Financial Executives International

Nonprofit profile at a glance

EIN
386093367
IRS 990 coverage
2022–2024
Forms available
Form 990 2024, Form 990-EZ 2021
Location
Royal Oak, MI, USA
Phone
2489068870
Rating
63
Verdict
SUPPORTED
Rating confidence
Moderate

Official website

Reported finances

Revenue
$307,369
Expenses
$263,838
Assets
$156,313
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

10 people listed

Executive titles in this filing

  • Denny Glandon (President)
  • Imelda Scott (Co-Vice President of Memberships)
  • Angela Barr (Co-Vice President of Strategic Partnerships)
  • Ksenija Conklin (Co-Vice President of Memberships)
  • Ralph Picano (Co-Vice President of Programs)
  • Joe Kepler (Co-Vice President of Programs)

People named in this filing

  • Denny Glandon (President)
  • Alma Diaz (Treasurer and Secretary)
  • Imelda Scott (Co-Vice President of Memberships)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Business League

What it reported doing in 2024

A professional organization for senior financial executives providing unparalleled opportunities for career advancement through networking, knowledge, leadership and advocacy. We hold eight dinner meetings, two social evenings, and a variety of Hot Topic sessions and webinars each year. Our dinner meetings are held at venues surrounding the metro Detroit area. The evening includes a CPE career development session, a CPE professional development session, networking, dinner, and a top-notch CPE keynote presentation. Currently, the membership count is nearly 600 members, representing a broad cross-section of Metro Detroit's financial community. One can obtain a year's worth of Michigan required CPE credits from FEI at no additional cost over membership. Up to 20 credits are available by reading specific articles from The Financial Executive magazine and taking a five-question test on-line. Over another 20 credits are available by attending the Detroit Chapter Speaker Dinner Meetings and additional events.

Operating model

Revenue model
Donor-supported. 90% 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 a large share of available resources goes toward mission work. Some filing-based governance responses are negative or unanswered and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 61
  • Transparency & Controls: 90
  • Accountability: 24
  • Sustainability: 57
  • Growth: 80

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 64.8%; rating input score 65
  • Program expense ratio: 75.3%; rating input score 75
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: Limited
  • Governance controls: 4 of 7 controls in place; rating input score 57
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 14.2%; rating input score 66; 66th percentile among comparable filings
  • Total-asset coverage ratio: 0.59; rating input score 28; 28th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 80; 80th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 69; 69th percentile among comparable filings

Growth

  • Program expense growth: 5.9% per year; rating input score 100; 57th percentile among comparable filings
  • Revenue growth: 16.2% per year; rating input score 100; 84th percentile among comparable filings
  • Asset growth: -8.6% per year; rating input score 0; 7th percentile among comparable filings

Details

  • Where the money goes: 64.8% of revenue deployed · 75.3% of spending went to programs
  • Governance: 4 of 7 filing controls reported
  • Programs: 3 filed program accomplishments · $199K in reported program spending
  • Leadership: top reported pay $0 · 10 people listed
  • Consistency: 38 of 38 current checks pass
  • Schedules: 1 filed schedules
  • Filing history: 3 filing years from 2022 to 2024
  • Contacts: How to reach this organization
  • 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.

  • Review — Accountability: Governance controls: 3 of 7 not reported.
  • High — Sustainability: Total-asset coverage ratio scored 28/100.
  • High — Growth: Asset growth scored 0/100.