THE ESOP ASSOCIATION

EIN: 942478143

WASHINGTON, DC

Total Revenue
$9,729,069
Total Expenses
$9,475,613
Total Assets
$6,482,421
Net Assets
$962,535
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1978
Legal Domicile
CA
Principal Officer
JAMES J BONHAM
Phone
2022932971
Tax Period
2023-01-01 to 2023-12-31

THE ESOP ASSOCIATION, founded in 1978, is a community nonprofit that reported $9.7M in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion.

Mission

THE ESOP ASSOCIATION REPRESENTS THE INTERESTS OF ALL CORPORATIONS THAT SPONSOR EMPLOYEE STOCK OWNERSHIP PLANS, OR ESOPS. THE ESOP ASSOCIATION PROVIDES ADVOCACY AND EDUCATIONAL SERVICES ON BEHALF OF ITS MEMBERS. CORPORATE MEMBERSHIP IN THE ESOP ASSOCIATION IS OPEN TO ALL ESOP COMPANIES; MEMBERS ARE CLOSELY HELD BUSINESSES, AND INCLUDE BOTH C AND S CORPORATIONS, ACROSS ALL INDUSTRIES.

Program Service Accomplishments

Program 1

CONFERENCES, WEBINARS, AND ROUNDTABLES: OVER 9000 PERSONS, MOSTLY EMPLOYEES OF ASSOCIATION MEMBERS, ATTENDED FOUR NATIONAL CONFERENCES, OVER 70 LOCAL, STATE, AND REGIONAL ROUNDTABLES, SEMINARS, AND...

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CONFERENCES, WEBINARS, AND ROUNDTABLES: OVER 9000 PERSONS, MOSTLY EMPLOYEES OF ASSOCIATION MEMBERS, ATTENDED FOUR NATIONAL CONFERENCES, OVER 70 LOCAL, STATE, AND REGIONAL ROUNDTABLES, SEMINARS, AND CONFERENCES IN 2023. THESE GATHERINGS FOCUSED PRIMARILY ON MANAGEMENT AND LEADERSHIP LEARNING TO IMPROVE CORPORATE MEMBERS' OWNERSHIP CULTURE THAT RESEARCH AND DATA INDICATES LEADS TO MORE PRODUCTIVE AND PROFITABLE EMPLOYEE-OWNED COMPANIES. SECONDARILY, THE EDUCATION FOCUSED ON THE MANY LAWS AND REGULATIONS, JUDICIAL RULINGS THAT MUST BE COMPLIED WITH BY CORPORATIONS SPONSORING AN EMPLOYEE STOCK OWNERSHIP PLAN.

Program 2

MEMBERSHIP: APPROXIMATELY 3,000 MEMBERS ARE PROVIDED INFORMATION ABOUT DEVELOPMENTS WITH REGARD TO FEDERAL GOVERNMENT LEGISLATIVE, REGULATORY, AND JUDICIAL ACTIVITIES DIRECTLY IMPACTING THE OPERATION...

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MEMBERSHIP: APPROXIMATELY 3,000 MEMBERS ARE PROVIDED INFORMATION ABOUT DEVELOPMENTS WITH REGARD TO FEDERAL GOVERNMENT LEGISLATIVE, REGULATORY, AND JUDICIAL ACTIVITIES DIRECTLY IMPACTING THE OPERATION AND CREATION OF ESOPS BY U.S. CORPORATIONS, VIA WRITTEN MATERIALS, SOCIAL MEDIA, AND WEBSITE POSTINGS. THE ASSOCIATION STAFF PROVIDES PRESENTATIONS TO THE MANY CONFERENCES AND MEETINGS NOTED IN 4A ABOVE. THE ASSOCIATION SELLS WRITTEN MATERIALS, AND ELECTRONIC MATERIALS ON THE OPERATION OF ESOPS IN A MANNER THAT IMPROVES CORPORATE PERFORMANCE, AND COMPLIES WITH LAW AND REGULATIONS. A MEMBERSHIP DIRECTORY IS PROVIDED THAT INCLUDES PROFESSIONALS WHO PROVIDE UNIQUE SERVICES TO CORPORATIONS SPONSORING ESOPS, A LISTING OF CORPORATE MEMBERS, BY STATE, AND BY LINE OF BUSINESS.

