Overview
What is National Association Of Credit Management Inc?
The National Association of Credit Management Inc, based in Columbia, Maryland, is a nonprofit organization dedicated to the continuous education, information, and services of its members. Their primary focus is on promoting excellence in business credit and financial management. They achieve this through various activities, such as hosting conferences and expositions, including the annual Credit Congress and Exposition Convention, which gathers the nation's largest gathering of business credit professionals. Additionally, they organize specialized workshops, roundtable events, online training courses, and audio teleconferences/webinars to educate members on various aspects of commercial credit. Their mission extends to improving the management of business credit and business accounts receivable, helping businesses navigate economic factors, laws, and regulations related to credit, negotiations, and financial analysis. The organization has a workforce of 48 individuals.
Official website here: www.nacm.org
Is National Association Of Credit Management Inc legitimate?
National Association Of Credit Management Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. National Association Of Credit Management Inc 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: $250,799
Professional Fundraising Fees: $0
Other Salaries and Wages: $954,783
For more financial information, click here
Official website here: www.nacm.org
What is the mission statement of National Association Of Credit Management Inc?
The National Association of Credit Management Inc's mission is centered around promoting education, information, and services that enhance the capabilities of its members in business credit and financial management. Its primary objective is to improve the management of business credit and business accounts receivable. To achieve this, the association organizes various events such as the Annual Credit Congress and Exposition Convention, which is the nation's largest gathering of business credit professionals. Additionally, they conduct seminars, workshops, online training courses, and webinars to educate members on various aspects of commercial credit, including economic factors, negotiations, best practices, and financial analysis.
Official website here: www.nacm.org
What is the revenue of National Association Of Credit Management Inc?
National Association Of Credit Management Inc's revenue in 2023 was $3,204,012.
Official website here: www.nacm.org
Who are the executives of National Association Of Credit Management Inc and what are their salaries?
The average compensation at National Association Of Credit Management Inc during 2023 was $26,791. There are 45 employees and 17 volunteers at National Association Of Credit Management Inc.
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Official website here: www.nacm.org
Where can I find the form 990 for National Association Of Credit Management Inc?
National Association Of Credit Management Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.nacm.org
Learn more at the official website: www.nacm.org
Mission Statement of National Association Of Credit Management Inc
The National Association of Credit Management Inc (NACM) is committed to furthering the education, information, and services that support its members, while setting high standards in business credit and financial management. At its core, NACM's mission is to enhance the management of business credit and business accounts receivable. The organization achieves this through various means, including conferences and meetings. Among these, the Annual Credit Congress and Exposition Convention stands out as the largest gathering of business credit professionals in the nation. NACM also organizes seminars, specialized workshops, roundtable events, online training courses, audio teleconferences/webinars, and European summits to educate members on various aspects of commercial credit, such as economic factors, laws and regulations, negotiations, best practices, and financial analysis and interpretation. By offering these resources, NACM aims to provide its members with the tools and knowledge necessary to excel in their respective fields, ultimately improving the overall management of business credit and accounts receivable.
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Impact
October, 2024
The National Association of Credit Management (NACM) significantly influences the landscape of business credit and financial management through its comprehensive educational programs and resources. By providing a platform for continuing education, NACM empowers its members with the knowledge and skills necessary to navigate the complexities of commercial credit management effectively.
The association hosts key gatherings, such as the Annual Credit Congress and Exposition, which is the largest event of its kind in the nation. These conferences foster networking, sharing of best practices, and collaboration among business credit professionals. Additionally, through specialized workshops, webinars, and online training, NACM ensures that its members stay informed on critical topics including economic trends, regulations, and financial analysis.
NACM's initiatives play a vital role in setting standards of excellence within the industry, promoting improved practices in managing business credit and accounts receivable. By focusing on education and information dissemination, NACM not only supports individual members in their professional growth but also enhances the overall effectiveness and integrity of the business credit community.
This information is meant to be a general summary of National Association Of Credit Management Inc. 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 2023.
- Investment Income: $85,056
- Program Service Revenue: $2,623,024
- Gross Receipts: $4,346,373
Assets and Liabilities:
- Total Assets: $9,938,630
- Total Liabilities: $1,535,602
- Net Assets: $8,403,028
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONFERENCES AND MEETING
Revenue
$1,399,086
MEMBERSHIP DUES
Revenue
$680,535
COURSES AND PROGRAMS
Revenue
$450,099
EDUCATION
Revenue
$93,304
Organization Details
Founding Year
1896
Principal Officer
Robin Schauseil
Website
www.nacm.orgNTEE Category
Code: S41 - Community improvement
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