Government Finance Officers Association the United States & Canada (EIN 362167796) - 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

1932

Legal Domicile

Principal Officer

Christopher P Morrill

Phone

3129779700

Tax Period

2024-04-01 to 2025-03-31

Government Finance Officers Association the United States & Canada, founded in 1932, is a mid-sized nonprofit in the Public & Societal Benefit sector that reported $24.7M in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion.

Mission

The purpose of the Government Finance Officers Association ("GFOA") is to advance excellence and innovation in government finance to build thriving communities.

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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 $2,480,044

Program Service Revenue $21,353,327

Investment Income $604,853

Other Revenue $274,933

TOTAL REVENUE $24,713,157

Expense Breakdown

Grants Paid $335,697

Salaries & Benefits $13,272,888

Fundraising Expenses $0

Program Expenses $19,135,966

Other Expenses $11,943,886

TOTAL EXPENSES $25,552,471

Year-over-Year Comparison

	2024	2023	Change
Revenue	$24,713,157	$21,570,269	+0.1%
Expenses	$25,552,471	$23,668,424	+0.1%
Net Income	$-839,314	$-2,098,155	-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

1600

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

$801,945

Total Directors

Key Employees

$794,294

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Tanya Garost	President	4.50	Officer Director	$0	$0	$0
Lunda Asmani	President-Elect	1.25	Officer Director	$0	$0	$0
Laura Allen	Past President	1.25	Officer Director	$0	$0	$0
Terri Velasquez	Past President until 6/11/24	1.25	Officer Director	$0	$0	$0
Diane Allison	Board Member as of 6/11/24	0.50	Director	$0	$0	$0
Sonia Andrews	Board Member	0.50	Director	$0	$0	$0
Jennifer Brown	Board Member	0.50	Director	$0	$0	$0
Veronica Carrillo	Board Member until 6/11/24	0.50	Director	$0	$0	$0
Timothy Ewell	Board Member	0.50	Director	$0	$0	$0
Bruce Fisher	Board Member until 6/11/24	0.50	Director	$0	$0	$0
Chris Forster	Board Member as of 6/11/24	0.50	Director	$0	$0	$0
Jason Greene	Board Member	0.50	Director	$0	$0	$0
Edward Gin	Board Member	0.50	Director	$0	$0	$0
Clae Hack	Board Member as of 6/11/24	0.50	Director	$0	$0	$0
Anne Harty	Board Member until 6/11/24	0.50	Director	$0	$0	$0
Harpeet Hora	Board Member as of 6/11/24	0.50	Director	$0	$0	$0
Rafiu O Ighile	Board Member as of 6/11/24	0.50	Director	$0	$0	$0
Susan Iverson	Board Member until 6/11/24	0.50	Director	$0	$0	$0
Grace Martinez	Board Member	0.50	Director	$0	$0	$0
Debra Roberts	Board Member until 6/11/24	0.50	Director	$0	$0	$0
David Schmiedicke	Board Member	0.50	Director	$0	$0	$0
Ember Strange	Board Member as of 6/11/24	0.50	Director	$0	$0	$0
Kendel Taylor	Board Member	0.50	Director	$0	$0	$0
Diane Waldron	Board Member	0.50	Director	$0	$0	$0
Christopher P Morrill	Executive Director, CEO	40.00	Officer	$449,605	$79,692	$529,297
Sarah Lombardi	Director of Finance	40.00	Officer	$226,361	$46,287	$272,648
Michael Mucha	Deputy Executive Director	40.00	Key Emp	$353,152	$83,555	$436,707
Beth Aldana	Chief Administrative Officer	40.00	Key Emp	$290,274	$67,313	$357,587
Michele M Levine	Director, Technical Services Center	40.00	Highest	$372,468	$66,137	$438,605
Emily Brock	Director, Federal Liaison	40.00	Highest	$264,209	$72,209	$336,418
Shayne Kavanagh	Senior Manager, Research	40.00	Highest	$253,908	$40,908	$294,816
Randall Towns	Director of Education	40.00	Highest	$209,961	$54,208	$264,169
Eva Olsaker	Director of Consulting	40.00	Highest	$211,022	$44,672	$255,694

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	$24,713,157	$25,552,471	$22,264,843	$-839,314
2024	$21,570,269	$23,668,424	$23,830,331	$-2,098,155
2023	$19,773,077	$20,463,426	$25,208,156	$-690,349
2022	$17,942,494	$17,006,935	$21,140,816	$935,559
2021	$16,113,424	$14,791,361	$17,477,205	$1,322,063

Government Finance Officers Association the United States & Canada