NATIONAL ASSOCIATION OF BOND LAWYERS (EIN 363016503) - 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

1979

Legal Domicile

Principal Officer

LINDA H WYMAN

Phone

2025033300

Tax Period

2023-01-01 to 2023-12-31

NATIONAL ASSOCIATION OF BOND LAWYERS, founded in 1979, is a community nonprofit that reported $2.4M in total revenue in fiscal year 2023. Revenue decreased 10% compared to the prior year. Expenses of $3.0M exceeded revenue, resulting in a 28% operating deficit.

Mission

EDUCATING MEMBERS AND OTHERS IN THE LAW RELATING TO STATE AND MUNICIPAL OBLIGATIONS.

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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 $0

Program Service Revenue $2,090,091

Investment Income $112,986

Other Revenue $169,487

TOTAL REVENUE $2,372,564

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,212,443

Fundraising Expenses $0

Other Expenses $1,816,949

TOTAL EXPENSES $3,029,392

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,372,564	$2,630,749	-0.1%
Expenses	$3,029,392	$3,161,833	0.0%
Net Income	$-656,828	$-531,084	+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

Governance

Voting Members

Independent Members

Employees

Volunteers

250

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

$331,900

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANN FILLINGHAM	PRESIDENT, (UNTIL 10/18/2023)	1.00	Officer Director	$0	$0	$0
CAROL MCCOOG	CHAIR	1.00	Officer Director	$0	$0	$0
DEANNA GREGORY	BOARD MEMBER, (10/18/2023)	1.00	Director	$0	$0	$0
DEE P WISOR	BOARD MEMBER	1.00	Director	$0	$0	$0
ELIZABETH WALKER	BOARD MEMBER	1.00	Director	$0	$0	$0
JASON AKERS	PRESIDENT-ELECT	1.00	Officer Director	$0	$0	$0
JEFF QUALKINBUSH	BOARD MEMBER	1.00	Director	$0	$0	$0
JOHN HUTCHINSON	BOARD MEMBER	1.00	Director	$0	$0	$0
JOLINDA HERRING	BOARD MEMBER, (UNTIL 10/18/2023)	1.00	Director	$0	$0	$0
JOSEPH SMITH	BOARD MEMBER	1.00	Director	$0	$0	$0
KAREEM J SPRATLING	BOARD MEMBER	1.00	Director	$0	$0	$0
MARYBETH ORSINI	BOARD MEMBER	1.00	Director	$0	$0	$0
MATTHIAS EDRICH	TREASURER	1.00	Officer Director	$0	$0	$0
LINDA WYMAN	CHIEF OPERATING OFFICER	40.00	Officer	$288,702	$43,198	$331,900
BRIAN EGAN	DIRECTOR OF GOVERNMENTAL A	40.00	Highest	$192,083	$13,950	$206,033
SABRINA KIDWAI	MEMBERSHIP AND CLE DIRECTO	40.00	Highest	$141,417	$15,358	$156,775

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	$2,372,564	$3,029,392	$4,358,441	$-656,828
2022	$2,630,749	$3,161,833	$4,435,526	$-531,084
2021	$2,547,658	$2,225,325	$5,659,286	$322,333
2020	$2,024,736	$1,950,310	$5,243,727	$74,426
2019	$2,691,469	$2,857,030	$5,019,312	$-165,561
2018	$2,722,101	$2,781,569	$4,828,597	$-59,468

NATIONAL ASSOCIATION OF BOND LAWYERS