Association for Financial Professionals

EIN: 581424769

ROCKVILLE, MD

Total Revenue
$21,479,373
Total Expenses
$21,748,156
Total Assets
$29,647,623
Net Assets
$11,966,467
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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
1980
Legal Domicile
MD
Principal Officer
JEFF GLENZER
Phone
3019618863
Tax Period
2022-07-01 to 2023-06-30

Association for Financial Professionals, founded in 1980, is a mid-sized nonprofit that reported $21.5M in total revenue in fiscal year 2022.

Mission

AFP'S MISSION IS TO DRIVE THE FUTURE OF FINANCE AND TREASURY AND DEVELOP THE LEADERS OF TOMORROW THROUGH CERTIFICATION, TRAINING, AND THE PREMIER EVENT FOR TREASURY AND FINANCE AND TO BE THE PREFERRED GLOBAL RESOURCE AND ADVOCATE FOR THE FINANCE PROFESSION.

Program Service Accomplishments

Program 1

PROFESSIONAL DEVELOPMENT: INCLUDES CERTIFICATION AND EDUCATION. THE CERTIFIED TREASURY PROFESSIONAL (CTP) EXAM WAS ADMINISTERED TO APPROXIMATELY 2,300 CANDIDATES AND 450 CERTIFIED CORPORATE FINANCIAL...

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PROFESSIONAL DEVELOPMENT: INCLUDES CERTIFICATION AND EDUCATION. THE CERTIFIED TREASURY PROFESSIONAL (CTP) EXAM WAS ADMINISTERED TO APPROXIMATELY 2,300 CANDIDATES AND 450 CERTIFIED CORPORATE FINANCIAL PLANNING AND ANALYSIS (FP&A) EXAM PARTS WERE DELIVERED. IN ADDITION, APPROXIMATELY 2,900 CTPS AND 230 FP&AS, WHO MET THE REQUIREMENT FOR CONTINUING PROFESSIONAL EDUCATION CREDITS OVER A THREE-YEAR PERIOD, WERE RECERTIFIED. EDUCATION: CONDUCTED WORKSHOPS, WEBINARS AND SEMINARS ON A VARIETY OF TOPICS IN CORPORATE FINANCE.

Program 2

ANNUAL CONFERENCE: PREMIER NETWORKING AND EDUCATIONAL EVENT INCLUDING MORE THAN 140 WORKSHOPS, PEER REVIEWED LECTURES, AND PRESENTATIONS ON CORPORATE FINANCIAL MANAGEMENT TOPICS SUCH AS TREASURY AND...

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ANNUAL CONFERENCE: PREMIER NETWORKING AND EDUCATIONAL EVENT INCLUDING MORE THAN 140 WORKSHOPS, PEER REVIEWED LECTURES, AND PRESENTATIONS ON CORPORATE FINANCIAL MANAGEMENT TOPICS SUCH AS TREASURY AND CASH, BANK RELATIONSHIPS, LIQUIDITY, WORKING CAPITAL, PAYMENTS, FINANCIAL PLANNING AND ANALYSIS, AND PENSION AND EMPLOYEE PLANS. ATTENDANCE AT THE CONFERENCE WAS APPROXIMATELY 3,450 CORPORATE PRACTITIONERS, ASSOCIATES, AND ACADEMICS.

Program 3

COMMUNICATIONS: PUBLISHED A WEEKLY MEMBERSHIP NEWSLETTER, TWO MONTHLY NEWSLETTERS AND ONE ISSUE OF EXCHANGE MAGAZINE WITH TOPICS COVERING ECONOMICS, CORPORATE PAYMENTS, RISK AND FINANCIAL MANAGEMENT...

