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National Equipment Finance Association Inc

Organization summary

Type of Nonprofit

Designated as a Business leagues, chambers of commerce, real estate boards, etc, created for the improvement of business conditions.

Category: Mutual/Membership Benefit Organizations, Other / Professional Societies, Associations (NTEE)

Donations to this organization are not tax deductible.

Summary charts: organization finances over time

Revenue
$1.74M (2023)

Expenses
$1.58M (2023)

Total Assets
$2.31M (2023)

Total Liabilities
$377k (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,737,344
Expenses
$1,583,957
Net Income
$153,387
Net Assets
$1,935,837
Notable Sources of Revenue Percent of Total Revenue
Contributions $35,975
2.1%
Program Services $1,620,381
93.3%
Investment Income $65,988
3.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $15,000
0.9%
Notable Expenses Percent of Total Expenses
Executive Compensation $197,417
12.5%
Professional Fundraising Fees $0
Other Salaries and Wages $240,538
15.2%
Assets/Debt
Total Assets $2,312,743
Total Liabilities $376,906
Net Assets $1,935,837
Compensation
Key Employees and Officers Compensation Related Other
Chad Sluss (Ceo) $191,667 $0 $5,750
Robert Hornby (President) $0 $0 $0
Paul Fogle (Vice Preside) $0 $0 $0
Kim King (Treasurer) $0 $0 $0
Shervin Rashti (Secretary) $0 $0 $0
Adam Peterson (Past Preside) $0 $0 $0
Don Cosenza (Director) $0 $0 $0
Robert Rinaldi (Director) $0 $0 $0
Kayla Perlinger (Director) $0 $0 $0
Ron Elwood (Director) $0 $0 $0
Scott Forrest (Director) $0 $0 $0
Beth Mclean (Director) $0 $0 $0
Jaimie Haver (Director) $0 $0 $0
Drew Olynick (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,345,862
Expenses
$1,348,524
Net Income
-$2,662
Net Assets
$1,782,450
Notable Sources of Revenue Percent of Total Revenue
Contributions $24,025
1.8%
Program Services $1,274,365
94.7%
Investment Income $9,610
0.7%
Bond Proceeds $0
Royalties $4,500
0.3%
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $33,362
2.5%
Notable Expenses Percent of Total Expenses
Executive Compensation $161,600
12.0%
Professional Fundraising Fees $0
Other Salaries and Wages $158,027
11.7%
Assets/Debt
Total Assets $2,142,066
Total Liabilities $359,616
Net Assets $1,782,450
Compensation
Key Employees and Officers Compensation Related Other
Chad Sluss (Ceo) $160,000 $0 $1,600
Adam Peterson (President) $0 $0 $0
Robert Hornby (Vice Preside) $0 $0 $0
Jacklynn Manning (Treasurer) $0 $0 $0
Paul Fogle (Secretary) $0 $0 $0
Jim Jackson (Past Preside) $0 $0 $0
