NATIONAL ASSOCIATION OF CONVENIENCE STORES (EIN 952237749) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1961

Legal Domicile

Principal Officer

HENRY O ARMOUR

Phone

7035184225

Tax Period

2024-01-01 to 2024-12-31

NATIONAL ASSOCIATION OF CONVENIENCE STORES, founded in 1961, is a mid-sized nonprofit that reported $39.3M in total revenue in fiscal year 2018. Expenses of $37.9M left a modest 4% surplus.

Mission

TO SERVE AS AN ADVOCATE FOR THE CONVENIENCE RETAILING INDUSTRY.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $60,761,126

Investment Income $1,775,384

Other Revenue $-699,713

TOTAL REVENUE $61,836,797

Expense Breakdown

Grants Paid $5,430,563

Salaries & Benefits $23,950,734

Fundraising Expenses $0

Other Expenses $31,050,664

TOTAL EXPENSES $60,431,961

Year-over-Year Comparison

	2024	2023	Change
Revenue	$61,836,797	$50,087,305	+0.2%
Expenses	$60,431,961	$51,777,048	+0.2%
Net Income	$1,404,836	$-1,689,743	-1.8%

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

Volunteers

356

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

$5,693,407

Total Directors

Key Employees

$5,626,176

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JARED SCHEELER	PAST CHAIRMAN (UNTIL 10/24)	1.00	Director	$0	$0	$0
LISA DELL'ALBA	OFFICER, TREASURER (UNTIL 10/24)	1.00	Officer Director	$0	$0	$0
BRIAN HANNASCH	OFFICER, CHAIRMAN (AS OF 10/24)	1.00	Officer Director	$0	$0	$0
JOSE VICTOR PARDO PATERNO	CHAIRMAN UNTIL 10/24, PAST CHAIRMAN	2.00	Officer Director	$0	$0	$0
DONALD R RHOADS	PAST CHAIRMAN	1.00	Director	$0	$0	$0
CHUCK MAGGELET	OFFICER (UNTIL 5/24)	1.00	Director	$0	$0	$0
ANNE GAUTHIER	OFFICER, TREASURER (AS OF 10/24)	1.00	Officer Director	$0	$0	$0
VARISH GOYAL	OFFICER UNTIL 10/24, DIRECTOR	1.00	Director	$0	$0	$0
CHARLES C MCILVAINE	OFFICER	1.00	Director	$0	$0	$0
LONNIE MCQUIRTER	OFFICER	1.00	Director	$0	$0	$0
CHRIS BAMBURY	DIRECTOR	1.00	Director	$0	$0	$0
FREDERIC CHAVEYRIAT	DIRECTOR (UNTIL 3/24)	1.00	Director	$0	$0	$0
ANDREW CLYDE	DIRECTOR	1.00	Director	$0	$0	$0
TERRY GALLAGHER	DIRECTOR	1.00	Director	$0	$0	$0
RAYMOND M HUFF	DIRECTOR	1.00	Director	$0	$0	$0
INA M MATTHEWS	DIRECTOR (UNTIL 10/24)	1.00	Director	$0	$0	$0
ROBERT RAZOWSKY	DIRECTOR	1.00	Director	$0	$0	$0
JIGAR PATEL	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD WOOD III	DIRECTOR (UNTIL 10/24)	1.00	Director	$0	$0	$0
JOHN D JACKSON	DIRECTOR (UNTIL 10/24)	1.00	Director	$0	$0	$0
BRIAN C MCCARTHY	DIRECTOR	1.00	Director	$0	$0	$0
TONY MILLER	DIRECTOR UNTIL 10/24, OFFICER	1.00	Director	$0	$0	$0
DAVID CHARLES SR	SUPPLIER BOARD REP (UNTIL 10/24)	1.00	Director	$0	$0	$0
