NATIONAL ASSOCIATION OF MINORITY AND WOMEN OWNED LAW FIRMS INC

EIN: 392034839 Human Services

CHICAGO, IL

Total Revenue
$2,058,475
Total Expenses
$2,229,890
Total Assets
$1,944,309
Net Assets
$1,455,154
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2001
Legal Domicile
IL
Principal Officer
LESLIE DAVIS
Phone
3127337780
Tax Period
2023-01-01 to 2023-12-31

NATIONAL ASSOCIATION OF MINORITY AND WOMEN OWNED LAW FIRMS INC, founded in 2001, is a community nonprofit in the Human Services sector that reported $2.1M in total revenue in fiscal year 2023.

Mission

OUR MISSION IS TO PROMOTE DIVERSITY IN THE LEGAL PROFESSION BY FOSTERING SUCCESSFUL RELATIONSHIPS AMONG PREEMINENT MINORITY AND WOMEN OWNED LAW FIRMS AND PRIVATE/PUBLIC ENTITIES.

Program Service Accomplishments

Program 1

THE ANNUAL MEETING PROVIDES THREE DAYS OF CONTINUING EDUCATION AND NETWORKING OPPORTUNITIES TO OUR MEMBERS AND IN-HOUSE COUNSEL. WE PROVIDE VALUABLE OPPORTUNITIES FOR OUR MEMBERS TO CONTINUE THEIR...

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THE ANNUAL MEETING PROVIDES THREE DAYS OF CONTINUING EDUCATION AND NETWORKING OPPORTUNITIES TO OUR MEMBERS AND IN-HOUSE COUNSEL. WE PROVIDE VALUABLE OPPORTUNITIES FOR OUR MEMBERS TO CONTINUE THEIR EDUCATION, NETWORK, AND OBTAIN NEW BUSINESS. WE ALSO HAVE OUR EXPO WHERE OUR FIRMS ARE ABLE TO SHOWCASE THEIR PRACTICE.

Program 2

THE DRIVING DIVERSITY AND LEADERSHIP CONFERENCE, FKA THE BUSINESS MEETING, IS SIMILAR TO THE ANNUAL MEETING BUT ON A SMALLER SCALE. IT IS ALIGNED BY PRACTICE AREA AND ATTEMPTS TO MATCH IN-HOUSE AND...

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THE DRIVING DIVERSITY AND LEADERSHIP CONFERENCE, FKA THE BUSINESS MEETING, IS SIMILAR TO THE ANNUAL MEETING BUT ON A SMALLER SCALE. IT IS ALIGNED BY PRACTICE AREA AND ATTEMPTS TO MATCH IN-HOUSE AND OUR FIRMS BY PRACTICE. WE ALSO HAVE A LAW FIRM ONLY AFTERNOON DESIGNED TO HELP OUR LAW FIRMS BE MORE SUCCESSFUL. IN ADDITION, WE HAVE IN-HOUSE ONLY SESSIONS TO HELP IN-HOUSE FIND MORE OPPORTUNITIES TO UTILIZE OUR FIRMS.

Program 3

THE PRACTICE AREA COMMITTEE INITIATIVES WORK TO CREATE MORE OPPORTUNITIES FOR OUR FIRMS IN SPECIFIC AREAS OF PRACTICE. WE WORK WITH OUR FIRMS TO CREATE SPECIALIZED MARKETING PIECES, WEB PAGES, AND...

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THE PRACTICE AREA COMMITTEE INITIATIVES WORK TO CREATE MORE OPPORTUNITIES FOR OUR FIRMS IN SPECIFIC AREAS OF PRACTICE. WE WORK WITH OUR FIRMS TO CREATE SPECIALIZED MARKETING PIECES, WEB PAGES, AND EDUCATION FOR COUNSEL BASED ON THEIR SPECIALIZED EXPERIENCE AND EXPERTISE.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $21,500
Program Service Revenue $2,036,314
Investment Income $661
Other Revenue $0
TOTAL REVENUE $2,058,475

Expense Breakdown

Grants Paid $30,000
Salaries & Benefits $1,097,214
Fundraising Expenses $0
Other Expenses $1,102,676
TOTAL EXPENSES $2,229,890

Year-over-Year Comparison

2023 2022 Change
Revenue $2,058,475 $2,159,526 0.0%
Expenses $2,229,890 $2,134,721 +0.0%
Net Income $-171,415 $24,805 -7.9%
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

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Governance

Voting Members
19
Independent Members
19
Employees
N/A
Volunteers
13

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
$463,099
Total Directors
22
$0
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JAMIE RUDMAN CHAIR 1.00
Officer Director
$0 $0 $0
STEVE BAKER VICE CHAIR 1.00
Officer Director
$0 $0 $0
NELSON BELLIDO VICE CHAIR 1.00
Officer Director
$0 $0 $0
EILEEN LETTS TREASURER 1.00
Officer Director
$0 $0 $0
VALERIE MATHERNE SECRETARY 1.00
Officer Director
$0 $0 $0
AMANDA ALEXANDER DIRECTOR 1.00
Director
$0 $0 $0
SETH BRYANT DIRECTOR 1.00
Director
$0 $0 $0
LYDIA BUESCHEL DIRECTOR 1.00
Director
$0 $0 $0
MICHAEL DANFORTH DIRECTOR (TERMED 9/10/23) 1.00
Director
$0 $0 $0
PAUL GARCIA DIRECTOR 1.00
Director
$0 $0 $0
JERRY HAMILTON DIRECTOR 1.00
Director
$0 $0 $0
FRED HASANI DIRECTOR 1.00
Director
$0 $0 $0
KERRIE HESLIN DIRECTOR 1.00
Director
$0 $0 $0
KEN JOHNSON DIRECTOR 1.00
Director
$0 $0 $0
SONJUI KUMAR DIRECTOR 1.00
Director
$0 $0 $0
CHAD LANG DIRECTOR 1.00
Director
$0 $0 $0
TINA LOZA DIRECTOR 1.00
Director
$0 $0 $0
THEOS MCKINNEY DIRECTOR 1.00
Director
$0 $0 $0
SHERYL AXELROD DIRECTOR 1.00
Director
$0 $0 $0
GOPAL BURGHER DIRECTOR 1.00
Director
$0 $0 $0
JOHN MURDOCK CHAIR EMERITUS (NON-VOTING) 1.00
Director
$0 $0 $0
STACY FODE GENERAL COUNSEL (NON-VOTING) 1.00
Director
$0 $0 $0
LESLIE DAVIS CEO 40.00
Officer
$440,770 $22,329 $463,099
CLAIRE GROSSMAN DIRECTOR OF DEVELOPMENT 40.00
Highest
$115,070 $14,598 $129,668
JANE KALATA VICE PRESIDENT - STRATEGY, 40.00
Highest
$153,004 $19,596 $172,600
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 $2,058,475 $2,229,890 $1,944,309 $-171,415
2022 $2,159,526 $2,134,721 $2,066,236 $24,805
2021 $1,751,014 $1,391,305 $1,949,781 $359,709
2020 $1,854,658 $1,439,841 $1,783,077 $414,817
2019 $1,946,691 $1,817,371 $1,444,275 $129,320
2018 $1,871,692 $1,710,047 $1,267,734 $161,645
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