National Restaurant Association

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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

To serve our industry and impact its success, we: strengthen operations, mitigate risk and develop talent; advance and protect business vitality through national, state and local advocacy; and drive knowledge and collaboration.

Program Service Accomplishments

Program 1

Food safety training and other educational programs including ServSafe, which is the industry standard for training employees in safe food handling. During 2023, NRA tested 832,502 foodservice...

Food safety training and other educational programs including ServSafe, which is the industry standard for training employees in safe food handling. During 2023, NRA tested 832,502 foodservice managers in ServSafe programs and issued a total of 639,226 certifications.

Program 2

Government Relations and Communications: The NRA monitors both Federal and State government and legislation for changes in their policies as they relate to the restaurant industry. Depending on the specific issue, the NRA, along with the State Restaurant Associations, develops an appropriate position and response to the specific issue and works with government agencies/organizations to achieve the best possible outcome for the industry. The NRA maintains and distributes publications on various matters that affect the industry.

Program 3

Support of tradeshows: The 2023 National Restaurant Association Show attracted over 60,000 attendees from all over the United States and around the world, covering over 659,000 square feet...

Support of tradeshows: The 2023 National Restaurant Association Show attracted over 60,000 attendees from all over the United States and around the world, covering over 659,000 square feet, showcasing manufacturers and suppliers from across the foodservice 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