National Association Of Catastrophe Adjusters
- Assets
- $622.8k
- Revenue
- $589.2k
- Investments
- $0.0
- Employees
- 1
- Location
- Fort Worth, TX
- Founding
- 01/1993
- Data as of
- 06/2024
- EIN
- 75-1815944
Organization Overview
National Association Of Catastrophe Adjusters is located in Fort Worth, TX. The organization was established in 1993. According to its NTEE Classification (M20) the organization is classified as: Disaster Preparedness & Relief Services, under the broad grouping of Public Safety, Disaster Preparedness & Relief and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. National Association Of Catastrophe Adjusters 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 06/2024, National Association Of Catastrophe Adjusters generated $589.2k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 14.7% each year . All expenses for the organization totaled $401.5k during the year ending 06/2024. While expenses have increased by 9.6% 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
OUR PRIMARY MISSION IS TO PROVIDE A PROFESSIONAL ORGANIZATION FOCUSED ON EXCELLENCE IN CATASTROPHE INSURANCE ADJUSTING FO RMEMEBERS THROUGH EDUCATION, SHARED RESOURCES AND TECHNOLOGY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEMBERS OF THIS PROFESSIONAL ASSOCIATION ARE EXPERIENCED CATASTROPHER INSURANCE ADJUSTERS IN THE INDUSTRY, AS WELL AS SOME OF THE MOST RECONGIZED CATASTROPHE RELATED BUSINESSES IN THE INDUSTRY. MEMBERS ENJOY 1)THEIR NAME IN THE PRINTED AND ELECTRONIC MEMBERSHIP ROSTER SHARED WITH THOUSANDS OF CONTACTS; 2) ASSOCIATION WITH A PROFESSIONAL ORGANIZATION; 3) MEMBER NAME, RESUME, AND HEADSHOT ON NACA WEBSITE FOR PROFESSIONALS TO SEE THE MEMBERS CAREER EXPERIENCE; 4)THE MEMBERS PROFILE ADDED TO NACAS SEARCHABLE ONLINE DATABASE; 5)THE MENTO PROGRAM TO BE EDUCATED ON WHAT THE TENURED ADJUSTERS DO. MEMBERS HAVE THE OPPORTUNITY FOR A PERSONAL SIT DOWN TIME AT THE CONVENTIONS WITH IA SEE PART III 4A STATEMEMT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Postava Board Of Director | Trustee | 0 | $0 |
Matthew Selph Prior Treasurer | OfficerTrustee | 0 | $0 |
Julia Childress Vice President | OfficerTrustee | 0 | $0 |
Dana Taylor Treasurer | OfficerTrustee | 0 | $0 |
Bruce Authement Prior President | OfficerTrustee | 0 | $0 |
Doug Hubby President | OfficerTrustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $85,500 |
| 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 | $85,500 |
| Total Program Service Revenue | $503,675 |
| Investment income | $43 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $589,218 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $52,917 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $5,254 |
| Fees for services: Management | $20,903 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,100 |
| Office expenses | $10,174 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $256,701 |
| Interest | $10 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $8,298 |
| All other expenses | $0 |
| Total functional expenses | $401,511 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $309,637 |
| Savings and temporary cash investments | $253,935 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $40,945 |
| 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 | $16,473 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,770 |
| Total assets | $622,760 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $1,921 |
| Total liabilities | $1,921 |
| Net assets without donor restrictions | $620,839 |
| 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 | $622,760 |