Federal Bar Association

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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

1920

Legal Domicile

Principal Officer

Stacy King

Phone

5714819100

Tax Period

2024-10-01 to 2025-09-30

Federal Bar Association, founded in 1920, is a community nonprofit that reported $5.2M in total revenue in fiscal year 2024.

Mission

The mission of the Association is to strengthen the federal legal system and administration of justice by serving the interests and the needs of the federal practitioner, both public and private, the federal judiciary and the public they serve.

Program Service Accomplishments

Program 1

Indian Law Conference: Conference provides the organization's members and nonmembers with opportunities for continuing legal education and professional growth in the legal field. The program...

Indian Law Conference: Conference provides the organization's members and nonmembers with opportunities for continuing legal education and professional growth in the legal field. The program concentrates on federal Indian law.

Program 2

Insurance Tax Seminar: Conference provides the organization's members and nonmembers with opportunities for continuing legal education and professional growth in the legal field. The program...

Insurance Tax Seminar: Conference provides the organization's members and nonmembers with opportunities for continuing legal education and professional growth in the legal field. The program concentrates on law regarding insurance tax.

Program 3

Annual Meeting and Convention: Conference provides the organization's members and nonmembers with opportunities for continuing legal education and professional growth in the legal field. Annual...

Annual Meeting and Convention: Conference provides the organization's members and nonmembers with opportunities for continuing legal education and professional growth in the legal field. Annual business meetings of the association also take place.

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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 $0

Program Service Revenue $4,716,266

Investment Income $408,352

Other Revenue $39,731

TOTAL REVENUE $5,164,349

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,348,905

Fundraising Expenses $0

Other Expenses $3,732,490

TOTAL EXPENSES $5,081,395

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,164,349	$5,027,266	+0.0%
Expenses	$5,081,395	$4,798,706	+0.1%
Net Income	$82,954	$228,560	-0.6%

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

250

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

$312,626

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Glen McMurry	President	5.00	Officer Director	$0	$0	$0
Hon Karoline Mehalchick	President-Elect	1.00	Officer Director	$0	$0	$0
Kevin Maxim	Treasurer	1.00	Officer Director	$0	$0	$0
Hon Alison Bachus	Director	1.00	Director	$0	$0	$0
Maura Black	Director	1.00	Director	$0	$0	$0
Lauren Caisman	Director	1.00	Director	$0	$0	$0
Joseph Feldstein	Director	1.00	Director	$0	$0	$0
Darrel Gardner	Director	1.00	Director	$0	$0	$0
Dina Miller	Director	1.00	Director	$0	$0	$0
Nathan Olin	Director	1.00	Director	$0	$0	$0
Michele Otero Valdez	Director	1.00	Director	$0	$0	$0
Michael Vitale	Director	1.00	Director	$0	$0	$0
Stacy King	Chief Executive Officer	40.00	Officer	$295,527	$17,099	$312,626
Ruby Yvonne Cockram	Chief Program Officer	40.00	Highest	$137,285	$13,112	$150,397

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
2025	$5,164,349	$5,081,395	$13,231,588	$82,954
2024	$5,027,266	$4,798,706	$11,116,739	$228,560
2023	$10,603,357	$4,892,538	$9,909,837	$5,710,819
2022	$3,875,211	$4,131,113	$3,384,235	$-255,902
2021	$3,503,035	$3,232,215	$5,138,054	$270,820
2020	$3,575,537	$3,316,374	$3,502,700	$259,163
2019	$4,257,725	$4,602,628	$3,168,607	$-344,903
2018	$4,310,106	$4,546,985	$3,597,787	$-236,879