INSTITUTE FOR FINANCIAL MARKETS

EIN: 521634508 501(c)(3) Social Science

WASHINGTON, DC

Total Revenue
$527,039
Total Expenses
$940,918
Total Assets
$6,341,875
Net Assets
$6,174,216
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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
1989
Legal Domicile
DC
Principal Officer
PATRICIA FOSHEE
Phone
2022231528
Tax Period
2021-01-01 to 2021-12-31

INSTITUTE FOR FINANCIAL MARKETS, founded in 1989, is a small nonprofit in the Social Science sector that reported $527K in total revenue in fiscal year 2021. Revenue fell 21% from the prior year — a significant decline worth monitoring. Expenses of $941K exceeded revenue, resulting in a 79% operating deficit.

Mission

THE INSTITUTE'S MISSION FOCUSES on derivatives markets education and ethics training to improve the technical competence of those in the financial services industry.

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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%)

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Financial Overview (2021)

Revenue Breakdown

Contributions & Grants $86,784
Program Service Revenue $110,107
Investment Income $330,148
Other Revenue $0
TOTAL REVENUE $527,039

Expense Breakdown

Grants Paid $212,666
Salaries & Benefits $511,058
Fundraising Expenses $0
Program Expenses $940,918
Other Expenses $217,194
TOTAL EXPENSES $940,918

Year-over-Year Comparison

2021 2020 Change
Revenue $527,039 $666,210 -0.2%
Expenses $940,918 $884,781 +0.1%
Net Income $-413,879 $-218,571 +0.9%
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

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Governance

Voting Members
9
Independent Members
7
Employees
2
Volunteers
7

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
4
$297,191
Total Directors
9
$2,070,690
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Walter Lukken Trustee 0.5
Director
$0 $39,030 $1,773,499
Patricia Foshee President 32.5
Officer Director
$262,200 $34,991 $297,191
Myrtle Allen Administrative Manager 32.5
Highest
$115,011 $21,938 $136,949
Michael Dawley Chairman 0.5
Officer Director
$0 $0 $0
Gary DeWaal Vice Chairman 0.5
Officer Director
$0 $0 $0
Daniel Driscoll Secretary/Treasurer 0.5
Officer Director
$0 $0 $0
Peter Borish Member of Board of Trustees 0.5
Director
$0 $0 $0
John M Damgard Member of Board of Trustees 0.5
Director
$0 $0 $0
Arhtur W Hahn Member of Board of Trustees 0.5
Director
$0 $0 $0
Jerome D Kemp Member of Board of Trustees 0.5
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
2021 $527,039 $940,918 $6,341,875 $-413,879
2020 $666,210 $884,781 $6,579,742 $-218,571
2019 $407,149 $994,909 $6,737,333 $-587,760
2018 $-11,810 $862,199 $6,602,077 $-874,009
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