FINANCIAL TECHNOLOGY ASSOCIATION

EIN: 853790227 Community Improvement

CHANTILLY, VA

Total Revenue
$2,237,585
Total Expenses
$2,395,975
Total Assets
$2,055,092
Net Assets
$317,926
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
2020
Legal Domicile
VA
Principal Officer
PENNY LEE
Phone
2025948014
Tax Period
2023-01-01 to 2023-12-31

FINANCIAL TECHNOLOGY ASSOCIATION, founded in 2020, is a community nonprofit in the Community Improvement sector that reported $1.2M in total revenue in fiscal year 2021. Revenue surged 1148% from the prior year, signaling strong growth momentum. The organization ran a surplus of $442K, a strong 35% operating margin.

Mission

EDUCATE CONSUMERS, REGULATORS, POLICYMAKERS AND INDUSTRY STAKEHOLDERS ON THE VALUE OF TECHNOLOGY-CENTERED FINANCIAL SERVICES AND ADVOCATE FOR MODERNIZATION OF FINANCIAL REGULATION.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $2,210,000
Program Service Revenue $0
Investment Income $27,585
Other Revenue $0
TOTAL REVENUE $2,237,585

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,408,641
Fundraising Expenses $0
Program Expenses $1,914,866
Other Expenses $987,334
TOTAL EXPENSES $2,395,975

Year-over-Year Comparison

2023 2022 Change
Revenue $2,237,585 $1,867,694 +0.2%
Expenses $2,395,975 $1,883,097 +0.3%
Net Income $-158,390 $-15,403 +9.3%
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

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Governance

Voting Members
22
Independent Members
21
Employees
4
Volunteers
50

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
6
$661,743
Total Directors
22
$661,743
Key Employees
1
$661,743
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LEIGH LYTLE CHAIR(PART YEAR) 1.00
Officer Director
$0 $0 $0
TOM MANATOS CHAIR (PART YEAR) 1.00
Officer Director
$0 $0 $0
BRIAN PETERS TREASURER 1.00
Officer Director
$0 $0 $0
PENNY LEE CEO/PRESIDENT 50.00
Officer Director Key Emp
$625,000 $36,743 $661,743
TEDDY FLO VICE CHAIR 1.00
Officer Director
$0 $0 $0
MEREDITH FUCHS SECRETARY 1.00
Officer Director
$0 $0 $0
ADAM LESMAN DIRECTOR 1.00
Director
$0 $0 $0
SIGAL MANDELKER DIRECTOR 1.00
Director
$0 $0 $0
MICHELLE STATON DIRECTOR 1.00
Director
$0 $0 $0
JEREMY MOOREHOUSE DIRECTOR 1.00
Director
$0 $0 $0
SARAH PAUL DIRECTOR 1.00
Director
$0 $0 $0
JOSY SOUSSAN DIRECTOR 1.00
Director
$0 $0 $0
DANIELLE AVILES DIRECTOR 1.00
Director
$0 $0 $0
MEREDITH GRAUER DIRECTOR 1.00
Director
$0 $0 $0
PRIYA SANGER DIRECTOR 1.00
Director
$0 $0 $0
JEFF STOLZFOOS DIRECTOR 1.00
Director
$0 $0 $0
BRIGIT CARROLL DIRECTOR 1.00
Director
$0 $0 $0
PARRIS SANZ DIRECTOR 1.00
Director
$0 $0 $0
MATT CAMERON DIRECTOR 1.00
Director
$0 $0 $0
NICK CATINO DIRECTOR 1.00
Director
$0 $0 $0
ABHI RAGHUNATHAN DIRECTOR 1.00
Director
$0 $0 $0
MIRAE YANG 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 No data No data No data No data
2023 $2,237,585 $2,395,975 $2,055,092 $-158,390
2022 $1,867,694 $1,883,097 $2,006,399 $-15,403
2021 $1,247,500 $805,270 $1,872,808 $442,230
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