Electronic Funds Transfer Association
Nonprofit profile at a glance
- EIN
- 521123342
- IRS 990 coverage
- 2011–2016
- Forms available
- Form 990 2016
- Location
- Fairfax, VA, USA
- Phone
- 5713185556
- Rating
- 42
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Alliance/Advocacy
Reported finances
- Revenue
- $724,853
- Expenses
- $745,353
- Assets
- $213,490
- Liabilities
- $356,937
Source: IRS Form 990. Selected filing: tax year 2016. Amounts in USD.
Leadership & pay
22 people listed
Executive titles in this filing
- H Kurt Helwig (President & CEO)
Highest reported compensation
- H Kurt Helwig (President & CEO): $214,800 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2016. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To objectively advance electronic payments and ecommerce. Inform the public and private sectors and keep EFTA stakeholders apprised of the business impacts of payments related legislative and regulatory initiatives.
What it reported doing in 2016
Meetings and conferences devoted to industry issues and emerging trends and applications in the electronic transfer industry.
Operating model
- Revenue model
- Earned-program. 100% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
MIXED - 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 a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 0
- Transparency & Controls: 82
- Accountability: 72
- Sustainability: 19
- Growth: 40
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 0%; rating input score 0
- Program expense ratio: 0%; rating input score 0
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
- Pay-setting controls: 3 of 6 controls in place; rating input score 50
- Compensation committee: Pass
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 95.8%; rating input score 96; 26th percentile among comparable filings
- Governance controls: 3 of 8 controls in place; rating input score 38
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: Pass
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Fail
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: -2.8%; rating input score 28; 28th percentile among comparable filings
- Total-asset coverage ratio: 0.29; rating input score 15; 15th percentile among comparable filings
- Liabilities to assets ratio: 1.67; rating input score 3; 3rd percentile among comparable filings
- Officer compensation ratio: 28.8%; rating input score 6; 6th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: 0% per year; rating input score 100; 27th percentile among comparable filings
- Asset growth: -2.2% per year; rating input score 0; 22nd percentile among comparable filings
Details
- Where the money goes: 0% of revenue deployed · 0% of spending went to programs
- Governance: 23 of 24 board members independent · 3 of 8 filing controls reported
- Programs: 3 filed program accomplishments
- Leadership: top reported pay $215K · 22 people listed · 3 of 6 pay-setting controls reported
- Consistency: 12 of 13 current checks pass · 1 finding to review
- Schedules: 4 filed schedules · includes executive pay
- Filing history: 6 filing years from 2011 to 2016
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- 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.
Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.
- High — Financial Efficiency: Mission deployment rate scored 0/100.
- High — Financial Efficiency: Program expense ratio scored 0/100.
- Moderate — Accountability: Governance controls: 5 of 8 not reported.
- High — Sustainability: Operating margin scored 28/100.
- High — Growth: Asset growth scored 0/100.
- Moderate — Transparency & Controls: Functional expense sum did not reconcile in the filed values.
- High — Sustainability: Total-asset coverage ratio scored 15/100.
- High — Sustainability: Liabilities to assets ratio scored 3/100.
- High — Sustainability: Officer compensation ratio scored 6/100.
- High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.