NATIONAL ASSOCIATION OF STUDENT FINANCIAL AID ADMINISTRATORS (EIN 830211970) - 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

1973

Legal Domicile

Principal Officer

MELANIE E STOREY

Phone

2027850453

Tax Period

2024-07-01 to 2025-06-30

NATIONAL ASSOCIATION OF STUDENT FINANCIAL AID ADMINISTRATORS, founded in 1973, is a mid-sized nonprofit in the Education sector that reported $15.4M in total revenue in fiscal year 2024. Expenses of $13.7M left a modest 11% surplus.

Mission

DEVELOPMENT FOR FINANCIAL AID ADMINISTRATORS; ADVOCATES FOR PUBLIC POLICIES THAT INCREASE STUDENT ACCESS AND SUCCESS; SERVES AS A FORUM ON STUDENT FINANCIAL AID ISSUES, AND IS COMMITTED TO DIVERSITY THROUGHOUT ALL ACTIVITIES.

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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 $3,247,953

Program Service Revenue $10,957,575

Investment Income $857,067

Other Revenue $289,542

TOTAL REVENUE $15,352,137

Expense Breakdown

Grants Paid $0

Salaries & Benefits $6,319,896

Fundraising Expenses $0

Program Expenses $10,951,657

Other Expenses $7,342,869

TOTAL EXPENSES $13,662,765

Year-over-Year Comparison

	2024	2023	Change
Revenue	$15,352,137	$14,789,722	+0.0%
Expenses	$13,662,765	$13,512,318	+0.0%
Net Income	$1,689,372	$1,277,404	+0.3%

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

365

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

$364,147

Total Directors

Key Employees

$675,524

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KRISTI L JOVELL	NATIONAL CHAIR	1.00	Director	$0	$0	$0
HEIDI A CARL	NATIONAL CHAIR-ELECT	1.00	Director	$0	$0	$0
HELEN FAITH	PAST NATIONAL CHAIR	1.00	Director	$0	$0	$0
DANETTE BURGESS	REGIONAL REPRESENTATIVE	1.00	Director	$0	$0	$0
AMANDA CORNELIUS	REGIONAL REPRESENTATIVE	1.00	Director	$0	$0	$0
KELLI ENGELHARDT MSPR MBA	REGIONAL REPRESENTATIVE	1.00	Director	$0	$0	$0
AMANDA FIJAL MED	REGIONAL REPRESENTATIVE	1.00	Director	$0	$0	$0
LEIGH ANN HUSSEY	REGIONAL REPRESENTATIVE	1.00	Director	$0	$0	$0
AUDRA D MAIN BLS MALS	REGIONAL REPRESENTATIVE	1.00	Director	$0	$0	$0
DAVID B ALEXANDER	REPRESENTATIVE-AT-LARGE	1.00	Director	$0	$0	$0
SARAH B EVERITT	REPRESENTATIVE-AT-LARGE	1.00	Director	$0	$0	$0
SILVIA E MARQUEZ	REPRESENTATIVE-AT-LARGE	1.00	Director	$0	$0	$0
CHRISTAL D WILLIAMS MBA MSOD	REPRESENTATIVE-AT-LARGE	1.00	Director	$0	$0	$0
ALEX DELONIS	TREASURER	1.00	Director	$0	$0	$0
SHARON J OLIVER	DIVERSITY OFFICER	1.00	Director	$0	$0	$0
MELET LEAFGREEN	BOARD SECRETARY	1.00	Director	$0	$0	$0
SHANNON L CROSSLAND	REPRESENTATIVE-AT-LARGE	1.00	Director	$0	$0	$0
AMY D CABLE	REPRESENTATIVE-AT-LARGE	1.00	Director	$0	$0	$0
ELIZABETH MAGLIONE	INTERIM PRESIDENT & CEO	40.00	Officer	$302,888	$61,259	$364,147
MINDY ELINE	VICE PRESIDENT	40.00	Key Emp	$208,380	$49,436	$257,816
DANA KELLY	VICE PRESIDENT	40.00	Key Emp	$174,242	$40,040	$214,282
KAREN MCCARTHY	VICE PRESIDENT	40.00	Key Emp	$158,752	$44,674	$203,426
SYDNEY EVANS	CHIEF OF STAFF	40.00	Highest	$119,518	$25,200	$144,718
DAVID FUTRELL	DIRECTOR OF INSTITUTIONAL COMPLIANCE	40.00	Highest	$125,895	$28,880	$154,775
TAMMY HARRISON	DIRECTOR OF CLIENT SERVICES	40.00	Highest	$254,451	$26,923	$281,374
CARRIE CONRAD	VICE PRESIDENT	40.00	Highest	$147,917	$42,697	$190,614
DAVID PAGE	SENIOR BUSINESS DEVELOPMENT SPECIALIST	40.00	Highest	$204,128	$24,368	$228,496
JUSTIN DRAEGER	PRESIDENT & CEO	40.00		$278,894	$45,110	$324,004

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	$15,352,137	$13,662,765	$30,071,895	$1,689,372
2024	$14,789,722	$13,512,318	$30,689,724	$1,277,404
2023	$11,084,089	$9,935,657	$25,889,664	$1,148,432
2022	$11,681,568	$8,978,187	$20,879,146	$2,703,381
2021	$10,008,615	$7,788,832	$22,189,727	$2,219,783
2020	$8,010,062	$8,449,106	$18,135,268	$-439,044
2019	$9,670,471	$9,591,579	$18,733,706	$78,892
2018	$9,169,376	$8,868,394	$17,122,286	$300,982

NATIONAL ASSOCIATION OF STUDENT FINANCIAL AID ADMINISTRATORS