NATIONAL FEDERATION OF PARALEGAL ASSOCIATIONS INC

EIN: 521154019

MINNEAPOLIS, MN

Total Revenue
$479,138
Total Expenses
$646,135
Total Assets
$231,350
Net Assets
$119,806
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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
1979
Legal Domicile
DE
Principal Officer
JOSIE ESTES
Phone
3174548312
Tax Period
2023-01-01 to 2023-12-31

NATIONAL FEDERATION OF PARALEGAL ASSOCIATIONS INC, founded in 1979, is a small nonprofit that reported $479K in total revenue in fiscal year 2023. Expenses of $646K exceeded revenue, resulting in a 35% operating deficit.

Mission

PROMOTE AND SUPPORT THE PARALEGAL PROFESSION THROUGH EDUCATION, CONFERENCES, AND PUBLICATIONS.

Program Service Accomplishments

Program 1

NFPA MEMBER SERVICES EDUCATES ITS 8500 MEMBERS THROUGH WEBINARS THROUGHOUT THE YEAR, THE PUBLICATION OF A WEEKLY NEWSLETTER. NFPA PROMOTES THE PARALEGAL PROFESSION THROUGH THESE ACTIVITIES, ATTENDING...

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NFPA MEMBER SERVICES EDUCATES ITS 8500 MEMBERS THROUGH WEBINARS THROUGHOUT THE YEAR, THE PUBLICATION OF A WEEKLY NEWSLETTER. NFPA PROMOTES THE PARALEGAL PROFESSION THROUGH THESE ACTIVITIES, ATTENDING OTHER LEGAL CONFERENCES, AND WORKING WITH OTHER LEGAL ORGANIZATIONS.

Program 2

PROVIDING TWO CERTIFICATION PROGRAMS WITH 658 PROGRAM PARTICIPANTS.

Program 3

REPORTER QUARTERLY MAGAZINE DISTRIBUTED TO 5,400 MEMBERS.

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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 $15,800
Program Service Revenue $459,676
Investment Income $3,662
Other Revenue $0
TOTAL REVENUE $479,138

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $646,135
TOTAL EXPENSES $646,135

Year-over-Year Comparison

2023 2022 Change
Revenue $479,138 $463,191 +0.0%
Expenses $646,135 $628,959 +0.0%
Net Income $-166,997 $-165,768 +0.0%
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

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Governance

Voting Members
12
Independent Members
12
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
5
$0
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOSIE ESTES PRESIDENT 1.00
Officer Director
$0 $0 $0
LORI WAGNER PRESIDENT EL 1.00
Officer Director
$0 $0 $0
CATHY CURTIS TREASURER 1.00
Officer Director
$0 $0 $0
CHERYLAN SHEARER SECRETARY 1.00
Officer Director
$0 $0 $0
THEDA YANDELL DIR. PROF DE 1.00
Director
$0 $0 $0
BETH BIALIS DIR. OF POS 1.00
Director
$0 $0 $0
LISA VESSELS DIR PARALEGA 1.00
Director
$0 $0 $0
BRENDA COTHARY REGION I DIR 1.00
Director
$0 $0 $0
DEANA STORM REGION II DI 1.00
Director
$0 $0 $0
DON BRISTOL REGION IV DI 1.00
Director
$0 $0 $0
JENN TROMBLEE REGION V DIR 1.00
Director
$0 $0 $0
LISA LYNCH BOARD ADVISO 1.00
Director
$0 $0 $0
STEVE RICHTER EXECUTIVE DI 30.00
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
2024 No data No data No data No data
2023 $479,138 $646,135 $231,350 $-166,997
2022 $463,191 $628,959 $343,899 $-165,768
2021 $494,843 $457,355 $473,434 $37,488
2020 $451,876 $454,305 $487,828 $-2,429
2019 $690,516 $613,156 $463,643 $77,360
2018 $629,463 $596,905 $403,869 $32,558
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