Financial Executives International
Nonprofit profile at a glance
- EIN
- 416036675
- IRS 990 coverage
- 2014–2014
- Forms available
- Form 990 2014, Form 990-EZ 2010
- Location
- Minneapolis, MN, USA
- Phone
- 9528295937
- Rating
- 80
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Business and Industry
Reported finances
- Revenue
- $225,440
- Expenses
- $216,506
- Assets
- $313,020
- Liabilities
- $27,697
Source: IRS Form 990. Selected filing: tax year 2014. Amounts in USD.
Leadership & pay
19 people listed
Executive titles in this filing
- Gary Perkins (PRESIDENT)
- Jay Trumbower (Secretary/Past President)
People named in this filing
- Gary Perkins (PRESIDENT)
- Stacy Colbert (VP Programs)
- Geroge Boyadjis (VP MEMBERSHIP)
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 2014. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Financial executives international (fei) is a prominent senior financial executive professional association. Fei delievers its member benefits through chapter meetings that address current events, regulatory changes, and activities taking place in the finance profession. In addition, fei provides professional development, academic awards and grants to students in the local community, and conducts spring/summer networking events for its membership. Membership.
What it reported doing in 2014
Membership benefit programs and nine chapter meetings featuring well known speakers with a monthly newsletter provided prior to each meeting. Each meeting attended by 90-105 members. (100 member participation)
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Direct operator. The filing allocates 95% 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
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 75
- Transparency & Controls: 90
- Accountability: 88
- Sustainability: 53
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 82.8%; rating input score 83
- Program expense ratio: 86.2%; rating input score 86
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd 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: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 5 of 7 controls in place; rating input score 71
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 4%; rating input score 53; 53rd percentile among comparable filings
- Total-asset coverage ratio: 1.45; rating input score 53; 53rd percentile among comparable filings
- Liabilities to assets ratio: 0.09; rating input score 37; 37th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 73; 73rd percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: 3.3% per year; rating input score 100; 51st percentile among comparable filings
- Asset growth: 2.2% per year; rating input score 100; 48th percentile among comparable filings
Details
- Where the money goes: 82.8% of revenue deployed · 86.2% of spending went to programs
- Governance: 19 of 19 board members independent · 5 of 7 filing controls reported
- Programs: 3 filed program accomplishments · $197K in reported program spending
- Leadership: top reported pay $0 · 19 people listed
- Consistency: 19 of 19 current checks pass
- Schedules: 2 filed schedules
- 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.
Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.
- Review — Accountability: Governance controls: Independent financial-statement audit not reported.
- Review — Sustainability: Operating margin scored 53/100.
- Review — Sustainability: Total-asset coverage ratio scored 53/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 37/100.
- High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.