National Restaurant Association (EIN 361525480) - Form 990 Financial Analysis & Trantor Score

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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

1939

Legal Domicile

Principal Officer

Michelle L Korsmo

Phone

2023315900

Tax Period

2023-01-01 to 2023-12-31

National Restaurant Association, founded in 1939, is a major nonprofit that reported $112.6M in total revenue in fiscal year 2023. Revenue grew 16% year-over-year, indicating healthy expansion.

Mission

The National Restaurant Association creates value for the foodservice industry and its membership in the avenues of research, advocacy and education. We conduct research on current trends, advocate policy initiatives, and provide educational and networking opportunities for the 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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $4,972,654

Program Service Revenue $4,492,660

Investment Income $9,910,440

Other Revenue $93,209,974

TOTAL REVENUE $112,585,728

Expense Breakdown

Grants Paid $2,406,752

Salaries & Benefits $52,262,367

Fundraising Expenses $0

Other Expenses $62,052,463

TOTAL EXPENSES $116,721,582

Year-over-Year Comparison

	2023	2022	Change
Revenue	$112,585,728	$97,254,330	+0.2%
Expenses	$116,721,582	$108,729,682	+0.1%
Net Income	$-4,135,854	$-11,475,352	-0.6%

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

383

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

$5,654,126

Total Directors

Key Employees

$6,973,420

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Scott Redler	Chair	5.00	Officer Director	$0	$0	$0
Jeffrey Lobdell	Vice Chair	5.00	Officer Director	$0	$0	$0
Richard Schneider	Treasurer	5.00	Officer Director	$0	$0	$0
Lance Trenary	Immediate Past Chair	2.00	Director	$0	$0	$0
Anthony Anton	Director	2.00	Director	$0	$0	$0
Michael Axiotis	Director	2.00	Director	$0	$0	$0
Theodore J Balestreri	Director	2.00	Director	$0	$0	$0
Theodore Balestreri II	Director	2.00	Director	$0	$0	$0
Shaun Beard	Director, Ex-Officio	2.00	Director	$0	$0	$0
Archna Becker	Director	2.00	Director	$0	$0	$0
Ralph O Brennan	Director	2.00	Director	$0	$0	$0
Mark Bucher	Director	2.00	Director	$0	$0	$0
Blanca R Cabrera	Director	2.00	Director	$0	$0	$0
Brian E Casey	Director	2.00	Director	$0	$0	$0
Ashley Coneff	Director	2.00	Director	$0	$0	$0
Gregory B Cook	Director	2.00	Director	$0	$0	$0
Jeanne Cretella	Director	2.00	Director	$0	$0	$0
John Cywwinski	Director	2.00	Director	$0	$0	$0
Steve Danon	Director	2.00	Director	$0	$0	$0
Horace G Dawson	Director	2.00	Director	$0	$0	$0
Tiffany Derry	Director	2.00	Director	$0	$0	$0
Carol B Dover	Director	2.00	Director	$0	$0	$0
Joseph Essa	Director	2.00	Director	$0	$0	$0
Anne Fink	Director	2.00	Director	$0	$0	$0
James Fripp	Director - Ex-Officio	2.00	Director	$0	$0	$0
German F Gonzalez	Director	2.00	Director	$0	$0	$0
Amanda Grimmer	Director	2.00	Director	$0	$0	$0
James Harris	Director	2.00	Director	$0	$0	$0
Philip J Hickey	Director	2.00	Director	$0	$0	$0
Matthew Johnson	Director	2.00	Director	$0	$0	$0
Steven L Johnson	Director	2.00	Director	$0	$0	$0
