NATIONAL ASSOCIATION OF STATE BUDGET OFFICERS (EIN 521625594) - Form 990 Financial Analysis & Trantor Score

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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

1993

Legal Domicile

Principal Officer

SHELBY KERNS

Phone

2026245382

Tax Period

2024-07-01 to 2025-06-30

NATIONAL ASSOCIATION OF STATE BUDGET OFFICERS, founded in 1993, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $2.7M in total revenue in fiscal year 2024. Revenue surged 21% from the prior year, signaling strong growth momentum. Expenses of $2.6M left a modest 4% surplus.

Mission

TO ENCOURAGE STUDY AND RESEARCH IN STATE BUDGETING, TO EXCHANGE INFORMATION AND PROMOTE COOPERATION TOWARD MORE EFFECTIVE BUDGET PREPARATION AND MANAGEMENT, AND TO ATTAIN GREATER EFFICIENCY AND ECONOMY OF PROGRAMS AND SERVICES THOUGH IMPROVED TECHNIQUES OF ALLOCATING AND MANAGING AVAILABLE RESOURCES.

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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 $2,129,495

Program Service Revenue $189,125

Investment Income $239,406

Other Revenue $183,549

TOTAL REVENUE $2,741,575

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,467,433

Fundraising Expenses $0

Program Expenses $2,187,272

Other Expenses $1,162,576

TOTAL EXPENSES $2,630,009

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,741,575	$2,267,147	+0.2%
Expenses	$2,630,009	$2,389,380	+0.1%
Net Income	$111,566	$-122,233	-1.9%

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

$278,597

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVE THURMAN	PRESIDENT	1.00	Officer Director	$0	$0	$0
ALEXIS STURM	PRESIDENT-ELECT	0.50	Officer Director	$0	$0	$0
KIMBERLY MURNIEKS	PAST-PRESIDENT	0.50	Officer Director	$0	$0	$0
ERIKA LI	MEMBER-AT-LARGE	0.20	Director	$0	$0	$0
KRISTIN WALKER	MEMBER-AT-LARGE	0.20	Director	$0	$0	$0
NATALIE KRUG	EASTERN REGIONAL DIRECTOR	0.20	Director	$0	$0	$0
BRAN SHIM	EASTERN REGIONAL DIRECTOR	0.20	Director	$0	$0	$0
AHNA MINGE	MIDWEST REGIONAL DIRECTOR	0.20	Director	$0	$0	$0
ADAM PROFFITT	MIDWEST REGIONAL DIRECTOR	0.20	Director	$0	$0	$0
TERNISA HUTCHINSON	SOUTHERN REGIONAL DIRECTOR	0.20	Director	$0	$0	$0
MICHAEL MAUL	SOUTHERN REGIONAL DIRECTOR	0.20	Director	$0	$0	$0
DUNCAN EVANS	WESTERN REGIONAL DIRECTOR	0.20	Director	$0	$0	$0
AMY STEPHENSON	WESTERN REGIONAL DIRECTOR	0.20	Director	$0	$0	$0
SHELBY KERNS	EXECUTIVE DIRECTOR & SECRE	35.00	Officer	$243,444	$35,153	$278,597

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	$2,741,575	$2,630,009	$4,705,366	$111,566
2024	$2,267,147	$2,389,380	$4,684,569	$-122,233
2023	$2,239,763	$2,461,413	$4,774,738	$-221,650
2022	$1,793,465	$1,888,610	$4,276,380	$-95,145
2021	$1,960,000	$1,482,857	$4,747,624	$477,143
2020	$1,904,681	$1,882,324	$3,952,112	$22,357
2019	$2,005,010	$1,709,849	$5,079,841	$295,161
2018	$1,909,184	$1,758,557	$3,887,520	$150,627
2018	$1,909,184	$1,758,557	$3,887,520	$150,627

NATIONAL ASSOCIATION OF STATE BUDGET OFFICERS