NATIONAL ASSOCIATION OF CATASTOPHE… - 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

1976

Legal Domicile

Tax Period

2023-07-01 to 2024-06-30

NATIONAL ASSOCIATION OF CATASTOPHE ADJUSTERS INC, founded in 1976, is a small nonprofit that reported $589K in total revenue in fiscal year 2023. Revenue decreased 5% compared to the prior year. The organization ran a surplus of $188K, a strong 32% operating margin.

Mission

OUR PRIMARY MISSION IS TO PROVIDE A PROFESSIONAL ORGANIZATION FOCUSED ON EXCELLENCE IN CATASTROPHE INSURANCE ADJUSTING FO RMEMEBERS THROUGH EDUCATION, SHARED RESOURCES AND TECHNOLOGY.

Program Service Accomplishments

Program 1

Expenses: $401,511

MEMBERS OF THIS PROFESSIONAL ASSOCIATION ARE EXPERIENCED CATASTROPHER INSURANCE ADJUSTERS IN THE INDUSTRY, AS WELL AS SOME OF THE MOST RECONGIZED CATASTROPHE RELATED BUSINESSES IN THE INDUSTRY...

MEMBERS OF THIS PROFESSIONAL ASSOCIATION ARE EXPERIENCED CATASTROPHER INSURANCE ADJUSTERS IN THE INDUSTRY, AS WELL AS SOME OF THE MOST RECONGIZED CATASTROPHE RELATED BUSINESSES IN THE INDUSTRY. MEMBERS ENJOY 1)THEIR NAME IN THE PRINTED AND ELECTRONIC MEMBERSHIP ROSTER SHARED WITH THOUSANDS OF CONTACTS; 2) ASSOCIATION WITH A PROFESSIONAL ORGANIZATION; 3) MEMBER NAME, RESUME, AND HEADSHOT ON NACA WEBSITE FOR PROFESSIONALS TO SEE THE MEMBERS CAREER EXPERIENCE; 4)THE MEMBERS PROFILE ADDED TO NACAS SEARCHABLE ONLINE DATABASE; 5)THE MENTO PROGRAM TO BE EDUCATED ON WHAT THE TENURED ADJUSTERS DO. MEMBERS HAVE THE OPPORTUNITY FOR A PERSONAL SIT DOWN TIME AT THE CONVENTIONS WITH IA SEE PART III 4A STATEMEMT

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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 $85,500

Program Service Revenue $503,675

Investment Income $43

Other Revenue $0

TOTAL REVENUE $589,218

Expense Breakdown

Grants Paid $0

Salaries & Benefits $58,171

Fundraising Expenses $0

Program Expenses $401,511

Other Expenses $343,340

TOTAL EXPENSES $401,511

Year-over-Year Comparison

	2023	2022	Change
Revenue	$589,218	$620,237	-0.1%
Expenses	$401,511	$413,301	0.0%
Net Income	$187,707	$206,936	-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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
JOHN POSTAVA	BOARD OF DIRECTOR	Director	$0	$0	$0
MATTHEW SELPH	PRIOR TREASURER	Officer Director	$0	$0	$0
JULIA CHILDRESS	VICE PRESIDENT	Officer Director	$0	$0	$0
DANA TAYLOR	TREASURER	Officer Director	$0	$0	$0
BRUCE AUTHEMENT	PRIOR PRESIDENT	Officer Director	$0	$0	$0
DOUG HUBBY	PRESIDENT	Officer Director	$0	$0	$0
PAMELA REED	SECRETARY	Officer Director	$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	$635,511	$484,549	$736,241	$150,962
2024	$589,218	$401,511	$622,760	$187,707
2023	$620,237	$413,301	$430,577	$206,936
2022	$505,002	$493,511	$279,389	$11,491
2021	$435,749	$359,270	$268,229	$76,479
2020	$347,642	$354,272	$198,177	$-6,630
2019	$476,898	$470,723	$224,909	$6,175

NATIONAL ASSOCIATION OF CATASTOPHE ADJUSTERS INC