Finra

Legal name: Finra Dispute Resolution Inc

Nonprofit profile at a glance

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

34 people listed

RICHARD G KETCHUM (PRESIDENT): $2,913,943 total reported compensation
STEVEN J RANDICH (EXECUTIVE VP AND CIO): $1,447,205 total reported compensation
ROBERT L D COLBY (EVP & CHIEF LEGAL OFFICER): $1,409,174 total reported compensation

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

Protecting investors and safeguarding market integrity.

See schedule o

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 available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
Pay-setting controls: 1 of 6 controls in place; rating input score 17
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Pass
Foreign activity oversight: Limited
Grant itemization coverage: Limited
Major donor itemization: Limited
Related-party transparency: Limited

Independent voting board: 90%; rating input score 90; 24th percentile among comparable filings
Governance controls: 8 of 9 controls in place; rating input score 89
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Fail
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass

Operating margin: -5.5%; rating input score 13; 13th percentile among comparable filings
Total-asset coverage ratio: 0; rating input score 0; 0th percentile among comparable filings
Liabilities to assets ratio: Limited
Officer compensation ratio: 12.4%; rating input score 8; 8th percentile among comparable filings

Program expense growth: Limited
Revenue growth: -6.5% per year; rating input score 0; 4th percentile among comparable filings
Asset growth: -24.6% per year; rating input score 0; 1st percentile among comparable filings

What they do: 3 programs and campaigns described on the official site · 1 operating location identified
Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
Governance: 9 of 10 board members independent · 8 of 9 filing controls reported
Programs: 1 filed program accomplishment
Leadership: top reported pay $2.9M · 34 people listed · 1 of 6 pay-setting controls reported
Highest-paid contractors: 5 contractors listed · $1.4M reported
Consistency: 8 of 8 current checks pass
Schedules: 6 filed schedules · includes executive pay
Filing history: 6 filing years from 2010 to 2015
Contacts: How to reach this organization
Money network: 7 filed money-flow records
Related organizations: 3 filed related-organization links
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.

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

High — Growth: Revenue growth scored 0/100.
High — Sustainability: Operating margin scored 13/100.
High — