NATIONAL FEDERATION OF INDEPENDENT… - 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

1949

Legal Domicile

Principal Officer

BRAD CLOSE

Phone

6158725800

Tax Period

2025-01-01 to 2025-12-31

NATIONAL FEDERATION OF INDEPENDENT BUSINESS INC, founded in 1949, is a major nonprofit that reported $114.9M in total revenue in fiscal year 2025.

Mission

THE PURPOSES FOR WHICH THIS CORPORATION IS ORGANIZED ARE: 1. TO PROMOTE THE ECONOMIC, FINANCIAL AND POLITICAL WELFARE OF ITS MEMBERS; TO ELEVATE THE PRESTIGE AND STANDING OF THE INDEPENDENT SMALL BUSINESS OWNER IN HIS/HER COMMUNITY; TO ORGANIZE THE INDEPENDENT OR SMALL BUSINESS OWNER INTO AN ASSOCIATION TO THE END THAT HIS/HER VOICE MAY BE HEARD EFFECTIVELY IN STATE AND NATIONAL AFFAIRS AFFECTING SMALL BUSINESS. 2. TO PRESERVE, PROTECT, PROMOTE AND DEVELOP THE AMERICAN SYSTEM OF PRIVATE ENTERPRISE BY PROMOTING AND DEVELOPING LAWS AND REGULATIONS HELPFUL AND BENEFICIAL TO, AND FOR THE PRESERVATION OF, SMALL BUSINESS. 3. TO CONDUCT POLLS AMONG ITS MEMBERS ON MATTERS OF IMPORTANCE CONCERNING AND AFFECTING SMALL BUSINESS AND ITS PROBLEMS, AND TO COLLECT, COMPILE AND DISSEMINATE INFORMATION OVER THE AIR AND THROUGH THE PRESS RELATING THERETO TO ITS MEMBERS AND THE GENERAL PUBLIC. 4. TO EXPOSE AND RESIST CORRUPTION IN GOVERNMENT AND TO SECURE HONESTY, EFFICIENCY AND ECONOMY IN NATIONAL, STATE, AND LOCAL GOVERNMENTS. 5. TO CARRY ON AN EDUCATIONAL CAMPAIGN AMONG ITS MEMBERS AND THE GENERAL PUBLIC AND IN THIS CONNECTION, TO PUBLISH MEMBER COMMUNICATIONS AND PROVIDE A WEBSITE FOR THE PURPOSE OF DISSEMINATING INFORMATION AND IDEAS TO ITS MEMBERS AND TO THE PUBLIC RELATING TO PROBLEMS VITAL AND OF INTEREST TO SMALL BUSINESS, WITH A VIEW TO LAWFULLY INFLUENCING THE PASSAGE OF LEGISLATION BENEFICIAL TO ITS MEMBERS AND THE GENERAL PUBLIC, AND THE DEFEAT OF LEGISLATION DEEMED TO BE INIMICAL TO SMALL BUSINESS AND THE GENERAL PUBLIC, AND FROM TIME TO TIME TO CIRCULATE ITS MEMBERSHIP AND TO SECURE THEIR SUBJECT MATTERS OF LEGISLATION AFFECTING SMALL BUSINESS. 6. TO FOSTER THE PROMOTION AND ADVANCEMENT OF CIVIC, COMMERCIAL, INDUSTRIAL AND POLITICAL WELFARE OF ITS MEMBERS IN THEIR RESPECTIVE COMMUNITIES.

Program Service Accomplishments

Program 1

NFIB IS A NONPARTISAN ADVOCACY ORGANIZATION THAT REPRESENTS SEVERALHUNDRED THOUSAND SMALL AND INDEPENDENT BUSINESSES IN ALL FIFTY STATES.NFIB LOBBIES ON BEHALF OF SMALL AND INDEPENDENT BUSINESS AT...

NFIB IS A NONPARTISAN ADVOCACY ORGANIZATION THAT REPRESENTS SEVERALHUNDRED THOUSAND SMALL AND INDEPENDENT BUSINESSES IN ALL FIFTY STATES.NFIB LOBBIES ON BEHALF OF SMALL AND INDEPENDENT BUSINESS AT THE FEDERALLEVEL AND IN ALL FIFTY STATES. THROUGH ITS COMMUNICATION ACTIVITIES,NFIB ALSO PROVIDES ITS MEMBERS, ELECTED OFFICIALS, NEWS MEDIA AND THEGENERAL PUBLIC WITH INFORMATION REGARDING THE IMPORTANCE OF SMALL ANDINDEPENDENT BUSINESS AND THE VALUE OF THE FREE ENTERPRISE SYSTEM. NFIBALSO CONDUCTS RESEARCH ON SMALL BUSINESS POLICY-RELATED ISSUES ANDECONOMIC TRENDS.

