NATIONAL ASSOCIATION OF ACTIVE INV… - 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

1989

Legal Domicile

Principal Officer

PAUL SCHATZ

Phone

3039791280

Tax Period

2024-01-01 to 2024-12-31

NATIONAL ASSOCIATION OF ACTIVE INVESTMENT MANAGERS INC, founded in 1989, is a small nonprofit that reported $349K in total revenue in fiscal year 2024. Expenses of $305K left a modest 12% surplus.

Mission

AS AN ORGANIZATION, NAAIM ENGAGES IN NUMEROUS ACTIVITIES TO PROMOTE ACTIVE MANAGEMENT AND FURTHER THE PROFESSIONAL DEVELOPMENT OF ITS MEMBERS, INCLUDING:>ACQUIRING, PRESERVING AND DISSEMINATING VALUABLE INFORMATION RELATIVE TO, OR USEFUL IN PROVIDING, ACTIVE INVESTMENT MANAGEMENT SERVICES; >PROVIDING THE OPPORTUNITY FOR MEMBERS TO EXCHANGE INFORMATION, EXPERIENCES AND OPINIONS THROUGH DISCUSSIONS, MEETINGS, STUDY AND PUBLICATIONS; >KEEPING ITS MEMBERS INFORMED OF LEGISLATIVE AND ADMINISTRATIVE CHANGES AFFECTING INVESTMENT ADVISORY SERVICES, AND REPRESENTING THEIR INTERESTS IN THE FORMULATION OF POLICY AFFECTING SUCH SERVICES; >DEVELOPING AND ENCOURAGING THE PRACTICE OF HIGH STANDARDS OF PERSONAL AND PROFESSIONAL CONDUCT AMONG MEMBERS AND THE PUBLIC; >EDUCATING THE PUBLIC WITH REGARD TO THE CONCEPT AND BENEFITS OF ACTIVE INVESTMENT MANAGEMENT SERVICES AND PROMOTING THE PUBLIC'S USE OF SUCH SERVICES.

Program Service Accomplishments

Program 1

PROVIDED WORKSHOPS & CONFERENCES FOR MEMBERS TO EXCHANGE EXPERIENCES AND OPINIONS AND DEVELOP HIGH STANDARDS OF PERSONAL AND PROFESSIONAL CONDUCT WITH THE PUBLIC.

Program 2

PROVIDED VALUABLE INFORMATION AND DISSEMINATED DATA THROUGH THE SALE OF MATERIALS REGARDING AND AFFECTING INVESTMENT AND ADVISORY SERVICES.

Program 3

HELD SPONSORED WORKSHOPS AND CONFERENCES BY ORGANIZATIONS THAT COULD PROVIDED THE MATERIALS AND CONTINUING UPDATED INFORMATION FOR THE MAINTENANCE QUALITY TO THE PUBLIC.

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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 $38,000

Program Service Revenue $188,492

Investment Income $122,254

Other Revenue $0

TOTAL REVENUE $348,746

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $305,171

TOTAL EXPENSES $305,171

Year-over-Year Comparison

	2024	2023	Change
Revenue	$348,746	$331,967	+0.1%
Expenses	$305,171	$261,002	+0.2%
Net Income	$43,575	$70,965	-0.4%

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

N/A

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
PAUL SCHATZ	TREASURER	1.00	Officer Director	$0	$0	$0
BARRY ARNOLD	PRESIDENT	1.00	Officer Director	$0	$0	$0
ROBERT BERNSTEIN	SECRETARY	1.00	Officer Director	$0	$0	$0
MATT SPANGLER	DIRECTOR	1.00	Director	$0	$0	$0
DAVID BUSH	DIRECTOR	1.00	Director	$0	$0	$0
WHITNEY RIBBENS	DIRECTOR	1.00	Director	$0	$0	$0
RON ROUGH	DIRECTOR	1.00	Director	$0	$0	$0
SAM BILLS JR	DIRECTOR	1.00	Director	$0	$0	$0
RYAN REDFERN	CHAIRMAN	1.00	Officer Director	$0	$0	$0
JACOB DESCHENES	V PRES	1.00	Officer Director	$0	$0	$0
JOSHUA KNELLER	DIRECTOR	1.00	Director	$0	$0	$0
JIM LEE	DIRECTOR	1.00	Director	$0	$0	$0
GREGORY CORNEILLE	DIRECTOR	1.00	Director	$0	$0	$0
CRAIG THOMPSON	DIRECTOR	1.00	Director	$0	$0	$0
ASHER ROGOVY	DIRECTOR	1.00	Director	$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	$348,746	$305,171	$902,062	$43,575
2023	$331,967	$261,002	$865,257	$70,965
2022	$191,416	$249,861	$740,883	$-58,445
2021	$190,287	$127,727	$865,053	$62,560
2020	$175,790	$100,047	$868,017	$75,743
2019	$275,714	$245,920	$743,876	$29,794
2018	$214,731	$238,625	$675,149	$-23,894

NATIONAL ASSOCIATION OF ACTIVE INVESTMENT MANAGERS INC