FINRA REGULATION INC (EIN 521959501) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1996

Legal Domicile

Phone

2027288949

Tax Period

2024-01-01 to 2024-12-31

FINRA REGULATION INC, founded in 1996, is a large national nonprofit that reported $1.4B in total revenue in fiscal year 2024. Revenue surged 21% from the prior year, signaling strong growth momentum. The organization ran a surplus of $481.8M, a strong 36% operating margin.

Mission

FINRA REGULATION'S mission is to protect investors and safeguard the integrity of our vibrant capital markets to ensure that everyone can invest with confidence.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,354,032,018

Investment Income $0

Other Revenue $3,260

TOTAL REVENUE $1,354,035,278

Expense Breakdown

Grants Paid $6,162,196

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $0

Other Expenses $866,063,515

TOTAL EXPENSES $872,225,711

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,354,035,278	$1,118,127,486	+0.2%
Expenses	$872,225,711	$781,443,382	+0.1%
Net Income	$481,809,567	$336,684,104	+0.4%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$14,331,345

Total Directors

$5,110,126

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Robert W Cook	President & CEO, ex officio	60.0	Officer Director	$0	$629,827	$4,102,800
DEBORAH BAILEY	REGULATORY POLICY COMMITTEE	2.0	Director	$0	$0	$100,000
Eric W Noll	REGULATORY POLICY COMMITTEE, EX OFFICIO	2.0	Director	$0	$0	$175,505
Ethiopis Tafara	Regulatory Policy Committee	2.0	Director	$0	$0	$958
JAMES T CROWLEY	REGULATORY POLICY COMMITTEE	2.0	Director	$0	$0	$737
John B Ehnes	Regulatory Policy Committee - thru 9/11/24	2.0	Director	$0	$0	$85,738
Lisa Fairfax	REGULATORY POLICY COMMITTEE - THRU 4/5/24	2.0	Director	$0	$0	$50,220
Maureen Jensen	CHAIR, Regulatory Policy Committee	2.0	Director	$0	$0	$118,608
MOIRA A KILCOYNE	REGULATORY POLICY COMMITTEE	2.0	Director	$0	$0	$100,475
Paige W Pierce	REGULATORY POLICY COMMITTEE - THRU 9/11/24	2.0	Director	$0	$0	$76,912
Scott Curtis	REGULATORY POLICY COMMITTEE	2.0	Director	$0	$0	$105,011
Timothy C Scheve	Regulatory Policy Committee - THRU 9/11/24	2.0	Director	$0	$0	$89,198
Wendy Lanton	REGULATORY POLICY COMMITTEE - AS OF 12/5/24	2.0	Director	$0	$0	$103,964
Gregory Ruppert	EXECUTIVE VICE PRESIDENT	60.0	Officer	$0	$214,053	$1,681,769
Marcia E Asquith	EVP, Board & External Relations	60.0	Officer	$0	$140,850	$1,134,908
Richard W Berry	Executive Vice President	60.0	Officer	$0	$67,472	$1,147,271
Robert L D Colby	EVP And Chief Legal Officer	60.0	Officer	$0	$62,670	$1,524,356
Stephanie Dumont	EXECUTIVE VICE PRESIDENT	60.0	Officer	$0	$156,018	$1,265,880
Todd T Diganci	Executive Vice President/CFAO	60.0	Officer	$0	$631,092	$2,370,508
William St Louis	EXECUTIVE VICE PRESIDENT	60.0	Officer	$0	$173,829	$1,103,853

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	$1,354,035,278	$872,225,711	$94,061,520	$481,809,567
2023	$1,118,127,486	$781,443,382	$60,411,994	$336,684,104
2022	$1,039,482,542	$693,480,189	$30,977,462	$346,002,353
2021	$1,138,654,783	$668,437,890	$51,636,831	$470,216,893
2020	$964,459,237	$634,634,476	$68,166,800	$329,824,761
2019	$805,372,686	$665,104,315	$31,398,219	$140,268,371
2018	$818,795,285	$664,455,500	$49,311,804	$154,339,785

FINRA REGULATION INC