FOREIGN EXCHANGE PROFESSIONALS ASSOCIATION (EIN 472026757) - 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

2014

Legal Domicile

Principal Officer

JEFFERY ROBERTS

Phone

9142329221

Tax Period

2024-01-01 to 2024-12-31

FOREIGN EXCHANGE PROFESSIONALS ASSOCIATION, founded in 2014, is a small nonprofit in the Community Improvement sector that reported $200K in total revenue in fiscal year 2024. Revenue decreased 17% compared to the prior year. Expenses of $351K exceeded revenue, resulting in a 75% operating deficit.

Mission

TO REPRESENT THE COLLECTIVE INTEREST OF INDIVIDUALS AND COMPANIES THAT PARTICIPATE IN THE INSTITUTIONAL FOREIGN EXCHANGE MARKETPLACE AND TO PROMOTE THE NEED FOR SOUND, LIQUID, TRANSPARENT, AND COMPETITIVE GLOBAL CURRENCY MARKETS TO POLICY MAKERS THROUGH EDUCATION, RESEARCH AND ADVOCACY.

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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 $200,000

Investment Income $0

Other Revenue $0

TOTAL REVENUE $200,000

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $350,563

TOTAL EXPENSES $350,563

Year-over-Year Comparison

	2024	2023	Change
Revenue	$200,000	$240,000	-0.2%
Expenses	$350,563	$354,160	0.0%
Net Income	$-150,563	$-114,160	+0.3%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSEPH HOFFMAN	CHAIRPERSON	1.00	Officer Director	$0	$0	$0
DALE HAVER	VICE-CHAIRPERSON	1.00	Officer Director	$0	$0	$0
JEFFERY ROBERTS	TREASURER	1.00	Officer Director	$0	$0	$0
SCOTT HALVORSEN	DIRECTOR	1.00	Director	$0	$0	$0
TAYLOR HABERSTOCK	DIRECTOR	1.00	Director	$0	$0	$0
CATHERINE POULTON	CO-SECRETARY	1.00	Officer Director	$0	$0	$0
RICHARD TURNER	DIRECTOR	1.00	Director	$0	$0	$0
PAUL HOPKINSON	DIRECTOR	1.00	Director	$0	$0	$0
JOHN MARCHESE	DIRECTOR	1.00	Director	$0	$0	$0
TERESA KNAPP	CO-SECRETARY	1.00	Officer 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	$200,000	$350,563	$68,761	$-150,563
2023	$240,000	$354,160	$219,324	$-114,160
2022	$245,000	$347,537	$383,484	$-102,537
2021	$330,000	$352,462	$416,021	$-22,462
2020	$375,000	$368,026	$448,483	$6,974
2019	$426,667	$360,801	$431,509	$65,866
2018	$443,636	$403,583	$400,193	$40,053

FOREIGN EXCHANGE PROFESSIONALS ASSOCIATION