National Association Of Fleet Administrators Inc
National Association Of Fleet Administrators Inc faces recurring operating deficits and negative net assets despite consistent revenue.
EIN: 112050435 · Edison, NJ · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $5.7M |
| Total Expenses | $5.1M |
| Program Spending | 70% |
| Net Assets | $-464,575 |
| Transparency Score | 65/100 |
Is National Association Of Fleet Administrators Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
National Association Of Fleet Administrators Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About National Association Of Fleet Administrators Inc
National Association Of Fleet Administrators Inc (EIN: 112050435) is a nonprofit organization based in Edison, NJ. The organization reported total revenue of $5.7M and total assets of $2.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of National Association Of Fleet Administrators Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
National Association Of Fleet Administrators Inc is a mid-size nonprofit that has been operating for 48 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $5.1M |
| Total Expenses | $5.1M |
| Surplus / Deficit | +$19K |
| Total Assets | $2.1M |
| Total Liabilities | $2.5M |
| Net Assets | $-464,575 |
| Operating Margin | 0.4% |
| Debt-to-Asset Ratio | 122.6% |
| Months of Reserves | 4.9 months |
Financial Health Grade: A
In 2023, National Association Of Fleet Administrators Inc reported a surplus of $19K with revenue exceeding expenses, holds 4.9 months of operating reserves (adequate), has a debt-to-asset ratio of 122.6% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), National Association Of Fleet Administrators Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +18.5% | +2.7% | -5.7% |
| 2022 | +5.3% | +25.8% | +18.1% |
| 2021 | +65.5% | +14.9% | -12.1% |
| 2020 | -46.5% | -32.3% | -37.9% |
| 2019 | -1.4% | +5.3% | +3.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1978 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates National Association Of Fleet Administrators Inc with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, National Association Of Fleet Administrators Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $19K, with revenue exceeding expenses.
- Debt-to-asset ratio: 122.6%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries or benefits are paid to its officers, which is highly unusual for an organization of its size and revenue, and suggests a volunteer-led or externally compensated leadership structure.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of National Association Of Fleet Administrators Inc's IRS 990 filings:
- Consistent negative net asset position (liabilities exceeding assets, e.g., $2,522,993 liabilities vs. $2,058,418 assets in 2023).
- Recurring operating deficits (expenses frequently exceed revenue, e.g., 2022 and 2020).
- Significant fluctuation in asset base over time, indicating potential instability or strategic shifts.
Strengths
The following positive indicators were identified for National Association Of Fleet Administrators Inc:
- Consistent revenue generation, typically in the $4-5 million range.
- No reported officer compensation, suggesting efficient use of funds for mission-related activities.
- Long history of IRS 990 filings, indicating transparency and compliance.
Frequently Asked Questions about National Association Of Fleet Administrators Inc
Is National Association Of Fleet Administrators Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, National Association Of Fleet Administrators Inc (EIN: 112050435) some concerns. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.
How does National Association Of Fleet Administrators Inc spend its money?
National Association Of Fleet Administrators Inc directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to National Association Of Fleet Administrators Inc tax-deductible?
National Association Of Fleet Administrators Inc is registered as a tax-exempt nonprofit (EIN: 112050435). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of National Association Of Fleet Administrators Inc's spending goes to programs?
National Association Of Fleet Administrators Inc directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
Where is National Association Of Fleet Administrators Inc located?
National Association Of Fleet Administrators Inc is headquartered in Edison, New Jersey and files with the IRS under EIN 112050435.
How many years of IRS 990 filings does National Association Of Fleet Administrators Inc have?
National Association Of Fleet Administrators Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $5.7M in total revenue.
Why do liabilities consistently exceed assets for NAFA?
In 2023, liabilities were $2,522,993 while assets were $2,058,418, and similar trends are observed in 2022 and 2019. This indicates a negative net asset position, which could be due to deferred revenue, significant short-term obligations, or accumulated operating losses.
How does NAFA manage without officer compensation?
