INT'L SWAPS & DERIVATIVES ASSOCIAT… - 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

1985

Legal Domicile

Principal Officer

SCOTT O'MALIA

Phone

2129016000

Tax Period

2024-01-01 to 2024-12-31

INT'L SWAPS & DERIVATIVES ASSOCIATION INC, founded in 1985, is a mid-sized nonprofit that reported $74.6M in total revenue in fiscal year 2024. Expenses of $71.8M left a modest 4% surplus.

Mission

MISSION STATEMENT ISDA FOSTERS SAFE AND EFFICIENT DERIVATIVES MARKETS TO FACILITATE EFFECTIVE RISK MANAGEMENT FOR ALL USERS OF DERIVATIVE PRODUCTS. STRATEGY STATEMENT ISDA ACHIEVES ITS MISSION BY REPRESENTING ALL MARKET PARTICIPANTS GLOBALLY, PROMOTING HIGH STANDARDS OF COMMERCIAL CONDUCT THAT ENHANCE MARKET INTEGRITY AND LEADING INDUSTRY ACTION ON DERIVATIVES ISSUES. THIS INCLUDES BEING: THE PREEMINENT VOICE OF THE GLOBAL DERIVATIVES MARKETPLACE -REPRESENTING THE INDUSTRY THROUGH PUBLIC POLICY ENGAGEMENT, EDUCATION AND COMMUNICATION ADVOCATE FOR EFFECTIVE RISK AND CAPITAL MANAGEMENT -ENHANCING COUNTERPARTY AND MARKET RISK PRACTICES AND ENSURING A PRUDENT AND CONSISTENT REGULATORY CAPITAL AND MARGIN FRAMEWORK THE SOURCE FOR GLOBAL INDUSTRY STANDARDS IN DOCUMENTATION -DEVELOPING STANDARDIZED DOCUMENTATION GLOBALLY TO PROMOTE LEGAL CERTAINTY AND MAXIMUM RISK REDUCTION A STRONG PROPONENT FOR A SAFE, EFFICIENT MARKET INFRASTRUCTURE FOR DERIVATIVES TRADING, CLEARING AND REPORTING -ADVANCING PRACTICES RELATED TO TRADING, CLEARING, REPORTING AND PROCESSING OF TRANSACTIONS IN ORDER TO ENHANCE THE SAFETY, LIQUIDITY AND TRANSPARENCY OF GLOBAL DERIVATIVES MARKETS

Program Service Accomplishments

Program 1

COMMITTEES - ESTABLISHED TO ENABLE MEMBERS TO ADDRESS SPECIFIC ISSUES RELATED TO DOCUMENTATION, ACCOUNTING, NETTING, COLLATERAL RISK MANAGEMENT, REGULATORY DEVELOPMENTS AND OTHER INDUSTRY TOPICS OF...

Program 2

CONFERENCES - CONDUCTED 56 EDUCATIONAL SEMINARS AROUND THE WORLD TO ADVANCE THE KNOWLEDGE AND UNDERSTANDING OF SWAPS AND DERIVATIVES MARKETS.

Program 3

ANNUAL GENERAL MEETING - ISDA'S ANNUAL GENERAL MEETING AND STRATEGIC PLANNING SESSION PROVIDE FORUMS FOR MEMBERS AND THE BOARD OF DIRECTORS TO EXCHANGE INFORMATION AND IDEAS ABOUT DEVELOPMENTS...

ANNUAL GENERAL MEETING - ISDA'S ANNUAL GENERAL MEETING AND STRATEGIC PLANNING SESSION PROVIDE FORUMS FOR MEMBERS AND THE BOARD OF DIRECTORS TO EXCHANGE INFORMATION AND IDEAS ABOUT DEVELOPMENTS AFFECTING SWAPS AND DERIVATIVES MARKETS AROUND THE WORLD. A FULLER DESCRIPTION OF ACCOMPLISHMENTS IS AVAILABLE ON THE WEBSITE @ WWW.ISDA.ORG

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $46,608,247

Investment Income $3,530,212

Other Revenue $24,510,376

TOTAL REVENUE $74,648,835

Expense Breakdown

Grants Paid $0

Salaries & Benefits $40,012,157

Fundraising Expenses $0

Other Expenses $31,819,701

TOTAL EXPENSES $71,831,858

Year-over-Year Comparison

	2024	2023	Change
Revenue	$74,648,835	$73,365,532	+0.0%
Expenses	$71,831,858	$68,020,359	+0.1%
Net Income	$2,816,977	$5,345,173	-0.5%

