NATIONAL ASSOCIATION OF STATE PROC… - 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

1947

Legal Domicile

Principal Officer

VALERIE BOLLINGER

Phone

8595149159

Tax Period

2024-01-01 to 2024-12-31

NATIONAL ASSOCIATION OF STATE PROCUREMENT OFFICALS INC, founded in 1947, is a mid-sized nonprofit in the Education sector that reported $44.0M in total revenue in fiscal year 2024. Revenue surged 27% from the prior year, signaling strong growth momentum. The organization ran a surplus of $11.0M, a strong 25% operating margin.

Mission

PROMOTE GOVERNMENT EXCELLENCE BY DELIVERING SUPERIOR PROCUREMENT SOLUTIONS FOR THE BENEFIT OF THE PUBLIC.

Program Service Accomplishments

Program 1

Expenses: $12,408,938 Revenue: $35,156,401

COOPERATIVE PURCHASING - OFFERING A MEMBER LEAD COOPERATIVE PURCHASING PROGRAM, TO ADDRESS THE NEEDS OF MEMBER STATES AND DELIVER BEST VALUE CONTRACTS FOR THE BENEFIT OF THE PUBLIC. PROVIDED STATES WITH NO ADMINISTRATIVE FEE CONTRACTS FOR PUBLIC INTEREST GOODS SUCH AS WIC INFANT FORMULA.

Program 2

Expenses: $9,289,892 Revenue: $24,532

PROFESSIONAL DEVELOPMENT - NASPO OFFERS A MULTI-FACETED EDUCATION PLATFORM FOR MEMBERS AND OTHER STATE AND LOCAL GOVERNMENT PROCUREMENT PROFESSIONALS. PROCUREMENT U PROVIDES TRAINING, PUBLICATIONS...

PROFESSIONAL DEVELOPMENT - NASPO OFFERS A MULTI-FACETED EDUCATION PLATFORM FOR MEMBERS AND OTHER STATE AND LOCAL GOVERNMENT PROCUREMENT PROFESSIONALS. PROCUREMENT U PROVIDES TRAINING, PUBLICATIONS, AND CERTIFICATION EXAM SUPPORT. TO SUPPORT STATES, NASPO ALSO OFFERS A PROFESSIONAL DEVELOPMENT FUND TO SUPPORT THE PROFESSIONAL GROWTH OF STATE PROCUREMENT PROFESSIONALS. CONDUCTED INSTRUCTOR LED TRAININGS TOTALING OVER 36,000 CONTACT HOURS AT NO COST.PROCUREMENT U PARTNERED WITH SEVERAL NATIONALLY ACCLAIMED UNIVERSITIES TO HELP DEVELOP CURRICULUM AROUND PUBLIC PROCUREMENT. PROCUREMENT U PROVIDED ALL NASPO DEVELOPED COURSES FREE OF CHARGE TO THE PUBLIC. THE PROFESSIONAL DEVELOPMENT PROGRAM DEVELOPED EDUCATIONAL SESSIONS FOR ALL FIVE NASPO CONFERENCES. THESE SESSONS INCLUDED A MIXTURE OF PRESENTATIONS BY SUBJECT MATTER EXPERTS AND PEER TO PEER LEARNING. TO ADDRESS WORKFORCE SHORTAGES IN STATES, NASPO ADMINISTERS AN INTERNSHIP PROGRAM IN PARTNERSHIP WITH LEADING SUPPLY CHAIN MANAGEMENT PROGRAMS ACROSS THE COUNTRY. LAUNCHED THE REPOSITORY OF STATE PRACTICES, A DATABASE OF STATE PROCUREMENT STATUTES, REGULATIONS, AND POLICIES.

Program 3

Expenses: $5,171,817 Revenue: $1,640,487

CONFERENCES - CONFERENCES ARE AN INTEGRAL PART OF THE ORGANIZATION BY ALLOWING MEMBERS TO SHARE "BEST PRACTICES AND LEARN NEW SKILLS. NASPO PROVIDES OUR CONFERENCES AT NO COST TO OUR MEMBERS BECAUSE OF THE IMPORTANCE OF BRINGING TOGETHER OUR MEMBERS AND PARTNERS.HOSTED OVER TWENTYFIVE CONFERENCES AND EVENTS.OUR CONFERENCES ALSO HOST A NASPO CARES EVENT IN WHICH MEMBERS AND STAFF PARTICIPATE IN PROJECTS TO GIVE BACK TO LOCAL COMMUNITIES.

