NATIONAL TRUCK EQUIPMENT ASSOCIATION (EIN 382274542) - 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

STEPHEN T CAREY

Phone

2484897090

Tax Period

2024-05-01 to 2025-04-30

NATIONAL TRUCK EQUIPMENT ASSOCIATION, founded in 1979, is a mid-sized nonprofit that reported $15.3M in total revenue in fiscal year 2024. The organization ran a surplus of $3.5M, a strong 23% operating margin.

Mission

PROMOTE GENERAL GOODWILL AND PUBLIC RELATIONS OF TRUCK EQUIPMENT MANUFACTURERS AND DISTRIBUTORS, ADVOCATE HIGH STANDARDS OF SERVICE, QUALITY AND CONDUCT, IMPROVE KNOWLEDGE AND EFFICIENCY, PROMOTE SAFETY, EDUCATE MEMBERS, REPRESENT INDUSTRY WITH REGARD TO LEGISLATIVE AND REGULATORY ISSUES, AND DEVELOP PERFORMANCE STANDARDS.

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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 $0

Program Service Revenue $13,411,964

Investment Income $1,667,353

Other Revenue $175,642

TOTAL REVENUE $15,254,959

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,379,128

Fundraising Expenses $0

Other Expenses $6,407,329

TOTAL EXPENSES $11,786,457

Year-over-Year Comparison

	2024	2023	Change
Revenue	$15,254,959	$14,512,347	+0.1%
Expenses	$11,786,457	$10,812,967	+0.1%
Net Income	$3,468,502	$3,699,380	-0.1%

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

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

$664,990

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JASON RITCHEY	BOARD CHAIR	1.50	Officer Director	$0	$0	$0
BEN WINTER	FIRST VICE CHAIR	1.50	Officer Director	$0	$0	$0
RICK ALBERTINI	SECOND VICE CHAIR	1.50	Officer Director	$0	$0	$0
TJ BLANDFORD	THIRD VICE CHAIR/TREASURER	1.50	Officer Director	$0	$0	$0
JOE LEWIS	DIRECTOR	1.50	Director	$0	$0	$0
TODD MOUW	DIRECTOR	1.50	Director	$0	$0	$0
MARC ELLISON	DIRECTOR	1.50	Director	$0	$0	$0
BRIAN TABEL	DIRECTOR	1.50	Director	$0	$0	$0
DAVE ZELIS	DIRECTOR	1.50	Director	$0	$0	$0
ANDY PETER	DIRECTOR	1.50	Director	$0	$0	$0
EMILY RIGGS KORNS	DIRECTOR	1.50	Director	$0	$0	$0
SHANE WOODMAN	DIRECTOR	1.50	Director	$0	$0	$0
TIM DAVISON	DIRECTOR	1.50	Director	$0	$0	$0
STEPHEN T CAREY	PRESIDENT/CEO/SECRETARY	40.00	Officer	$580,649	$84,341	$664,990
MICHAEL E KASTNER	SENIOR VICE PRESIDENT	40.00	Highest	$330,385	$41,573	$371,958
KEVIN KOESTER	MANAGING DIRECTOR	40.00	Highest	$208,979	$33,893	$242,872
CAROLE VARTANIAN	CONTROLLER	32.00	Highest	$158,076	$20,628	$178,704
STEPHEN LATIN-KASPER	SR DIR. OF MARKET DATA - PART YEAR	40.00	Highest	$156,913	$20,303	$177,216
DEREK ENG	SR. DIRECTOR OF BUSINESS SYSTEMS	40.00	Highest	$169,810	$35,007	$204,817

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	$15,254,959	$11,786,457	$39,794,344	$3,468,502
2024	$14,512,347	$10,812,967	$35,220,111	$3,699,380
2023	$13,105,858	$9,678,385	$30,663,356	$3,427,473
2022	$13,173,388	$8,954,519	$27,097,486	$4,218,869
2021	$5,592,070	$5,761,342	$28,171,952	$-169,272
2020	$12,039,578	$10,705,635	$23,681,378	$1,333,943
2019	$11,995,048	$10,521,667	$26,854,836	$1,473,381

NATIONAL TRUCK EQUIPMENT ASSOCIATION