Shawn Smith (Director) $0 $0 $0
Don Cosenza (Director) $0 $0 $0
Kim King (Director) $0 $0 $0
Shervin Rashti (Director) $0 $0 $0
Robert Rinaldi (Director) $0 $0 $0
Kayla Perlinger (Director) $0 $0 $0
Ron Elwood (Director) $0 $0 $0
Scott Forrest (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$820,325
Expenses
$839,525
Net Income
-$19,200
Net Assets
$1,785,112
Notable Sources of Revenue Percent of Total Revenue
Contributions $105,291
12.8%
Program Services $673,916
82.2%
Investment Income $5,853
0.7%
Bond Proceeds $0
Royalties $4,420
0.5%
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $30,845
3.8%
Notable Expenses Percent of Total Expenses
Executive Compensation $177,760
21.2%
Professional Fundraising Fees $0
Other Salaries and Wages $152,594
18.2%
Assets/Debt
Total Assets $1,993,686
Total Liabilities $208,574
Net Assets $1,785,112
Compensation
Key Employees and Officers Compensation Related Other
Chad Sluss (Executive Di) $176,000 $0 $1,760
James Jackson (President) $0 $0 $0
Scott Wheeler (Vice Preside) $0 $0 $0
Adam Peterson (Treasurer) $0 $0 $0
Robert Hornby (Secretary) $0 $0 $0
Laura Carini (Past Preside) $0 $0 $0
Paul Fogle (Director) $0 $0 $0
Jacklynn Manning (Director) $0 $0 $0
Beth Mclean (Director) $0 $0 $0
Shawn Smith (Director) $0 $0 $0
Don Cosenza (Director) $0 $0 $0
Kim King (Director) $0 $0 $0
Shervin Rashti (Director) $0 $0 $0
Robert Rinaldi (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$381,544
Expenses
$464,811
Net Income
-$83,267
Net Assets
$1,804,312
Notable Sources of Revenue Percent of Total Revenue
Contributions $100
0.0%
Program Services $345,242
90.5%
Investment Income $11,258
3.0%
Bond Proceeds $0
Royalties $17,137
4.5%
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $7,807
2.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $53,333
11.5%
Professional Fundraising Fees $0
Other Salaries and Wages $103,747
22.3%
Assets/Debt
Total Assets $2,138,828
Total Liabilities $334,516
Net Assets $1,804,312
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Chad Sluss (Ed (Beginnin) $53,333 $0 $0
Laura Carini (President) $0 $0 $0
James Jackson (Vice Preside) $0 $0 $0
Scott Wheeler (Treasurer) $0 $0 $0
Adam Peterson (Secretary) $0 $0 $0
Daryn Lecy (Past Preside) $0 $0 $0
Anne Dalgaard (Director) $0 $0 $0
Paul Fogle (Director) $0 $0 $0
Robert Hornby (Director) $0 $0 $0
Christy Kusilek (Director) $0 $0 $0
Lori Littleford (Director) $0 $0 $0
Jacklynn Manning (Director) $0 $0 $0
Beth Mclean (Director) $0 $0 $0
Shawn Smith (Director) $0 $0 $0
Mike Toglia (Ed (Until 9/) $0 $0 $112,500