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

N/A

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

$3,261,411

Total Directors

$2,594,361

Key Employees

$3,358,063

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SCOTT O'MALIA	CHIEF EXECUTIVE OFFICER	40.0	Officer Director	$2,577,493	$16,868	$2,594,361
STEVE KENNEDY	GLOBAL HEAD OF PUBLIC POLICY	40.0	Key Emp	$823,102	$61,847	$884,949
KATHERINE DARRAS	GENERAL COUSEL	40.0	Key Emp	$848,640	$32,020	$880,660
MARK GHEERBRANT	GLOBAL HEAD OF RISK & CAPITAL	40.0	Key Emp	$867,907	$5,358	$873,265
TARA KRUSE	GLOBAL HEAD, INFRASTRUCTURE	40.0	Key Emp	$644,966	$74,223	$719,189
HUZEFA DEESAWALA	CHIEF FINANCIAL OFFICER	40.0	Officer	$587,100	$79,950	$667,050
MARK NEW	CO-HEAD-DIGTL TRANS&SR COUNSEL	40.0	Highest	$552,643	$75,682	$628,325
CHRISTOPHER YOUNG	HEAD OF U.S. PUBLIC POLICY	40.0	Highest	$553,061	$74,337	$627,398
NICK SAWYER	GLOBAL HEAD OF COMMUNICATIONS	40.0	Highest	$593,800	$15,144	$608,944
JING GU	HEAD OF LEGAL, ASIA PACIFIC	40.0	Highest	$578,282	$14,950	$593,232
ULRICH KARL	HEAD OF CLEARING SERVICES	40.0	Highest	$566,012	$17,077	$583,089
JAN MARK VAN MILL	DIRECTOR	1.0	Director	$0	$0	$0
CHARLOTTE BRETTE	DIRECTOR	1.0	Director	$0	$0	$0
MICHAEL STANLEY	DIRECTOR	1.0	Director	$0	$0	$0
TYLER WELLENSIEK	DIRECTOR	1.0	Director	$0	$0	$0
JACK HATTEM	DIRECTOR, SECRETARY	1.0	Officer Director	$0	$0	$0
JACQUES VIGNER	DIRECTOR	1.0	Director	$0	$0	$0
GESA JOHANNSEN	DIRECTOR	1.0	Director	$0	$0	$0
NIAMH STAUNTON	DIRECTOR	1.0	Director	$0	$0	$0
KIERAN HIGGINS	DIRECTOR	1.0	Director	$0	$0	$0
TINA HASENPUSCH	DIRECTOR (THRU 4/17/2024)	1.0	Director	$0	$0	$0
CHRISTINE CREMEL	DIRECTOR	1.0	Director	$0	$0	$0
WILLIAM BLACK	DIRECTOR (THRU 1/1/2024)	1.0	Director	$0	$0	$0
DARCY BRADBURY	DIRECTOR, TREASURER	1.0	Officer Director	$0	$0	$0
ANDREW NG	DIRECTOR	1.0	Director	$0	$0	$0
ESRA TURK	DIRECTOR	1.0	Director	$0	$0	$0
AXEL VAN NEDERVEEN	DIRECTOR, VICE CHAIRMAN	1.0	Officer Director	$0	$0	$0
AMY HONG	DIRECTOR	1.0	Director	$0	$0	$0
JEROEN KRENS	DIRECTOR	1.0	Director	$0	$0	$0
JOANNE ROWE	DIRECTOR	1.0	Director	$0	$0	$0
MARC BADRICHANI	DIRECTOR (THRU 4/17/2024)	1.0	Director	$0	$0	$0
DANIEL MAGUIRE	DIRECTOR (THRU 10/1/2024)	1.0	Director	$0	$0	$0
YOJI IMAFUKU	DIRECTOR	1.0	Director	$0	$0	$0
SEBASTIAN CRAPANZANO	DIRECTOR	1.0	Director	$0	$0	$0
SHIGERU NONOMURA	DIRECTOR	1.0	Director	$0	$0	$0
MARC SEIDNER	DIRECTOR	1.0	Director	$0	$0	$0
SIAN HURRELL	DIRECTOR	1.0	Director	$0	$0	$0
ERIC LITVACK	CHAIRMAN	1.0	Officer Director	$0	$0	$0
EMMANUEL RAMAMBASON	DIRECTOR	1.0	Director	$0	$0	$0
DUNCAN RODGERS	DIRECTOR	1.0	Director	$0	$0	$0
JARED NOERING	DIRECTOR (AS OF 4/18/2024)	1.0	Director	$0	$0	$0
ERIK MUELLER	DIRECTOR (AS OF 4/18/2024)	1.0	Director	$0	$0	$0
ISABELLE GIROLAMI	DIRECTOR (AS OF 10/2/2024)	1.0	Director	$0	$0	$0
BRAD TULLY	DIRECTOR (AS OF 4/18/2024)	1.0	Director	$0	$0	$0

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
2024	$74,648,835	$71,831,858	$154,364,298	$2,816,977
2023	$73,365,532	$68,020,359	$154,059,460	$5,345,173
2022	$66,998,440	$63,381,458	$150,325,357	$3,616,982
2021	$65,806,525	$62,091,738	$118,665,756	$3,714,787
2020	$60,766,721	$61,344,313	$113,128,270	$-577,592
2019	$68,386,401	$57,291,001	$111,171,893	$11,095,400
2018	$49,431,124	$55,906,955	$100,146,701	$-6,475,831

INT'L SWAPS & DERIVATIVES ASSOCIATION INC