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
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

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 $2.2M in total revenue in fiscal year 2023. Revenue grew 20% year-over-year, indicating healthy expansion.

Mission

EDUCATE CONSUMERS, REGULATORS, POLICYMAKERS, AND INDUSTRY STAKEHOLDERS ON THE VALUE OF TECHNOLOGY-CENTERED FINANCIAL SERVICES AND ADVOCATE FOR THE MODERNIZATION OF FINANCIAL REGULATION TO SUPPORT INCLUSION AND INNOVATION TO ADVANCE THE DEVELOPMENT OF TRUSTED, DIGITAL FINANCIAL MARKETS AND SERVICES.

Program Service Accomplishments

Program 1
Expenses: $1,914,866

FTA EDUCATED AND INFORMED POLICY-MAKERS AND THE PUBLIC ON ISSUES RELATED TO TECHNOLOGY-CENTERED FINANCIAL SERVICES. IT ACCOMPLISHED THIS THROUGH DRAFTING A COMPREHENSIVE WHITE PAPER, COMMENT LETTERS...

Read more

FTA EDUCATED AND INFORMED POLICY-MAKERS AND THE PUBLIC ON ISSUES RELATED TO TECHNOLOGY-CENTERED FINANCIAL SERVICES. IT ACCOMPLISHED THIS THROUGH DRAFTING A COMPREHENSIVE WHITE PAPER, COMMENT LETTERS, PRESS RELEASES, MEDIA RELATIONS, ENGAGING POLICYMAKERS, ATTENDING CONFERENCES, SPEAKING ON PANELS, AND GROWING MEMBERSHIP.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

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

Sign In — Free (10 views/day)

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
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

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
Explore More Nonprofits
→Top 100 Nonprofits in Virginia →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare FINANCIAL TECHNOLOGY ASSOCIATION with other nonprofits in Virginia and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.