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$946,506
Expenses
$692,670
Net Income
$253,836
Net Assets
$1,887,579
Notable Sources of Revenue Percent of Total Revenue
Contributions $20,993
2.2%
Program Services $892,742
94.3%
Investment Income $17,439
1.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $15,332
1.6%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $83,584
12.1%
Assets/Debt
Total Assets $2,280,954
Total Liabilities $393,375
Net Assets $1,887,579
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Daryn Lecy (President) $0 $0 $0
Laura Carini (Vice Preside) $0 $0 $0
James Jackson (Treasurer) $0 $0 $0
Guy Selinka (Secretary) $0 $0 $0
Marc Keepman (Past Preside) $0 $0 $0
Anne Dalgaard (Director) $0 $0 $0
Robert Hornby (Director) $0 $0 $0
Jacklynn Manning (Director) $0 $0 $0
Beth Mclean (Director) $0 $0 $0
Adam Peterson (Director) $0 $0 $0
Scott Lipka (Director) $0 $0 $0
Lori Littleford (Director) $0 $0 $0
Scott Wheeler (Director) $0 $0 $0
Mike Toglia (Executive Di) $0 $0 $165,000

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$862,614
Expenses
$662,835
Net Income
$199,779
Net Assets
$1,633,743
Notable Sources of Revenue Percent of Total Revenue
Contributions $21,666
2.5%
Program Services $818,659
94.9%
Investment Income $10,281
1.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $12,008
1.4%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $49,974
7.5%
Assets/Debt
Total Assets $1,954,135
Total Liabilities $320,392
Net Assets $1,633,743
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Mike Coon (President) $0 $0 $0
Marc Keepman (Vice Preside) $0 $0 $0
Dennis Dressler (Treasurer) $0 $0 $0
Daryn Lecy (Secretary) $0 $0 $0
Stephanie Hall (Past Preside) $0 $0 $0
Adam Peterson (Director) $0 $0 $0
Eric Alley (Director) $0 $0 $0
Guy Selinka (Director) $0 $0 $0
James Jackson (Director) $0 $0 $0
Joe Leonard (Director) $0 $0 $0
Kristian Dolan (Director) $0 $0 $0
Laura Carini (Director) $0 $0 $0
Scott Lipka (Director) $0 $0 $0
Gerald Egan (Ed (Until 10) $0 $0 $152,651
Mike Toglia (Ed (10/18)) $0 $0 $43,333

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$791,755
Expenses
$551,684
Net Income
$240,071
Net Assets
$1,433,964
Notable Sources of Revenue Percent of Total Revenue
Contributions $19,315
2.4%
Program Services $758,532
95.8%
Investment Income $8,621
1.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $5,287
0.7%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $49,274
8.9%
Assets/Debt
Total Assets $1,610,479
Total Liabilities $176,515
Net Assets $1,433,964
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Mike Coon (President) $0 $0 $0
Marc Keepman (Vice Preside) $0 $0 $0
Dennis Dressler (Treasurer) $0 $0 $0
Daryn Lecy (Secretary) $0 $0 $0
Stephanie Hall (Past Preside) $0 $0 $0
Adam Peterson (Director) $0 $0 $0
Eric Alley (Director) $0 $0 $0
Guy Selinka (Director) $0 $0 $0
James Jackson (Director) $0 $0 $0
Joe Leonard (Director) $0 $0 $0
Kristian Dolan (Director) $0 $0 $0
Laura Carini (Director) $0 $0 $0
Scott Lipka (Director) $0 $0 $0
Gerald Egan (Executive Di) $0 $0 $156,060

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$747,957
Expenses
$535,362
Net Income
$212,595
Net Assets
$1,193,893
Notable Sources of Revenue Percent of Total Revenue
Contributions $33,898
4.5%
Program Services $698,520
93.4%
Investment Income $8,009
1.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising -$3,448
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $10,978
1.5%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $49,255
9.2%
Assets/Debt
Total Assets $1,390,081
Total Liabilities $196,188
Net Assets $1,193,893
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Stephanie Hall (President) $0 $0 $0
Mike Coon (Vice Preside) $0 $0 $0
Marc Keepman (Treasurer) $0 $0 $0
Dennis Dressler (Secretary) $0 $0 $0
Gary Souverein (Past Preside) $0 $0 $0
Daryn Lecy (Director) $0 $0 $0
Eric Alley (Director) $0 $0 $0
Gabe Jarnot (Director) $0 $0 $0
Joe Leonard (Director) $0 $0 $0
Kristian Dolan (Director) $0 $0 $0
Laura Carini (Director) $0 $0 $0
Nick Ross (Director) $0 $0 $0
Gerald Egan (Executive Di) $0 $0 $173,000

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$714,418
Expenses
$454,997
Net Income
$259,421
Net Assets
$981,298
Notable Sources of Revenue Percent of Total Revenue
Contributions $21,316
3.0%
Program Services $684,291
95.8%
Investment Income $6,136
0.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising -$1,960
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $4,635
0.6%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $46,119
10.1%
Assets/Debt
Total Assets $1,182,778
Total Liabilities $201,480
Net Assets $981,298
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Gary Souverein (President) $0 $0 $0
Stephanie Hall (Vice Preside) $0 $0 $0
Gregory Nappi (Treasurer) $0 $0 $0
Mike Coon (Secretary) $0 $0 $0
Tara Aasand (Past Preside) $0 $0 $0
Dennis Dressler (Director) $0 $0 $0
Doug Houlahan (Director) $0 $0 $0
Marc Keepman (Director) $0 $0 $0
Daryn Lecy (Director) $0 $0 $0
Gabe Jarnot (Director) $0 $0 $0
Bryan Inman (Director) $0 $0 $0
Kip Amstutz (Director) $0 $0 $0
Nicholas Ross (Director) $0 $0 $0
Anna Mary Geist Thru Oct 2015 (Director) $0 $0 $0
Kyle Gilliam Thru Oct 2015 (Past Preside) $0 $0 $0
Gerald Egan (Executive Di) $0 $0 $135,000

