CHARTERED ALTERNATIVE INVESTMENT A… - Form 990 Financial Data

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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

2002

Legal Domicile

Principal Officer

WILLIAM J KELLY

Phone

4132537373

Tax Period

2023-01-01 to 2023-12-31

CHARTERED ALTERNATIVE INVESTMENT ANALYST ASSOCIATION INC, founded in 2002, is a mid-sized nonprofit in the Community Improvement sector that reported $11.3M in total revenue in fiscal year 2023. Revenue grew 19% year-over-year, indicating healthy expansion. Expenses of $12.8M exceeded revenue, resulting in a 13% operating deficit.

Mission

THE CHARTERED ALTERNATIVE INVESTMENT ANALYST ASSOCIATION, INC. (CAIA) IS A GLOBAL PROFESSIONAL CREDENTIALING BODY DEDICATED TO CREATING GREATER ALIGNMENT, TRANSPARENCY, AND KNOWLEDGE FOR ALL INVESTORS, WITH A SPECIFIC EMPHASIS ON ALTERNATIVE INVESTMENTS. A MEMBER-DRIVEN ORGANIZATION REPRESENTING PROFESSIONALS IN MORE THAN 95 COUNTRIES, CAIA ASSOCIATION ADVOCATES FOR THE HIGHEST ETHICAL STANDARDS. ESTABLISH THE CHARTERED ALTERNATIVE INVESTMENT ANALYST DESIGNATION AS AN EDUCATIONAL STANDARD IN THE INVESTMENT INDUSTRY, PROVIDE MEMBERS WITH COMPREHENSIVE KNOWLEDGE OF ALTERNATIVE INVESTMENTS, ADVOCATE HIGH STANDARDS OF PROFESSIONAL CONDUCT, PROMOTE PROFESSIONAL DEVELOPMENT THROUGH ONGOING EDUCATION, FACILITATE COMMUNICATION AMONG INDUSTRY PROFESSIONALS.

Program Service Accomplishments

Program 1

ADMINISTRATION OF CAIA EXAM, AWARDING THE CAIA DESIGNATION, ADVOCATING FOR HIGH PROFESSIONAL STANDARDS, AND CONTRIBUTING TO THE BODY OF KNOWLEDGE RELATED TO ALTERNATIVE INVESTING. E-CURRICULUM GIVES ACCESS AND CONTROL OF CONTENT TO HELP STUDENTS BETTER PREPARE TO STUDY FOR THE EXAM. THE INCREASE IN UNIFI SPONSORSHIPS HELPS SUPPORT FUTURE MICROCREDENTIALS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $75,000

Program Service Revenue $10,772,788

Investment Income $158,368

Other Revenue $322,149

TOTAL REVENUE $11,328,305

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,838,934

Fundraising Expenses $0

Other Expenses $6,951,717

TOTAL EXPENSES $12,790,651

Year-over-Year Comparison

	2023	2022	Change
Revenue	$11,328,305	$9,521,517	+0.2%
Expenses	$12,790,651	$11,251,406	+0.1%
Net Income	$-1,462,346	$-1,729,889	-0.2%

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

400

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

$953,334

Total Directors

$554,055

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM KELLY	CEO	40.00	Officer Director	$523,299	$30,756	$554,055
RUTH CAROLAN	CLERK/CHIEF OPERATING OFFICER	40.00	Officer	$205,169	$29,219	$234,388
BRADLEY AMBANI	DIRECTOR OF FINANCE/TREASURER	40.00	Officer	$154,751	$10,140	$164,891
JOHN BOWMAN	EXECUTIVE VICE PRESIDENT	40.00	Highest	$383,797	$22,284	$406,081
HOSSEIN KAZEMI	SENIOR ADVISOR, PROGRAMMING	30.00	Highest	$214,070	$28,100	$242,170
KRISTAPS LICIS	SENIOR ASSOCIATE DIRECTOR	40.00	Highest	$221,627	$11,830	$233,457
AARON FILBECK	MANAGING DIRECTOR/HEAD OF UNIFI	40.00	Highest	$187,136	$115	$187,251
DEBORAH MCLEAN	GLOBAL HEAD OF DEI	40.00	Highest	$171,428	$8,568	$179,996
VALERIE SILL	CHAIR OF THE BOARD	1.00	Director	$0	$0	$0
GREGORY BROWN	DIRECTOR	1.00	Director	$0	$0	$0
JAYNE BOK	DIRECTOR	1.00	Director	$0	$0	$0
ELENA MANOLA-BONTHOND	DIRECTOR	1.00	Director	$0	$0	$0
ELIZABETH BURTON	DIRECTOR	1.00	Director	$0	$0	$0
ANTHONY COWELL	DIRECTOR	1.00	Director	$0	$0	$0
GRAEME GRIFFITHS	DIRECTOR	1.00	Director	$0	$0	$0
JOHN EDWARD INGLIS	DIRECTOR	1.00	Director	$0	$0	$0
MELISSA MA	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM MA	DIRECTOR	1.00	Director	$0	$0	$0
THOMAS ROBINSON	DIRECTOR	1.00	Director	$0	$0	$0

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	No data	No data	No data	No data
2023	$11,328,305	$12,790,651	$8,528,938	$-1,462,346
2022	$9,521,517	$11,251,406	$9,436,100	$-1,729,889
2021	$9,878,929	$10,426,795	$10,766,695	$-547,866
2020	$10,681,524	$10,136,756	$9,925,273	$544,768
2019	$10,943,874	$11,126,929	$9,263,798	$-183,055
2018	$10,316,703	$10,136,704	$9,175,566	$179,999

CHARTERED ALTERNATIVE INVESTMENT ANALYST ASSOCIATION INC