THE NACS FOUNDATION (EIN 541723339) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1994

Legal Domicile

Principal Officer

KEVIN O'CONNELL

Phone

7036843600

Tax Period

2023-01-01 to 2023-12-31

THE NACS FOUNDATION, founded in 1994, is a small nonprofit in the Employment sector that reported $279K in total revenue in fiscal year 2018. Revenue surged 572% from the prior year, signaling strong growth momentum. Expenses of $990K exceeded revenue, resulting in a 255% operating deficit.

Mission

TO EDUCATE ITS MEMBERS AND THE PUBLIC ON ISSUES AFFECTING THE CONVENIENCE STORE INDUSTRY.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,465,117

Program Service Revenue $0

Investment Income $1,579

Other Revenue $0

TOTAL REVENUE $1,466,696

Expense Breakdown

Grants Paid $250,500

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,454,486

Other Expenses $1,208,093

TOTAL EXPENSES $1,458,593

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,466,696	$1,105,518	+0.3%
Expenses	$1,458,593	$1,123,315	+0.3%
Net Income	$8,103	$-17,797	-1.5%

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

Total Directors

$6,115,369

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HENRY OGDEN ARMOUR	TRUSTEE	1.00	Director	$0	$69,687	$5,288,750
BRIAN KIMMEL	TRUSTEE	1.00	Director	$0	$63,854	$826,619
JOSE VICTOR PARDO PATERNO	TRUSTEE, CHAIRMAN (AS OF 10/23)	1.00	Officer Director	$0	$0	$0
DONALD R RHOADS	CHAIR (THRU 10/23), PAST CHAIRMAN	1.00	Officer Director	$0	$0	$0
JARED SCHEELER	PAST CHAIRMAN	1.00	Officer Director	$0	$0	$0
LISA DELL'ALBA	TRUSTEE	1.00	Director	$0	$0	$0
BRIAN HANNASCH	TRUSTEE	1.00	Director	$0	$0	$0
ANNE GAUTHIER	TRUSTEE	1.00	Director	$0	$0	$0
VARISH GOYAL	TRUSTEE	1.00	Director	$0	$0	$0
CHARLES C MCILVAINE	TRUSTEE (AS OF 10/23)	1.00	Director	$0	$0	$0
LONNIE MCQUIRTER	TRUSTEE (AS OF 10/23)	1.00	Director	$0	$0	$0
TONY MILLER	TRUSTEE (AS OF 10/23)	1.00	Director	$0	$0	$0
KEVIN SMARTT	PAST CHAIRMAN (THRU 10/23)	1.00	Director	$0	$0	$0
KEN PARENT	TRUSTEE (THRU 10/23)	1.00	Director	$0	$0	$0
CHUCK MAGGELET	TRUSTEE (THRU 10/23)	1.00	Director	$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	$1,466,696	$1,458,593	$161,152	$8,103
2022	$1,105,518	$1,123,315	$519,274	$-17,797
2021	$1,469,046	$1,493,776	$200,987	$-24,730
2020	$1,554,702	$1,582,922	$198,600	$-28,220
2019	$1,444,862	$1,470,372	$224,200	$-25,510
2019	$1,444,862	$1,470,372	$224,200	$-25,510
2018	$279,314	$990,209	$250,442	$-710,895

THE NACS FOUNDATION