National Association of Development Companies

EIN: 521260579

Bethesda, MD

Total Revenue
$2,893,533
Total Expenses
$2,726,730
Total Assets
$3,957,538
Net Assets
$3,045,245
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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
1981
Legal Domicile
DC
Principal Officer
Rhonda Pointon
Phone
2023490070
Tax Period
2024-10-01 to 2025-09-30

National Association of Development Companies, founded in 1981, is a community nonprofit that reported $2.9M in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $2.7M left a modest 6% surplus.

Mission

NADCO provides a medium through which members can confer, consult, and cooperate with governmental or other agencies in solving problems affecting members.

Program Service Accomplishments

Program 1

Meetings: NADCO organizes industry meetings as forums for all CDC and affiliate members to come together to learn about many topics of interest to members - such as updates on congressional actions...

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Meetings: NADCO organizes industry meetings as forums for all CDC and affiliate members to come together to learn about many topics of interest to members - such as updates on congressional actions that may impact the SBA 504 program, actions or proposals by SBA, other financial or technical program issues, and items of general interest to members. NADCO generally holds one mid-year annual meeting and may offer one symposium per year.

Program 2

Professional Education: NADCO provides the only education for CDC staff and attorneys which focuses solely on the SBA 504 loan program. These courses are delivered in-person twice a year - once in...

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Professional Education: NADCO provides the only education for CDC staff and attorneys which focuses solely on the SBA 504 loan program. These courses are delivered in-person twice a year - once in conjunction with the annual meeting and once in the winter/early spring. These courses are generally two or three days, many of which require either industry and 504 experience, or prerequisites of certain NADCO courses. The courses focus on all aspects of 504 loan packaging, closing, servicing, and liquidation. NADCO also offers more limited on-line courses.

Program 3

Government Relations: One of NADCO's primary missions is to represent the CDC membership at various governmental levels. This includes both the Congress and the Small Business Administration. NADCO...

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Government Relations: One of NADCO's primary missions is to represent the CDC membership at various governmental levels. This includes both the Congress and the Small Business Administration. NADCO advises the staff of the House and Senate small business committees on industry and 504 concerns and recommends courses of action as needed when Congress is considering legislation affecting either the SBA or the 504 loan programs. NADCO also works closely with management and field staff of the SBA in developing and managing loan policies, regulations, and practices. Our objective is to ensure that reasonable policies are developed which do not hinder CDC abilities to deliver 504 to small businesses.

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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 $64,830
Program Service Revenue $2,542,006
Investment Income $220,010
Other Revenue $66,687
TOTAL REVENUE $2,893,533

Expense Breakdown

Grants Paid $17,505
Salaries & Benefits $1,381,571
Fundraising Expenses $0
Other Expenses $1,327,654
TOTAL EXPENSES $2,726,730

Year-over-Year Comparison

2024 2023 Change
Revenue $2,893,533 $2,608,408 +0.1%
Expenses $2,726,730 $2,404,370 +0.1%
Net Income $166,803 $204,038 -0.2%
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

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Governance

Voting Members
19
Independent Members
18
Employees
6
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
$387,881
Total Directors
19
$387,881
Key Employees
0
$0
Highest Compensated
4
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
John Evans Chair of the Board 1.00
Officer Director
$0 $0 $0
Sara Vanhala Vice Chair 5.00
Officer Director
$0 $0 $0
Ann Munroe Treasurer 3.00
Officer Director
$0 $0 $0
Elaine Fairman Secretary 2.00
Officer Director
$0 $0 $0
Todd Buchanan Chair of Legislative and PAC Committee 1.00
Director
$0 $0 $0
Bill Habermeyer Chair of Regulatory Commit 3.00
Director
$0 $0 $0
Hilda Kennedy Chair of Governance Committee 1.00
Director
$0 $0 $0
Laurel Walk Chair of the Economic Deve 1.00
Director
$0 $0 $0
Sherwood Robbins Chair of CSA Committee 1.00
Director
$0 $0 $0
Chris Topping Chair of the Audit Committee 1.00
Director
$0 $0 $0
William Pazmino Director 1.00
Director
$0 $0 $0
Brooke Mirenda Director 1.00
Director
$0 $0 $0
Caryl Eriksson Director 1.00
Director
$0 $0 $0
Gregg Swanson Director 1.00
Director
$0 $0 $0
Ron Lien Director 1.00
Director
$0 $0 $0
Mark Williams Director 1.00
Director
$0 $0 $0
Wes Darnell Director 1.00
Director
$0 $0 $0
Erik Adams Director 1.00
Director
$0 $0 $0
Rhonda Pointon President and CEO 50.00
Officer Director
$339,328 $48,553 $387,881
Renee Bender VP, Government Relations 40.00
Highest
$142,278 $14,169 $156,447
Mandy Robertson SVP, Conferences & Operati 40.00
Highest
$154,689 $16,797 $171,486
Wayne Williams EVP, Regulatory Affairs an 40.00
Highest
$228,415 $31,967 $260,382
Denise Ripley VP, Regulatory Affairs, Training & Support 40.00
Highest
$107,286 $11,982 $119,268
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
2025 $2,893,533 $2,726,730 $3,957,538 $166,803
2024 $2,608,408 $2,404,370 $3,947,004 $204,038
2023 $2,313,431 $2,299,473 $3,265,900 $13,958
2022 $2,173,138 $1,809,790 $2,973,194 $363,348
2021 $2,084,875 $1,578,918 $2,754,957 $505,957
2020 $1,887,687 $1,949,518 $2,398,155 $-61,831
2019 $1,965,084 $2,005,314 $2,503,294 $-40,230
2018 $1,862,749 $1,917,114 $2,614,451 $-54,365
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