FORUM OF FIRMS

EIN: 141858441 Public & Societal Benefit

NEW YORK, NY

Total Revenue
$18,584,589
Total Expenses
$18,655,430
Total Assets
$1,883,395
Net Assets
$1,509,454
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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
2002
Legal Domicile
NY
Principal Officer
BARRY NAIK
Phone
2122869344
Tax Period
2023-01-01 to 2023-12-31

FORUM OF FIRMS, founded in 2002, is a mid-sized nonprofit in the Public & Societal Benefit sector that reported $18.6M in total revenue in fiscal year 2023. Revenue surged 47% from the prior year, signaling strong growth momentum.

Mission

THE PUBLIC INTEREST OBJECTIVE OF THE FORUM IS TO PROMOTE CONSISTENT AND HIGH QUALITY STANDARDS OF FINANCIAL REPORTING AND AUDITING PRACTICES WORLD-WIDE. THE FORUM BRINGS TOGETHER FIRMS WHICH PERFORM TRANSNATIONAL AUDITS AND INVOLVES THEM CLOSELY WITH IFAC'S ACTIVITIES THEREBY SUPPORTING IFAC'S PUBLIC INTEREST PURPOSE.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $18,535,722
Program Service Revenue $0
Investment Income $48,123
Other Revenue $744
TOTAL REVENUE $18,584,589

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $18,655,430
TOTAL EXPENSES $18,655,430

Year-over-Year Comparison

2023 2022 Change
Revenue $18,584,589 $12,655,848 +0.5%
Expenses $18,655,430 $12,401,825 +0.5%
Net Income $-70,841 $254,023 -1.3%
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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Governance

Voting Members
21
Independent Members
21
Employees
N/A
Volunteers
34

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
4
$348,260
Total Directors
23
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SAM BURKE CHAIRMAN-TAC 1.00
Director
$0 $0 $0
MARION HANNON EXEC COMMITTEE 0.25
Director
$0 $0 $0
STEWART DUNNE EXEC COMMITTEE 0.25
Director
$0 $0 $0
PABLO SAN MARTIN EXEC COMMITTEE 0.25
Director
$0 $0 $0
BETTINA CASSEGRAIN EXEC COMMITTEE 0.25
Director
$0 $0 $0
ED FOX EXEC COMMITTEE 0.25
Director
$0 $0 $0
MATTHEW COOK EXEC COMMITTEE 0.25
Director
$0 $0 $0
SHERI ANDERSON EXEC COMMITTEE 0.25
Director
$0 $0 $0
WALLY GREGORY EXEC COMMITTEE 0.25
Director
$0 $0 $0
MATTHEW HALLETT EXEC COMMITTEE 0.25
Director
$0 $0 $0
PAUL GINMAN EXEC COMMITTEE 0.25
Director
$0 $0 $0
CHRISTINE ALBRECHT CHAIR - TAC 0.25
Officer Director
$0 $0 $0
DAVID CHITTY EXEC COMMITTEE 0.25
Director
$0 $0 $0
JEAN-LUC BARLET EXEC COMMITTEE 0.25
Director
$0 $0 $0
DAVID KANE EXEC COMMITTEE 0.25
Director
$0 $0 $0
GARY HENGELSBERG EXEC COMMITTEE 0.25
Director
$0 $0 $0
NICK JEFFREY EXEC COMMITTEE 0.25
Director
$0 $0 $0
KATHERINE SCHAMERHORN EXEC COMMITTEE 0.25
Director
$0 $0 $0
DAVID ISHERWOOD CHAIR 1.00
Officer Director
$0 $0 $0
BRIAN SMITH SECRETARY 1.00
Officer Director
$0 $0 $0
ANTONI GOMEZ EXEC COMMITTEE 0.25
Director
$0 $0 $0
LINA LEMESTO EXEC COMMITTEE 0.25
Director
$0 $0 $0
JILL STARRS EXEC COMMITTEE 0.25
Director
$0 $0 $0
BARRY NAIK DIRECTOR 5.00
Officer
$0 $62,396 $348,260
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 No data No data No data No data
2023 $18,584,589 $18,655,430 $1,883,395 $-70,841
2022 $12,655,848 $12,401,825 $1,911,867 $254,023
2021 $12,591,914 $12,247,113 $4,418,679 $344,801
2020 $12,565,133 $12,210,712 $1,186,055 $354,421
2019 $12,557,559 $12,607,293 $903,980 $-49,734
2018 $12,484,192 $12,435,024 $929,418 $49,168
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