AMERICAN FINANCIAL SERVICES ASSOCIATION

EIN: 530025360 Employment

WASHINGTON, DC

Total Revenue
$12,796,158
Total Expenses
$12,281,991
Total Assets
$24,276,294
Net Assets
$17,007,680
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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
1916
Legal Domicile
DC
Principal Officer
CECILIA WINSLOW
Phone
2022965544
Tax Period
2024-01-01 to 2024-12-31

AMERICAN FINANCIAL SERVICES ASSOCIATION, founded in 1916, is a mid-sized nonprofit in the Employment sector that reported $12.8M in total revenue in fiscal year 2024. Expenses of $12.3M left a modest 4% surplus.

Mission

AFSA IS THE NATIONAL TRADE ASSOCIATION FOR THE CONSUMER CREDIT INDUSTRY. ITS MEMBERS INCLUDE CONSUMER AND COMMERCIAL FINANCE COMPANIES, AUTO FINANCE COMPANIES, MORTGAGE LENDERS AND SERVICERS, CREDIT CARD ISSUERS, AND INDUSTRY SUPPLIERS.

Program Service Accomplishments

Program 1

ANNUAL MEETINGS AND CONFERENCES - AFSA HOLDS AN ANNUAL MEETING AND SEVERAL CONFERENCES EACH YEAR. THE PROGRAMS ADDRESS ISSUES OF IMPORTANCE TO THE FINANCIAL SERVICES INDUSTRY.

Program 2

AFSA UNIVERSITY IS A WEB-BASED COMPLIANCE TRAINING PROGRAM OFFERING MORE THAN 260 COURSES ON KEY FEDERAL FINANCIAL SERVICES LAWS AND REGULATIONS. THE COURSES ARE TAILORED FOR BOTH BANKS AND...

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AFSA UNIVERSITY IS A WEB-BASED COMPLIANCE TRAINING PROGRAM OFFERING MORE THAN 260 COURSES ON KEY FEDERAL FINANCIAL SERVICES LAWS AND REGULATIONS. THE COURSES ARE TAILORED FOR BOTH BANKS AND NONBANKSACCORDING TO VARIOUS JOB FUNCTIONS AND LINES OF BUSINESS.

Program 3

PUBLICATIONS AND VIDEOS - AFSA PUBLISHES VARIOUS NEWSLETTERS AND A VARIETY OF PAMPHLET BOOKLETS, AND INFORMATIONAL VIDEOS. THESE PUBLICATIONS AND VIDEOS COVER IN DEPTH INFORMATION ON ISSUES OF...

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PUBLICATIONS AND VIDEOS - AFSA PUBLISHES VARIOUS NEWSLETTERS AND A VARIETY OF PAMPHLET BOOKLETS, AND INFORMATIONAL VIDEOS. THESE PUBLICATIONS AND VIDEOS COVER IN DEPTH INFORMATION ON ISSUES OF IMPORTANCE TO THE CONSUMER CREDIT INDUSTRY AND TO THE GENERAL PUBLIC.

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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 $157,755
Program Service Revenue $11,712,919
Investment Income $797,942
Other Revenue $127,542
TOTAL REVENUE $12,796,158

Expense Breakdown

Grants Paid $0
Salaries & Benefits $5,887,973
Fundraising Expenses $0
Other Expenses $6,394,018
TOTAL EXPENSES $12,281,991

Year-over-Year Comparison

2024 2023 Change
Revenue $12,796,158 $12,751,919 +0.0%
Expenses $12,281,991 $12,276,369 +0.0%
Net Income $514,167 $475,550 +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

