NACS FOUNDATION

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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

1982

Legal Domicile

Principal Officer

FRANK J SULEN

Phone

4407757777

Tax Period

2024-04-01 to 2025-03-31

NACS FOUNDATION, founded in 1982, is a small nonprofit in the Education sector that reported $120K in total revenue in fiscal year 2024. Revenue fell 24% from the prior year — a significant decline worth monitoring. Expenses of $787K exceeded revenue, resulting in a 554% operating deficit.

Mission

THE NACS FOUNDATION SUPPORTS INITIATIVES THAT MAKE THE NATIONAL ASSOCIATION OF COLLEGE STORES' (NACS) EDUCATIONAL PROGRAMS ACCESSIBLE TO A WIDER RANGE OF PROFESSIONALS, ENABLES RESEARCH THAT ADDRESSES ISSUES OF FUNDAMENTAL IMPORTANCE TO THE COLLEGE STORE INDUSTRY AND BUILDS STRATEGIC PARTNERSHIPS IN SUPPORT OF NACS.

Program Service Accomplishments

Program 1

Expenses: $513,263 Revenue: $0

NACS PROFESSIONAL DEVELOPMENT GRANTS: GRANTS TO INDIVIDUALS TO ATTEND NACS ANNUAL MEETING AND OTHER EDUCATIONAL COURSES AND GRANTS TO NACS TO PROVIDE EDUCATIONAL PROGRAMS TO MEMBERS.

Program 2

Expenses: $35,000 Revenue: $3,494

CONDUCTING AND DISSEMINATING RESEARCH TO THE COLLEGE STORE INDUSTRY ON SUCH TOPICS AS THE BUYING HABITS OF STUDENTS AND A SALARY AND BENEFITS SURVEY.

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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 $7,759

Program Service Revenue $3,494

Investment Income $109,168

Other Revenue $0

TOTAL REVENUE $120,421

Expense Breakdown

Grants Paid $225,740

Salaries & Benefits $0

Fundraising Expenses $63,910

Program Expenses $548,263

Other Expenses $561,385

TOTAL EXPENSES $787,125

Year-over-Year Comparison

	2024	2023	Change
Revenue	$120,421	$159,133	-0.2%
Expenses	$787,125	$740,667	+0.1%
Net Income	$-666,704	$-581,534	+0.1%

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

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

$792,392

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BETH CHRISTIAN	IMMED.PAST PRESIDENT	1.00	Director	$0	$0	$0
LEN FANGMEYER	DIRECTOR	1.00	Director	$0	$0	$0
ANN-MARIE FLORESCA	DIRECTOR	1.00	Director	$0	$0	$0
DAVE GLIVA	DIRECTOR	1.00	Director	$0	$0	$0
LISA GRAY	DIRECTOR	1.00	Director	$0	$0	$0
GENTA GUITRON	PRESIDENT-ELECT	1.00	Director	$0	$0	$0
KEVIN HANNEGAN	DIRECTOR	1.00	Director	$0	$0	$0
GAVIN JENSEN	DIRECTOR	1.00	Director	$0	$0	$0
HELEN NAKOS	DIRECTOR	1.00	Director	$0	$0	$0
SHELLY SCHRIMPF	DIRECTOR	1.00	Director	$0	$0	$0
STEVEN WESTENBROEK	PRESIDENT	1.00	Director	$0	$0	$0
CASSIE WHERRY	DIRECTOR	1.00	Director	$0	$0	$0
FRANK SULEN	CHIEF FINANCIAL OFFICER	1.00	Officer	$0	$17,169	$344,291
EDWARD L SCHLICHENMAYER	CEO	1.00	Officer	$0	$22,356	$448,101

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	$120,421	$787,125	$2,140,234	$-666,704
2024	$159,133	$740,667	$2,481,994	$-581,534
2023	$431,210	$773,103	$3,090,056	$-341,893
2022	$342,683	$773,615	$3,635,153	$-430,932
2021	$394,594	$758,598	$3,856,466	$-364,004
2020	$51,124	$606,668	$3,568,107	$-555,544
2019	$245,776	$369,560	$4,413,580	$-123,784
2018	$333,081	$546,919	$4,827,924	$-213,838