Financial Managers Society

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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

1966

Legal Domicile

Principal Officer

Alana Vartanian

Phone

3125781300

Tax Period

2024-01-01 to 2024-12-31

Financial Managers Society, founded in 1966, is a community nonprofit that reported $1.5M in total revenue in fiscal year 2024. Expenses of $1.4M left a modest 8% surplus.

Mission

The Society's members are primarily executives of financial institutions. The objectives of the Society are to further the professional development and to promote high standards of practice for its members. To accomplish these objectives, the Society sponsors educational seminars and conferences and publishes educational materials.

Program Service Accomplishments

Program 1

The Society conducts an annual Finance and Accounting Forum which attracts 250-275 people for over 21 sessions of educational programming and a business trade show consisting of 35 exhibitor booths in 2022.The program offers specific educational sessions for all the major segments of the FMS membership: CFOs, Controllers, Risk Managers and Internal Auditors, Treasurers and Investment Officers, and CEOs.

Program 2

The Society yearly offers 15 two-day seminars/workshops on topics of import to various segments of the membership. Designed as intense, comprehensive educational sessions, the programs are CPE rich, and with typically only one to two presenters, highly interactive, practical, and hands on. Included in the seminar lineup is a five-day Financial Managers School at a continuing education center in Wisconsin which immerses participants in the art of asset/liability management withinfinancial institutions.

Program 3

Complementing its series of seminars and workshops, the Society also offers approximately twenty-eight 60-minute webinars on topics of interest to the membership.

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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 $1,425,287

Investment Income $4,048

Other Revenue $43,647

TOTAL REVENUE $1,472,982

Expense Breakdown

Grants Paid $0

Salaries & Benefits $602,347

Fundraising Expenses $0

Other Expenses $753,611

TOTAL EXPENSES $1,355,958

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,472,982	$1,509,768	0.0%
Expenses	$1,355,958	$1,259,587	+0.1%
Net Income	$117,024	$250,181	-0.5%

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

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

$236,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Danialle Evans	Chairman	1.00	Officer Director	$0	$0	$0
Mark Haberland	Chairman-Elect	1.00	Officer Director	$0	$0	$0
Ferdinand Viaud	Immediate Past Chairman	1.00	Officer Director	$0	$0	$0
Terry Bishop	Director at Large	1.00	Director	$0	$0	$0
Shannon Croll	Director at Large	1.00	Director	$0	$0	$0
Terri Degner	Director at Large	1.00	Director	$0	$0	$0
Scott Hildenbrand	Director at Large	1.00	Director	$0	$0	$0
Kelsey Marquis	Director at Large	1.00	Director	$0	$0	$0
Brian McCourt	Director at Large	1.00	Director	$0	$0	$0
Scott Mincemoyer	Director at Large	1.00	Director	$0	$0	$0
Gavin Montgomery	Director at Large	1.00	Director	$0	$0	$0
Bryan Ridgway	Director at Large	1.00	Director	$0	$0	$0
Tal Scheer	Director at Large	1.00	Director	$0	$0	$0
Kevin Schlangen	Director at Large	1.00	Director	$0	$0	$0
Dennis Simmerman Jr	Director at Large	1.00	Director	$0	$0	$0
Alana Vartanian	President and CEO	40.00	Officer	$222,258	$13,742	$236,000

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	$1,472,982	$1,355,958	$1,818,131	$117,024
2023	$1,509,768	$1,259,587	$1,798,677	$250,181
2022	$1,651,607	$1,107,197	$1,611,173	$544,410
2021	$1,479,772	$775,219	$902,245	$704,553
2020	$1,198,588	$1,045,204	$286,511	$153,384
2019	$1,970,971	$2,223,607	$172,294	$-252,636
2018	$1,875,200	$2,444,571	$452,686	$-569,371