Asset Trader

Nonprofit profile at a glance

EIN
454464864
IRS 990 coverage
2013–2015
Forms available
Form 990 2015
Location
Raleigh, NC, USA
Phone
9198217700
Rating
67
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Professional Societies, Associations

Reported finances

Revenue
$3,909,513
Expenses
$872,162
Assets
$11,376,472
Liabilities
$3,746,851

Source: IRS Form 990. Selected filing: tax year 2015. Amounts in USD.

Leadership & pay

4 people listed

Executive titles in this filing

  • Anthony Wayne March (CEO)

Highest reported compensation

  • Anthony Wayne March (CEO): $60,750 total reported compensation
  • Charles Roger Newman (Board Member): $40,800 total reported compensation
  • Valarie Boyd (Board Member): $36,000 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2015. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

See schedule O

What it reported doing in 2015

Asset Trader (F/K/A the CGA Exchange) is an IRS approved section 501 (C)(3) Non-Profit, public charity whose function is to educate and credential (as an approved IRS CE provider) professional advisors (attorneys, CPAs, M&A advisors, business brokers, financial advisors, insurance agents, real estate professionals, etc) and to serve as a compliant asset exchange platform to legally convert, through philantropic planned giving, a donor's trapped, illiquid assets (businesses, real estate, investment portfolios, life insurance policies, etc) to more tax advantaged, identity, asset, and estate protected income for life through the use of various planned giving structures. Asset Trader is also a registered and approved IRS continuing education (CE) provider credentialing professional planners through the professional designation known as the CETA (Certified Exit & Transition Advisor).

Operating model

Revenue model
Donor-supported. 94% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 37
  • Transparency & Controls: 92
  • Accountability: 77
  • Sustainability: 80
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 17.4%; rating input score 17
  • Program expense ratio: 83.6%; rating input score 84
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 65th percentile among comparable filings
  • Governance controls: 4 of 9 controls in place; rating input score 44
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 77.7%; rating input score 98; 98th percentile among comparable filings
  • Total-asset coverage ratio: 13.04; rating input score 94; 94th percentile among comparable filings
  • Liabilities to assets ratio: 0.33; rating input score 39; 39th percentile among comparable filings
  • Officer compensation ratio: 16%; rating input score 12; 12th percentile among comparable filings

Growth

  • Program expense growth: 54% per year; rating input score 100; 96th percentile among comparable filings
  • Revenue growth: 95.4% per year; rating input score 100; 99th percentile among comparable filings
  • Asset growth: 82% per year; rating input score 100; 99th percentile among comparable filings

Details

  • Where the money goes: 17.4% of revenue deployed · 83.6% of spending went to programs
  • Governance: 4 of 4 board members independent · 4 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $729K in reported program spending
  • Leadership: top reported pay $61K · 4 people listed
  • Consistency: 28 of 28 current checks pass
  • Schedules: 6 filed schedules · includes major donors
  • Filing history: 3 filing years from 2013 to 2015
  • Contacts: How to reach this organization
  • Money network: 7 filed money-flow records
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Financial Efficiency: Mission deployment rate scored 17/100.
  • Moderate — Accountability: Governance controls: 4 of 8 not reported.
  • High — Sustainability: Officer compensation ratio scored 12/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 39/100.