NFIB SMALL BUSINESS LEGAL CENTER (EIN 621570449) - Form 990 Financial Analysis & Trantor Score

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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

1994

Legal Domicile

Principal Officer

BRAD CLOSE

Phone

6158725800

Tax Period

2024-01-01 to 2024-12-31

NFIB SMALL BUSINESS LEGAL CENTER, founded in 1994, is a community nonprofit in the Education sector that reported $1.4M in total revenue in fiscal year 2024. Expenses of $1.3M left a modest 6% surplus.

Mission

THE NFIB SMALL BUSINESS LEGAL CENTER'S MISSION IS TO BE THE VOICE FOR SMALL BUSINESS (SEE SCH O)

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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 $1,357,631

Program Service Revenue $0

Investment Income $6,424

Other Revenue $0

TOTAL REVENUE $1,364,055

Expense Breakdown

Grants Paid $0

Salaries & Benefits $829,021

Fundraising Expenses $197,413

Program Expenses $1,035,579

Other Expenses $457,471

TOTAL EXPENSES $1,286,492

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,364,055	$1,285,447	+0.1%
Expenses	$1,286,492	$1,075,577	+0.2%
Net Income	$77,563	$209,870	-0.6%

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

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

$3,358,283

Total Directors

$1,538,149

Key Employees

$353,430

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRAD CLOSE	PRESIDENT	1.00	Officer Director	$0	$68,813	$1,282,257
NEVIN GROCE	CHAIRMAN	0.25	Director	$0	$249	$42,249
STEVE SCHRAMM	DIRECTOR	0.25	Director	$0	$249	$30,392
JEFF READY	DIRECTOR	0.25	Director	$0	$249	$28,608
MARIA DAVID	DIRECTOR	0.25	Director	$0	$249	$28,452
JOSE VILLA	DIRECTOR	0.25	Director	$0	$249	$28,249
PATTI MELLARD	DIRECTOR	0.25	Director	$0	$249	$25,003
ROB HOLT	DIRECTOR	0.25	Director	$0	$249	$24,441
SAM CHAMBERLAIN	DIRECTOR	0.25	Director	$0	$249	$24,249
LISA FULLERTON	DIRECTOR	0.25	Director	$0	$249	$24,249
DAVID ADDINGTON	VP/SECRETARY/PARLIAMENTARIAN	5.00	Officer	$0	$36,386	$769,223
JEFF SMITH	CFO	1.00	Officer	$0	$57,665	$563,706
CHRIS PITTS	ASST SECRETARY	1.00	Officer	$0	$35,076	$416,554
DAWN SIMPSON	TREASURER	1.00	Officer	$0	$44,125	$326,543
BETH MILITO	EXECUTIVE DIRECTOR	40.00	Key Emp	$335,938	$17,492	$353,430
PATRICK MORAN	SENIOR ATTORNEY	40.00	Highest	$159,638	$5,534	$165,172
ROB SMITH	SENIOR ATTORNEY	40.00	Highest	$124,321	$15,116	$139,437

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	$1,364,055	$1,286,492	$977,927	$77,563
2023	$1,285,447	$1,075,577	$888,474	$209,870
2022	$1,202,615	$1,088,229	$631,972	$114,386
2021	$1,300,903	$1,097,441	$563,152	$203,462
2020	$1,041,625	$1,056,585	$346,490	$-14,960
2019	$647,573	$1,064,474	$332,350	$-416,901
2018	$1,005,825	$1,067,760	$358,174	$-61,935

NFIB SMALL BUSINESS LEGAL CENTER