NATIONAL ASSOCIATION OF CANNABIS BUSINESSES INC

EIN: 932784295

BROOKFIELD, WI

Total Revenue
$240,600
Total Expenses
$239,808
Total Assets
$792
Net Assets
$792
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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
2023
Legal Domicile
WI
Principal Officer
JOSHUA LATERMAN
Phone
2032918238
Tax Period
2023-01-01 to 2023-12-31

NATIONAL ASSOCIATION OF CANNABIS BUSINESSES INC, founded in 2023, is a small nonprofit that reported $241K in total revenue in fiscal year 2023.

Mission

THE NACB WAS ESTABLISHED IN ORDER TO PROMOTE THE GENERAL WELFARE OF THE CANNABIS INDUSTRY AND ITS PARTICIPANTS BY FOSTERING PRACTICES INTENDED TO SUPPORT AND SUSTAIN THE GROWTH OF THE INDUSTRY IN A MANNER CONSISTENT WITH NACB'S TAX-EXEMPT PURPOSES. IN FURTHERANCE OF THIS PURPOSE, THE OBJECTIVES OF THE NACB ARE AS FOLLOWS:(A) TO ASSIST ITS MEMBERS IN SERVING THEIR EQUITY HOLDERS, CUSTOMERS, EMPLOYEES, AND COMMUNITY IN A RESPONSIBLE AND PROFITABLE MANNER;(B) TO IMPROVE THE COMPETITIVE ENVIRONMENT IN THE CANNABIS INDUSTRY BY FOSTERING THE SURVIVAL AND PROSPERITY OF CANNABIS-RELATED BUSINESSES IN THE UNITED STATES;(C) TO PROVIDE ITS MEMBERS WITH EDUCATIONAL PROGRAMS AND SERVICES AND MEMBERSHIP COMMUNICATIONS SPECIFIC TO THE CANNABIS INDUSTRY; AND(D) TO MAKE RELEVANT AND ACCURATE DATA AVAILABLE TO POLICYMAKERS AND LEGISLATORS IN ORDER TO ENABLE THEM TO MAKE INFORMED DECISIONS AND TO APPROPRIATELY DESIGN LAWS, REGULATIONS, RULES AND GUIDANCE RELATING TO THE CANNABIS INDUSTRY

Program Service Accomplishments

Program 1

IMPROVEMENT OF OVERALL BUSINESS CONDITIONS OF THE CANNABIS INDUSTRY AS A WHOLE.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $220,000
Program Service Revenue $20,600
Investment Income $0
Other Revenue $0
TOTAL REVENUE $240,600

Expense Breakdown

Grants Paid $0
Salaries & Benefits $3,500
Fundraising Expenses $0
Other Expenses $236,308
TOTAL EXPENSES $239,808

Year-over-Year Comparison

2023 2022 Change
Revenue $240,600 N/A N/A
Expenses $239,808 N/A N/A
Net Income $792 N/A N/A
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

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Governance

Voting Members
2
Independent Members
1
Employees
N/A
Volunteers
2

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
2
$15,125
Total Directors
2
$15,125
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOHN MURRY TREASURER 1.00
Officer Director
$3,500 $0 $15,125
JOSHUA LATERMAN DIRECTOR, PRESIDENT, SECRETARY 1.00
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
2023 $240,600 $239,808 $792 $792
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