NATIONAL ASSOCIATION OF INDEPENDEN… - 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

1970

Legal Domicile

Principal Officer

GUILLERMO ORTIZ DE ZARATE

Phone

7037332125

Tax Period

2024-01-01 to 2024-12-31

NATIONAL ASSOCIATION OF INDEPENDENT FEE APPRAISERS INC EDUC & RESEARCH TRUST, founded in 1970, is a micro nonprofit that reported $18K in total revenue in fiscal year 2024. Revenue surged 25% from the prior year, signaling strong growth momentum. The organization ran a surplus of $13K, a strong 73% operating margin.

Mission

TO SPONSOR THE DEVELOPMENT OF EDUCATIONAL MATERIALS USED PRIMARILY FOR CONTINUING EDUCATION IN THE APPRAISAL PROFESSION.

Program Service Accomplishments

Program 1

Revenue: $370

TO PROVIDE FUNDS FOR THE WRITING OF EDUCATION COURSES USED BY APPRAISERS.

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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 $1,850

Program Service Revenue $370

Investment Income $16,246

Other Revenue $0

TOTAL REVENUE $18,466

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $5,062

TOTAL EXPENSES $5,062

Year-over-Year Comparison

	2024	2023	Change
Revenue	$18,466	$14,763	+0.3%
Expenses	$5,062	$7,810	-0.4%
Net Income	$13,404	$6,953	+0.9%

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

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

$112,762

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID DOERING IFA	TRUSTEE	1.00	Director	$0	$0	$0
NENA HENDERSON IFA	TRUSTEE	1.00	Director	$0	$0	$0
LOUIS BONATO IFA	TRUSTEE	1.00	Director	$0	$0	$0
SUSANNE BARKALOW	TRUSTEE	1.00	Director	$0	$0	$0
MONICA TROTTER IFA	TRUSTEE	1.00	Director	$0	$0	$0
MARK EVANS	TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL T ORMAN	TRUSTEE	1.00	Director	$0	$0	$0
JOSEPH NOSELLI	ADVISOR (UNTIL 6/3/24)	5.00	Officer	$0	$2,165	$45,729
JOHNNIE WHITE	CEO (UNTIL 2/20/24)	5.00	Officer	$0	$5,130	$67,033

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	$18,466	$5,062	$657,680	$13,404
2023	$14,763	$7,810	$595,375	$6,953
2022	$16,280	$12,198	$531,380	$4,082
2021	$21,714	$7,823	$629,783	$13,891
2020	$50,027	$9,801	$566,254	$40,226
2019	$18,085	$8,061	$524,822	$10,024

NATIONAL ASSOCIATION OF INDEPENDENT FEE APPRAISERS INC EDUC & RESEARCH TRUST