SOCIETY FOR CORPORATE GOVERNANCE I… - Form 990 Financial Data

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1946

Legal Domicile

Principal Officer

PAUL F WASHINGTON

Phone

2126812000

Tax Period

2023-04-01 to 2024-03-31

SOCIETY FOR CORPORATE GOVERNANCE INC, founded in 1946, is a community nonprofit that reported $5.1M in total revenue in fiscal year 2023. Expenses of $4.8M left a modest 6% surplus.

Mission

THE SOCIETY FOR CORPORATE GOVERNANCE, INC.'S (THE "SOCIETY") MISSION IS TO PROMOTE AND ASSIST THE VOLUNTARY EXCHANGE OF INFORMATION AND EXPERIENCE AMONG ITS MEMBERS, RELATING TO THE DUTIES AND PRACTICES OF THE ROLE OF CORPORATE SECRETARY AND OTHER GOVERNANCE PROFESSIONALS.

Program Service Accomplishments

Program 1

EDUCATIONAL PROGRAMS (NATIONAL CONFERENCES, BUSINESS DEVELOPMENT, EVENT EXPENSES, WEBINARS AND ROUNDTABLES) - APPROXIMATELY 1,400 MEMBERS SERVED.

Program 2

ADVOCACY AND POLICY - APPROXIMATELY 2,100 MEMBERS SERVED.

Program 3

MEMBERSHIP - APPROXIMATELY 3,650 MEMBERS SERVED.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $502,440

Program Service Revenue $4,443,780

Investment Income $100,478

Other Revenue $55,867

TOTAL REVENUE $5,102,565

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,387,047

Fundraising Expenses $0

Other Expenses $2,384,260

TOTAL EXPENSES $4,771,307

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,102,565	$5,163,213	0.0%
Expenses	$4,771,307	$5,167,068	-0.1%
Net Income	$331,258	$-3,855	-86.9%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

212

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$907,293

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEIR GUMBS	CHAIR	4.00	Officer Director	$0	$0	$0
JEFFREY POCHOWICZ	IMMEDIATE PAST CHAIR	4.00	Officer Director	$0	$0	$0
DANE ALLEN THRU 62023	DIRECTOR	2.00	Director	$0	$0	$0
SHEENA BAILEY	DIRECTOR	2.00	Director	$0	$0	$0
CRAIG BEAZER	DIRECTOR	2.00	Director	$0	$0	$0
JARED BRANDMAN	DIRECTOR	2.00	Director	$0	$0	$0
MONIQUE CENAC	DIRECTOR	2.00	Director	$0	$0	$0
NING CHIU	DIRECTOR	2.00	Director	$0	$0	$0
YAFIT COHN	DIRECTOR	2.00	Director	$0	$0	$0
JEFF DEBRUIN	DIRECTOR	2.00	Director	$0	$0	$0
RICH FIELDS	DIRECTOR	2.00	Director	$0	$0	$0
WILLIAM HORTON	DIRECTOR	2.00	Director	$0	$0	$0
JAILEAH HUDDLESTON	DIRECTOR	2.00	Director	$0	$0	$0
CHRISTINA IBRAHIM	DIRECTOR	2.00	Director	$0	$0	$0
ELIZABETH ISING THRU 62023	DIRECTOR	2.00	Director	$0	$0	$0
SHANNON KINNEY THRU 62023	DIRECTOR	2.00	Director	$0	$0	$0
ADAM KOKAS THRU 62023	DIRECTOR	2.00	Director	$0	$0	$0
KRISTA JONES MCANINLEY	DIRECTOR	2.00	Director	$0	$0	$0
EILEEN MCCARTHY	DIRECTOR	2.00	Director	$0	$0	$0
JUNG-KYU MCCANN	DIRECTOR	2.00	Director	$0	$0	$0
BARRY MEDINTZ THRU 62023	DIRECTOR	2.00	Director	$0	$0	$0
HOPE MEHLMAN	DIRECTOR	2.00	Director	$0	$0	$0
DAVID SCILEPPI	DIRECTOR	2.00	Director	$0	$0	$0
SCOTT SIAMAS	DIRECTOR	2.00	Director	$0	$0	$0
JEFFREY TAYLOR	DIRECTOR	2.00	Director	$0	$0	$0
SCOTT THAYER	DIRECTOR	2.00	Director	$0	$0	$0
HOLLY YOUNGWOOD	DIRECTOR	2.00	Director	$0	$0	$0
CHRISTINA MAGUIRE	PRESIDENT & CEO (THRU 7/2023)	0.00	Officer	$292,522	$32,828	$325,350
ANDREW J FITZSIMONS	COO/INTERIM PRESIDENT & CEO	35.00	Officer	$340,766	$49,163	$389,929
OPHELIA M KING	VP, EVENTS	35.00	Officer	$156,009	$36,005	$192,014
SOPHIE HAGER HUME THRU 62023	COMPLIANCE OFFICER	2.00	Officer	$0	$0	$0
ADAM KOKAS 6302023 - 72023	COMPLIANCE OFFICER	2.00	Officer	$0	$0	$0
HOPE MEHLMAN THRU 72023	BOARD SECRETARY	2.00	Officer	$0	$0	$0
JAMES KILLERLANE AS OF 12024	COMPLIANCE OFFICER	2.00	Officer	$0	$0	$0
MARY FRANCIS	BOARD SECRETARY	2.00	Officer	$0	$0	$0
PAUL F WASHINGTON	PRESIDENT & CEO (AS OF 4/15/2024)	0.00	Officer	$0	$0	$0
RANDI V MORRISON	SVP AND GENERAL COUNSEL	35.00	Highest	$224,213	$27,001	$251,214
SHERYL JARVIS	DIRECTOR, BOARD AND COMMITTEES	35.00	Highest	$142,748	$45,419	$188,167
CHARLES E ALLEN	VP, POLICY & ADVOCACY	35.00	Highest	$177,677	$23,489	$201,166
HEATHER A SWEENEY	MEMBER CONTENT & MARKETING	35.00	Highest	$112,737	$29,199	$141,936
DARLA STUCKEY THRU 3312023	FORMER PRESIDENT & CEO	0.00		$203,543	$40,588	$244,131

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	No data	No data	No data	No data
2024	$5,102,565	$4,771,307	$6,297,847	$331,258
2023	$5,163,213	$5,167,068	$5,459,925	$-3,855
2022	$3,441,040	$3,386,423	$4,854,086	$54,617
2021	$3,177,971	$3,193,353	$4,814,542	$-15,382
2020	$4,940,022	$5,013,738	$4,584,645	$-73,716
2019	$5,519,306	$4,622,634	$5,385,879	$896,672
2018	$4,584,718	$4,414,967	$4,111,069	$169,751

SOCIETY FOR CORPORATE GOVERNANCE INC