Program 3

GOVERNMENT RELATIONS: IN ACCORD WITH ITS (C)(6) STATUS, THE ASSOCIATION PROVIDES REPRESENTATION SERVICES TO ITS MEMBERS, OR LOBBYING SERVICES, BY INTERACTING WITH ITS MEMBERS TO EXPRESS THEIR...

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GOVERNMENT RELATIONS: IN ACCORD WITH ITS (C)(6) STATUS, THE ASSOCIATION PROVIDES REPRESENTATION SERVICES TO ITS MEMBERS, OR LOBBYING SERVICES, BY INTERACTING WITH ITS MEMBERS TO EXPRESS THEIR POSITIONS ON LEGISLATION AND REGULATIONS THAT IMPACT, OR MAY IMPACT ESOP OPERATIONS AND CREATION, AND BY INTERACTING WITH OFFICES OF CONGRESS, CERTAIN REGULATORY AGENCIES, PRIMARILY THE IRS AND DEPARTMENT OF LABOR, AND ON OCCASION BY FILING AMICUS BRIEFS IN SIGNIFICANT LAWSUITS THAT MAY IMPACT ESOP OPERATION AND CREATION.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $9,240,132
Investment Income $58,901
Other Revenue $430,036
TOTAL REVENUE $9,729,069

Expense Breakdown

Grants Paid $0
Salaries & Benefits $3,464,474
Fundraising Expenses $0
Other Expenses $6,011,139
TOTAL EXPENSES $9,475,613

Year-over-Year Comparison

2023 2022 Change
Revenue $9,729,069 $8,572,753 +0.1%
Expenses $9,475,613 $8,810,694 +0.1%
Net Income $253,456 $-237,941 -2.1%
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
11
Independent Members
11
Employees
19
Volunteers
150

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
$583,863
Total Directors
14
$0
Key Employees
0
$0
Highest Compensated
4
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JAMES BONHAM PRESIDENT & CEO 35.00
Officer
$482,163 $32,820 $583,863
KRISTIE MARK CHIEF OPERATING OFFICER 30.00
Highest
$229,566 $35,601 $341,689
DANIEL MARCUE CHAPTER DEVELOPMENT 40.00
Highest
$233,490 $49,149 $282,639
GREG FACCHIANO VP GIVT RELATIONS AND PUBLIC AFFAIRS 40.00
Highest
$210,936 $43,992 $254,928
AMANDA RUSHING VP OF EVENTS & EDUCATION 40.00
Highest
$154,204 $46,735 $200,939
KAREN ELLIS CHAIR - AS OF 4/2023 1.00
Officer Director
$0 $0 $0
DERRICK VICK VICE CHAIR - AS OF 4/2023 1.00
Officer Director
$0 $0 $0
ALI JAMSHIDI IMMEDIATE PAST CHAIR - AS OF 4/2023 1.00
Officer Director
$0 $0 $0
GARY SHORMAN IMMEDIATE PAST CHAIR - UNTIL 4/2023 1.00
Officer Director
$0 $0 $0
CINDY TURCOT IMMEDIATE PAST CHAIR EOF - UNTIL 4/2023 1.00
Officer Director
$0 $0 $0
STEVE EARLE SECRETARY/TREASURER - AS OF 4/2023 1.00
Officer Director
$0 $0 $0
CARA BENNINGFIELD PROFESSIONAL MEMBER AT LARGE 1.00
Director
$0 $0 $0
DAVID FITZ-GERALD CHAIR EMPLOYEE OWNERSHIP FOUNDATION 1.00
Director
$0 $0 $0
DANIEL GOLDSTEIN AT LARGE BOARD MEMBER 1.00
Director
$0 $0 $0
BRAIN IPPENSEN AT LARGE BOARD MEMBER - UNTIL 4/2023 1.00
Director
$0 $0 $0
PETER A NEY CHAIR PUBLIC POLICY 1.00
Director
$0 $0 $0
ROBYN POLLINA AT LARGE BOARD MEMBER 1.00
Director
$0 $0 $0
BECKY STREFF CHAIR CRCC 1.00
Director
$0 $0 $0
LORI STUART CHAIR ADVISORY 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 $9,729,069 $9,475,613 $6,482,421 $253,456
2022 $8,572,753 $8,810,694 $5,217,535 $-237,941
2021 $6,835,411 $6,766,207 $3,829,140 $69,204
2020 $4,768,196 $4,485,763 $3,309,253 $282,433
2019 $7,002,608 $7,544,412 $3,275,320 $-541,804
2018 $6,388,417 $6,563,860 $2,836,938 $-175,443
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