VITO MAURICI	SUPPLIER BOARD REPRESENTATIVES	1.00	Director	$0	$0	$0
TOM BRENNAN	DIRECTOR	1.00	Director	$0	$0	$0
NATALIE MORHOUS	DIRECTOR	1.00	Director	$0	$0	$0
STANLEY REYNOLDS	DIRECTOR	1.00	Director	$0	$0	$0
KRISTIN SEABROOK	DIRECTOR	1.00	Director	$0	$0	$0
BABIR SULTAN	DIRECTOR	1.00	Director	$0	$0	$0
MARK JORDAN	DIRECTOR (AS OF 10/24)	1.00	Director	$0	$0	$0
LISA BLALOCK	DIRECTOR (AS OF 10/24)	1.00	Director	$0	$0	$0
BRIAN DONALDSON	DIRECTOR (AS OF 10/24)	1.00	Director	$0	$0	$0
ERIN GRAZIOSI	DIRECTOR (AS OF 10/24)	1.00	Director	$0	$0	$0
BRYAN MORROW	SUPPLIER BOARD REP (AS OF 10/24)	1.00	Director	$0	$0	$0
TRAVIS T SHEETZ	DIRECTOR (AS OF 10/24)	1.00	Director	$0	$0	$0
DOUG YAWBERRY	DIRECTOR (AS OF 10/24)	1.00	Director	$0	$0	$0
SCOTT ZIETLOW	DIRECTOR (AS OF 10/24)	1.00	Director	$0	$0	$0
HENRY OGDEN ARMOUR	PRESIDENT & CEO	36.50	Officer	$5,620,377	$73,030	$5,693,407
BRIAN E KIMMEL	EXECUTIVE VP, COO AND CFO	36.50	Key Emp	$919,249	$69,094	$988,343
LYLE K BECKWITH	SR. V.P., GOVERNMENT RELATIONS	37.50	Key Emp	$784,927	$67,742	$852,669
DOUGLAS STEPHEN KANTOR	GENERAL COUNSEL	37.50	Key Emp	$704,102	$63,946	$768,048
LORI BUSS STILLMAN	V.P., RESEARCH	36.50	Key Emp	$697,025	$31,050	$728,075
ROBERT J HUGHES	VP, SUPPLIER RELATIONS/EXPOSITIONS	37.50	Key Emp	$479,147	$78,896	$558,043
JOHN EICHBERGER	TEI EXECUTIVE DIRECTOR	5.00	Key Emp	$50,000	$42,442	$500,324
STEPHANIE SIKORSKI	VICE PRESIDENT, MARKETING	37.50	Key Emp	$388,062	$41,609	$429,671
JEFFREY C BURRELL	VICE PRESIDENT, ENGAGEMENT	37.50	Key Emp	$361,995	$17,153	$379,148
JOSEPH J LENARD	VP, STRATEGIC INDUSTRY INITIATIVES	37.50	Key Emp	$336,689	$85,166	$421,855
ANNA READY BLOM	DIRECTOR, GOVERNMENT RELATIONS	37.50	Highest	$371,865	$60,308	$432,173
CHRISTOPHER RAPANICK	MANAGING DIRECTOR, NACS RESEARCH	37.50	Highest	$286,196	$43,488	$329,684
TED STEVEN ASPROOTH	NATIONAL SALES MANAGER	37.50	Highest	$268,141	$40,606	$308,747
JONATHAN TAETS	DIRECTOR, GOVERNMENT RELATIONS	37.50	Highest	$255,319	$51,573	$306,892
MATTHEW MORRIS - DIRECTOR	COMPUTER AND NETWORK OPERATIONS	37.50	Highest	$223,996	$52,300	$276,296

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	$61,836,797	$60,431,961	$78,794,360	$1,404,836
2023	$50,087,305	$51,777,048	$76,445,621	$-1,689,743
2022	$46,405,862	$47,208,332	$71,760,201	$-802,470
2021	$56,800,862	$37,239,507	$81,131,547	$19,561,355
2020	$20,851,152	$33,850,986	$61,273,357	$-12,999,834
2019	$40,323,551	$37,002,667	$72,813,365	$3,320,884
2018	$39,302,800	$37,883,158	$62,493,507	$1,419,642

NATIONAL ASSOCIATION OF CONVENIENCE STORES