NATIONAL ASSOCIATION OF STATE ENER… - 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

1986

Legal Domicile

Principal Officer

DAVID TERRY

Phone

7032998800

Tax Period

2023-10-01 to 2024-09-30

NATIONAL ASSOCIATION OF STATE ENERGY OFFICIALS, founded in 1986, is a community nonprofit that reported $7.9M in total revenue in fiscal year 2023. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $7.1M left a modest 10% surplus.

Mission

THE NATIONAL ASSOCIATION OF STATE ENERGY OFFICIALS (NASEO) IS AN EDUCATIONAL ORGANIZATION FOUNDED TO FOSTER PUBLIC DISCUSSION ON THE UNDERSTANDING OF STATE AND NATIONAL ENERGY ISSUES.

Program Service Accomplishments

Program 1

Expenses: $6,867,612 Revenue: $7,715,284

PROGRAMS AND PROJECTS RELATIVE TO ENERGY RESEARCH AND DEMONSTRATION, DATA COLLECTION, ANALYSIS AND COMMUNICATION. ISSUES INCLUDE COST EFFECTIVE IMPROVEMENTS, APPLIED ENERGY RESEARCH, DEMONSTRATION...

PROGRAMS AND PROJECTS RELATIVE TO ENERGY RESEARCH AND DEMONSTRATION, DATA COLLECTION, ANALYSIS AND COMMUNICATION. ISSUES INCLUDE COST EFFECTIVE IMPROVEMENTS, APPLIED ENERGY RESEARCH, DEMONSTRATION AND EDUCATION.

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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 (2023)

Revenue Breakdown

Contributions & Grants $90,000

Program Service Revenue $7,715,284

Investment Income $116,637

Other Revenue $0

TOTAL REVENUE $7,921,921

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,816,794

Fundraising Expenses $0

Program Expenses $6,867,612

Other Expenses $3,278,609

TOTAL EXPENSES $7,095,403

Year-over-Year Comparison

	2023	2022	Change
Revenue	$7,921,921	$6,764,165	+0.2%
Expenses	$7,095,403	$5,786,884	+0.2%
Net Income	$826,518	$977,281	-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

Governance

Voting Members

Independent Members

Employees

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

$766,074

Total Directors

Key Employees

$629,884

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN WILLIAMS	CHAIR	3.00	Officer Director	$0	$0	$0
MOLLY CRIPPS	VICE-CHAIR	3.00	Officer Director	$0	$0	$0
EDDY TREVINO	TREASURER	3.00	Officer Director	$0	$0	$0
WILL TOOR	SECRETARY	2.00	Officer Director	$0	$0	$0
ANDREW MCALLISTER	PAST CHAIR	2.00	Officer Director	$0	$0	$0
JULIE STAVELAND	MEMBER AT LARGE	2.00	Officer Director	$0	$0	$0
NICK BURGER	REGIONAL REPRESENTATIVE	2.00	Director	$0	$0	$0
KATIE DYKES	REGIONAL REPRESENTATIVE	2.00	Director	$0	$0	$0
REBECCA RESPICIO	REGIONAL REPRESENTATIVE	2.00	Director	$0	$0	$0
NICHOLAS PRESERVATI	REGIONAL REPRESENTATIVE	2.00	Director	$0	$0	$0
JOE PATER	REGIONAL REPRESENTATIVE	2.00	Director	$0	$0	$0
EMILY WILBUR	REGIONAL REPRESENTATIVE	2.00	Director	$0	$0	$0
DAN BURGESS	REGIONAL REPRESENTATIVE	2.00	Director	$0	$0	$0
MARIA EFFERTZ	REGIONAL REPRESENTATIVE	2.00	Director	$0	$0	$0
KENYA STUMP	REGIONAL REPRESENTATIVE	2.00	Director	$0	$0	$0
MITCHELL SIMPSON	REGIONAL REPRESENTATIVE	2.00	Director	$0	$0	$0
MICHAEL FURZE	REGIONAL REPRESENTATIVE	2.00	Director	$0	$0	$0
BEN BROUWER	REGIONAL REPRESENTATIVE	2.00	Director	$0	$0	$0
RICHARD STOVER	REGIONAL REPRESENTATIVE	2.00	Director	$0	$0	$0
DAVID TERRY	PRESIDENT	40.00	Officer	$494,758	$53,434	$548,192
SUSAN STOCKER	CHIEF FINANCIAL OFFICER	40.00	Officer	$184,000	$33,882	$217,882
ALEXANDRA FAZELI-FARD	SENIOR MANAGING DIRECTOR	40.00	Key Emp	$192,260	$29,388	$221,648
CASSANDRA POWERS	CHIEF OF STAFF	40.00	Key Emp	$199,428	$29,446	$228,874
KIRSTEN VERCLAS	SENIOR MANAGING DIRECTOR	40.00	Key Emp	$153,949	$25,413	$179,362
RODNEY SOBIN	SENIOR FELLOW	40.00	Highest	$161,130	$35,116	$196,246
SHEMIKA PUGH SPENCER	SENIOR DIRECTOR	40.00	Highest	$137,378	$20,700	$158,078
EDWARD CARLEY	SENIOR PROGRAM DIRECTOR	40.00	Highest	$133,298	$23,012	$156,310
TRACEY KOHLER	SENIOR DIRECTOR	40.00	Highest	$125,343	$23,474	$148,817
CATHERINE REED	SENIOR PROGRAM DIRECTOR	40.00	Highest	$115,094	$27,827	$142,921

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	No data	No data	No data	No data
2024	$7,921,921	$7,095,403	$6,889,154	$826,518
2023	$6,764,165	$5,786,884	$5,811,817	$977,281
2022	$4,618,696	$4,438,924	$3,856,099	$179,772
2021	$5,155,715	$5,002,687	$2,659,535	$153,028
2020	$4,303,496	$4,247,785	$2,306,601	$55,711
2019	$4,114,842	$3,920,510	$2,666,751	$194,332
2018	$4,181,883	$4,097,059	$2,538,056	$84,824

NATIONAL ASSOCIATION OF STATE ENERGY OFFICIALS