NATIONAL ASSOCIATION OF STATE AGEN… - 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

Phone

5736346021

Tax Period

2022-09-01 to 2023-08-31

NATIONAL ASSOCIATION OF STATE AGENCIES FOR SURPLUS PROPERTY, founded in 1948, is a small nonprofit in the Community Improvement sector that reported $239K in total revenue in fiscal year 2022. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $227K left a modest 5% surplus.

Mission

For the public good for the welfare of the whole saving taxpayer dollars by extending the useful life of federal excess surplus property assets.

Program Service Accomplishments

Program 1

Expenses: $135,425 Revenue: $123,766

Coordinating and administering the overseas program to ensure the maximum amount of property is available to all member SASPs.

Program 2

Expenses: $14,104 Revenue: $38,025

Coordinating and administering the associate membership program. This is to help keep donees in all the states active in the program which benefits the SASPs in conducting their missions of...

Coordinating and administering the associate membership program. This is to help keep donees in all the states active in the program which benefits the SASPs in conducting their missions of transferring property.

Program 3

Expenses: $77,353 Revenue: $75,355

Constant contact with federal agencies via meetings telephone email and communicating information to all SASPs. When SASPs encounter problems getting property NASASP works the issue out with the...

Constant contact with federal agencies via meetings telephone email and communicating information to all SASPs. When SASPs encounter problems getting property NASASP works the issue out with the federal agency. Training all SASPs and their management on the program. This gives all SASPs the ability to keep up with best practices in surplus property.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $237,146

Investment Income $1,619

Other Revenue $239

TOTAL REVENUE $239,004

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $226,882

Other Expenses $226,882

TOTAL EXPENSES $226,882

Year-over-Year Comparison

	2022	2021	Change
Revenue	$239,004	$215,255	+0.1%
Expenses	$226,882	$285,516	-0.2%
Net Income	$12,122	$-70,261	-1.2%

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
Tim Bolles	President	15.00	Officer	$0	$0	$0
Chris Reynolds	Vice President	10.00	Officer	$0	$0	$0
Kristy Fierro	Treasurer	7.00	Officer	$0	$0	$0
Nichole Lemacks	Secretary	7.00	Officer	$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
2023	$239,004	$226,882	$218,715	$12,122
2022	$215,255	$285,516	$224,087	$-70,261
2021	$335,839	$308,584	$277,906	$27,255
2020	$225,997	$236,422	$255,817	$-10,425

NATIONAL ASSOCIATION OF STATE AGENCIES FOR SURPLUS PROPERTY