IS ORGANIZED AND SHALL BE OPERATED EXCLUSIVELY TO PROMOTE SOCIAL WELFARE WITHIN THE MEANING OF SECTION 501(C)(4) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED FROM TIME TO TIME, OR THE CORRESPONDING PROVISIONS OF ANY FUTURE UNITED STATES INTERNAL REVENUE LAWS. IN PARTICULAR, THE CORPORATION IS ORGANIZED AND SHALL BE OPERATED EXCLUSIVELY TO FURTHER THE COMMON GOOD AND GENERAL WELFARE BY EDUCATING THE AMERICAN PEOPLE THROUGH RESEARCH, COMMUNICATIONS, AND OUTREACH REGARDING ISSUES OF NATIONAL IMPORTANCE, INCLUDING BUT NOT LIMITED TO FREE ENTERPRISE, ENTREPRENEURSHIP, HEALTHCARE, REGULATION, AND TAXATION. THE CORPORATION IS OPERATED, SUPERVISED, AND CONTROLLED BY THE NATIONAL FEDERATION OF INDEPENDENT BUSINESS (NFIB) AND IS ACCOUNTABLE AND RESPONSIBLE TO ITS PARENT ORGANIZATION, THE NFIB. THE NFIB IS NAMED AS THE ORGANIZATION THAT THE CORPORATION WAS FORMED TO SUPPORT, AND THE NFIB EXERTS CONTROL OF THE CORPORATION'S POLICIES, BUDGET, AND ACTIVITIES.

Program Service Accomplishments

Program 1

Expenses: $740,006 Revenue: $268,353

NFIB, THE VOICE OF FREE ENTERPRISE, INC EDUCATES SMALL BUSINESS OWNERS ABOUT THE PRINCIPLES OF FREE ENTERPRISE, ENTREPRENEURSHIP, REGULATIONS, AND TAXATION. IN DOING SO, IT SUPPORTS THE NFIB SMALL...

NFIB, THE VOICE OF FREE ENTERPRISE, INC EDUCATES SMALL BUSINESS OWNERS ABOUT THE PRINCIPLES OF FREE ENTERPRISE, ENTREPRENEURSHIP, REGULATIONS, AND TAXATION. IN DOING SO, IT SUPPORTS THE NFIB SMALL BUSINESS LEGAL CENTER, WHICH ADVOCATES FOR FREE ENTERPRISE IN COURTS NATIONWIDE AND PROVIDES SUPPORT AND BUSINESS RESOURCES TO SMALL BUSINESSES.

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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 (2025)

Revenue Breakdown

Contributions & Grants $508,444

Program Service Revenue $268,353

Investment Income $0

Other Revenue $0

TOTAL REVENUE $776,797

Expense Breakdown

Grants Paid $740,006

Salaries & Benefits $0

Fundraising Expenses $8,144

Program Expenses $740,006

Other Expenses $36,791

TOTAL EXPENSES $776,797

Year-over-Year Comparison

	2025	2024	Change
Revenue	$776,797	$792,010	0.0%
Expenses	$776,797	$792,010	0.0%
Net Income	$0	$0	N/A

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

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

$3,783,302

Total Directors

$1,590,616

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRAD CLOSE	PRESIDENT	1.00	Officer Director	$0	$72,589	$1,283,458
DAVID ADDINGTON	SECRETARY/PARLIAMENTARIAN	1.00	Officer	$0	$38,268	$758,179
JEFF SMITH	CFO	1.00	Officer	$0	$60,579	$550,112
CHRIS PITTS	ASST SECRETARY	1.00	Officer	$0	$38,830	$437,442
MICHAEL MALONEY	VP	1.00	Officer	$0	$26,875	$405,993
DAWN SIMPSON	TREASURER	1.00	Officer	$0	$48,103	$348,118
NEVIN GROCE	CHAIRMAN	0.25	Director	$0	$250	$43,460
STEVE SCHRAMM	DIRECTOR	0.25	Director	$0	$250	$29,340
JEFF READY	DIRECTOR	0.25	Director	$0	$250	$28,250
JOSE VILLA	DIRECTOR	0.25	Director	$0	$250	$28,250
PATTI MELLARD	DIRECTOR	0.25	Director	$0	$250	$28,250
ROB HOLT	DIRECTOR	0.25	Director	$0	$250	$28,250
MARIA DAVID	DIRECTOR	0.25	Director	$0	$250	$25,109
STEPHANIE CAMARILLO	DIRECTOR	0.25	Director	$0	$250	$24,975
AMY SPARKS	DIRECTOR	0.25	Director	$0	$250	$24,774
LISA FULLERTON	DIRECTOR	0.25	Director	$0	$250	$24,250
SAM CHAMBERLAIN	DIRECTOR	0.25	Director	$0	$250	$22,250

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	$776,797	$776,797	$115,391	No data
2024	$792,010	$792,010	$91,096	No data
2023	$774,517	$774,517	$84,751	No data
2022	$651,459	$651,459	$121,690	No data
2021	$647,237	$647,237	$108,993	No data
2020	$603,319	$603,319	$152,437	No data
2019	$272,929	$272,929	$103,661	No data
2018	$449,413	$655,170	$192,758	$-205,757

NFIB THE VOICE OF FREE ENTERPRISE INC