National Academy of Elder Law Attorneys Foundation Inc

EIN: 455334205 501(c)(3) Crime & Legal

Vienna, VA

Total Revenue
$456,260
Total Expenses
$84,842
Total Assets
$1,104,750
Net Assets
$1,097,864
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Financial Trends

Organization Details

Formation Year
2011
Legal Domicile
VA
Principal Officer
Alexander T Graham
Phone
7039425711
Tax Period
2024-01-01 to 2024-12-31

National Academy of Elder Law Attorneys Foundation Inc, founded in 2011, is a small nonprofit in the Crime & Legal sector that reported $456K in total revenue in fiscal year 2024. Revenue surged 626% from the prior year, signaling strong growth momentum. The organization ran a surplus of $371K, a strong 81% operating margin.

Mission

The mission of the NAELA Foundation is to advance the goals of the National Academy of Elder Law Attorneys and advocate for the rights of older Americans and people with special needs. See Schedule O for continuation.

Program Service Accomplishments

Program 1
Expenses: $39,829

The NAELA Foundation's "Elevating Voices" initiative encompasses a combined qualitative and quantitative strategy to address Medicaid estate recovery. Qualitatively, the project focuses on...

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The NAELA Foundation's "Elevating Voices" initiative encompasses a combined qualitative and quantitative strategy to address Medicaid estate recovery. Qualitatively, the project focuses on storytelling as a powerful tool to convey the real-life impact of Medicaid estate recovery on affected individuals and families. To enrich its qualitative approach, the NAELA Foundation will also conduct a quantitative analysis by way of a collegiate data analytics case study competition. To collect targeted data analysis on impacted populations, competing teams of graduate students will perform a comprehensive review of existing data sources to compile evidence highlighting generational ramifications and societal implications stemming from the loss of a home through Medicaid estate recovery.

Program 2
Expenses: $18,105

Litigation and Regulatory Advocacy: The Foundation manages and distributes a litigation and regulatory advocacy fund that supports legal work of critical importance to older Americans and people with...

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Litigation and Regulatory Advocacy: The Foundation manages and distributes a litigation and regulatory advocacy fund that supports legal work of critical importance to older Americans and people with special needs. By providing financial support to members, NAELA Chapters, and other nonprofit organizations, NAELA facilitates litigation that ensures seniors and people with special needs benefit from the services they need and deserve.

Program 3
Expenses: $7,500

Cohn Sister's Scholarship for Patient Advocacy: Each year, the NAELA Foundation proudly awards several Cohn Sisters' Scholarships for Patient Advocacy. Scholarships provide attorneys the opportunity...

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Cohn Sister's Scholarship for Patient Advocacy: Each year, the NAELA Foundation proudly awards several Cohn Sisters' Scholarships for Patient Advocacy. Scholarships provide attorneys the opportunity to attend the NAELA Annual Conference. The Cohn Sisters' Scholarship is available to elder law and special needs planning attorneys who are unable to afford to attend the NAELA Annual Conference and who will use the training to advocate for people with disabilities.

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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 (2024)

Revenue Breakdown

Contributions & Grants $430,842
Program Service Revenue $0
Investment Income $24,973
Other Revenue $445
TOTAL REVENUE $456,260

Expense Breakdown

Grants Paid $7,500
Salaries & Benefits $15,015
Fundraising Expenses $0
Program Expenses $65,434
Other Expenses $62,327
TOTAL EXPENSES $84,842

Year-over-Year Comparison

2024 2023 Change
Revenue $456,260 $62,804 +6.3%
Expenses $84,842 $45,486 +0.9%
Net Income $371,418 $17,318 +20.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
10
Independent Members
10
Employees
N/A
Volunteers
20

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
3
$278,941
Total Directors
17
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Bridget O'Brien Swartz Chair 2.00
Officer Director
$0 $0 $0
Stuart D Zimring Trustee/Chair 2.00
Director
$0 $0 $0
Bryan Adler Trustee 2.00
Director
$0 $0 $0
Jason A Frank Trustee 2.00
Director
$0 $0 $0
Jill M Sauber Trustee 2.00
Director
$0 $0 $0
A Frank Johns Trustee 2.00
Director
$0 $0 $0
Heather Voorn Trustee 2.00
Director
$0 $0 $0
Howard S Krooks Trustee 2.00
Director
$0 $0 $0
Rebecca C Morgan Trustee 2.00
Director
$0 $0 $0
Michael J Amoruso Trustee 2.00
Director
$0 $0 $0
Helen Cohn Needham Trustee 2.00
Director
$0 $0 $0
Hyman G Darling Trustee 2.00
Director
$0 $0 $0
Vincent J Russo Trustee 2.00
Director
$0 $0 $0
Mark W Worthington Trustee 2.00
Director
$0 $0 $0
Judith M Flynn Ex-Officio 2.00
Director
$0 $0 $0
Eric J Einhart Ex-Officio 2.00
Director
$0 $0 $0
Marielle Hazen Ex-Officio 2.00
Director
$0 $0 $0
Alex Graham CEO 2.00
Officer
$0 $4,746 $114,650
Thomas Harlow Interim CEO 2.00
Officer
$0 $40,541 $164,291
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 $456,260 $84,842 $1,104,750 $371,418
2023 $62,804 $45,486 $718,197 $17,318
2022 $106,682 $78,780 $675,530 $27,902
2021 $160,867 $70,727 $684,885 $90,140
2020 $87,262 $110,109 $594,518 $-22,847
2019 $170,850 $45,995 $606,022 $124,855
2018 $318,567 $131,415 $463,452 $187,152
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