National Association Of Subrogation Professionals
- Assets
- $2.6m
- Revenue
- $3.1m
- Investments
- $0.0
- Employees
- 3
- Location
- Pittsburgh, PA
- Founding
- 06/2000
- Data as of
- 12/2023
- EIN
- 41-1935100
Organization Overview
National Association Of Subrogation Professionals is located in Pittsburgh, PA. The organization was established in 2000. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2023, National Association Of Subrogation Professionals employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. National Association Of Subrogation Professionals is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2023, National Association Of Subrogation Professionals generated $3.1m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 4.2% each year. All expenses for the organization totaled $2.9m during the year ending 12/2023. While expenses have increased by 4.7% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO ENHANCE THE STATURE AND EFFECTIVENESS OF SUBROGATION AND RECOVERY PROFESSIONALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONFERENCES - NASP HOLDS TWO CONFERENCES EACH YEAR. THE ANNUAL CONFERENCE TAKES PLACE IN THE FALL AND OFFERS 76 UNIQUE EDUCATIONAL SESSIONS TO NEARLY 1,000 SUBROGATION PROFESSIONALS FROM ALL 50 STATES. THE FOCUS OF THIS CONFERENCE IS ON THE SHARING OF INFORMATION AND EDUCATION PROVIDED TO SUBROGATION PROFESSIONALS. NASP ALSO HOLDS A SPRING CONFERENCE, WHICH PROVIDES "MASTER-CLASS" TRAINING AND EDUCATION FOR ATTORNEYS AND SUBROGATION PROFESSIONALS WHO ARE INVOLVED IN OR OVERSEEING THE SUBROGATION LITIGATION PROCESS.
COMMUNICATIONS:EMAGAZINE (SUBROGATOR DIGEST) - FOUR TIMES A YEAR, NASP GATHERS AND REVIEWS ARTICLES, PERFORMS LAYOUT, PRODUCES AND DISTRIBUTES A DIGITAL DIGEST DEDICATED TO THE SUBROGATION INDUSTRY.WEBSITE - NASP'S WEBSITE IS THE PORTAL TO EVERYTHING THAT NASP OFFERS. THE WEBSITE OFFERS BOTH A PUBLIC SITE AND MEMBERS-ONLY SITE. THE PUBLIC SITE SHARES INFORMATION ON NASP'S EDUCATIONAL PROGRAMS, ADVOCACY, AND INITIATIVES. THE MEMBERS-ONLY SITE ALLOWS MEMBERS TO NOT ONLY MANAGE THEIR PROFILES AND REGISTER FOR NASP EVENTS, BUT ALSO ACCESS TO THE DIRECTORY OF MEMBERS, ARCHIVED ARTICLES WHICH HAVE APPEARED IN THE MAGAZINE, WEBINARS, AND ARCHIVED PRESENTATIONS FROM PAST CONFERENCES.MEMBER FORUM - NASP SPONSORS A PRIVATE, MEMBERS-ONLY FORUM FOR MEMBERS. THROUGH THE FORUM, MEMBERS ARE ABLE TO SHARE INFORMATION AND GATHER INFORMATION PERTINENT TO THEIR DAILY RESPONSIBILITIES.
NASP CONDUCTS BENCHMARKING STUDIES IN ALL LINES OF BUSINESS OF THE SUBROGATION INDUSTRY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Leslie S Wiernik Chief Executive Officer | Officer | 40 | $313,620 |
Elle Wiernik Assistant Director | 40 | $166,173 | |
Sheila Dye President | OfficerTrustee | 1 | $0 |
Robert Stern Vice President | OfficerTrustee | 1 | $0 |
Jon Coscia Treasurer | OfficerTrustee | 1 | $0 |
Joe Rich Secretary | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
The Broadmoor Hotel Conference Host Hotel | 12/30/23 | $582,113 |
Legacy Productions Production Vendor For Conferences | 12/30/23 | $272,420 |
Entenza Law Firm Llc Legal Counsel | 12/30/23 | $133,467 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $3,074,052 |
| Investment income | $75,288 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$5,466 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,149,433 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $338,406 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $279,635 |
| Pension plan accruals and contributions | $20,177 |
| Other employee benefits | $22,160 |
| Payroll taxes | $34,601 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $126,342 |
| Fees for services: Accounting | $68,176 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $5,109 |
| Fees for services: Other | $0 |
| Advertising and promotion | $50,319 |
| Office expenses | $28,812 |
| Information technology | $133,764 |
| Royalties | $0 |
| Occupancy | $39,717 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,383,729 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $27,545 |
| Insurance | $15,398 |
| All other expenses | $51,639 |
| Total functional expenses | $2,864,103 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $82 |
| Savings and temporary cash investments | $1,964,401 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $200,039 |
| Net Land, buildings, and equipment | $108,786 |
| Investments—publicly traded securities | $238,882 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $111,738 |
| Total assets | $2,623,928 |
| Accounts payable and accrued expenses | $25,330 |
| Grants payable | $0 |
| Deferred revenue | $637,576 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $136,535 |
| Total liabilities | $799,441 |
| Net assets without donor restrictions | $1,824,487 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,623,928 |