The National Restaurant Association Educational Foundation (EIN 366103388) - 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

1952

Legal Domicile

Principal Officer

Michelle L Korsmo

Phone

8004245156

Tax Period

2023-01-01 to 2023-12-31

The National Restaurant Association Educational Foundation, founded in 1952, is a mid-sized nonprofit in the Food, Agriculture & Nutrition sector that reported $21.4M in total revenue in fiscal year 2023.

Mission

The Foundation's mission is to serve as a philanthropic foundation of the National Restaurant Association to enhance the restaurant and foodservice industry's service to the public through education, community engagement, and promotion of career opportunities.

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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 $9,230,877

Program Service Revenue $5,466,719

Investment Income $721,532

Other Revenue $6,012,641

TOTAL REVENUE $21,431,769

Expense Breakdown

Grants Paid $5,226,029

Salaries & Benefits $6,196,858

Fundraising Expenses $2,447,625

Program Expenses $17,730,115

Other Expenses $9,943,274

TOTAL EXPENSES $21,366,161

Year-over-Year Comparison

	2023	2022	Change
Revenue	$21,431,769	$22,193,530	0.0%
Expenses	$21,366,161	$19,750,677	+0.1%
Net Income	$65,608	$2,442,853	-1.0%

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

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

$6,749,796

Total Directors

Key Employees

$998,986

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
James Fripp	Chair	5.00	Officer Director	$0	$0	$0
Shaun Beard	Vice Chair	5.00	Officer Director	$0	$0	$0
William Kohl	Treasurer	5.00	Officer Director	$0	$0	$0
Michael Axiotis	Trustee	2.00	Director	$0	$0	$0
Theodore Balestreri II	Trustee	2.00	Director	$0	$0	$0
Louis Basile	Trustee	2.00	Director	$0	$0	$0
Archna Becker	Trustee	2.00	Director	$0	$0	$0
Gregory Cocchiarella	Trustee	2.00	Director	$0	$0	$0
Horace Dawson	Trustee	2.00	Director	$0	$0	$0
David Dittenber	Trustee	2.00	Director	$0	$0	$0
Mark Erickson	Trustee	2.00	Director	$0	$0	$0
Joseph Essa	Trustee	2.00	Director	$0	$0	$0
Hector Gallardo	Trustee	2.00	Director	$0	$0	$0
Kristine Hillmer	Trustee	2.00	Director	$0	$0	$0
Steven Johnson	Trustee	2.00	Director	$0	$0	$0
Brett Ladd	Trustee	2.00	Director	$0	$0	$0
Carrie Leishman	Trustee	2.00	Director	$0	$0	$0
Jeffrey Lobdell	Trustee, ex-officio	2.00	Director	$0	$0	$0
Perry Miele	Trustee	2.00	Director	$0	$0	$0
Sarah Oates	Trustee	2.00	Director	$0	$0	$0
Donna Quadri-Felitti PhD	Trustee	2.00	Director	$0	$0	$0
Scott Redler	Trustee, ex-officio	2.00	Director	$0	$0	$0
Sonia Riggs	Trustee	2.00	Director	$0	$0	$0
Dan Rowe	Trustee	2.00	Director	$0	$0	$0
Christopher Savvides	Trustee	2.00	Director	$0	$0	$0
Laurie Schalow	Trustee	2.00	Director	$0	$0	$0
Richard Schneider	Trustee	2.00	Director	$0	$0	$0
Susannah Sellers-Ryan	Trustee	2.00	Director	$0	$0	$0
Jay Stieber	Trustee	2.00	Director	$0	$0	$0
Neil Sudaisar	Trustee	2.00	Director	$0	$0	$0
Kelli Valade	Trustee	2.00	Director	$0	$0	$0
Curtis Wilson	Trustee	2.00	Director	$0	$0	$0
Michelle L Korsmo	President & CEO	8.00	Officer	$0	$981,725	$3,071,350
Marvin F Irby	CAO	8.00	Officer	$0	$654,977	$1,861,645
Eric Ellis	CFO	8.00	Officer	$0	$170,356	$721,131
Robert A Gifford	President	40.00	Officer	$766,728	$328,942	$1,095,670
Susan R Crystal-Mansour	VP, Programs Impact	40.00	Key Emp	$262,587	$99,106	$361,693
Allison Rhyne	VP. Development	40.00	Key Emp	$274,848	$64,550	$339,398
Gordon D Lambourne	VP, Communications until 10/7/23	40.00	Key Emp	$264,568	$33,327	$297,895
Maria Roberts	Director, Pship Strategy & Ops	40.00	Highest	$178,147	$73,476	$251,623
Alyssa M Prince	Director, Scholarships & Engagement	40.00	Highest	$148,952	$73,130	$222,082
Patricia D Gill	Director, Workforce Development	40.00	Highest	$169,670	$27,999	$197,669
Amy B Saltzman	Sr Director, Career & Tech Education	40.00	Highest	$147,393	$53,121	$200,514
Sally McVey	Director, Industry Partnership Lead	40.00	Highest	$147,189	$76,210	$223,399

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	$21,431,769	$21,366,161	$44,270,078	$65,608
2022	$22,193,530	$19,750,677	$42,403,984	$2,442,853
2021	$20,339,294	$16,177,288	$44,077,352	$4,162,006
2020	$37,084,266	$34,628,732	$38,892,977	$2,455,534
2019	$14,964,304	$13,916,480	$32,979,285	$1,047,824
2018	$13,963,701	$12,095,341	$29,370,061	$1,868,360

The National Restaurant Association Educational Foundation