NATIONAL AIR FILTRATION ASSOCIATION (EIN 363097306) - 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

1981

Legal Domicile

Principal Officer

EMILY BARDACH

Phone

6083107542

Tax Period

2024-01-01 to 2024-12-31

NATIONAL AIR FILTRATION ASSOCIATION, founded in 1981, is a small nonprofit that reported $778K in total revenue in fiscal year 2024. Expenses of $691K left a modest 11% surplus.

Mission

THE NATIONAL AIR FILTRATION ASSOCIATION (NAFA) IS A DYNAMIC, NON-PROFIT TRADE ASSOCIATION. NAFA MEMBERS INCLUDE AIR FILTER AND COMPONENT MANUFACTURERS, SALES AND SERVICE COMPANIES, AND HVAC AND INDOOR AIR QUALITY PROFESSIONALS ACROSS THE UNITED STATES AND IN SEVERAL FOREIGN COUNTRIES. NAFA IS COMPRISED OF INDIVIDUALS AND COMPANIES ENGAGED IN THE SALE, SERVICE AND MANUFACTURE OF THE AIR FILTRATION PRODUCTS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $68,142

Program Service Revenue $625,588

Investment Income $31,008

Other Revenue $52,782

TOTAL REVENUE $777,520

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $691,209

TOTAL EXPENSES $691,209

Year-over-Year Comparison

	2024	2023	Change
Revenue	$777,520	$750,155	+0.0%
Expenses	$691,209	$665,561	+0.0%
Net Income	$86,311	$84,594	+0.0%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PATRICK ROSENTHAL	PRESIDENT	1.00	Officer Director	$0	$0	$0
MICHAEL CORBAT	PAST PRESIDENT	1.00	Officer Director	$0	$0	$0
MATT SOLIS	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
STEVE GRIFFITHS	TREASURER	1.00	Officer Director	$0	$0	$0
RANDY BRANNEN	SECRETARY	1.00	Officer Director	$0	$0	$0
SHARON NEEDHAM	DIRECTOR	1.00	Director	$0	$0	$0
WILL DENTON	DIRECTOR	1.00	Director	$0	$0	$0
BOBBY SINGER	DIRECTOR	1.00	Director	$0	$0	$0
DAVE MILLER	DIRECTOR	1.00	Director	$0	$0	$0
TIMMY TIMBS	DIRECTOR	1.00	Director	$0	$0	$0
KEITH JORDAN	DIRECTOR	1.00	Director	$0	$0	$0
BRANDON DEILGAT	DIRECTOR	1.00	Director	$0	$0	$0
EMILY BARDACH	EXECUTIVE DIRECTOR	13.50	Officer	$0	$0	$0

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	$777,520	$691,209	$996,597	$86,311
2023	$750,155	$665,561	$925,582	$84,594
2022	$544,484	$493,596	$798,341	$50,888
2022	$149,772	$187,792	$726,387	$-38,020
2021	$433,466	$320,424	$655,287	$113,042
2020	$283,227	$251,599	$560,964	$31,628
2019	$463,709	$402,513	$519,547	$61,196
2018	$501,102	$434,729	$507,172	$66,373

NATIONAL AIR FILTRATION ASSOCIATION