NATIONAL ASSOCIATION OF LEGAL ASSISTANTS INC (EIN 730977884) - 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

1975

Legal Domicile

Principal Officer

VANESSA E FINLEY

Phone

9185876828

Tax Period

2023-01-01 to 2023-12-31

NATIONAL ASSOCIATION OF LEGAL ASSISTANTS INC, founded in 1975, is a community nonprofit that reported $2.3M in total revenue in fiscal year 2023. Revenue grew 8% year-over-year, indicating healthy expansion.

Mission

THE ORGANIZATION SEEKS TO PROVIDE EXCEPTIONAL CONTINUING EDUCATION AND PROFESSIONAL DEVELOPMENT DESIGNED SPECIFICALLY TO ADVANCE PARALEGALS AND OTHER LEGAL PROFESSIONALS IN THEIR CAREERS. NALA CONNECTS MEMBERS WITH THEIR PEERS ACROSS THE NATION AND OPENS DOORS OF KNOWLEDGE AND OPPORTUNITY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $2,117,009

Investment Income $10,174

Other Revenue $148,508

TOTAL REVENUE $2,275,691

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,123,644

Fundraising Expenses $0

Other Expenses $1,235,955

TOTAL EXPENSES $2,359,599

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,275,691	$2,106,218	+0.1%
Expenses	$2,359,599	$2,510,069	-0.1%
Net Income	$-83,908	$-403,851	-0.8%

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

139

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

$167,541

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DEBRA OVERSTREET	PRESIDENT	20.00	Officer Director	$0	$0	$0
CHERYL NODARSE	VICE PRESIDENT	20.00	Officer Director	$0	$0	$0
DEBBY SAWYER	TREASURER	20.00	Officer Director	$0	$0	$0
PEONCA GRIER	SECRETARY	10.00	Officer Director	$0	$0	$0
SHARON JONES	AFFILIATED ASSOCIATIONS DI	10.00	Director	$0	$0	$0
DANA WELCKER	AREA 1 DIRECTOR	5.00	Director	$0	$0	$0
ANGELA OBERLE	AREA 2 DIRECTOR	5.00	Director	$0	$0	$0
VICKI KASPER	AREA 3 DIRECTOR	5.00	Director	$0	$0	$0
JEANNA ELLIOTT	AT LARGE DIRECTOR	5.00	Director	$0	$0	$0
BRIDGET STUHR	AT LARGE DIRECTOR	5.00	Director	$0	$0	$0
LISA STONE	CERTIFYING BOARD CHAIR	5.00	Director	$0	$0	$0
DEANA WATERS	CONTINUING EDUCATION COUNCIL CHAIR	5.00	Director	$0	$0	$0
KELLY ELDER	PROFESSIONAL DEVELOPMENT COMMITTEE CHAIR	5.00	Director	$0	$0	$0
KRISTINE CUSTODIO	DIVERSITY, EQUITY, & INCLUSION CHAIR	5.00	Director	$0	$0	$0
VANESSA FINLEY	CEO	35.00	Officer	$159,340	$8,201	$167,541

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	$2,275,691	$2,359,599	$817,323	$-83,908
2022	$2,106,218	$2,510,069	$1,110,447	$-403,851
2021	$1,904,032	$1,820,933	$1,127,637	$83,099
2020	$1,786,370	$1,610,845	$973,798	$175,525
2019	$1,976,994	$1,851,230	$827,265	$125,764
2018	$1,669,010	$1,816,343	$616,057	$-147,333

NATIONAL ASSOCIATION OF LEGAL ASSISTANTS INC