SECURITIES INVESTOR PROTECTION COR… - 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

1970

Legal Domicile

Principal Officer

JOSEPHINE WANG

Phone

2023718300

Tax Period

2024-01-01 to 2024-12-31

SECURITIES INVESTOR PROTECTION CORPORATION, founded in 1970, is a major nonprofit that reported $625.3M in total revenue in fiscal year 2024. Revenue surged 22% from the prior year, signaling strong growth momentum. The organization ran a surplus of $447.3M, a strong 72% operating margin.

Mission

SIPC's mission is statutory. When a brokerage firm fails due to bankruptcy or other financial difficulties and customer assets are missing, SIPC steps in as quickly as possible and, within certain limits, works to return customers' cash, stock and other securities, and other customer property. Without SIPC, investors at financially troubled brokerage firms might lose their securities or money forever or wait years while their assets are tied up in court.

Program Service Accomplishments

Program 1

SIPC initiated no new customer protection proceedings in 2024. Total proceedings commenced under SIPC to date are 330. In 2024, 1 proceeding is being processed. Cash and securities distributed for...

SIPC initiated no new customer protection proceedings in 2024. Total proceedings commenced under SIPC to date are 330. In 2024, 1 proceeding is being processed. Cash and securities distributed for accounts of customers during 2024 totaled approximately $82 million.

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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 $625,303,894

Investment Income $0

Other Revenue $0

TOTAL REVENUE $625,303,894

Expense Breakdown

Grants Paid $0

Salaries & Benefits $13,132,267

Fundraising Expenses $0

Other Expenses $164,847,550

TOTAL EXPENSES $177,979,817

Year-over-Year Comparison

	2024	2023	Change
Revenue	$625,303,894	$511,388,716	+0.2%
Expenses	$177,979,817	$19,739,606	+8.0%
Net Income	$447,324,077	$491,649,110	-0.1%

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

$2,811,250

Total Directors

$76,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM BRODSKY	DIRECTOR	2.50	Director	$12,000	$0	$12,000
GLEN S FUKUSHIMA	VICE CHAIR OF BOARD	3.00	Director	$12,000	$0	$12,000
WILLIAM S JASIEN	DIRECTOR	1.50	Director	$12,000	$0	$12,000
ALAN J PATRICOF	DIRECTOR	2.50	Director	$12,000	$0	$12,000
CLAUDIA SLACIK	CHAIR OF BOARD	6.00	Director	$28,000	$0	$28,000
DANIEL M COVITZ	DIRECTOR	2.00	Director	$0	$0	$0
W MOSES KIM	DIRECTOR	2.00	Director	$0	$0	$0
JOSEPHINE WANG	PRESIDENT & CEO	40.00	Officer	$934,812	$-47,198	$887,614
MICHAEL L POST	GENERAL COUNSEL & SECRETARY	40.00	Officer	$651,398	$117,528	$768,926
KAREN L SAPERSTEIN	VICE PRESIDENT - OPERATIONS	40.00	Officer	$486,205	$195,785	$681,990
CHARLES E GLOVER	VICE PRESIDENT - FINANCE	40.00	Officer	$504,905	$-32,185	$472,720
CHRISTOPHER H LAROSA	SR. ASSOC. GC - LITIGATION	40.00	Highest	$383,489	$233,010	$616,499
HEMANT SHARMA	DEPUTY GENERAL COUNSEL	40.00	Highest	$433,935	$148,504	$582,439
ROBERT C FERRY	AVP - INFORMATION TECHNOLOGY	40.00	Highest	$355,034	$161,385	$516,419
TIMOTHY W TIMANUS	AVP - OPERATIONS	40.00	Highest	$355,860	$140,151	$496,011
KEVIN H BELL	SR. ASSOC. GC - DISPUTE RES	40.00	Highest	$407,012	$24,498	$431,510

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	$625,303,894	$177,979,817	$5,089,010,833	$447,324,077
2023	$511,388,716	$19,739,606	$4,675,779,724	$491,649,110
2022	$463,655,966	$130,204,129	$4,237,761,857	$333,451,837
2021	$520,971,678	$259,967,770	$4,382,745,297	$261,003,908
2020	$474,981,729	$11,080,879	$4,150,025,171	$463,900,850
2019	$393,422,450	$-24,219,968	$3,655,191,234	$417,642,418
2018	$355,846,775	$182,366,457	$3,296,907,939	$173,480,318

SECURITIES INVESTOR PROTECTION CORPORATION