Nonprofit · EIN 26-3741546
NATIONAL EQUIPMENT FINANCE ASSOCIATION INC
Tax-exempt · ADA, MI 49301
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $1,576,888 | $1,675,264 | -$98,376 | $1,910,573 | $459,419 | $1,451,154 |
| December 31, 2024 | 990 | $1,620,239 | $1,879,188 | -$258,949 | $1,702,470 | $154,578 | $1,547,892 |
| December 31, 2023 | 990 | $1,737,344 | $1,583,957 | $153,387 | $2,312,743 | $376,906 | $1,935,837 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $1,512,811
- Investment income
- $54,042
- Other revenue
- $10,035
Expenses
- Grants and similar amounts paid
- $199
- Compensation of officers, directors and key employees
- $222,227
- Other salaries and wages
- $401,960
- Salaries, compensation and benefits (total)
- $683,559
- Professional fundraising fees
- $0
- Travel
- $48,385
- Depreciation
- $13,550
- Program services (functional)
- $1,583,584
- Management and general (functional)
- $91,680
Balance sheet and other
- Total assets, start of year
- $1,702,470
- Total assets, end of year
- $1,910,573
- Total liabilities, end of year
- $459,419
- Net assets, end of year
- $1,451,154
- Land, buildings and equipment
- $18,927
- Net assets without donor restrictions
- $1,451,154
- Gross unrelated business income
- $60,308
- Gross receipts
- $1,576,888
- Employees
- 7
- Volunteers
- 121
- Year formed
- 2008
- State of legal domicile
- GA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| CHAD SLUSS | CEO Officer | 40 | $215,720 | $6,507 |
| ALICIA BOS | DIRECTOR OF Highest-paid employee | 40 | $108,867 | $9,411 |
| KIM KING CLFP | PRESIDENT Trustee or director, Officer | 0.5 | $0 | $0 |
| SHERVIN RASHTI CLFP | VICE PRESIDE Trustee or director, Officer | 0.5 | $0 | $0 |
| RON ELWOOD CLFP | TREASURER Trustee or director, Officer | 0.5 | $0 | $0 |
| JAIMIE HAVER CLFP | SECRETARY Trustee or director, Officer | 0.5 | $0 | $0 |
| PAUL FOGLE CLFP | PAST PRESIDE Trustee or director, Officer | 0.5 | $0 | $0 |
| JEFF BILBREY | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| MELISSA FISHER CLFP | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| DAVE GRUBER | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| DREW OLYNICK CLFP | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| KRISTI SCHON | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| KIT WEST | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| TAMARA MCCOURT | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| AMY WAGNER | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
990 for the year ended December 31, 2024: 14 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| CHAD SLUSS | CEO Officer | 40 | $213,600 | $6,408 |
| PAUL FOGLE CLFP | PRESIDENT Trustee or director, Officer | 2 | $0 | $0 |
| KIM KING CLFP | VICE PRESIDE Trustee or director, Officer | 2 | $0 | $0 |
| SHERVIN RASHTI CLFP | TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| RON ELWOOD CLFP | SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| ROBERT HORNBY | PAST PRESIDE Trustee or director, Officer | 2 | $0 | $0 |
| JEFF BILBREY | DIRECTOR Trustee or director | 2 | $0 | $0 |
| MELISSA FISHER CLFP | DIRECTOR Trustee or director | 2 | $0 | $0 |
| DAVE GRUBER | DIRECTOR Trustee or director | 2 | $0 | $0 |
| JAIMIE HAVER CLFP | DIRECTOR Trustee or director | 2 | $0 | $0 |
| BETH MCLEAN CLFP | DIRECTOR Trustee or director | 2 | $0 | $0 |
| DREW OLYNICK CLFP | DIRECTOR Trustee or director | 2 | $0 | $0 |
| KRISTI SCHON | DIRECTOR Trustee or director | 2 | $0 | $0 |
| AMY WAGNER CLFP | DIRECTOR Trustee or director | 2 | $0 | $0 |
990 for the year ended December 31, 2023: 14 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| CHAD SLUSS | CEO Officer | 40 | $191,667 | $5,750 |
| ROBERT HORNBY | PRESIDENT Trustee or director, Officer | 2 | $0 | $0 |
| PAUL FOGLE | VICE PRESIDE Trustee or director, Officer | 2 | $0 | $0 |
| KIM KING | TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| SHERVIN RASHTI | SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| ADAM PETERSON | PAST PRESIDE Trustee or director, Officer | 2 | $0 | $0 |
| DON COSENZA | DIRECTOR Trustee or director | 2 | $0 | $0 |
| ROBERT RINALDI | DIRECTOR Trustee or director | 2 | $0 | $0 |
| KAYLA PERLINGER | DIRECTOR Trustee or director | 2 | $0 | $0 |
| RON ELWOOD | DIRECTOR Trustee or director | 2 | $0 | $0 |
| SCOTT FORREST | DIRECTOR Trustee or director | 2 | $0 | $0 |
| BETH MCLEAN | DIRECTOR Trustee or director | 2 | $0 | $0 |
| JAIMIE HAVER | DIRECTOR Trustee or director | 2 | $0 | $0 |
| DREW OLYNICK | DIRECTOR Trustee or director | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 7125 HEADLEY ST SE, ADA, MI 49301-4536
- In care of
- % MEETING EXPECTATIONS
- Principal officer (990 for 2025)
- CHAD SLUSS, 7125 HEADLEY ST SE 8, ADA, MI 49301
- Signed the 990
- CHAD SLUSS, CEO
- Phone
- (847) 380-5050
- Website
- WWW.NEFASSOCIATION.ORG
- Return prepared by
- DREHER MARTIN CPAS PA
Mission
TO PROVIDE A FORUM FOR MEMBERS TO PURSUE PERSONAL AND PROFESSIONAL GROWTH, ETHICS, ADVOCACY, NETWORKING, EDUCATION AND INVOLVEMENT.
