THE NATIONAL ACADEMIES CORPORATION (EIN 942994279) - 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

1986

Legal Domicile

Principal Officer

JOHN ANDERSON

Phone

2023343003

Tax Period

2023-01-01 to 2023-12-31

THE NATIONAL ACADEMIES CORPORATION, founded in 1986, is a small nonprofit in the Science & Technology sector that reported $281K in total revenue in fiscal year 2023. Revenue surged 34% from the prior year, signaling strong growth momentum. Expenses of $1.4M exceeded revenue, resulting in a 386% operating deficit.

Mission

THE NATIONAL ACADEMIES CORPORATION (TNAC) OWNS AND MAINTAINS THE ARNOLD AND MABEL BECKMAN CENTER, A CONFERENCE AND STUDY CENTER IN IRVINE, CALIFORNIA, FOR THE BENEFIT OF THE NATIONAL ACADEMY OF SCIENCES, THE NATIONAL ACADEMY OF ENGINEERING, THE NATIONAL ACADEMY OF MEDICINE, AND THE NATIONAL RESEARCH COUNCIL.

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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 $0

Program Service Revenue $0

Investment Income $200,833

Other Revenue $80,380

TOTAL REVENUE $281,213

Expense Breakdown

Grants Paid $641,300

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,128,331

Other Expenses $726,154

TOTAL EXPENSES $1,367,454

Year-over-Year Comparison

	2023	2022	Change
Revenue	$281,213	$210,574	+0.3%
Expenses	$1,367,454	$1,502,804	-0.1%
Net Income	$-1,086,241	$-1,292,230	-0.2%

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

N/A

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

$3,741,754

Total Directors

$3,391,569

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARCIA MCNUTT	CHAIR	2.00	Officer Director	$0	$87,658	$1,149,501
JOHN ANDERSON	PRESIDENT	2.00	Officer Director	$0	$93,860	$1,121,045
VICTOR DZAU	BOARD MEMBER	1.00	Director	$0	$94,050	$1,121,023
JACQUELINE K BARTON	BOARD MEMBER	1.00	Director	$0	$0	$0
THOMAS E EVERHART	BOARD MEMBER (END 12/31/23)	1.00	Director	$0	$0	$0
ANTHONY A JAMES	BOARD MEMBER	1.00	Director	$0	$0	$0
ROGER L MCCARTHY	BOARD MEMBER	1.00	Director	$0	$0	$0
KRZYSZTOF PALCZEWSKI	BOARD MEMBER	1.00	Director	$0	$0	$0
WILLIAM H PRESS	TREASURER	1.00	Officer Director	$0	$0	$0
DAVID TIRRELL	BOARD MEMBER	1.00	Director	$0	$0	$0
ALTON ROMIG	EXECUTIVE SECRETARY	1.00	Officer	$0	$95,069	$438,276
KENNETH FULTON	EXECUTIVE DIRECTOR	1.00	Officer	$0	$77,795	$421,283
MARY SALMON	CHIEF FIN. OFFICER (END 07/07/23)	1.00	Officer	$0	$46,089	$297,544
EBUN JOHNSON	CHIEF FIN. OFFICER (BEG 8/12/23)	1.00	Officer	$0	$64,489	$314,105

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	$281,213	$1,367,454	$17,957,983	$-1,086,241
2022	$210,574	$1,502,804	$17,769,242	$-1,292,230
2021	$666,842	$1,341,771	$20,487,959	$-674,929
2020	$968,131	$1,186,784	$19,675,433	$-218,653
2019	$1,459,283	$1,144,546	$19,553,055	$314,737
2018	$10,200	$1,135,688	$18,829,581	$-1,125,488

THE NATIONAL ACADEMIES CORPORATION