NATIONAL FUTURES ASSOCIATION

EIN: 362960981

CHICAGO, IL

Total Revenue
$143,659,027
Total Expenses
$138,871,654
Total Assets
$241,465,991
Net Assets
$165,336,794
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1976
Legal Domicile
DE
Principal Officer
DAVID HAWRYSZ
Phone
3127811300
Tax Period
2023-07-01 to 2024-06-30

NATIONAL FUTURES ASSOCIATION, founded in 1976, is a major nonprofit that reported $143.7M in total revenue in fiscal year 2023. Expenses of $138.9M left a modest 3% surplus.

Mission

NFA IS A SELF-REGULATORY MEMBERSHIP ORGANIZATION FORMED TO MONITOR (CONTINUED IN SCHEDULE O) (CONTINUANCE OF PART I, LINE 1)AND MAINTAIN THE INTEGRITY OF THE DERIVATIVES TRADING INDUSTRY.

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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 $0
Program Service Revenue $139,107,064
Investment Income $4,550,578
Other Revenue $1,385
TOTAL REVENUE $143,659,027

Expense Breakdown

Grants Paid $0
Salaries & Benefits $102,968,773
Fundraising Expenses $0
Other Expenses $35,902,881
TOTAL EXPENSES $138,871,654

Year-over-Year Comparison

2023 2022 Change
Revenue $143,659,027 $139,826,383 +0.0%
Expenses $138,871,654 $130,012,810 +0.1%
Net Income $4,787,373 $9,813,573 -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

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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
21
Independent Members
21
Employees
620
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
15
$8,606,210
Total Directors
29
$493,000
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHAEL MOSKOW BOARD MEMBER (THRU 02/2024) 1.00
Director
$41,500 $0 $41,500
MICHAEL DAWLEY BOARD MEMBER 1.00
Director
$40,000 $0 $40,000
ARTHUR HAHN BOARD MEMBER 1.00
Director
$40,000 $0 $40,000
MARY MCDONNELL BOARD MEMBER 1.00
Director
$40,000 $0 $40,000
RONALD OPPENHEIMER BOARD MEMBER 1.00
Director
$36,500 $0 $36,500
TODD PETZEL BOARD MEMBER 1.00
Director
$31,500 $0 $31,500
DOUGLAS HARRIS BOARD MEMBER (THRU 02/2024) 1.00
Director
$23,500 $0 $23,500
RONALD FILLER BOARD MEMBER 1.00
Director
$23,000 $0 $23,000
MICHAEL SCHAEFER BOARD MEMBER (THRU 02/2024) 1.00
Director
$22,500 $0 $22,500
ANA BESKIN BOARD MEMBER 1.00
Director
$21,500 $0 $21,500
ERNEST JAFFARIAN BOARD MEMBER 1.00
Director
$18,000 $0 $18,000
DOUGLAS BRY BOARD MEMBER (THRU 02/2024) 1.00
Director
$16,000 $0 $16,000
MAUREEN DOWNS CHAIR (THRU 02/2024) 1.00
Officer Director
$16,000 $0 $16,000
THOMAS KADLEC BOARD MEMBER 1.00
Director
$16,000 $0 $16,000
DON THOMPSON VICE CHAIR (THRU 2/24)/BOARD MEM 1.00
Officer Director
$16,000 $0 $16,000
GERALD CORCORAN CHAIR (AS OF 02/2024) 1.00
Officer Director
$15,000 $0 $15,000
SCOTT STEWART BOARD MEMBER (THRU 02/2024) 1.00
Director
$14,000 $0 $14,000
SETH BENDER BOARD MEMBER 1.00
Director
$10,000 $0 $10,000
MICHAEL BURKE BOARD MEMBER 1.00
Director
$10,000 $0 $10,000
CONSTANCE WICK BOARD MEMBER 1.00
Director
$9,500 $0 $9,500
SCOTT ANDERSEN BOARD MEMBER 1.00
Director
$8,500 $0 $8,500
MARK BAGAN BOARD MEMBER (THRU 02/2024) 1.00
Director
$8,000 $0 $8,000
MARTIN LUECK BOARD MEMBER 1.00
Director
$8,000 $0 $8,000
MARK MAURER BOARD MEMBER 1.00
Director
$8,000 $0 $8,000
TRABUE BLAND BOARD MEMBER 1.00
Director
$0 $0 $0
JULIE HOLZRICHTER BOARD MEMBER 1.00
Director
$0 $0 $0
WILLIAM MCCOY BOARD MEMBER (THRU 02/2024) 1.00
Director
$0 $0 $0
CHARLOTTE MCLAUGHLIN BOARD MEMBER 1.00
Director
$0 $0 $0
ALICIA CRIGHTON BOARD MEMBER (AS OF 08/2023) 1.00
Director
$0 $0 $0
THOMAS SEXTON PRESIDENT AND CEO 40.00
Officer
$1,171,491 $77,405 $1,248,896
MICHAEL OTTEN SENIOR VICE PRESIDENT, OTC 40.00
Officer
$777,678 $75,355 $853,033
REGINA THOELE SENIOR VICE PRESIDENT 40.00
Officer
$738,879 $77,468 $816,347
CAROL WOODING SR.VP, GC, AND SECRETARY 40.00
Officer
$738,912 $74,355 $813,267
TIMOTHY MCHENRY SENIOR VICE PRESIDENT 40.00
Officer
$709,985 $77,355 $787,340
EDWARD DASSO SENIOR VICE PRESIDENT 40.00
Officer
$644,161 $77,986 $722,147
DAVID HAWRYSZ SR. VP, CFO, AND TREASURER 40.00
Officer
$621,354 $77,708 $699,062
KAREN WUERTZ SENIOR VICE PRESIDENT 40.00
Officer
$546,193 $74,330 $620,523
LAUREN BRINATI VP, ADMIN STRATEGY RISK 40.00
Officer
$542,849 $59,104 $601,953
DALE SPOLJARIC VICE PRESIDENT, OTC 40.00
Officer
$475,083 $74,310 $549,393
NANCY C BOHANON VICE PRESIDENT, HR 40.00
Officer
$388,551 $73,437 $461,988
YVETTE CHRISTMAN VICE PRESIDENT 40.00
Officer
$325,757 $59,504 $385,261
ALLESANDRA RICCARDI MANAGING DIRECTOR, OTC 40.00
Highest
$381,736 $72,599 $454,335
CLIFF ALLEN MANAGING DIRECTOR, OTC 40.00
Highest
$398,093 $39,515 $437,608
KATHLEEN CLAPPER MANAGING DIRECTOR, COMPLIANCE 40.00
Highest
$352,499 $63,797 $416,296
JOSEPH HAWRYSZ MANAGING DIRECTOR, COMPLIANCE 40.00
Highest
$343,099 $59,521 $402,620
ANNE JOVES ASSOCIATE GENERAL COUNSEL 40.00
Highest
$352,835 $38,983 $391,818
DANIEL DRISCOLL SPECIAL ADVISOR 40.00
$254,984 $65,599 $320,583
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 No data No data No data No data
2024 $143,659,027 $138,871,654 $241,465,991 $4,787,373
2023 $139,826,383 $130,012,810 $213,811,292 $9,813,573
2022 $126,360,502 $113,649,342 $176,284,079 $12,711,160
2021 $110,867,239 $109,814,140 $169,694,362 $1,053,099
2020 $120,873,183 $106,252,569 $160,552,859 $14,620,614
2019 $115,241,534 $101,154,119 $142,277,544 $14,087,415
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