PAYMENTSFIRST INC

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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

1973

Legal Domicile

Principal Officer

RICHARD G LEARY

Phone

6785283234

Tax Period

2023-01-01 to 2023-12-31

PAYMENTSFIRST INC, founded in 1973, is a community nonprofit that reported $3.4M in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $3.3M left a modest 5% surplus.

Mission

PROVIDE EDUCATION, SUPPORT, AND RISK AND COMPLIANCE SERVICES TO PROMOTE THE USE, ADVANCEMENT, AND UNDERSTANDING OF ELECTRONIC PAYMENTS.

Program Service Accomplishments

Program 1

Expenses: $1,021,637 Revenue: $699,192

EDUCATION- PAYMENTSFIRST PROVIDES EDUCATION SUPPORT TO FOSTER COMPLIANCE, ADVANCEMENT AND UNDERSTANDING OF ELECTRONIC PAYMENTS FOR THE BENEFIT OF INDUSTRY PARTICIPANTS AND THE PAYMENTS NETWORK.

Program 2

Expenses: $890,747 Revenue: $1,090,256

RISK AND COMPLIANCE- PAYMENTSFIRST PROMOTES GROWTH AND SECURE USE OF ELECTRONIC PAYMENTS THROUGH PROVIDING RESOURCES AND SUPPORT TO IDENTIFY AND CONTROL RISK AND ENSURE RULE AND REGULATORY COMPLIANCE...

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,484,083

Program Service Revenue $1,839,498

Investment Income $30,028

Other Revenue $73,631

TOTAL REVENUE $3,427,240

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,441,768

Fundraising Expenses $0

Program Expenses $2,111,207

Other Expenses $814,699

TOTAL EXPENSES $3,256,467

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,427,240	$3,135,021	+0.1%
Expenses	$3,256,467	$2,841,698	+0.1%
Net Income	$170,773	$293,323	-0.4%

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

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

$618,011

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID PETERSON	CHAIRMAN	1.00	Officer Director	$0	$0	$0
SCOTT WOODS	VICE CHAIR	1.00	Officer Director	$0	$0	$0
DAWN BRUMMETT	TREASURER	1.00	Officer Director	$0	$0	$0
GLEN CROSS	SECRETARY	1.00	Officer Director	$0	$0	$0
MARK ALTMAN	DIRECTOR	1.00	Director	$0	$0	$0
PAM DAVIS	DIRECTOR	1.00	Director	$0	$0	$0
JERRY SIEGEL	DIRECTOR	1.00	Director	$0	$0	$0
PAUL RAGLAND	DIRECTOR	1.00	Director	$0	$0	$0
GLORYANA NELSON	DIRECTOR	1.00	Director	$0	$0	$0
TONI DAVISSON	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN HERRINGTON	DIRECTOR	1.00	Director	$0	$0	$0
OLIVIA MACIEL	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS NOE	DIRECTOR	1.00	Director	$0	$0	$0
PAUL BERLING	DIRECTOR	1.00	Director	$0	$0	$0
RICH LEARY	CEO & PRESIDENT	40.00	Officer	$220,930	$0	$220,930
ALLEN YOUNG	VICE PRESIDENT	40.00	Officer	$127,257	$0	$127,257
CHAD FRANK	EVP RISK & COMPLIANCE	40.00	Officer	$150,220	$0	$150,220
JENNIFER STADLER	SVP EDUCATION & MEMEBER SUPPORT	40.00	Officer	$119,604	$0	$119,604
GAI CRAIG	EXECUTIVE VICE PRESIDENT	40.00		$206,381	$0	$206,381

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	No data	No data	No data	No data
2023	$3,427,240	$3,256,467	$2,939,522	$170,773
2022	$3,135,021	$2,841,698	$2,650,132	$293,323
2021	$3,006,351	$2,639,882	$2,506,758	$366,469
2020	$2,752,888	$2,755,791	$2,051,541	$-2,903
2019	$2,813,521	$2,719,881	$2,040,669	$93,640
2018	$2,628,644	$2,708,718	$3,163,435	$-80,074