FINANCIAL AND INTERNATIONAL BUSINE… - 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

1979

Legal Domicile

Principal Officer

DAVID SCHWARTZ

Phone

3055790086

Tax Period

2024-01-01 to 2024-12-31

FINANCIAL AND INTERNATIONAL BUSINESS ASSOCIATION INC, founded in 1979, is a community nonprofit that reported $3.6M in total revenue in fiscal year 2024. Revenue fell 52% from the prior year — a significant decline worth monitoring.

Mission

NON-PROFIT TRADE ASSOCIATION FOUNDED PRIMARILY TO SERVICE THE NEEDS OF BANKS AND FINANCIAL INSTITUTIONS ENGAGED IN INTERNATIONAL BUSINESS.

Program Service Accomplishments

Program 1

Expenses: $2,327,284 Revenue: $3,562,897

IN 2024, FIBA ORGANIZED ITS ANNUAL AML CONFERENCE WITH OVER 1,000 PARTICIPANTS AS WELL AS TRAINING MORE THAN 1,138 IN COMPLIANCE, CORRESPONDENT BANKING, AND SANCTIONS AMONGST OTHER PROGRAMS.

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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 $3,243,709

Investment Income $102,722

Other Revenue $216,466

TOTAL REVENUE $3,562,897

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,128,254

Fundraising Expenses $0

Program Expenses $2,327,284

Other Expenses $2,494,280

TOTAL EXPENSES $3,622,534

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,562,897	$7,350,613	-0.5%
Expenses	$3,622,534	$6,115,525	-0.4%
Net Income	$-59,637	$1,235,088	-1.0%

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

100

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

$297,650

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID SCHWARTZ	PRESIDENT &	40.00	Officer	$297,650	$0	$297,650
JUAN A SANZ DE ACEDO	CONTROLLER	40.00	Highest	$132,260	$0	$132,260
SOFIA VILLALOBOS	ACADEMY DIRE	40.00	Highest	$144,829	$0	$144,829
ALFONSO GARCIA	DIRECTOR	1.00	Director	$0	$0	$0
ROBERTO GATICA	DIRECTOR	1.00	Director	$0	$0	$0
STANLEY FOODMAN	DIRECTOR	1.00	Director	$0	$0	$0
DANIEL GUTIERREZ	DIRECTOR	1.00	Director	$0	$0	$0
IVAN GARCES	DIRECTOR	1.00	Director	$0	$0	$0
MICHELE FERNANDEZ-DANIEL	DIRECTOR	1.00	Director	$0	$0	$0
WAYNE SHAH	DIRECTOR	1.00	Director	$0	$0	$0
PATRICIA HERNANDEZ	DIRECTOR	1.00	Director	$0	$0	$0
ALEJANDRO PEREYRA	DIRECTOR	1.00	Director	$0	$0	$0
LUIS NAVAS	DIRECTOR	1.00	Director	$0	$0	$0
JAIRO NAMUR	DIRECTOR	1.00	Director	$0	$0	$0
LUIS PAVIA	DIRECTOR	1.00	Director	$0	$0	$0
MONICA VAZQUEZ	DIRECTOR	1.00	Director	$0	$0	$0
TERESA FOXX	DIRECTOR	1.00	Director	$0	$0	$0
PABLO VALLEJO	DIRECTOR	1.00	Director	$0	$0	$0
JORDI TORRAS	DIRECTOR	1.00	Director	$0	$0	$0
STEPHANIE PALMER	DIRECTOR	1.00	Director	$0	$0	$0
SUSANA SIERRA	DIRECTOR	1.00	Director	$0	$0	$0
JULIO ROJAS	DIRECTOR	1.00	Director	$0	$0	$0
CANDICE HUGGINS	DIRECTOR	1.00	Director	$0	$0	$0
JUAN RAMIREZ	DIRECTOR	1.00	Director	$0	$0	$0
FERNANDO CAPABLANCA	DIRECTOR	1.00	Director	$0	$0	$0
ANDRES ROSHARDT	DIRECTOR	1.00	Director	$0	$0	$0
JORGE MIRO	DIRECTOR	1.00	Director	$0	$0	$0
VINCENT RANIERE	DIRECTOR	1.00	Director	$0	$0	$0
EDGAR OSUNA	DIRECTOR	1.00	Director	$0	$0	$0
CARLOS CHAZ MARTINEZ	DIRECTOR	1.00	Director	$0	$0	$0
MARIA A RUIZ DE SOMOCURCIO	DIRECTOR	1.00	Director	$0	$0	$0
SISSY OLIVER	DIRECTOR	1.00	Director	$0	$0	$0
DANIELLE TARASEN	DIRECTOR	1.00	Director	$0	$0	$0
PATRICIO PEREZ	DIRECTOR	1.00	Director	$0	$0	$0
GUILLERMO HORTA MONTES	DIRECTOR	1.00	Director	$0	$0	$0
GERMANA CRUZ	DIRECTOR	1.00	Director	$0	$0	$0
HARRY PAUL CUPPA	DIRECTOR	1.00	Director	$0	$0	$0
JUAN AZEL	DIRECTOR	1.00	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
2024	$3,562,897	$3,622,534	$4,263,424	$-59,637
2023	$7,350,613	$6,115,525	$4,110,459	$1,235,088
2022	$4,427,627	$3,949,085	$2,346,403	$478,542
2022	$594,412	$1,024,718	$3,403,167	$-430,306
2021	$3,357,810	$2,458,935	$2,194,903	$898,875
2020	$5,778,417	$5,943,669	$2,329,745	$-165,252
2019	$3,974,985	$4,615,850	$3,111,548	$-640,865
2018	$7,288,655	$7,361,911	$1,753,591	$-73,256

FINANCIAL AND INTERNATIONAL BUSINESS ASSOCIATION INC