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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 (2025)

Revenue Breakdown

Contributions & Grants $2,204,889

Program Service Revenue $105,953,242

Investment Income $3,796,119

Other Revenue $2,923,530

TOTAL REVENUE $114,877,780

Expense Breakdown

Grants Paid $572,487

Salaries & Benefits $82,248,505

Fundraising Expenses $0

Other Expenses $28,077,907

TOTAL EXPENSES $111,564,000

Year-over-Year Comparison

	2025	2024	Change
Revenue	$114,877,780	$115,848,430	0.0%
Expenses	$111,564,000	$134,201,829	-0.2%
Net Income	$3,313,780	$-18,353,399	-1.2%

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

950

Volunteers

N/A

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

$7,454,207

Total Directors

$1,590,616

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRAD CLOSE	PRESIDENT	37.00	Officer Director	$1,210,869	$72,589	$1,283,458
NEVIN GROCE	CHAIRMAN	1.00	Director	$43,210	$250	$43,460
STEVE SCHRAMM	DIRECTOR	1.00	Director	$29,090	$250	$29,340
JEFF READY	DIRECTOR	1.00	Director	$28,000	$250	$28,250
JOSE VILLA	DIRECTOR	1.00	Director	$28,000	$250	$28,250
PATTI MELLARD	DIRECTOR	1.00	Director	$28,000	$250	$28,250
ROB HOLT	DIRECTOR	1.00	Director	$28,000	$250	$28,250
MARIA DAVID	DIRECTOR	1.00	Director	$24,859	$250	$25,109
STEPHANIE CAMARILLO	DIRECTOR	1.00	Director	$24,725	$250	$24,975
AMY SPARKS	DIRECTOR	1.00	Director	$24,524	$250	$24,774
LISA FULLERTON	DIRECTOR	1.00	Director	$24,000	$250	$24,250
SAM CHAMBERLAIN	DIRECTOR	1.00	Director	$22,000	$250	$22,250
DAVID ADDINGTON	EVP/SECRETARY/PARLIAMENTARIAN	33.00	Officer	$719,911	$38,268	$758,179
JOHN CASELLA	SVP	40.00	Officer	$578,612	$72,951	$651,563
ADAM TEMPLE	SVP	40.00	Officer	$516,127	$65,501	$581,628
JEFF SMITH	SVP/CFO	37.00	Officer	$489,533	$60,579	$550,112
TIM FRANKE	VP	40.00	Officer	$369,289	$73,801	$443,090
CHRIS PITTS	SVP/ASST SECRETARY	37.00	Officer	$398,612	$38,830	$437,442
MICHAEL MALONEY	VP	39.00	Officer	$379,118	$26,875	$405,993
TIM GOODRICH	VP	40.00	Officer	$344,954	$59,953	$404,907
GINA BRUCE	VP	40.00	Officer	$322,606	$67,074	$389,680
ALLAN SUNBERG	VP	40.00	Officer	$319,363	$38,189	$357,552
DAWN SIMPSON	VP/TREASURER	37.00	Officer	$300,015	$48,103	$348,118
BRIANNA ERICKSON	VP	40.00	Officer	$278,099	$56,019	$334,118
JEFF BRABANT	VP	40.00	Officer	$258,592	$59,097	$317,689
JANET CONNOR	VP	40.00	Officer	$176,191	$14,487	$190,678
ROBERT JOHNSON	FIELD SALES REP	40.00	Highest	$418,114	$41,191	$459,305
MINDY KUBRIN	FIELD SALES REP	40.00	Highest	$327,753	$38,059	$365,812
LYLE PAYNE	FIELD SALES REP	40.00	Highest	$318,793	$40,906	$359,699
MICHAEL MORRIS	REGION SALES DIRECTOR	40.00	Highest	$321,387	$26,573	$347,960
JAMIE BOKELMANN	FIELD SALES REP	40.00	Highest	$315,214	$15,633	$330,847

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	$114,877,780	$111,564,000	$133,726,243	$3,313,780
2024	$115,848,430	$134,201,829	$100,077,719	$-18,353,399
2023	$113,302,030	$123,555,281	$105,926,451	$-10,253,251
2022	$105,848,770	$95,257,739	$93,908,878	$10,591,031
2021	$109,079,617	$91,270,473	$77,203,691	$17,809,144
2020	$92,806,439	$82,902,246	$58,748,789	$9,904,193
2019	$97,191,251	$96,579,388	$47,721,464	$611,863
2018	$100,107,175	$95,406,073	$47,388,825	$4,701,102

NATIONAL FEDERATION OF INDEPENDENT BUSINESS INC