THE CLEARING HOUSE ASSOCIATION LLC (EIN 135272860) - Form 990 Financial Analysis & Trantor Score

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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

1998

Legal Domicile

Principal Officer

DAVID WATSON

Phone

2126130100

Tax Period

2024-01-01 to 2024-12-31

THE CLEARING HOUSE ASSOCIATION LLC, founded in 1998, is a community nonprofit that reported $5.2M in total revenue in fiscal year 2024. The organization ran a surplus of $1.4M, a strong 26% operating margin.

Mission

NONPARTISAN ADVOCACY ORGANIZATION REPRESENTING THE BANKING INDUSTRY (SEE SCHEDULE O)

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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 $5,227,775

Investment Income $3,874

Other Revenue $0

TOTAL REVENUE $5,231,649

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,018,370

Fundraising Expenses $0

Other Expenses $2,852,170

TOTAL EXPENSES $3,870,540

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,231,649	$5,276,220	0.0%
Expenses	$3,870,540	$3,463,407	+0.1%
Net Income	$1,361,109	$1,812,813	-0.2%

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

N/A

Volunteers

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

$3,276,085

Total Directors

Key Employees

$1,708,331

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CYNTHIA ADAMS SUPERVISOR DIR	GEN COUNSEL, THE TORONTO-DOMINION BANK	1.00	Director	$0	$0	$0
JAMES CHOSY SUPERVISORY DIR	EVP, GEN COUNSEL AND SEC, U.S. BANK NATIONAL ASSOC	1.00	Director	$0	$0	$0
MATT COOPER SUPERVISORY DIR	GEN COUNSEL, CAPITAL ONE, NATIONAL ASSOCIATION	1.00	Director	$0	$0	$0
TIMOTHY COX SUPERVISORY DIR	US GEN COUNSEL & CRO, BMO BANK NATIONAL ASSOCIATIO	1.00	Director	$0	$0	$0
STACEY FRIEDMAN SUPERVISORY DIR	GEN COUNSEL, JPMORGAN CHASE BANK, NATIONAL ASSOCIA	1.00	Director	$0	$0	$0
VON HAYS SUPERVISORY DIR	CLO/GEN COUNSEL, COMERICA BANK	1.00	Director	$0	$0	$0
MARCY HINGST SUPERVISORY DIR	GEN COUNSEL, THE HUNTINGTON NATIONAL BANK	1.00	Director	$0	$0	$0
POLLY KLANE SUPERVISORY DIR	GEN COUNSEL & CLO, CITIZENS BANK, NATIONAL ASSOCIA	1.00	Director	$0	$0	$0
CRYSTAL LALIME SUPERVISORY DIR	GEN COUNSELOF CORPORATE AND INVESTMENT BANK AND B	1.00	Director	$0	$0	$0
LAURA LONG SUPERVISORY DIR	EVP & CAO, PNC BANK, NATIONAL ASSOCIATION	1.00	Director	$0	$0	$0
J KEVEN MCCARTHY SUPERVISORY DIR	GEN COUNSEL, THE BANK OF NEW YORK MELLON	1.00	Director	$0	$0	$0
BRENT MCINTOSH SUPERVISORY DIR	GEN COUNSEL & CORPORATE SECRETARY, CITIBANK, N.A.	1.00	Director	$0	$0	$0
LAUREN MOGENSEN SUPERVISORY DIR	GLOBAL GEN COUNSEL, BANK OF AMERICA, NATIONAL ASSO	1.00	Director	$0	$0	$0
LAURA O'HARA SUPERVISORY DIR	GEN COUNSEL, MANUFACTURERS AND TRADERS TRUST COMPA	1.00	Director	$0	$0	$0
ELLEN PATTERSON SUPERVISORY DIR	CHAIR, SEVP & GEN COUNSEL, WELLS FARGO BANK, NATIO	1.00	Director	$0	$0	$0
KAREN PELZER SUPERVISORY DIR	GEN COUNSEL, DEUTSCHE BANK TRUST COMPANY AMERICAS	1.00	Director	$0	$0	$0
TARA ANN PLIMPTON SUPERVISORY DIR	SEVP, GEN COUNSEL & CORP SEC EXECUTIVE COUNCIL AND	1.00	Director	$0	$0	$0
SCOTT STENGEL SUPERVISORY DIR	CLO, HEAD OF GOV AFFAIRS & CORP SEC, TRUIST BANK	1.00	Director	$0	$0	$0
CURTIS TAO SUPERVISORY DIR	SEVP & GEN COUNSEL, HSBC BANK USA, NATIONAL ASSOCI	1.00	Director	$0	$0	$0
JAMES WATERS SUPERVISORY DIR	GEN COUNSEL & CORPORATE SEC, KEYBANK NATIONAL ASSO	1.00	Director	$0	$0	$0
BRIAN YOSHIDA SUPERVISORY DIR	CLO, BANCO SANTANDER, SA	1.00	Director	$0	$0	$0
SUSAN ZAUNBRECHER SUPERVISORY DIR	EVP-CLO & BOARD SEC, FIFTH THIRD BANK, NATIONAL AS	1.00	Director	$0	$0	$0
DAVID WATSON	CEO	2.00	Officer	$0	$135,791	$2,488,430
DARRELL WALSH	CFO	3.00	Officer	$0	$69,246	$787,655
STEPHANIE HELLER	EVP GENERAL COUNSEL	7.00	Key Emp	$0	$123,725	$1,287,709
RODNEY ABELE	VP DIRECTOR OF LEGISLATIVE & REGULATORY AFFAIRS	35.00	Key Emp	$0	$29,779	$420,622

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	$5,231,649	$3,870,540	$15,364,179	$1,361,109
2023	$5,276,220	$3,463,407	$12,207,545	$1,812,813
2022	$5,607,292	$3,954,626	$10,659,631	$1,652,666
2021	$75,297	$2,081,030	$10,776,823	$-2,005,733

THE CLEARING HOUSE ASSOCIATION LLC