NORTH AMERICAN ASSOCIATION OF FOOD… - Form 990 Financial Data

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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

1948

Legal Domicile

Principal Officer

DEIRDRE T FLYNN

Phone

3128210201

Tax Period

2025-01-01 to 2025-12-31

NORTH AMERICAN ASSOCIATION OF FOOD EQUIPMENT MANUFACTURERS, founded in 1948, is a mid-sized nonprofit that reported $18.8M in total revenue in fiscal year 2025. Revenue surged 783% from the prior year, signaling strong growth momentum. The organization ran a surplus of $5.4M, a strong 29% operating margin.

Mission

NAFEM IS A NOT-FOR-PROFIT TRADE ASSOCIATION REPRESENTING OVER 500 COMMERCIAL FOODSERVICE EQUIPMENT AND SUPPLIES MANUFACTURERS DEDICATED TO DRIVING SUCCESS AND FORWARD PROGRESS AMONG ITS MEMBER COMPANIES AND PROVIDING LEADERSHIP TO ADVANCE THE GLOBAL FOODSERVICE EXPERIENCE.

Program Service Accomplishments

Program 1

ANNUAL MEETING / TRADESHOW - IN EVEN NUMBER YEARS NAFEM HOSTS AN ANNUAL MEETING AND MANAGEMENT WORKSHOP AND IN ODD NUMBER YEARS NAFEM HOSTS A TRADESHOW. THE NAFEM SHOW IS NORTH AMERICA'S LEADING...

ANNUAL MEETING / TRADESHOW - IN EVEN NUMBER YEARS NAFEM HOSTS AN ANNUAL MEETING AND MANAGEMENT WORKSHOP AND IN ODD NUMBER YEARS NAFEM HOSTS A TRADESHOW. THE NAFEM SHOW IS NORTH AMERICA'S LEADING FOODSERVICE EQUIPMENT AND SUPPLIES SHOWCASE. THESE EVENTS ARE DESIGNED TO KEEP MEMBERS AND INDUSTRY LEADERS INFORMED OF NEW DEVELOPMENTS WITHIN THE FOOD SERVICE INDUSTRY.

Program 2

MEMBERSHIP AND PROFESSIONAL DEVELOPMENT - NAFEM SPONSORS VARIOUS MARKET STUDIES AND ADVOCATES ON BEHALF OF ITS MEMBERS AND THE BROADER INDUSTRY.

Program 3

INDUSTRY AND PUBLIC RELATIONS - NAFEM AND ITS MEMBER COMPANIES HAVE DEVELOPED A SOCIAL PURPOSE PLATFORM TO COLLABORATE WITH OTHER ORGANIZATIONS IN AN EFFORT TO HELP THOSE WHO STRUGGLE WITH HUNGER.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $17,371,811

Investment Income $1,460,225

Other Revenue $0

TOTAL REVENUE $18,832,036

Expense Breakdown

Grants Paid $410,000

Salaries & Benefits $1,825,177

Fundraising Expenses $0

Other Expenses $11,181,924

TOTAL EXPENSES $13,417,101

Year-over-Year Comparison

	2025	2024	Change
Revenue	$18,832,036	$2,133,940	+7.8%
Expenses	$13,417,101	$4,709,917	+1.8%
Net Income	$5,414,935	$-2,575,977	-3.1%

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

300

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

$588,979

Total Directors

Key Employees

$289,138

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEVE SPITTLE	PRESIDENT	1.00	Officer Director	$0	$0	$0
EVA-MARIE FOX	PRESIDENT-ELECT	1.00	Officer Director	$0	$0	$0
GREG BAGGOTT	SECRETARY-TREASURER	1.00	Officer Director	$0	$0	$0
JOSH CALLAHAN	DIRECTOR	1.00	Director	$0	$0	$0
JOE CARCIONE	DIRECTOR	1.00	Director	$0	$0	$0
LORNE DEACON	DIRECTOR	1.00	Director	$0	$0	$0
MARK FOGARTY	DIRECTOR	1.00	Director	$0	$0	$0
TED GRAVENHORST JR	DIRECTOR	1.00	Director	$0	$0	$0
GREG HAKE	DIRECTOR	1.00	Director	$0	$0	$0
STEPHANIE LUROS-GILBERT	DIRECTOR	1.00	Director	$0	$0	$0
LUCY MCQUILLAN	DIRECTOR	1.00	Director	$0	$0	$0
WILL MEANS	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD PACKER	DIRECTOR	1.00	Director	$0	$0	$0
DEIRDRE FLYNN	EXECUTIVE VICE PRESIDENT	40.00	Officer	$385,318	$61,709	$447,027
AMY RAYL	CHIEF FINANCIAL OFFICER	40.00	Officer	$130,562	$11,390	$141,952
CHARLIE SOUHRADA	VP, REGULATORY & TECHNICAL AFFAIRS	40.00	Key Emp	$246,266	$42,872	$289,138
FELICIA JAEGER	DIRECTOR, REGULATORY & TECHNICAL AFFAIRS	40.00	Highest	$203,466	$15,651	$219,117
ALICE KONOPASEK	DIRECTOR, BRAND MARKETING	40.00	Highest	$148,325	$33,017	$181,342
CELESTE FUCHS	DIRECTOR, MEMBER ENGAGEMENT	40.00	Highest	$117,085	$9,656	$126,741

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
2025	$18,832,036	$13,417,101	$30,678,944	$5,414,935
2024	$2,133,940	$4,709,917	$39,048,153	$-2,575,977
2023	$13,717,064	$11,749,157	$25,402,917	$1,967,907
2022	$1,836,917	$4,210,441	$32,428,946	$-2,373,524
2021	$5,703,248	$7,655,955	$26,211,108	$-1,952,707
2020	$2,058,134	$4,778,394	$30,009,077	$-2,720,260
2019	$15,312,393	$11,199,863	$31,235,614	$4,112,530
2018	$3,495,588	$5,095,116	$36,843,138	$-1,599,528

NORTH AMERICAN ASSOCIATION OF FOOD EQUIPMENT MANUFACTURERS