CHICAGO, IL
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
AS A CONGRESSIONALLY AUTHORIZED SELF-REGULATORY ORGANIZATION, NATIONAL FUTURES ASSOCIATION (NFA) IS THE SELF-REGULATORY ORGANIZATION FOR THE U.S. DERIVATIVES INDUSTRY, INCLUDING EXCHANGE TRADED FUTURES, RETAIL OFF-EXCHANGE FOREIGN CURRENCY (FOREX) AND (CONTINUED IN SCHEDULE O) (CONTINUANCE OF PART III, LINE 1)OTC DERIVATIVES (SWAPS). NFA HAS DEVELOPED AND ENFORCES RULES, PROVIDES PROGRAMS AND OFFERS SERVICES THAT SAFEGUARD MARKET INTEGRITY, PROTECT INVESTORS AND HELP OUR MEMBERS MEET THEIR REGULATORY RESPONSIBILITIES.
REGISTRATIONNFA SCREENS ALL FIRMS AND INDIVIDUALS WISHING TO REGISTER WITH THE CFTC AND BECOME NFA MEMBERS. NFA'S REGISTRATION DEPARTMENT PROCESSED 380 FIRM REGISTRATIONS AND OVER 7,000 INDIVIDUAL...
REGISTRATIONNFA SCREENS ALL FIRMS AND INDIVIDUALS WISHING TO REGISTER WITH THE CFTC AND BECOME NFA MEMBERS. NFA'S REGISTRATION DEPARTMENT PROCESSED 380 FIRM REGISTRATIONS AND OVER 7,000 INDIVIDUAL REGISTRATIONS.REGISTRATION INVESTIGATION CASES NFA'S REGISTRATION INVESTIGATIONS GROUP OPENED APPROXIMATELY 1,125 CASES. THESE INVESTIGATION CASES ARE DUE TO INFORMATION OBTAINED DURING NFA'S BACKGROUND CHECKS.(CONTINUED IN SCHEDULE O)(CONTINUANCE OF PART III, LINE 4A)INFORMATION CENTER NFA'S INFORMATION CENTER - A SERVICE NFA OFFERS TO MEMBERS AND THE INVESTING PUBLIC - RECEIVED 16,977 CALLS AND RESPONDED TO 4,760 EMAILS.ENFORCEMENT ACTIONS ENFORCEMENT OF NFA RULES IS CRITICAL TO THE EFFECTIVENESS OF THE SELF-REGULATORY PROCESS. IN FISCAL YEAR 2024: NFA'S BUSINESS CONDUCT COMMITTEE ISSUED 15 COMPLAINTS AGAINST 23 RESPONDENTS. A NUMBER OF THESE CASES INVOLVED MEMBERS AND ASSOCIATES WHO FAILED TO SUPERVISE, COOPERATE WITH NFA IN AN INVESTIGATION OR OBSERVE HIGH STANDARDS OF COMMERCIAL HONOR AND JUST AND EQUITABLE PRINCIPLES OF TRADE OR COMPLY WITH RECORDKEEPING REQUIREMENTS.NFA'S DISCIPLINARY PANELS ISSUED 13 DECISIONS AND ORDERED 5 MEMBERSHIP BARS, 1 MEMBERSHIP SUSPENSION, AND NFA IMPOSED OVER $1.0 MILLION IN REGULATORY FINES.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 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% |
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
Sign In| 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 |
| 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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