Overview
What is National Automotive Finance Assoc?
The National Automotive Finance Assoc is a trade association headquartered in Tallahassee, Florida. Its primary mission is to serve as a platform for lenders and lessors actively engaged in providing secured financing and leasing for individuals considered high-risk credit clients and other interested entities. By representing the sub-prime automotive finance industry, the association aims to protect and enhance the consumer secured credit business through collaborative efforts. The organization, with a workforce of five individuals, functions as a hub for networking, knowledge sharing, and advocacy, aiming to improve the industry's practices and standards.
Official website here: www.nafassociation.com
Is National Automotive Finance Assoc legitimate?
National Automotive Finance Assoc is a legitimate nonprofit organization registered as a 501(c)(6) entity. National Automotive Finance Assoc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $161,306
Professional Fundraising Fees: $0
Other Salaries and Wages: $143,651
For more financial information, click here
Official website here: www.nafassociation.com
What is the mission statement of National Automotive Finance Assoc?
The National Automotive Finance Association serves as a trade association, representing sub-prime automotive finance industry lenders and lessors. Its mission is to actively engage in personal property secured lending and leasing, primarily for individuals considered high credit risks. Additionally, it aims to protect and improve the consumer secured credit business, catering to other interested entities as well. The organization's purpose is to foster a collaborative environment within the industry, aiming to enhance its operations and promote responsible lending practices.
Official website here: www.nafassociation.com
What is the revenue of National Automotive Finance Assoc?
National Automotive Finance Assoc's revenue in 2024 was $1,146,583.
Official website here: www.nafassociation.com
Who are the executives of National Automotive Finance Assoc and what are their salaries?
The average compensation at National Automotive Finance Assoc during 2024 was $101,652. There are 3 employees at National Automotive Finance Assoc.
Here are 28 key members and their salaries:
- Compensation: $161,306
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Official website here: www.nafassociation.com
Where can I find the form 990 for National Automotive Finance Assoc?
National Automotive Finance Assoc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.nafassociation.com
Learn more at the official website: www.nafassociation.com
Mission Statement of National Automotive Finance Assoc
The National Automotive Finance Association serves as a trade association, actively engaging in the sub-prime automotive finance industry. Its mission is centered around representing lenders and lessors who are instrumental in providing personal property secured lending and leasing services to individuals deemed to be relatively high credit risks, as well as to other entities and individuals with an interest in protecting and enhancing the consumer secured credit business. This organization's primary goal is to advance the interests of its members in the sub-prime automotive finance sector, thereby contributing to the overall health and growth of the industry.
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Impact
October, 2024
The National Automotive Finance Association (NAFA) plays a significant role in the sub-prime automotive finance industry by serving as a key trade association for lenders and lessors. Its influence extends to promoting best practices and fostering a collaborative environment among stakeholders who engage in personal property secured lending and leasing, particularly to individuals considered high credit risks.
By providing a platform for members to share insights and resources, NAFA enhances the understanding and management of consumer secured credit. The association actively works on improving standards within the industry, thereby protecting both lenders and consumers. Through its initiatives, NAFA aims to foster a more robust and sustainable credit infrastructure, contributing to community improvement and ensuring that individuals with varying credit backgrounds have access to automotive financing options.
Overall, NAFA's impact is characterized by its commitment to enhancing consumer trust, advocating for responsible lending practices, and facilitating opportunities for growth within the sub-prime automotive finance sector.
This information is meant to be a general summary of National Automotive Finance Assoc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2024.
- Investment Income: $1,306
- Program Service Revenue: $1,145,277
- Gross Receipts: $1,146,583
Assets and Liabilities:
- Total Assets: $168,933
- Total Liabilities: $156,113
- Net Assets: $12,820
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONFERENCE INCOME
Revenue
$604,724
MEMBERSHIP DUES
Revenue
$358,063
COMPLIANCE REVENUE
Revenue
$170,990
SURVEY REPORT RESPONSE
Revenue
$11,500
Organization Details
Founding Year
1997
Principal Officer
Jennifer Martin
Website
www.nafassociation.comNTEE Category
Code: S41 - Community improvement
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