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Governance

Voting Members
57
Independent Members
53
Employees
23
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
9
$2,155,497
Total Directors
58
$949,938
Key Employees
3
$832,765
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JAMES DROTMAN DIRECTOR 0.50
Director
$0 $0 $0
EVAN BAKER DIRECTOR 0.50
Director
$0 $0 $0
MARTIN E LESS IMMEDIATE PAST CHAIR 0.50
Officer Director
$0 $0 $0
TOM HUDGINS DIRECTOR 0.50
Director
$0 $0 $0
OFER ALON DIRECTOR 0.50
Director
$0 $0 $0
NATHAN D BENSON DIRECTOR 0.50
Director
$0 $0 $0
KYLE R BIRCH IMMEDIATE PAST CHAIR 0.50
Officer Director
$0 $0 $0
MARCELO BRUTTI DIRECTOR 0.50
Director
$0 $0 $0
ERIN KERBER DIRECTOR 0.50
Director
$0 $0 $0
HEIDI BOLTON DIRECTOR 0.50
Director
$0 $0 $0
BIRGIT BOEHM DIRECTOR 0.50
Director
$0 $0 $0
KEVIN JAMES CULLUM CHAIR ELECT 0.50
Officer Director
$0 $0 $0
DUSTY CRONE DIRECTOR 0.50
Director
$0 $0 $0
JON G DANIELS DIRECTOR 0.50
Director
$0 $0 $0
LESTER E DEES DIRECTOR 0.50
Director
$0 $0 $0
BETTY JOTANOVIC DIRECTOR 0.50
Director
$0 $0 $0
ROYCE E EVERETTE JR DIRECTOR 0.50
Director
$0 $0 $0
JEFF HAYMORE DIRECTOR 0.50
Director
$0 $0 $0
JASON GRUBB DIRECTOR 0.50
Director
$0 $0 $0
GINGER C HERRING DIRECTOR 0.50
Director
$0 $0 $0
AMY BROOKS DIRECTOR 0.50
Director
$0 $0 $0
JOSH C JOHNSON DIRECTOR 0.50
Director
$0 $0 $0
LEE HOLZMAN DIRECTOR 0.50
Director
$0 $0 $0
MARK MCCALL DIRECTOR 0.50
Director
$0 $0 $0
RICH HYDE DIRECTOR 0.50
Director
$0 $0 $0
CHARLES DO DIRECTOR 0.50
Director
$0 $0 $0
KRISTIN M KARWAT DIRECTOR 0.50
Director
$0 $0 $0
FRANCIS C LEE DIRECTOR 0.50
Director
$0 $0 $0
RE EVERETTE DIRECTOR 0.50
Director
$0 $0 $0
ELLEN FARRELL DIRECTOR 0.50
Director
$0 $0 $0
HOPE MEHLMN DIRECTOR 0.50
Director
$0 $0 $0
TIM OWENS DIRECTOR 0.50
Director
$0 $0 $0
RICHARD H PARKER III DIRECTOR 0.50
Director
$0 $0 $0
TANYA SANDERS DIRECTOR 0.50
Director
$0 $0 $0
MAGGIE GAGE DIRECTOR 0.50
Director
$0 $0 $0
RICHARD J PORRELLO DIRECTOR 0.50
Director
$0 $0 $0
CHAD PRASHAD DIRECTOR 0.50
Director
$0 $0 $0
EDDIE JONES DIRECTOR 0.50
Director
$0 $0 $0
PETAR VUCUREVIC DIRECTOR 0.50
Director
$0 $0 $0
JEFFREY E SNYDER DIRECTOR 0.50
Director
$0 $0 $0
ELIZABETH STCHARLES PRIME DIRECTOR 0.50
Director
$0 $0 $0
JOSEPH KIPLE DIRECTOR 0.50
Director
$0 $0 $0
MEG MICHIELS DIRECTOR 0.50
Director
$0 $0 $0
DOUGLAS TIMMERMAN DIRECTOR 0.50
Director
$0 $0 $0
DAN WALTERS CHAIR 0.50
Officer Director
$0 $0 $0
MARY LEIGH PHILLIPS DIRECTOR 0.50
Director
$0 $0 $0
WILLIAM SHOPE DIRECTOR 0.50
Director
$0 $0 $0
DOUG CLARK DIRECTOR 0.50
Director
$0 $0 $0
WILLIAM M HIMPLER PRESIDENT & CEO 37.50
Officer Director
$779,586 $170,352 $949,938
SHERYL SMITH DIRECTOR 0.50
Officer Director
$0 $0 $0
SUSAN STRAFFON DIRECTOR 0.50
Director
$0 $0 $0
ROB BECK DIRECTOR 0.50
Director
$0 $0 $0
IAN REHMERT DIRECTOR 0.50
Director
$0 $0 $0
ROCHELLE MCCLANAHAN VICE CHAIR & TREASURER 0.50
Director
$0 $0 $0
SHUNDA ROBINSON DIRECTOR 0.50
Director
$0 $0 $0
JIM SCHNEIDER DIRECTOR 0.50
Director
$0 $0 $0
SHERI WILFORD DIRECTOR 0.50
Director
$0 $0 $0
KIM GERSHON DIRECTOR 0.50
Director
$0 $0 $0
DANIELE ARLOWE SR. VP - STATE GOVT 37.50
Officer
$359,388 $59,076 $418,464
CECILIA WINSLOW VP - FED GOV AFFAIRS 37.50
Officer
$400,100 $19,380 $419,480
EDWARD MCFADDEN VP-COMM. 37.50
Officer
$303,475 $64,140 $367,615
DANIELLE T MCLEAN VP - CFO 37.50
Key Emp
$232,068 $36,020 $268,088
PHILLIP BOHI VP - COMPLIANCE 37.50
Key Emp
$277,476 $38,716 $316,192
TIMOTHY GILL VP & CHIEF ECONOMIST 37.50
Key Emp
$226,999 $21,486 $248,485
PERLA MANUEL CORP. SECRETARY 37.50
Highest
$159,748 $47,481 $207,229
THOMAS MORANO VP - MEETINGS 37.50
Highest
$159,699 $46,557 $206,256
RHONDA P ASHBURN EXEC. DIR - FOUNDATION 37.50
Highest
$174,032 $38,500 $212,532
MICHELLE BATTALINE DIR - MTGS 37.50
Highest
$163,400 $32,953 $196,353
A HARTER VP- FED GOV. AFFAIRS 37.50
Highest
$226,675 $42,697 $269,372
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 $12,796,158 $12,281,991 $24,276,294 $514,167
2023 $12,751,919 $12,276,369 $17,892,341 $475,550
2022 $11,972,355 $11,541,275 $18,202,459 $431,080
2021 $11,598,522 $9,860,795 $18,901,333 $1,737,727
2020 $9,611,603 $8,623,171 $16,431,020 $988,432
2019 $11,437,500 $11,216,725 $14,196,487 $220,775
2018 $11,439,610 $10,416,998 $13,229,940 $1,022,612
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