Financial Accounting Foundation (EIN 237211935) - 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

1972

Legal Domicile

Phone

2038470700

Tax Period

2025-01-01 to 2025-12-31

Financial Accounting Foundation, founded in 1972, is a mid-sized nonprofit in the Public & Societal Benefit sector that reported $74.9M in total revenue in fiscal year 2025. Revenue decreased 13% compared to the prior year.

Mission

THE MISSION OF THE FINANCIAL ACCOUNTING FOUNDATION (FAF) IS TO ESTABLISH AND IMPROVE FINANCIAL ACCOUNTING AND REPORTING STANDARDS, TO PROVIDE USEFUL INFORMATION TO INVESTORS AND OTHER USERS OF FINANCIAL REPORTS AND TO EDUCATE STAKEHOLDERS ON HOW TO MOST EFFECTIVELY UNDERSTAND AND IMPLEMENT THOSE STANDARDS. THE FAF, ORGANIZED IN 1972, IS THE INDEPENDENT, PRIVATE-SECTOR ORGANIZATION RESPONSIBLE FOR THE OVERSIGHT, ADMINISTRATION, FINANCING AND APPOINTMENT OF THE FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) AND THE GOVERNMENTAL ACCOUNTING STANDARDS BOARD (GASB), WHICH WERE ESTABLISHED TO PERFORM DISTINCT FUNCTIONS IN THE PROCESS OF ESTABLISHING AND IMPROVING FINANCIAL ACCOUNTING AND REPORTING STANDARDS.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $4,182,468

Other Revenue $70,736,118

TOTAL REVENUE $74,918,586

Expense Breakdown

Grants Paid $14,000

Salaries & Benefits $52,942,875

Fundraising Expenses $0

Program Expenses $58,537,910

Other Expenses $22,036,653

TOTAL EXPENSES $74,993,528

Year-over-Year Comparison

	2025	2024	Change
Revenue	$74,918,586	$86,069,514	-0.1%
Expenses	$74,993,528	$73,139,080	+0.0%
Net Income	$-74,942	$12,930,434	-1.0%

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

181

Volunteers

175

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

$2,848,378

Total Directors

$1,612,500

Key Employees

$3,662,540

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Edward C Bernard	Chair	15.0	Officer Director	$210,000	$0	$210,000
Manju Ganeriwala	Trustee, Sec & Treasurer	4.0	Officer Director	$112,000	$0	$112,000
Timothy L Christen	Vice Chair	4.0	Officer Director	$112,000	$0	$112,000
Diane C Nordin	Trustee	3.0	Director	$90,000	$0	$90,000
Edward J Goldthorpe	Trustee	3.0	Director	$90,000	$0	$90,000
Elizabeth A Pearce	Trustee	3.0	Director	$90,000	$0	$90,000
Luis A Aguilar	Trustee (AS OF 01/25)	3.0	Director	$90,000	$0	$90,000
Lynette Kelly	Trustee	5.0	Director	$122,000	$0	$122,000
Marion M Gee	Trustee	3.0	Director	$90,000	$0	$90,000
Michael B Clement	Trustee	3.0	Director	$90,000	$0	$90,000
Paul A Quinsee	Trustee (AS OF 01/25)	3.0	Director	$90,000	$0	$90,000
Pratt Bhatt	Trustee (AS OF 01/25)	3.0	Director	$90,000	$0	$90,000
Richard N Reisig	Trustee	4.0	Director	$112,000	$0	$112,000
Robin L Washington	Trustee	3.0	Director	$22,500	$0	$22,500
Sarah E Smith	Trustee	4.0	Director	$112,000	$0	$112,000
W Bryan Lewis	Trustee	3.0	Director	$90,000	$0	$90,000
Erin Hill	Executive Director (AS OF 10/1/25)	40.0	Officer	$166,467	$24,670	$191,137
John W Auchincloss	Executive Director (THRU 09/30/25)	40.0	Officer	$796,972	$75,335	$872,307
Mary P Crotty	VP/Chief Operating Officer	40.0	Officer	$630,310	$77,487	$707,797
Steven A Hobbs	VP/General Counsel	40.0	Officer	$567,650	$75,487	$643,137
Hillary H Salo	Vice Chair FASB	40.0	Key Emp	$1,190,290	$67,409	$1,257,699
Joel Black	Chair, GASB	40.0	Key Emp	$847,042	$78,523	$925,565
Richard R Jones	Chair, FASB	40.0	Key Emp	$1,395,371	$83,905	$1,479,276
Christine Ann Botosan	FASB Member	40.0	Highest	$1,084,241	$86,004	$1,170,245
Frederick L Cannon	FASB Member	40.0	Highest	$1,093,410	$80,676	$1,174,086
Joyce T Joseph	FASB Member	40.0	Highest	$1,084,808	$72,686	$1,157,494
Marsha L Hunt	FASB Member	40.0	Highest	$1,085,797	$59,523	$1,145,320
Susan M Cosper	FASB Member	40.0	Highest	$1,069,720	$71,186	$1,140,906

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	$74,918,586	$74,993,528	$162,653,727	$-74,942
2024	No data	No data	No data	No data
2023	$80,802,018	$70,089,773	$145,667,550	$10,712,245
2022	$75,595,678	$63,894,591	$140,571,027	$11,701,087
2021	$61,650,481	$56,657,763	$105,965,089	$4,992,718
2020	$60,662,942	$55,942,306	$98,368,319	$4,720,636
2019	$58,337,524	$56,032,321	$91,667,009	$2,305,203
2018	$56,669,119	$52,059,519	$89,054,313	$4,609,600

Financial Accounting Foundation