National Roofing Foundation

Nonprofit profile at a glance

EIN
362934435
IRS 990 coverage
2010–2024
Forms available
Form 990 2024
Location
Itasca, IL, USA
Phone
8472999070
Rating
75
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Scholarships, Student Financial Aid Services, Awards

Official website

Reported finances

Revenue
$1,965,710
Expenses
$1,090,179
Assets
$16,083,106
Liabilities
$142,115

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

17 people listed

Executive titles in this filing

  • REED GOODING (PRESIDENT)
  • GREG HUDSON (VICE PRESIDENT)
  • ALISON LAVALLEY (EXECUTIVE DIRECTOR)
  • MCKAY DANIELS (CEO)

Highest reported compensation

  • MCKAY DANIELS (CEO): $516,560 total reported compensation
  • ALISON LAVALLEY (EXECUTIVE DIRECTOR): $244,112 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The objectives of nrf are to conduct educational and research projects which support the highest quality programs for roofing contractors, ensure timely and forward-thinking industry responses to major economic and technological issues, enhance the long-term viability and attractiveness of the roofing industry and administer a scholarship program.

What it reported doing in 2024

Scholarships and grants: the melvin kruger endowed scholarship program is open to employees of nrca contractor and supplier members, their spouses and their dependent children. There are 2 scholarship categories.the accredited post-secondary institution scholarship: this $5,000 scholarship category is for individuals planning to attend post secondary colleges and universities and are seeking careers in the roofing or building construction industries (which includes architecture; civil, mechanical or structural engineering; construction management or occupational health and safety majors).the accredited career technical education scholarship: students who are pursuing an education at a vocational or technical trade school are eligible to apply. This $1,000 scholarship is designed to help students who are seeking a professional career inside the roofing industry including but not limited to those seeking to be roofing and sheet metal installers/fabricators, crane and equipment operators, foremen and superintendents, warehouse and inventory specialists, and other roofing trade specialties. This scholarship is not designed for those careers that require a four-year undergraduate degree.

Operating model

Revenue model
Donor-supported. 60% of the money available for current operations came from contributions and gifts.
Distribution model
Hybrid. The nonprofit split its reported program spending across 75% for direct work, and 25% for grants.

The verdict

SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of total spending goes to programs and fundraising costs are high for each dollar raised.

Rating breakdown

  • Financial Efficiency: 58
  • Transparency & Controls: 83
  • Accountability: 90
  • Sustainability: 83
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 67%; rating input score 67
  • Program expense ratio: 55.2%; rating input score 55
  • Fundraising efficiency: $6.04 raised per $1 spent on fundraising; rating input score 22; 22nd percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 3 of 6 controls in place; rating input score 50
    • Compensation committee: Pass
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Pass
    • Compensation survey or study: Missing
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 76th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 6 of 8 controls in place; rating input score 75
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Pass
    • CEO compensation review process: Fail
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 44.5%; rating input score 91; 91st percentile among comparable filings
  • Total-asset coverage ratio: 14.75; rating input score 94; 94th percentile among comparable filings
  • Liabilities to assets ratio: 0.01; rating input score 70; 70th percentile among comparable filings
  • Officer compensation ratio: 10.9%; rating input score 34; 34th percentile among comparable filings

Growth

  • Program expense growth: 8% per year; rating input score 100; 56th percentile among comparable filings
  • Revenue growth: 6.9% per year; rating input score 100; 54th percentile among comparable filings
  • Asset growth: 4.1% per year; rating input score 100; 35th percentile among comparable filings

Details

  • Where the money goes: 67% of revenue deployed · 55.2% of spending went to programs
  • Governance: 16 of 16 board members independent · 6 of 8 filing controls reported
  • Programs: 4 filed program accomplishments · $602K in reported program spending
  • Leadership: top reported pay $517K · 17 people listed · 3 of 6 pay-setting controls reported
  • Consistency: 23 of 23 current checks pass
  • Schedules: 7 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 14 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Related organizations: 1 filed related-organization link
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Review — Financial Efficiency: Program expense ratio scored 55/100.
  • High — Financial Efficiency: Fundraising efficiency scored 22/100.
  • Review — Accountability: Governance controls: 2 of 8 not reported.
  • Moderate — Sustainability: Officer compensation ratio scored 34/100.