FUND AND SUBSCRIPTION FINANCE ASSOCIATION (EIN 472428911) - 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

Phone

7045750236

Tax Period

2023-01-01 to 2023-12-31

FUND AND SUBSCRIPTION FINANCE ASSOCIATION, founded in 2014, is a community nonprofit in the Community Improvement sector that reported $5.2M in total revenue in fiscal year 2023. Revenue surged 51% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.3M, a strong 26% operating margin.

Mission

The primary goals are educating members, legislators, regulators, and other constituencies about the fund finance market and related capital markets, through holding events and conferences.

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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 $0

Program Service Revenue $5,192,297

Investment Income $26,482

Other Revenue $0

TOTAL REVENUE $5,218,779

Expense Breakdown

Grants Paid $0

Salaries & Benefits $80,143

Fundraising Expenses $0

Other Expenses $3,790,519

TOTAL EXPENSES $3,870,662

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,218,779	$3,465,961	+0.5%
Expenses	$3,870,662	$3,053,799	+0.3%
Net Income	$1,348,117	$412,162	+2.3%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jeff Johnston	Chairman	005.00	Officer	$0	$0	$0
Michael Mascia	Secretary	005.00	Officer	$0	$0	$0
Terry Hatton	Treasurer	005.00	Officer	$0	$0	$0
Joseph Rocco	Vice Chairman	005.00	Officer	$0	$0	$0
Sammy Asoli	Vice Chairman	005.00	Officer	$0	$0	$0
Mary Touchstone	Vice Chairman	005.00	Officer	$0	$0	$0
Tina Wind	Vice Chairman	005.00	Officer	$0	$0	$0
Danielle Roman	Vice Chairman	005.00	Officer	$0	$0	$0
Emma Russell	Vice Chairman	005.00	Officer	$0	$0	$0
Jill Wilson	Vice Chairman	005.00	Officer	$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	$5,218,779	$3,870,662	$6,577,670	$1,348,117
2022	$3,465,961	$3,053,799	$5,090,001	$412,162
2021	$258,580	$606,936	$3,695,577	$-348,356
2020	$2,062,494	$1,826,464	$2,261,053	$236,030
2019	$2,216,894	$1,766,344	$2,065,581	$450,550

FUND AND SUBSCRIPTION FINANCE ASSOCIATION