NAMIC INC (EIN 841488263) - 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

1980

Legal Domicile

Principal Officer

MICHAEL ALEXANDER

Phone

2125945985

Tax Period

2023-01-01 to 2023-12-31

NAMIC INC, founded in 1980, is a community nonprofit in the Community Improvement sector that reported $3.2M in total revenue in fiscal year 2023. Revenue decreased 6% compared to the prior year.

Mission

NAMIC INC IS A NOT-FOR-PROFIT TRADE ASSOCIATION THAT EDUCATES, ADVOCATES AND EMPOWERS FOR MULTI-ETHNIC DIVERSITY IN THE COMMUNICATIONS INDUSTRY. IT CULTIVATES INDIVIDUAL CAREERS AS WELL AS PARTNERING WITH OUR COUNTRYS LEADING MEDIA COMPANIES WHO ARE COMMITTED TO ADVANCING THE BUSINESS CASE FOR DIVERSITY.

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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 $974,803

Program Service Revenue $2,180,097

Investment Income $7,326

Other Revenue $0

TOTAL REVENUE $3,162,226

Expense Breakdown

Grants Paid $419,796

Salaries & Benefits $817,231

Fundraising Expenses $344,054

Program Expenses $2,508,836

Other Expenses $2,062,284

TOTAL EXPENSES $3,299,311

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,162,226	$3,350,192	-0.1%
Expenses	$3,299,311	$3,353,842	0.0%
Net Income	$-137,085	$-3,650	+36.6%

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

$260,405

Total Directors

$260,405

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHERYL MANLEY	DIRECTOR & CHAIR	1.00	Officer Director	$0	$0	$0
JOIAVA PHILPOTT	DIRECTOR & IMMEDIATE PAST CHAIR	1.00	Director	$0	$0	$0
PRAGASH PILLAI	DIRECTOR & TREASURER	1.00	Officer Director	$0	$0	$0
EMORY WALTON	DIRECTOR, CHAIR	1.00	Officer Director	$0	$0	$0
SANDY NUNEZ	DIRECTOR, VICE CHAIR	1.00	Officer Director	$0	$0	$0
A SHUANISE WASHINGTON	DIRECTOR, PRESIDENT & CEO	40.00	Officer Director	$259,385	$1,020	$260,405
MICHAEL ALEXANDER	DIRECTOR, ASSISTANT TREASURER	1.00	Officer Director	$0	$0	$0
FREDDY ROLON	DIRECTOR, SECRETARY	1.00	Officer Director	$0	$0	$0
GLENN GOLDSMITH	DIRECTOR	1.00	Director	$0	$0	$0
NILDA GUMBS	DIRECTOR	1.00	Director	$0	$0	$0
DANIELLE WADE	DIRECTOR	1.00	Director	$0	$0	$0
SANDRA GARCIA	DIRECTOR	1.00	Director	$0	$0	$0
EBONNE RUFFINS	DIRECTOR	1.00	Director	$0	$0	$0
JASON WILLIAMS	DIRECTOR	1.00	Director	$0	$0	$0
SHEEREEN RUSSELL	DIRECTOR	1.00	Director	$0	$0	$0
SONYA MIDDLETON	DIRECTOR	1.00	Director	$0	$0	$0
JEROME WEST	DIRECTOR	1.00	Director	$0	$0	$0
NYREE WRIGHT	DIRECTOR	1.00	Director	$0	$0	$0
ANNE-MARIE BURTON	CHIEF, STRATEGY AND PROGRAMS	40.00	Highest	$137,336	$13,045	$150,381

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	$3,162,226	$3,299,311	$1,944,798	$-137,085
2022	$3,350,192	$3,353,842	$2,386,796	$-3,650
2021	$3,528,180	$2,799,322	$1,843,222	$728,858
2020	$3,025,294	$2,662,085	$1,276,900	$363,209
2019	$3,477,067	$3,797,162	$960,248	$-320,095
2018	$3,890,216	$3,791,924	$761,108	$98,292

NAMIC INC