National Association of Surety Bond Producers Inc

What it reported doing in 2025

In march 2020, the association launched a podcast, let's get surety - let me hear your bonding talk featuring industry leaders and experts providing an insider look at the surety industry. Since its inception, there have been almost 65,000 downloads of more than 150 episodes. The association hosts a website which features a blog providing timely information on issues of importance to the surety industry. The association distributes various communications to its members, affiliates, and associates. Among the communications is our newsletter, pipeline, distributed electronically every other month, which features news and developments that affect the industry. Also, focal point is an electronic bulletin that focuses on federal and state legislative and regulatory affairs. This e-bulletin is produced once or twice a month during the legislative season. Nasbp smartbrief is a weekly, electronic newsletter that provides a brief synopsis of news sources' stories about the people, markets, and policies impacting the surety product and surety industry. To receive nasbp smartbrief, a recipient must sign-up. The nasbp surety bond quarterly magazine, published four times a year, offers insights and information for surety professionals as well as others who need to stay up to date on the industry's latest news and developments. The magazine is distributed for free digitally and in print to the nasbp membership as well as project owners, public officials, subcontractors, contracting officers, and others who are affected by developments in the surety industry. The highlights - year in review is an annual publication produced at the end of the year that summarizes the year's important accomplishments. Nasbp provides the year in review in hardcopy and on the website. An on-line membership directory lists members and is accessible by the public and by those seeking to form business relationships with surety professionals.

Financial Efficiency

• Mission deployment rate: Limited
• Program expense ratio: Limited
• Fundraising efficiency: Limited

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
• Pay-setting controls: 5 of 6 controls in place; rating input score 83
  • Compensation committee: Pass
  • Independent consultant: Missing
  • Other Form 990s reviewed: Pass
  • Written employment contract: Pass
  • Compensation survey or study: Pass
  • Board or committee approval: Pass
• Foreign activity oversight: Limited
• Grant itemization coverage: Limited
• Major donor itemization: Limited
• Related-party transparency: Limited

Accountability

• Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
• Governance controls: 9 of 9 controls in place; rating input score 100
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: Pass
  • Other executive compensation review process: Pass
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: 4.5%; rating input score 41; 41st percentile among comparable filings
• Total-asset coverage ratio: 2.24; rating input score 61; 61st percentile among comparable filings
• Liabilities to assets ratio: 0.2; rating input score 35; 35th percentile among comparable filings
• Officer compensation ratio: 36.9%; rating input score 4; 4th percentile among comparable filings

Growth

• Program expense growth: Limited
• Revenue growth: 3% per year; rating input score 100; 23rd percentile among comparable filings
• Asset growth: 4.6% per year; rating input score 100; 31st percentile among comparable filings