THE SOCIETY FOR FINANCIAL STUDIES (EIN 954143302) - Form 990 Financial Analysis & Trantor Score

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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

1988

Legal Domicile

Principal Officer

WEI JIANG

Tax Period

2023-01-01 to 2023-12-31

THE SOCIETY FOR FINANCIAL STUDIES, founded in 1988, is a community nonprofit in the Education sector that reported $1.2M in total revenue in fiscal year 2023. Expenses of $1.4M exceeded revenue, resulting in a 20% operating deficit.

Mission

SFS IS A GLOBAL, NONPROFIT ACADEMIC FINANCE SOCIETY THAT EDITS AND PUBLISHES THREE TOP ACADEMIC JOURNALS IN FINANCE. THE ORGANIZATION ALSO HOSTS ACADEMIC CONFERENCES IN FINANCE AND AWARDS GRANTS AND PRIZES.

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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 $0

Program Service Revenue $1,086,214

Investment Income $103,914

Other Revenue $0

TOTAL REVENUE $1,190,128

Expense Breakdown

Grants Paid $90,846

Salaries & Benefits $310,985

Fundraising Expenses $400

Program Expenses $1,348,748

Other Expenses $1,025,830

TOTAL EXPENSES $1,427,661

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,190,128	$1,220,921	0.0%
Expenses	$1,427,661	$1,135,559	+0.3%
Net Income	$-237,533	$85,362	-3.8%

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

$31,650

Total Directors

$31,650

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LALITHA NAVEEN	SECRETARY/TR	8.00	Officer Director	$31,650	$0	$31,650
WEI JIANG	PRESIDENT	3.00	Officer Director	$0	$0	$0
YISHAY YAFEH	VICE PRESIDE	3.00	Officer Director	$0	$0	$0
RENEE ADAMS	CHAIR, SFS C	3.00	Director	$0	$0	$0
ALON BRAV	MEMBER, SFS	1.00	Director	$0	$0	$0
KAI LI	MEMBER, SFS	1.00	Director	$0	$0	$0
LIYAN YANG	MEMBER, SFS	1.00	Director	$0	$0	$0
PAOLA SAPIENZA	MEMBER, SFS	1.00	Director	$0	$0	$0
ALLAUDEEN HAMEED	MEMBER, SFS	1.00	Director	$0	$0	$0
KARIN THORBURN	MEMBER, SFS	1.00	Director	$0	$0	$0
CAROLA FRYDMAN	MEMBER, SFS	1.00	Director	$0	$0	$0
ALEXANDRA NIESSEN-RUENZI	MEMBER, SFS	1.00	Director	$0	$0	$0
JONATHAN KARPOFF	MEMBER, SFS	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	$1,190,128	$1,427,661	$10,367,420	$-237,533
2022	$1,220,921	$1,135,559	$8,896,085	$85,362
2021	$1,203,829	$1,305,769	$10,269,539	$-101,940
2020	$1,195,936	$944,987	$9,143,703	$250,949
2019	$1,111,296	$1,016,194	$7,801,569	$95,102
2018	$1,196,482	$1,003,251	$6,416,702	$193,231

THE SOCIETY FOR FINANCIAL STUDIES