NATIONAL LIEUTENANT GOVERNORS ASSOCIATION INC

EIN: 611227811 501(c)(3) Public & Societal Benefit

Covington, KY

Total Revenue
$1,064,255
Total Expenses
$514,062
Total Assets
$3,380,392
Net Assets
$3,380,392
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2013
Legal Domicile
KY
Principal Officer
Julia Brossart
Phone
8592831400
Tax Period
2023-01-01 to 2023-12-31

NATIONAL LIEUTENANT GOVERNORS ASSOCIATION INC, founded in 2013, is a community nonprofit in the Public & Societal Benefit sector that reported $1.1M in total revenue in fiscal year 2023. Revenue surged 56% from the prior year, signaling strong growth momentum. The organization ran a surplus of $550K, a strong 52% operating margin.

Mission

The NLGA provides a medium for the exchange of views and expression on issues of shared interest, fosters interstate cooperation, and improves the efficiency and effectiveness of states and US territories and the office of lieutenant governor and second-in-command.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,064,255
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $1,064,255

Expense Breakdown

Grants Paid $0
Salaries & Benefits $241,946
Fundraising Expenses $51,405
Program Expenses $411,252
Other Expenses $272,116
TOTAL EXPENSES $514,062

Year-over-Year Comparison

2023 2022 Change
Revenue $1,064,255 $680,445 +0.6%
Expenses $514,062 $603,534 -0.1%
Net Income $550,193 $76,911 +6.2%
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

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Liquidity & Cash Position

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Governance

Voting Members
16
Independent Members
16
Employees
3
Volunteers
N/A

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
3
$0
Total Directors
13
$0
Key Employees
1
$222,000
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Julia Brossart Director 50
Key Emp Highest
$111,000 $111,000 $222,000
Juliana Stratton Lieutenant Governor 1
Director
$0 $0 $0
Billy Nungesser Lieutenant Governor 1
Director
$0 $0 $0
Bethany Hall Long Lieutenant Governor 1
Director
$0 $0 $0
Sabina Matos Lt. Governor 1
Director
$0 $0 $0
Jacqueline Coleman Lt. Governor 1
Director
$0 $0 $0
Josh Tenorio Lt. Governor 1
Director
$0 $0 $0
Larry Rhoden Lt. Governor 1
Director
$0 $0 $0
Craig Blair Lt. Governor 1
Director
$0 $0 $0
Will Ainsworth Lt. Governor 1
Director
$0 $0 $0
Stavros Anthony Lt. Governor 1
Director
$0 $0 $0
Deidre Henderson Lt. Governor 1
Director
$0 $0 $0
Aruna Miller Lt. Governor 1
Director
$0 $0 $0
Omar Marrerro Sec. of State 1
Director
$0 $0 $0
Adam Gregg Lieutenant Governor 1
Officer
$0 $0 $0
Garlin Gilchrist Lt. Governor 1
Officer
$0 $0 $0
Pamela Evette Lt. Governor 1
Officer
$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 $1,064,255 $514,062 $3,380,392 $550,193
2022 $680,445 $603,534 $2,830,199 $76,911
2021 $843,134 $436,826 $2,753,288 $406,308
2020 $487,897 $284,402 $2,346,980 $203,495
2019 $737,085 $542,764 $2,127,076 $194,321
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