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COMMUNICATIONS: PUBLISHED A WEEKLY MEMBERSHIP NEWSLETTER, TWO MONTHLY NEWSLETTERS AND ONE ISSUE OF EXCHANGE MAGAZINE WITH TOPICS COVERING ECONOMICS, CORPORATE PAYMENTS, RISK AND FINANCIAL MANAGEMENT, CAREER DEVELOPMENT, AND LEGAL AND REGULATORY DEVELOPMENTS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $21,189,460
Investment Income $288,333
Other Revenue $1,580
TOTAL REVENUE $21,479,373

Expense Breakdown

Grants Paid $0
Salaries & Benefits $10,628,538
Fundraising Expenses $0
Program Expenses $0
Other Expenses $11,119,618
TOTAL EXPENSES $21,748,156

Year-over-Year Comparison

2022 2021 Change
Revenue $21,479,373 $20,420,491 +0.1%
Expenses $21,748,156 $20,417,379 +0.1%
Net Income $-268,783 $3,112 -87.4%
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
15
Independent Members
15
Employees
57
Volunteers
425

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
7
$2,410,082
Total Directors
16
$0
Key Employees
2
$644,388
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JAMES KAITZ PRESIDENT, CEO 50.0
Officer
$1,068,166 $55,605 $1,123,771
HIMASHI SORIANO DIRECTOR - APAC 40.0
Highest
$502,912 $92,804 $595,716
JEFF GLENZER EXECUTIVE VP, COO 50.0
Officer
$418,053 $62,661 $480,714
PATRICK CULKIN EXECUTIVE VP 50.0
Officer
$417,251 $62,667 $479,918
FRANCINE HOPE-PRESSLEY CHIEF FINANCIAL OFFICER 50.0
Officer
$279,717 $45,962 $325,679
GALINA KOZACHENKO MD - STRATEGY, ANALYTICS, TECH 50.0
Key Emp
$271,946 $51,925 $323,871
MELISSA RAWAK MD - MEMBERSHIP, MKTG, EVENTS 50.0
Key Emp
$278,756 $41,761 $320,517
KEVIN BOYLE DIR - ACCESS SALES 40.0
Highest
$245,382 $40,983 $286,365
BRYAN LAPIDUS DIRECTOR, FP&A 40.0
Highest
$224,028 $37,797 $261,825
BINIAM DAWIT DIR - TRAINING PROGRAMS 40.0
Highest
$205,879 $38,878 $244,757
DIANE HARRIS DIR - IT & PROJECT MGMT OFFICE 40.0
Highest
$201,970 $19,852 $221,822
MICHAEL HIGH FPAC CHAIRMAN 5.0
Officer Director
$0 $0 $0
GINA COLLIS CTP VICE CHAIR 5.0
Officer Director
$0 $0 $0
GEETANJALI TANDON VICE CHAIR 5.0
Officer Director
$0 $0 $0
TERRY CRAWFORD CTP SPECIAL COUNSEL TO THE BOD 5.0
Director
$0 $0 $0
JEFF ALTMAN DIRECTOR 5.0
Director
$0 $0 $0
TRACY BUTLER CTP DIRECTOR 5.0
Director
$0 $0 $0
JOEL CAMPBELL DIRECTOR 5.0
Director
$0 $0 $0
ERIC ELLIS DIRECTOR 5.0
Director
$0 $0 $0
SUSAN GLASS CTP DIRECTOR 5.0
Director
$0 $0 $0
TERRI MIMMS CTP FPAC DIRECTOR 5.0
Director
$0 $0 $0
SASSAN PARANDEH CTP DIRECTOR 5.0
Director
$0 $0 $0
TAMARA SARONT-EISNER CTP DIRECTOR 5.0
Director
$0 $0 $0
FRED SCHACKNIES CTP DIRECTOR 5.0
Director
$0 $0 $0
GAILEON THOMPSON CTP FPAC DIRECTOR 5.0
Director
$0 $0 $0
MEREDITH VANCE CTP DIRECTOR 5.0
Director
$0 $0 $0
MAY VANG CTP DIRECTOR 5.0
Director
$0 $0 $0
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 No data No data No data No data
2024 No data No data No data No data
2023 $21,479,373 $21,748,156 $29,647,623 $-268,783
2022 $20,420,491 $20,417,379 $26,607,143 $3,112
2021 $15,069,162 $17,434,397 $30,134,135 $-2,365,235
2020 $23,575,445 $21,809,118 $30,753,315 $1,766,327
2019 $25,314,503 $23,825,649 $33,043,455 $1,488,854
2018 $24,667,158 $23,214,106 $31,509,558 $1,453,052
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