Bank Policy Institute

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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

1994

Legal Domicile

Principal Officer

Greg Baer

Phone

2022894322

Tax Period

2024-01-01 to 2024-12-31

Bank Policy Institute, founded in 1994, is a mid-sized nonprofit that reported $35.3M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $34.1M left a modest 3% surplus.

Mission

Promotes the business of banking and encourages the development of sound banking policy.

Program Service Accomplishments

Program 1

Identifies impacts of pending legislation and regulation affecting the financial services industry and develops and advocates solutions to major policy concerns.

Program 2

BITS addresses issues at the intersection of financial services, technology and public policy, where industry cooperation serves the public good, such as critical infrastructure protection, fraud...

BITS addresses issues at the intersection of financial services, technology and public policy, where industry cooperation serves the public good, such as critical infrastructure protection, fraud prevention, cyber defense and the safety of financial services.

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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 $33,538,076

Investment Income $1,274,419

Other Revenue $500,444

TOTAL REVENUE $35,312,939

Expense Breakdown

Grants Paid $225,000

Salaries & Benefits $24,398,087

Fundraising Expenses $0

Other Expenses $9,493,735

TOTAL EXPENSES $34,116,822

Year-over-Year Comparison

	2024	2023	Change
Revenue	$35,312,939	$32,389,289	+0.1%
Expenses	$34,116,822	$31,663,890	+0.1%
Net Income	$1,196,117	$725,399	+0.6%

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

$3,182,912

Total Directors

Key Employees

$5,412,590

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jamie Dimon	Chairman	1.00	Officer Director	$0	$0	$0
Brian Moynihan	Director	1.00	Director	$0	$0	$0
Jane Fraser	Director	1.00	Director	$0	$0	$0
Charlie Scharf	Director	1.00	Director	$0	$0	$0
Andy Cecere	Director (Ended June 2024)	1.00	Director	$0	$0	$0
Bharat Masrani	Director	1.00	Director	$0	$0	$0
Bill Demchak	Director	1.00	Director	$0	$0	$0
David McKay	Director	1.00	Director	$0	$0	$0
Ron O'Hanley	Director	1.00	Director	$0	$0	$0
Darryl White	Director (Ended June 2024)	1.00	Director	$0	$0	$0
Colm Kelleher	Director	1.00	Director	$0	$0	$0
Chris Gorman	Director (Ended June 2024)	1.00	Director	$0	$0	$0
Robin Vince	Director (Ended June 2024)	1.00	Director	$0	$0	$0
Bill Rogers	Director (Ended June 2024)	1.00	Director	$0	$0	$0
Bruce Van Saun	Director (Ended June 2024)	1.00	Director	$0	$0	$0
Steve Steinour	Director (Ended June 2024)	1.00	Director	$0	$0	$0
Rene Jones	Director	1.00	Director	$0	$0	$0
David Solomon	Director (Starting July 2024)	1.00	Director	$0	$0	$0
CS Venkatakrishnan	Director (Starting July 2024)	1.00	Director	$0	$0	$0
Richard Fairbank	Director (Starting July 2024)	1.00	Director	$0	$0	$0
Rick Wurster	Director (Starting July 2024)	1.00	Director	$0	$0	$0
Tim Spence	Director (Starting July 2024)	1.00	Director	$0	$0	$0
Kanetsugu Mike	Director (Starting July 2024)	1.00	Director	$0	$0	$0
John Turner	Director (Starting July 2024)	1.00	Director	$0	$0	$0
Greg Baer	President & CEO	40.00	Officer	$3,119,362	$63,550	$3,182,912
Kate Childress	EVP, Public Affairs	40.00	Key Emp	$1,166,987	$31,479	$1,198,466
John Court	EVP General Counsel and COO	40.00	Key Emp	$1,114,464	$65,228	$1,179,692
Bill Nelson	EVP & Chief Economist	40.00	Key Emp	$1,035,062	$36,847	$1,071,909
Francisco Covas	EVP & President, BITS	40.00	Key Emp	$1,002,599	$65,150	$1,067,749
Chris Feeney	EVP, Head of Research	40.00	Key Emp	$833,256	$61,518	$894,774
Paige Pidano	SVP, ST Assoc GC & C0-head of Reg Affairs	40.00	Highest	$586,272	$61,610	$647,882
Brett Waxman	SVP, Senior Associate General Counsel	40.00	Highest	$540,727	$60,010	$600,737
Gregg Rozanksy	SVP, Senior Associate General Counsel	40.00	Highest	$538,817	$31,479	$570,296
Sean Oblack	SVP, Head of Communications	40.00	Highest	$524,508	$61,610	$586,118
Tabitha Edgens	SVP, SR. Assoc GC & CO-Head of Reg Affairs	40.00	Highest	$479,389	$28,650	$508,039

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	$35,312,939	$34,116,822	$48,770,558	$1,196,117
2023	$32,389,289	$31,663,890	$49,419,204	$725,399
2023	$31,509,714	$31,663,890	$49,419,204	$-154,176
2022	$30,476,068	$31,172,714	$41,812,574	$-696,646
2021	$30,420,949	$29,249,410	$28,929,492	$1,171,539
2020	$29,175,132	$27,135,447	$27,899,988	$2,039,685
2019	$29,899,102	$28,945,645	$25,746,317	$953,457