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$595,768
Expenses
$397,291
Net Income
$198,477
Net Assets
$721,877
Notable Sources of Revenue Percent of Total Revenue
Contributions $21,048
3.5%
Program Services $564,978
94.8%
Investment Income $4,760
0.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $4,982
0.8%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $43,941
11.1%
Assets/Debt
Total Assets $897,676
Total Liabilities $175,799
Net Assets $721,877
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Kyle Gilliam (Past Preside) $0 $0 $0
Tara Aasand (President) $0 $0 $0
Gregory Nappi (Treasurer) $0 $0 $0
Gary Souverein (Vice Preside) $0 $0 $0
Mike Coon (Director) $0 $0 $0
Dennis Dressler (Director) $0 $0 $0
Anna Mary Geist (Director) $0 $0 $0
Stephanie Hall (Secretary) $0 $0 $0
Doug Houlahan (Director) $0 $0 $0
Marc Keepman (Director) $0 $0 $0
Nicholas Ross (Director) $0 $0 $0
Daryn Lecy (Director) $0 $0 $0
Gabe Jarnot (Director) $0 $0 $0
Bryan Inman (Director) $0 $0 $0
Kip Amstutz (Director) $0 $0 $0
Gerald Egan (Executive Di) $0 $0 $141,750

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$554,883
Expenses
$375,785
Net Income
$179,098
Net Assets
$523,400
Notable Sources of Revenue Percent of Total Revenue
Contributions $11,592
2.1%
Program Services $534,175
96.3%
Investment Income $3,208
0.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $5,908
1.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $43,492
11.6%
Assets/Debt
Total Assets $637,081
Total Liabilities $113,681
Net Assets $523,400
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Kyle Gilliam (President) $0 $0 $0
Tara Aasand (Vice Preside) $0 $0 $0
David Normandin (Treasurer) $0 $0 $0
Gary Souverein (Secretary) $0 $0 $0
John Rosenlund (Past Preside) $0 $0 $0
Mike Coon (Director) $0 $0 $0
Dennis Dressler (Director) $0 $0 $0
Anna Mary Geist (Director) $0 $0 $0
Stephanie Hall (Director) $0 $0 $0
Doug Houlahan (Director) $0 $0 $0
Marc Keepman (Director) $0 $0 $0
Jim Merrilees (Director) $0 $0 $0
Gregory Nappi (Director) $0 $0 $0
Bruce Smith (Director) $0 $0 $0
Diane Williams (Director) $0 $0 $0
Gerry Egan (Executive Di) $0 $0 $0
Scott Woodring (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$470,258
Expenses
$355,299
Net Income
$114,959
Net Assets
$344,302
Notable Sources of Revenue Percent of Total Revenue
Contributions $4,100
0.9%
Program Services $461,571
98.2%
Investment Income $847
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $3,740
0.8%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $42,636
12.0%
Assets/Debt
Total Assets $474,133
Total Liabilities $129,831
Net Assets $344,302

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$433,139
Expenses
$354,882
Net Income
$78,257
Net Assets
$229,343
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $427,115
98.6%
Investment Income $2,029
0.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $3,995
0.9%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $42,000
11.8%
Assets/Debt
Total Assets $341,430
Total Liabilities $112,087
Net Assets $229,343

Document Links

Fiscal Year Ending Dec.
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

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Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

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  • Raw filing data. Includes EINs and summary financials as structured data.
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  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
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  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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