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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 $0

Program Service Revenue $36,704,244

Investment Income $7,208,413

Other Revenue $117,176

TOTAL REVENUE $44,029,833

Expense Breakdown

Grants Paid $1,603,895

Salaries & Benefits $13,159,759

Fundraising Expenses $0

Program Expenses $26,870,647

Other Expenses $18,241,483

TOTAL EXPENSES $33,005,137

Year-over-Year Comparison

	2024	2023	Change
Revenue	$44,029,833	$34,650,357	+0.3%
Expenses	$33,005,137	$24,288,176	+0.4%
Net Income	$11,024,696	$10,362,181	+0.1%

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

120

Volunteers

446

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

$2,423,770

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
VALARIE BOLLINGER	PRESIDENT	1.00	Officer Director	$0	$0	$0
DEB DAMORE	PRESIDENT-ELECT	1.00	Officer Director	$0	$0	$0
MIKE PERRY	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
DELBERT SINGLETON	PAST PRESIDENT	1.00	Officer Director	$0	$0	$0
ANGELA SHELL	DIRECTOR	1.00	Director	$0	$0	$0
STEVE BERG	DIRECTOR	1.00	Director	$0	$0	$0
BOBBY POUNDS	DIRECTOR	1.00	Director	$0	$0	$0
WINDY APHAYRATH	DIRECTOR	1.00	Director	$0	$0	$0
JARED AMBROSIER	DIRECTOR	1.00	Director	$0	$0	$0
SHERRI MAXWELL	DIRECTOR	1.00	Director	$0	$0	$0
DAVID O'NEAL	CHAIR-ELECT	1.00	Officer Director	$0	$0	$0
LINDLE HATTON	CEO	40.00	Officer	$565,990	$63,290	$629,280
SUSAN GONZALEZ	CHIEF CONFERENCE & EVENTS	40.00	Officer	$204,102	$18,168	$222,270
JENNIFER SALTS	CHIEF OF STAFF	40.00	Officer	$236,250	$45,185	$281,435
MATTHEW OYER	CHIEF LEARNING OFFICER	40.00	Officer	$197,071	$28,912	$225,983
JUSTIN KAUFMAN	CHEIF LEGAL OFFICER	40.00	Officer	$221,302	$13,084	$234,386
ROBERT SIEVERT	CHIEF TECHNOLOGY OFFICER	40.00	Officer	$215,571	$43,103	$258,674
JAIME SCHORR	CHIEF COOPERATIVE OFFICER	40.00	Officer	$184,068	$30,356	$214,424
DANIEL STADNYK	CFO	40.00	Officer	$152,084	$27,565	$179,649
DANIEL KRUGER	CHIEF DEVELOPMENT OFFICER	40.00	Officer	$166,095	$11,574	$177,669
DERRICK STRAND	UPPCC EXECUTIVE DIRECTOR	40.00	Highest	$152,465	$36,509	$188,974
BARTLY LEMMON	NVP DIRECTOR OF SUPPLIER D	40.00	Highest	$154,801	$23,011	$177,812
ZACHARY CHRISTENSEN	EPUTY CHIEF COOPERATIVE PROCUREMENT OFFICE	40.00	Highest	$168,635	$18,863	$187,498
FAY PALMER	LEGAL COUNSEL	40.00	Highest	$159,488	$19,976	$179,464
BRICE FISKE	SENIOR LEGAL COUNSEL	40.00	Highest	$142,375	$19,071	$161,446

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	$44,029,833	$33,005,137	$178,146,748	$11,024,696
2023	$34,650,357	$24,288,176	$154,308,347	$10,362,181
2022	$34,124,483	$21,387,045	$129,502,305	$12,737,438
2021	$31,374,950	$14,055,925	$137,920,901	$17,319,025
2020	$21,853,162	$12,916,337	$112,442,272	$8,936,825
2019	$21,056,947	$15,399,090	$80,065,885	$5,657,857
2018	$19,413,787	$17,331,125	$72,246,819	$2,082,662

NATIONAL ASSOCIATION OF STATE PROCUREMENT OFFICALS INC