NATIONAL ASSOCIATION OF SECRETARIES OF STATE (EIN 611332655) - Form 990 Financial Analysis & Trantor Score

🔒

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

Financial Trends

Organization Details

Formation Year

1904

Legal Domicile

Principal Officer

LESLIE REYNOLDS

Phone

2026243525

Tax Period

2022-07-01 to 2023-06-30

NATIONAL ASSOCIATION OF SECRETARIES OF STATE, founded in 1904, is a community nonprofit in the Community Improvement sector that reported $1.5M in total revenue in fiscal year 2022. Revenue grew 18% year-over-year, indicating healthy expansion. Expenses of $1.3M left a modest 12% surplus.

Mission

TO SERVE AS A CATALYST IN STATE LEADERSHIP PROGRAMS TO EDUCATE MEMBERS ON METHODS TO IMPROVE THE PERFORMANCE AND EFFECTIVENESS WITHIN STATE GOVERNMENT, AND TO ESTABLISH TIES WITH OTHER NATIONAL OR REGIONAL ORGANIZATIONS TO STRENGTHEN CITIZEN PARTICIPATION IN THE PROCESS OF PUBLIC DECISION MAKING.

🔒

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%)

Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $787,749

Program Service Revenue $663,741

Investment Income $3,341

Other Revenue $5,020

TOTAL REVENUE $1,459,851

Expense Breakdown

Grants Paid $0

Salaries & Benefits $806,100

Fundraising Expenses $35,635

Program Expenses $550,529

Other Expenses $474,243

TOTAL EXPENSES $1,280,343

Year-over-Year Comparison

	2022	2021	Change
Revenue	$1,459,851	$1,234,018	+0.2%
Expenses	$1,280,343	$1,082,931	+0.2%
Net Income	$179,508	$151,087	+0.2%

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

Governance

Voting Members

Independent Members

Employees

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

$243,570

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HON KYLE ARDOIN	PRESIDENT	2.00	Officer Director	$0	$0	$0
HON MAC WARNER	MEMBER AT LARGE - ACR LIAI	2.00	Director	$0	$0	$0
HON STEVE SIMON	VICE-PRESIDENT-MIDWESTERN	2.00	Officer Director	$0	$0	$0
HON KIMERLY BASSETT	MEMBER AT LARGE - NPA LIAI	2.00	Director	$0	$0	$0
HON TAHESHA WAY	PRESIDENT ELECT	2.00	Officer Director	$0	$0	$0
HON JEFFREY BULLOCK	VICE-PRESIDENT-EASTERN REG	2.00	Director	$0	$0	$0
HON MICHAEL WATSON	VICE-PRESIDENT-SOUTHERN RE	2.00	Director	$0	$0	$0
HON SCOTT SCHWAB	TREASURER	2.00	Director	$0	$0	$0
HON LAWRENCE DENNEY	VICE-PRESIDENT-WESTERN REG	2.00	Director	$0	$0	$0
HON JOHN WOBENSMITH	SECRETARY	2.00	Officer Director	$0	$0	$0
HON MAGGIE TOULOUSE OLIVER	PAST PRESIDENT	2.00	Director	$0	$0	$0
LESLIE REYNOLDS	EXECUTIVE DIRECTOR	40.00	Officer	$206,968	$36,602	$243,570
LINDSAY FORSON	EMPLOYEE	40.00	Highest	$116,173	$21,366	$137,539

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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$1,459,851	$1,280,343	$1,848,183	$179,508
2022	$1,234,018	$1,082,931	$1,429,285	$151,087
2021	$780,407	$816,126	$1,533,269	$-35,719
2020	$1,012,069	$1,156,159	$1,279,531	$-144,090
2019	$1,239,159	$1,197,851	$1,461,089	$41,308
2018	$1,107,581	$992,261	$1,415,105	$115,320

NATIONAL ASSOCIATION OF SECRETARIES OF STATE