National Association for Fixed Annuities

EIN: 541877987

Brookfield, WI

Total Revenue
$2,458,113
Total Expenses
$1,671,761
Total Assets
$2,624,083
Net Assets
$2,102,622
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1998
Legal Domicile
WI
Principal Officer
Emily Cramer
Phone
4143329306
Tax Period
2025-01-01 to 2025-12-31

National Association for Fixed Annuities, founded in 1998, is a community nonprofit that reported $2.5M in total revenue in fiscal year 2025. Revenue surged 22% from the prior year, signaling strong growth momentum. The organization ran a surplus of $786K, a strong 32% operating margin.

Mission

NAFA is exclusively dedicated to promoting the awareness and understanding of fixed income and deferred annuities through the education of policymakers, journalists, consumers, and the industry.

Program Service Accomplishments

Program 1
Expenses: $1,175,438 Revenue: $1,421,250

EDUCATION/PROMOTION - NAFA participates in promoting June as National Annuity Awareness Month by contributing content to AnnuRetirement.com, promotional material in trade publications, solicitation...

Read more

EDUCATION/PROMOTION - NAFA participates in promoting June as National Annuity Awareness Month by contributing content to AnnuRetirement.com, promotional material in trade publications, solicitation of state Governors for proclamations and holds one of its two annual conferences during June focused on the use of annuities in retirement planning. Monthly webinars are produced to education industry professionals on fixed annuities and fixed indexed annuities. Additionally, whitepapers, toolkits and media responses were developed and were distributed to enhance the understanding of, and compliance with, the use of annuities in retirement portfolios. NAFA works with CapCity Advocates to assist in educating and informing federal regulators, legislators and policymakers about fixed annuities and their role in financial planning increase awareness of NAFA and its mission. NAFA works with other trade associations in activities on both the state and federal level that further our mission and the number of Americans who own a fixed annuity.

Program 2
Expenses: $496,323 Revenue: $1,014,200

CONFERENCES - NAFA held the Annuity Leadership Forum in Washington DC and the Annuity Distribution Summit in Savannah GA in 2025. Both conferences were designed to educate and inform attendees about...

Read more

CONFERENCES - NAFA held the Annuity Leadership Forum in Washington DC and the Annuity Distribution Summit in Savannah GA in 2025. Both conferences were designed to educate and inform attendees about fixed annuities and compliance with regulations and legislation governing fixed annuities. The events provided innovative and forward-thinking presentations by thought leaders in the industry and the business community. Both conferences resulted in net revenue gains to the association.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

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

Sign In — Free (10 views/day)

Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $2,435,450
Investment Income $22,663
Other Revenue $0
TOTAL REVENUE $2,458,113

Expense Breakdown

Grants Paid $26,500
Salaries & Benefits $726,362
Fundraising Expenses $0
Program Expenses $1,671,761
Other Expenses $918,899
TOTAL EXPENSES $1,671,761

Year-over-Year Comparison

2025 2024 Change
Revenue $2,458,113 $2,022,057 +0.2%
Expenses $1,671,761 $1,813,607 -0.1%
Net Income $786,352 $208,450 +2.8%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
107
Independent Members
107
Employees
4
Volunteers
107

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
$266,449
Total Directors
24
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Charles DiVencenzo Jr Executive Director 040.00
Officer
$247,305 $19,144 $266,449
Pamela Heinrich Director of Legal Govt Affairs 040.00
Highest
$175,000 $5,250 $180,250
Eric Taylor Vice Chair 002.00
Officer Director
$0 $0 $0
David Wolfe Immediate Past Chari 002.00
Director
$0 $0 $0
Andrew Payne Chair 002.00
Officer Director
$0 $0 $0
Jay Brown Director 001.00
Director
$0 $0 $0
Brian Peterson Director 001.00
Director
$0 $0 $0
Branislav Nikolic Director 001.00
Director
$0 $0 $0
Luke Loewen Director 001.00
Director
$0 $0 $0
Paul Kruth Director 001.00
Director
$0 $0 $0
Jamie Kosharek Director 001.00
Director
$0 $0 $0
Matt Johnson Director 001.00
Director
$0 $0 $0
Sarah Garrity Director 001.00
Director
$0 $0 $0
Paul Garofoli Director 001.00
Director
$0 $0 $0
Nicohle Schluender Director 001.00
Director
$0 $0 $0
Jill Esser Director 001.00
Director
$0 $0 $0
Emily Cramer Treasurer 002.00
Officer Director
$0 $0 $0
Tom Bumbolow Director 001.00
Director
$0 $0 $0
Bryce Biklen Director 001.00
Director
$0 $0 $0
Dan Acker Secretary 002.00
Officer Director
$0 $0 $0
Jason Gould Director 001.00
Director
$0 $0 $0
Ann Raible Director 001.00
Director
$0 $0 $0
Rocky Robbins Director 001.00
Director
$0 $0 $0
Mike Tripses Director 001.00
Director
$0 $0 $0
Emily Kresowik Director 001.00
Director
$0 $0 $0
Mike Miller Director 001.00
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
2025 $2,458,113 $1,671,761 $2,624,083 $786,352
2024 $2,022,057 $1,813,607 $1,995,983 $208,450
2023 $1,812,906 $1,561,848 $1,659,036 $251,058
2022 $1,421,840 $1,233,780 $1,430,503 $188,060
2021 $1,212,602 $973,060 $1,111,243 $239,542
2020 $881,558 $869,863 $671,327 $11,695
Explore More Nonprofits
Top 100 Nonprofits in Wisconsin Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare National Association for Fixed Annuities with other nonprofits in Wisconsin and across the country.