NATIONAL FEDERATION OF INDEPENDENT BUSINESS INC (EIN 940707299) - 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

1949

Legal Domicile

Principal Officer

BRAD CLOSE

Phone

6158725800

Tax Period

2024-01-01 to 2024-12-31

NATIONAL FEDERATION OF INDEPENDENT BUSINESS INC, founded in 1949, is a major nonprofit that reported $115.8M in total revenue in fiscal year 2024. Expenses of $134.2M exceeded revenue, resulting in a 16% operating deficit.

Mission

NATIONAL FEDERATION OF INDEPENDENT BUSINESS' MISSION IS TO PROMOTE AND PROTECT (SEE SCH O)

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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 $2,289,406

Program Service Revenue $107,695,513

Investment Income $2,931,270

Other Revenue $2,932,241

TOTAL REVENUE $115,848,430

Expense Breakdown

Grants Paid $589,867

Salaries & Benefits $104,821,261

Fundraising Expenses $0

Other Expenses $28,234,763

TOTAL EXPENSES $134,201,829

Year-over-Year Comparison

	2024	2023	Change
Revenue	$115,848,430	$113,302,030	+0.0%
Expenses	$134,201,829	$123,555,281	+0.1%
Net Income	$-18,353,399	$-10,253,251	+0.8%

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

871

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

$6,754,411

Total Directors

$1,538,149

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRAD CLOSE	PRESIDENT	37.00	Officer Director	$1,213,444	$68,813	$1,282,257
NEVIN GROCE	CHAIRMAN	1.00	Director	$42,000	$249	$42,249
STEVE SCHRAMM	DIRECTOR	1.00	Director	$30,143	$249	$30,392
JEFF READY	DIRECTOR	1.00	Director	$28,359	$249	$28,608
MARIA DAVID	DIRECTOR	1.00	Director	$28,203	$249	$28,452
JOSE VILLA	DIRECTOR	1.00	Director	$28,000	$249	$28,249
PATTI MELLARD	DIRECTOR	1.00	Director	$24,754	$249	$25,003
ROB HOLT	DIRECTOR	1.00	Director	$24,192	$249	$24,441
SAM CHAMBERLAIN	DIRECTOR	1.00	Director	$24,000	$249	$24,249
LISA FULLERTON	DIRECTOR	1.00	Director	$24,000	$249	$24,249
DAVID ADDINGTON	EVP/SECRETARY/PARLIAMENTARIAN	33.00	Officer	$732,837	$36,386	$769,223
JOHN CASELLA	SVP	40.00	Officer	$577,688	$68,980	$646,668
ADAM TEMPLE	SVP	40.00	Officer	$509,361	$62,030	$571,391
JEFF SMITH	SVP/CFO	37.00	Officer	$506,041	$57,665	$563,706
TIM FRANKE	VP	40.00	Officer	$359,249	$69,364	$428,613
JANET CONNOR	VP	40.00	Officer	$377,581	$39,253	$416,834
CHRIS PITTS	SVP/ASST SECRETARY	37.00	Officer	$381,478	$35,076	$416,554
TIM GOODRICH	VP	40.00	Officer	$329,412	$55,977	$385,389
KIPP MALONEY	VP	39.00	Officer	$333,035	$45,348	$378,383
DAWN SIMPSON	VP/TREASURER	37.00	Officer	$282,418	$44,125	$326,543
JEFF BRABANT	VP	40.00	Officer	$239,738	$53,315	$293,053
BRIANNA ERICKSON	VP	40.00	Officer	$248,767	$27,030	$275,797
MINDY KUBRIN	FIELD SALES REP	40.00	Highest	$451,712	$46,173	$497,885
ROBERT JOHNSON	FIELD SALES REP	40.00	Highest	$386,051	$44,513	$430,564
LYLE PAYNE	FIELD SALES REP	40.00	Highest	$329,452	$39,314	$368,766
ALLAN SUNBERG	FIELD SALES DIRECTOR	40.00	Highest	$316,703	$36,045	$352,748
GINA BRUCE	TELEPHONE SALES DIRECTOR	40.00	Highest	$296,772	$39,835	$336,607

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	$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