NATIONAL ASSOCIATION OF STATE APPROVING AGENCIES (EIN 880144083) - 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

1989

Legal Domicile

Principal Officer

TRAMAINE CARROLL-PAYNE

Phone

8042481239

Tax Period

2022-07-01 to 2023-06-30

NATIONAL ASSOCIATION OF STATE APPROVING AGENCIES, founded in 1989, is a small nonprofit that reported $175K in total revenue in fiscal year 2022. Revenue surged 120% from the prior year, signaling strong growth momentum.

Mission

TO PROVIDE EDUCATION SEMINARS TO STATE AGENCIES FOR VETERANS SERVICES

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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 (2022)

Revenue Breakdown

Contributions & Grants $55,434

Program Service Revenue $119,820

Investment Income $1

Other Revenue $0

TOTAL REVENUE $175,255

Expense Breakdown

Grants Paid $10,200

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $92,261

Other Expenses $165,409

TOTAL EXPENSES $175,609

Year-over-Year Comparison

	2022	2021	Change
Revenue	$175,255	$79,519	+1.2%
Expenses	$175,609	$145,498	+0.2%
Net Income	$-354	$-65,979	-1.0%

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

N/A

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
FRANK MYERS	PRESIDENT	20.00	Officer	$0	$0	$0
REBECCA RYAN	VICE PRESIDENT	20.00	Officer	$0	$0	$0
JOHN MURRAY	SECRETARY	20.00	Officer	$0	$0	$0
TRAMINE CARROLLPAYNE	TREASURER	20.00	Officer	$0	$0	$0
EVERETTE JACKSN	JUDGE ADVOCATE	20.00	Director	$0	$0	$0
DAVID SALGADO	LEGISLATIVE DIRECTOR	20.00	Director	$0	$0	$0
MARISOL BIRTH	CENTRAL REGION VICE PRESIDENT	20.00	Officer	$0	$0	$0
JENNIFER ST JEAN	EAST REGION VICE PRESIDENT	20.00	Officer	$0	$0	$0
CLEOPHUS WALLACE	SOUTH REGION VICE PRESIDENT	20.00	Officer	$0	$0	$0
KATHERINE SNYDER	WEST REGION VICE PRESIDENT	20.00	Officer	$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
2023	$175,255	$175,609	$55,806	$-354
2022	$79,519	$145,498	$56,160	$-65,979
2021	$43,899	$121,410	$122,139	$-77,511
2020	$318,933	$168,781	$199,650	$150,152

NATIONAL ASSOCIATION OF STATE APPROVING AGENCIES