Joseph J Kadow	Director	2.00	Director	$0	$0	$0
Scott Kammerer	Director	2.00	Director	$0	$0	$0
Michael S Kaufman	Director	2.00	Director	$0	$0	$0
Simon Kim	Director	2.00	Director	$0	$0	$0
Cathie Koch	Director	2.00	Director	$0	$0	$0
Camille J Lee-Johnson	Director	2.00	Director	$0	$0	$0
Rosalyn Mallet	Director	2.00	Director	$0	$0	$0
Dick E Marriott	Director	2.00	Director	$0	$0	$0
Juan E Martinez	Director	2.00	Director	$0	$0	$0
Debabrata Mazumdar	Director	2.00	Director	$0	$0	$0
Jett Mehta	Director	2.00	Director	$0	$0	$0
Perry Miele	Director	2.00	Director	$0	$0	$0
Adam Mills	Director	2.00	Director	$0	$0	$0
Lynn Minges	Director	2.00	Director	$0	$0	$0
Heather Leed Neary	Director	2.00	Director	$0	$0	$0
Dana Query	Director	2.00	Director	$0	$0	$0
Aileen V Reilly	Director	2.00	Director	$0	$0	$0
Sonia Q Riggs	Director	2.00	Director	$0	$0	$0
Melvin Rodrigue	Director	2.00	Director	$0	$0	$0
Dan Rowe	Director	2.00	Director	$0	$0	$0
Christopher Savvides	Director	2.00	Director	$0	$0	$0
Laurie Schalow	Director	2.00	Director	$0	$0	$0
Peter Sclafani	Director	2.00	Director	$0	$0	$0
Grace Shea	Director	2.00	Director	$0	$0	$0
Kevin R Spratt	Director	2.00	Director	$0	$0	$0
Jay Stieber	Director	2.00	Director	$0	$0	$0
Joshua Kevin Alexander Suggs	Director	2.00	Director	$0	$0	$0
John D Tallichet	Director	2.00	Director	$0	$0	$0
Xavier Teixido	Director	2.00	Director	$0	$0	$0
Kent J Walrack	Director	2.00	Director	$0	$0	$0
Regynald G Washington	Director	2.00	Director	$0	$0	$0
Christopher Wiken	Director	2.00	Director	$0	$0	$0
Michelle L Korsmo	President & CEO	30.00	Officer	$2,089,625	$981,725	$3,071,350
Marvin F Irby	CAO	30.00	Officer	$1,206,668	$654,977	$1,861,645
Eric Ellis	CFO	30.00	Officer	$550,775	$170,356	$721,131
Sean Kennedy	EVP, Policy & Government Affairs	40.00	Key Emp	$1,226,699	$687,055	$1,913,754
Sherman L Brown	EVP, Business Services	40.00	Key Emp	$1,008,909	$490,834	$1,499,743
Chris Rodgers	EVP, General Counsel & Corp. Sec.	40.00	Key Emp	$862,683	$459,715	$1,322,398
Tia E Mattson	EVP, Enterprise Marketing	40.00	Key Emp	$533,833	$322,559	$856,392
Kevin A Steele	Chief Information Officer	40.00	Key Emp	$543,246	$316,960	$860,206
Dionne Harris	SVP, People & Culture	40.00	Key Emp	$396,076	$124,851	$520,927
Ngocdung Vu	SVP, Membership & Strat. Dev.	40.00	Highest	$354,571	$151,040	$505,611
Angelo Amador	SVP, Legal Advocacy & Reg. Counsel	8.00	Highest	$353,456	$112,869	$466,325
Hudson Riehle	SVP, Research & Knowledge	40.00	Highest	$378,216	$99,158	$477,374
Matthew Walker	VP, Government Affairs	40.00	Highest	$333,443	$104,457	$437,900
Daniel Roehl	VP, Federal Government Affiairs	40.00	Highest	$332,291	$106,832	$439,123

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	No data	No data	No data	No data
2023	$112,585,728	$116,721,582	$206,935,101	$-4,135,854
2022	$97,254,330	$108,729,682	$208,742,142	$-11,475,352
2021	$96,146,955	$98,006,479	$192,667,812	$-1,859,524
2020	$72,934,969	$98,591,466	$103,034,526	$-25,656,497
2019	$107,985,978	$110,565,993	$244,504,432	$-2,580,015
2018	$289,435,917	$118,330,524	$249,880,129	$171,105,393

National Restaurant Association