Program accomplishments
- FALL CONFERENCE - THE NEFA FALL CONFERENCE WAS HELD IN MINNEAPOLIS, MINNESOTA IN OCTOBER 2025. THE EVENT HOSTED APPROXIMATELY OVER 400 LEASING PROFESSIONALS. ATTENDEES HAD THE OPPORTUNITY TO LEARN PRACTICAL TOOLS THAT COULD BE APPLIED TO THEIR COMPANIES.Expenses $389,338 · revenue $467,704
- SPRING CONFERENCE - THE NEFA SPRING CONFERENCE WAS HELD IN CARLSBAD, CALIFORNIA IN MARCH 2025. THE EVENT ATTRACTED OVER 325 ATTENDEES FROM THE EQUIPMENT FINANCE AND LEASING INDUSTRY. THE CONFERENCE ATTENDEES HAD THE OPPORTUNITY TO LEARN FROM INDUSTRY LEADERS, KEYNOTE SPEAKERS AND EACH OTHER DURING THE CONFERENCE.Expenses $439,052 · revenue $509,933
- REGIONAL EVENTS - NEFA HELD 6 REGIONAL EVENTS IN 2025. THESE EVENTS ARE SMALL SCALE NETWORKING AND EDUCATIONAL EVENTS IN LOCATIONS THROUGHOUT THE UNITED STATES. THESE FORUMS OFFER OPPORTUNITIES FOR INDIVIDUALS WITHIN THE INDUSTRY TO CONNECT WITH THEIR PEERS.Expenses $92,578 · revenue $35,837
- MEMBERSHIP-MEMBERSHIP IN NEFA IS OPEN TO FIRMS ENGAGED IN FINANCING, LEASING OR COMMERCIAL FINANCE, OR FIRMS THAT HAVE AN ACTIVE INTEREST IN THE EQUIPMENT FINANCING AND LEASING FIELD AND WHO SUBSCRIBE TO THE PURPOSES OF THE ASSOCIATION. NEFA EMPOWERS ITS MEMBERS WITH DEVELOPMENTAL PROGRAMS, NETWORKING OPPORTUNITIES, AND LARGE AND SMALL GATHERINGS OF ASSOCIATION PROFESSIONALS AND INDUSTRY LEADERS FROM THROUGHOUT THE COUNTRY. NEFA ENHANCES THE MANY BENEFITS OF MEMBERSHIP THROUGH PUBLICATIONS, PROFESSIONAL COMMUNITIES AND LEADERSHIP OPPORTUNITIES. NEWSLINE - THE NEFA PUBLICATION IS DISTRIBUTED BI-MONTHLY AND FOCUSES ON INDUSTRY RELATED NEWS AND EDUCATION. VIRTUAL NETWORKING - NEFA HELD 11 VIRTUAL NETWORKING EVENTS IN 2025. THESE EVENTS WERE HELD VIRTUALLY AND WERE FORUMS FOR REGIONAL NETWORKING AND EDUCATION ON A LOCAL LEVEL.Expenses $662,616 · grants $199 · revenue $485,337
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 26-3741546
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 2010
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Mutual and membership benefit (Y03)
- Assets (IRS master file)
- $1,910,573
- Income (IRS master file)
- $1,576,888
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $1,576,888 | $1,675,264 | $1,910,573 | XML |
| 990 | December 2024 | $1,620,239 | $1,879,188 | $1,702,470 | IRS |
| 990 | December 2023 | $1,737,344 | $1,583,957 | $2,312,743 | XML |
| 990 | December 2022 | $1,345,862 | $1,348,524 | $2,142,066 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 26-3741546).
Questions about NATIONAL EQUIPMENT FINANCE ASSOCIATION INC
- What is the EIN of NATIONAL EQUIPMENT FINANCE ASSOCIATION INC?
- The employer identification number (EIN) of NATIONAL EQUIPMENT FINANCE ASSOCIATION INC is 26-3741546.
- Is NATIONAL EQUIPMENT FINANCE ASSOCIATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 2010.
- Are donations to NATIONAL EQUIPMENT FINANCE ASSOCIATION INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does NATIONAL EQUIPMENT FINANCE ASSOCIATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of NATIONAL EQUIPMENT FINANCE ASSOCIATION INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did NATIONAL EQUIPMENT FINANCE ASSOCIATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of NATIONAL EQUIPMENT FINANCE ASSOCIATION INC?
- The 990 for the year ended December 31, 2025 names CHAD SLUSS.
- Who are the officers and directors of NATIONAL EQUIPMENT FINANCE ASSOCIATION INC?
- The 990 for the year ended December 31, 2025 lists 15 people; 2 received compensation from the organization, the highest $215,720 (CHAD SLUSS, CEO).
- How much revenue does NATIONAL EQUIPMENT FINANCE ASSOCIATION INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $1,576,888, expenses of $1,675,264 and total assets of $1,910,573 at year end.
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