NFIB THE VOICE OF FREE ENTERPRISE INC

EIN: 273615830 Civil Rights & Advocacy

NASHVILLE, TN

Total Revenue
$792,010
Total Expenses
$792,010
Total Assets
$91,096
Net Assets
$48,513
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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
TN
Principal Officer
BRAD CLOSE
Phone
6158725800
Tax Period
2024-01-01 to 2024-12-31

NFIB THE VOICE OF FREE ENTERPRISE INC, founded in 2011, is a small nonprofit in the Civil Rights & Advocacy sector that reported $792K in total revenue in fiscal year 2024.

Mission

NFIB, THE VOICE OF FREE ENTERPRISE, INC.'S MISSION IS TO EDUCATE AMERICANS (SEE SCH O)NFIB, THE VOICE OF FREE ENTERPRISE, INC.'S MISSION IS TO EDUCATE AMERICANS ON ISSUES INCLUDING BUT NOT LIMITED TO FREE ENTERPRISE, ENTREPRENEURSHIP, HEALTHCARE, REGULATION & TAXATION.

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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 $516,712
Program Service Revenue $275,298
Investment Income $0
Other Revenue $0
TOTAL REVENUE $792,010

Expense Breakdown

Grants Paid $753,289
Salaries & Benefits $0
Fundraising Expenses $8,003
Program Expenses $753,289
Other Expenses $38,721
TOTAL EXPENSES $792,010

Year-over-Year Comparison

2024 2023 Change
Revenue $792,010 $774,517 +0.0%
Expenses $792,010 $774,517 +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

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Governance

Voting Members
10
Independent Members
9
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
6
$3,736,666
Total Directors
10
$1,538,149
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BRAD CLOSE PRESIDENT 1.00
Officer Director
$0 $68,813 $1,282,257
NEVIN GROCE CHAIRMAN 0.25
Director
$0 $249 $42,249
STEVE SCHRAMM DIRECTOR 0.25
Director
$0 $249 $30,392
JEFF READY DIRECTOR 0.25
Director
$0 $249 $28,608
MARIA DAVID DIRECTOR 0.25
Director
$0 $249 $28,452
JOSE VILLA DIRECTOR 0.25
Director
$0 $249 $28,249
PATTI MELLARD DIRECTOR 0.25
Director
$0 $249 $25,003
ROB HOLT DIRECTOR 0.25
Director
$0 $249 $24,441
SAM CHAMBERLAIN DIRECTOR 0.25
Director
$0 $249 $24,249
LISA FULLERTON DIRECTOR 0.25
Director
$0 $249 $24,249
DAVID ADDINGTON SECRETARY/PARLIAMENTARIAN 1.00
Officer
$0 $36,386 $769,223
JEFF SMITH CFO 1.00
Officer
$0 $57,665 $563,706
CHRIS PITTS ASST SECRETARY 1.00
Officer
$0 $35,076 $416,554
KIPP MALONEY VP 1.00
Officer
$0 $45,348 $378,383
DAWN SIMPSON TREASURER 1.00
Officer
$0 $44,125 $326,543
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 $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
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