The consistent reporting of 0% officer compensation across all filings suggests that the organization's leadership may be entirely volunteer-based, compensated through a related entity, or that compensation is categorized differently within the 990, which would require further investigation.
What is the cause of the recurring operating deficits?
NAFA has frequently reported expenses exceeding revenues, such as in 2022 ($4,934,787 expenses vs. $4,295,106 revenue) and 2020 ($3,414,024 expenses vs. $2,464,558 revenue). This could be due to fluctuations in event attendance, membership dues, or increased operational costs not fully offset by revenue growth.
Filing History
IRS 990 filing history for National Association Of Fleet Administrators Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), National Association Of Fleet Administrators Inc's revenue has grown by 44%, moving from $3.5M to $5.1M. Total assets decreased by 47.5% over the same period, from $3.9M to $2.1M. Total functional expenses rose by 53%, from $3.3M to $5.1M. In its most recent filing year (2023), National Association Of Fleet Administrators Inc reported a surplus of $19K, with revenue exceeding expenses. The organization holds $2.5M in liabilities against $2.1M in assets (debt-to-asset ratio: 122.6%), resulting in net assets of $-464,575.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $5.1M | $5.1M | $2.1M | $2.5M | — | — |
| 2022 | $4.3M | $4.9M | $2.2M | $2.7M | — | View 990 |
| 2021 | $4.1M | $3.9M | $1.8M | $1.5M | — | View 990 |
| 2020 | $2.5M | $3.4M | $2.1M | $1.9M | — | — |
| 2019 | $4.6M | $5.0M | $3.4M | $2.2M | — | View 990 |
| 2018 | $4.7M | $4.8M | $3.3M | $2.0M | — | View 990 |
| 2017 | $4.5M | $4.3M | $4.1M | $2.4M | — | — |
| 2016 | $4.3M | $3.9M | $3.6M | $2.2M | — | View 990 |
| 2015 | $3.9M | $4.5M | $2.9M | $2.0M | — | View 990 |
| 2014 | $4.3M | $4.7M | $3.5M | $1.8M | — | View 990 |
| 2013 | $4.2M | $4.1M | $4.5M | $2.1M | — | View 990 |
| 2012 | $3.6M | $3.5M | $4.2M | $2.2M | — | View 990 |
| 2011 | $3.5M | $3.3M | $3.9M | $1.5M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $5.1M, expenses of $5.1M, and assets of $2.1M (revenue +18.5% year-over-year).
- 2022: Revenue of $4.3M, expenses of $4.9M, and assets of $2.2M (revenue +5.3% year-over-year).
- 2021: Revenue of $4.1M, expenses of $3.9M, and assets of $1.8M (revenue +65.5% year-over-year).
- 2020: Revenue of $2.5M, expenses of $3.4M, and assets of $2.1M (revenue -46.5% year-over-year).
- 2019: Revenue of $4.6M, expenses of $5.0M, and assets of $3.4M (revenue -1.4% year-over-year).
- 2018: Revenue of $4.7M, expenses of $4.8M, and assets of $3.3M (revenue +4.7% year-over-year).
- 2017: Revenue of $4.5M, expenses of $4.3M, and assets of $4.1M (revenue +2.7% year-over-year).
- 2016: Revenue of $4.3M, expenses of $3.9M, and assets of $3.6M (revenue +10.8% year-over-year).
- 2015: Revenue of $3.9M, expenses of $4.5M, and assets of $2.9M (revenue -8.5% year-over-year).
- 2014: Revenue of $4.3M, expenses of $4.7M, and assets of $3.5M (revenue +1.9% year-over-year).
- 2013: Revenue of $4.2M, expenses of $4.1M, and assets of $4.5M (revenue +17.4% year-over-year).
- 2012: Revenue of $3.6M, expenses of $3.5M, and assets of $4.2M (revenue +1.5% year-over-year).
- 2011: Revenue of $3.5M, expenses of $3.3M, and assets of $3.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for National Association Of Fleet Administrators Inc:
Data Sources and Methodology
This transparency report for National Association Of Fleet Administrators Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.