CONFERENCE OF STATE BANK SUPERVISORS

EIN: 522080072 501(c)(3) Public & Societal Benefit

WASHINGTON, DC

Total Revenue
$97,592,138
Total Expenses
$91,495,637
Total Assets
$242,487,406
Net Assets
$191,809,437
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1996
Legal Domicile
DC
Principal Officer
BRANDON MILHORN
Phone
2022962840
Tax Period
2024-01-01 to 2024-12-31

CONFERENCE OF STATE BANK SUPERVISORS, founded in 1996, is a mid-sized nonprofit in the Public & Societal Benefit sector that reported $97.6M in total revenue in fiscal year 2024. Expenses of $91.5M left a modest 6% surplus.

Mission

THE CONFERENCE OF STATE BANK SUPERVISORS (CSBS) IS THE PROFESSIONAL ORGANIZATION OF FINANCIAL REGULATORS FROM ALL 50 STATES, THE DISTRICT OF COLUMBIA, GUAM, PUERTO RICO, THE U.S. VIRGIN ISLANDS. CSBS ADVOCATES FOR THE DUAL BANKING SYSTEM AND PROVIDES STATES WITH CRITICAL INFRASTRUCTURE FOR FOSTERING INNOVATIVE, RESPONSIVE SUPERVISION. CSBS, ON BEHALF OF STATE REGULATORS, ALSO OPERATES THE NATIONWIDE MULTISTATE LICENSING SYSTEM & REGISTRY (NMLS). STATES USE THE NMLS TO LICENSE AND REGISTER FINANCIAL SERVICE PROVIDERS AND ITS SUPERVISORY COMPONENT, THE STATE EXAMINATION SYSTEM (SES) TO HARMONIZE AND AUTOMATE SUPERVISORY PROCESSES, STREAMLINING EXAMINATIONS AND IMPROVING OVERSIGHT OF NONBANK FINANCIAL INSTITUTIONS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $91,709,863
Investment Income $5,874,275
Other Revenue $8,000
TOTAL REVENUE $97,592,138

Expense Breakdown

Grants Paid $2,728,053
Salaries & Benefits $35,162,294
Fundraising Expenses $0
Program Expenses $84,604,390
Other Expenses $53,605,290
TOTAL EXPENSES $91,495,637

Year-over-Year Comparison

2024 2023 Change
Revenue $97,592,138 $92,853,028 +0.1%
Expenses $91,495,637 $90,007,383 +0.0%
Net Income $6,096,501 $2,845,645 +1.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
20
Independent Members
20
Employees
196
Volunteers
96

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
8
$1,338,533
Total Directors
21
$0
Key Employees
5
$2,271,086
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHARLIE CLARK CHAIR (AS OF 6/24) 3.00
Officer Director
$0 $0 $0
TONY SALAZAR CHAIR ELECT (AS OF 6/24) 3.00
Officer Director
$0 $0 $0
LISE KRUSE IMMEDIATE PAST CHAIR (AS OF 6/24) 3.00
Officer Director
$0 $0 $0
RHOSHUNDA KELLY VICE CHAIR (AS OF 6/24) 3.00
Officer Director
$0 $0 $0
KELLY J LAMMERS TREASURER (AS OF 6/24) 3.00
Officer Director
$0 $0 $0
SUSANNAH T MARSHALL SECRETARY (AS OF 6/24) 3.00
Officer Director
$0 $0 $0
ADRIENNE HARRIS MEMBER-AT-LARGE 3.00
Director
$0 $0 $0
DARRYLE RUDE MEMBER-AT-LARGE 3.00
Director
$0 $0 $0
THOMAS FITE FOUNDATION BOARD CHAIR 3.00
Director
$0 $0 $0
KEVIN HAGLER SRR CHAIR 3.00
Director
$0 $0 $0
MARY GALLAGHER LEG CMTE CHAIR 3.00
Director
$0 $0 $0
ROBERTA HOLLINSHEAD REG CMTE CHAIR 3.00
Director
$0 $0 $0
MELANIE G HALL NDS CMTE CHAIR (THROUGH 5/24) 3.00
Director
$0 $0 $0
DAWN HOLSTEIN SSPC CHAIR 3.00
Director
$0 $0 $0
MIKE HILL CO-CHAIR, BAB 3.00
Director
$0 $0 $0
BRET AFDAHL NON DEPOSITORY COMMITTEE CHAIR 3.00
Director
$0 $0 $0
JORGE PEREZ DISTRICT I CHAIR 3.00
Director
$0 $0 $0
KEVIN ALLARD DISTRICT II CHAIR 3.00
Director
$0 $0 $0
KATE BOSKEN DISTRICT III CHAIR 3.00
Director
$0 $0 $0
CHARLES COOPER DISTRICT IV CHAIR 3.00
Director
$0 $0 $0
PATTIE PERKINS DISTRICT V CHAIR 3.00
Director
$0 $0 $0
LEILA GREEN EVP AND CFO, FINANCE AND OFFICE OPS 37.50
Officer
$297,392 $78,047 $399,230
BRANDON MILHORN PRESIDENT AND CEO 37.50
Officer
$645,999 $241,624 $939,303
NGOC VU CHIEF INFORMATION OFFICER 37.50
Key Emp
$384,822 $91,383 $506,990
MARGARET LIU EVP, GENERAL COUNSEL 37.50
Key Emp
$378,969 $100,978 $510,265
VICKIE PECK EVP, PRODUCTS & SOLUTIONS 37.50
Key Emp
$349,475 $69,505 $446,939
KELLY HAIRE EVP, PEOPLE OPERATIONS 37.50
Key Emp
$314,779 $90,571 $430,533
KAREN LAWSON EVP, POLICY & SUPERVISION 37.50
Key Emp
$308,604 $43,067 $376,359
KEVIN QUINN SVP, ENTERPRISE INFRASTRUCTURE 37.50
Highest
$290,150 $83,756 $397,118
LEONARD CHANIN CHIEF COUNSEL TO THE PRESIDENT 37.50
Highest
$330,658 $44,950 $402,060
KRIS ROWLEY CHIEF DATA OFFICER 37.50
Highest
$273,508 $71,392 $366,780
MARY QUIST SVP, BANK SUPERVISION 37.50
Highest
$255,921 $73,699 $350,093
WAHID KARIM CHIEF ARCHITECT, ENTERPRISE ARCHITECTURE 37.50
Highest
$264,342 $47,691 $333,181
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 $97,592,138 $91,495,637 $242,487,406 $6,096,501
2023 $92,853,028 $90,007,383 $224,901,153 $2,845,645
2022 $107,628,406 $148,063,150 $226,593,162 $-40,434,744
2021 $119,445,355 $91,558,285 $259,861,102 $27,887,070
2020 $95,950,774 $86,565,546 $225,397,984 $9,385,228
2019 $82,883,592 $71,430,816 $203,477,155 $11,452,776
2018 $84,155,832 $68,312,710 $184,664,535 $15,843,122
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