National Association Of Credit Management Inc
- Assets
- $9.9m
- Revenue
- $3.3m
- Investments
- $791.0k
- Employees
- 48
- Location
- Columbia, MD
- Founding
- 04/1996
- Data as of
- 12/2022
- EIN
- 52-1972771
Organization Overview
National Association Of Credit Management Inc is located in Columbia, MD. The organization was established in 1996. According to its NTEE Classification (Y03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Mutual & Membership Benefit and related organizations. As of 12/2022, National Association Of Credit Management Inc employed 48 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. National Association Of Credit Management Inc 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 12/2022, National Association Of Credit Management Inc generated $3.3m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.9%) each year. All expenses for the organization totaled $2.0m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (5.1%) per year over the past 8 years. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
NACM'S MISSION IS CONTINUING EDUCATION, INFORMATION, AND SERVICES THAT SUPPORT NACM MEMBERS WHILE SETTING STANDARDS OF EXCELLENCE IN BUSINESS CREDIT AND FINANCIAL MANAGEMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONFERENCES AND MEETINGS: NACM'S LARGEST REVENUE STREAM. MEETINGS INCLUDE THE ANNUAL CREDIT CONGRESS AND EXPOSITION CONVENTION, WHICH IS THE NATION'S LARGEST GATHERING OF BUSINESS CREDIT PROFESSIONALS. OTHER MEETINGS INCLUDE A EUROPEAN SUMMIT AND EXPOSITION THAT FOCUSES ON CHALLENGES FOR INTERNATIONAL CREDIT PROFESSIONALS AND OTHER SEMINARS AND CONFERENCES. NACM ALSO ORGANIZES SPECIALIZED WORKSHOPS, ROUNDTABLE EVENTS, ONLINE TRAINING COURSES AND AUDIO TELECONFERENCES/WEBINARS TO EDUCATE MEMBERS ON ALL ASPECTS OF COMMERCIAL CREDIT, INCLUDING ECONOMIC FACTORS IMPACTING CREDIT, LAWS AND REGULATIONS, NEGOTIATIONS, BEST PRACTICES AND FINANCIAL ANALYSIS AND INTERPRETATION.
MEMBERSHIP: BUSINESSES THAT EXTEND COMMERCIAL TRADE CREDIT JOIN NACM AND APPOINT A REPRESENTATIVE OF THEIR CREDIT DEPARTMENT OR CREDIT OPERATION AS THE MEMBER REPRESENTATIVE. MEMBERSHIPS ARE ALSO OFFERED BY NACM'S FINANCE, CREDIT AND INTERNATIONAL BUSINESS ASSOCIATION (FCIB) AND NACM'S CREDIT AND FINANCIAL DEVELOPMENT DIVISION (CFDD).
EDUCATIONAL COURSES & PROGRAMS: EDUCATIONAL COURSES AND PROGRAMS INCLUDE REVENUES FROM NACM'S GRADUATE SCHOOL OF CREDIT & FINANCIAL MANAGEMENT (GSCFM) AND SPECIALTY COURSES THAT SUPPORT BUSINESS CREDIT PROFESSIONALS SUCH AS BUSINESS CREDIT PRINCIPLES, BASIC FINANCIAL STATEMENT ANALYSIS, INTERMEDIATE FINANCIAL STATEMENT ANALYSIS, BUSINESS LAW AND CREDIT LAW. IN ADDITION, NACM OFFERS SELF STUDY AND ONLINE COURSES, AND HOSTS AN ONLINE CREDIT LEARNING CENTER. EDUCATIONAL COURSES AND PROGRAMS ALSO SUPPORT FOUR NATIONAL NACM PROFESSIONAL DESIGNATIONS AND TWO GLOBALLY RECOGNIZED FCIB PROFESSIONAL DESIGNATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Darrell Horton Icce Chair | OfficerTrustee | 1 | $0 |
Deanna Leahy Cce Chair-Elect | OfficerTrustee | 1 | $0 |
Janine Sabo Cce Immediate Past Chairman | OfficerTrustee | 1 | $0 |
Georgette Bevan Cce Cga Director | Trustee | 1 | $0 |
Mike Hill Cce Director | Trustee | 1 | $0 |
Mike Bengert Cce Cicp Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,043,830 |
| 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 | $1,043,830 |
| Total Program Service Revenue | $2,247,704 |
| Investment income | $36,424 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $18,110 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$14,249 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $7,857 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,340,640 |
| 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. | $202,192 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,047,934 |
| Pension plan accruals and contributions | $19,033 |
| Other employee benefits | $138,907 |
| Payroll taxes | $104,054 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,459 |
| Fees for services: Accounting | $36,944 |
| Fees for services: Lobbying | $60,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $4,538 |
| Fees for services: Other | $141 |
| Advertising and promotion | $18,133 |
| Office expenses | $221,141 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $232,560 |
| Travel | $15,690 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $388,731 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $19,268 |
| Insurance | $45,726 |
| All other expenses | $0 |
| Total functional expenses | $2,028,255 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $834,439 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $7,027,996 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $16,700 |
| Prepaid expenses and deferred charges | $137,968 |
| Net Land, buildings, and equipment | $25,840 |
| Investments—publicly traded securities | $1,001,288 |
| Investments—other securities | $791,030 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $103,369 |
| Total assets | $9,938,630 |
| Accounts payable and accrued expenses | $1,015,450 |
| Grants payable | $0 |
| Deferred revenue | $520,152 |
| 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 | $0 |
| Total liabilities | $1,535,602 |
| Net assets without donor restrictions | $8,403,028 |
| 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 | $9,938,630 |