AMERICAN FOREIGN SERVICE ASSOCIATI… - 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

1951

Legal Domicile

Principal Officer

ASGEIR SIGFUSSON

Phone

2023384045

Tax Period

2024-01-01 to 2024-12-31

AMERICAN FOREIGN SERVICE ASSOCIATION, founded in 1951, is a community nonprofit that reported $6.4M in total revenue in fiscal year 2024.

Mission

AMERICAN FOREIGN SERVICE ASSOCIATION (AFSA) IS BOTH THE PRINCIPAL ADVOCATE FOR THE LONG-TERM INSTITUTIONAL WELLBEING OF THE PROFESSIONAL CAREER FOREIGN SERVICE AND RESPONSIBLE FOR SAFEGUARDING THE INTEREST OF AFSA MEMBERS. (CONTINUED ON SCHEDULE O)AFSA ALSO SEEKS TO INCREASE UNDERSTANDING AMONG THE AMERICAN PEOPLE ABOUT THE VITAL ROLE OF THE U.S. FOREIGN SERVICE IN SUSTAINING AMERICAN GLOBAL LEADERSHIP.

Program Service Accomplishments

Program 1

Expenses: $1,892,493

LABOR RELATIONS: ALL ACTIVITIES RELATED TO THE ASSOCIATION'S ROLE AS A LABOR UNION INCLUDING COLLECTIVE BARGAINING, INFORMAL NEGOTIATIONS, AND INDIVIDUAL LEGAL AND GRIEVANCE COUNSELING.

Program 2

Expenses: $1,372,555

JOURNAL: AFSA'S MOST VISIBLE OUTREACH TOOL IS OUR FLAGSHIP MAGAZINE, THE FOREIGN SERVICE JOURNAL (FSJ). WITH A CIRCULATION OF 18,000, THE FSJ NOT ONLY GOES TO EVERY MEMBER OF AFSA BUT ALSO TO A LARGE GROUP OF OUTSIDE AUDIENCES - INCLUDING ALL FOREIGN EMBASSIES AND KEY OFFICES ON CAPITOL HILL. WITH TEN ISSUES A YEAR, THE FSJ IS OUR BEST WAY OF PUTTING THE AMAZING WORK OF THE FOREIGN SERVICE IN FRONT OF THOSE WHO MOST NEED TO KNOW ABOUT IT.

Program 3

Expenses: $594,018

PUBLIC AFFAIRS: PROMOTION OF AFSA, THE ACTIVITES AND VIEWS THROUGH THE MEDIA.

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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 $128,587

Program Service Revenue $6,059,427

Investment Income $201,243

Other Revenue $3,175

TOTAL REVENUE $6,392,432

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,063,120

Fundraising Expenses $0

Program Expenses $4,964,130

Other Expenses $1,399,173

TOTAL EXPENSES $6,462,293

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,392,432	$6,491,952	0.0%
Expenses	$6,462,293	$6,141,690	+0.1%
Net Income	$-69,861	$350,262	-1.2%

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

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

$439,474

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
THOMAS YAZDGERDI	PRESIDENT	30.00	Officer Director	$0	$0	$0
TINA WONG	STATE VICE PRESIDENT	30.00	Officer Director	$0	$0	$0
RANDY CHESTER	USAID VICE PRESIDENT	30.00	Officer Director	$0	$0	$0
JOSHUA BURKE	FCS VICE PRESIDENT	30.00	Officer Director	$0	$0	$0
EVAN MANGINO	FAC VICE PRESIDENT	30.00	Officer Director	$0	$0	$0
JOHN NALAND	RETIREE VICE PRESIDENT	0.50	Officer Director	$0	$0	$0
SUE SAARNIO	SECRETARY	0.50	Officer Director	$0	$0	$0
JOHN O'KEEFE	TREASURER	0.50	Officer Director	$0	$0	$0
EDWARD STAFFORD	RETIREE REPRESENTATIVE	0.50	Director	$0	$0	$0
MARY DALY	RETIREE REPRESENTATIVE	0.50	Director	$0	$0	$0
CHISTOPHER SAENGER	USAID REPRESENTATIVE	0.50	Director	$0	$0	$0
JOE RAGOLE	APHIS REPRESENTATIVE	0.50	Director	$0	$0	$0
ZEKE SPEARS	FAS REPRESENTATIVE	0.50	Director	$0	$0	$0
JAY CARREIRO	FCS REPRESENTATIVE	0.50	Director	$0	$0	$0
LYNTTE BEHNKE	STATE REPRESENTATIVE	0.50	Director	$0	$0	$0
C LOGAN WHEELER	STATE REPRESENTATIVE	0.50	Director	$0	$0	$0
WHIYNEY WIEDEMAN	STATE REPRESENTATIVE	0.50	Director	$0	$0	$0
GREG FLOYD	STATE REPRESENTATIVE	0.50	Director	$0	$0	$0
GUNTER SCHWABE	USAGM REPRESENTATIVE	0.50	Director	$0	$0	$0
HEATHER PISHKO	STATE REPRESENTATIVE	0.50	Director	$0	$0	$0
KIMBERLY MCCLURE	STATE REPRESENTATIVE	0.50	Director	$0	$0	$0
ASEGIR SIGFUSSON	EXECUTIVE DIRECTOR	30.00	Officer	$235,886	$25,850	$261,736
FEMI OSHOBUKOLA	DIRECTOR OF FINANCE	30.00	Officer	$168,561	$9,177	$177,738
KIMBERLY SULLIVAN	DIRECTOR OF ADVOCACY	40.00	Highest	$177,272	$9,605	$186,877
SHARON PAPP	GENERAL COUNCEL	40.00	Highest	$236,876	$13,994	$250,870
NEERA PARIKH	SENIOR ATTORNEY	40.00	Highest	$165,488	$34,585	$200,073
SHAWN DORMAN	FSJ EDITOR & DIRECTOR	40.00	Highest	$165,152	$9,024	$174,176
RAEKA SAFAI	DEPUTY GENERAL COUNCEL	40.00	Highest	$191,951	$25,514	$217,465

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	$6,392,432	$6,462,293	$13,471,978	$-69,861
2023	$6,491,952	$6,141,690	$13,168,111	$350,262
2022	$5,443,327	$5,314,657	$12,876,583	$128,670
2021	$5,561,526	$5,008,433	$7,909,639	$553,093
2020	$4,999,710	$4,999,057	$7,230,461	$653
2019	$5,139,808	$4,678,405	$6,836,616	$461,403
2018	$4,674,011	$4,841,799	$5,810,618	$-167,788

AMERICAN FOREIGN SERVICE ASSOCIATION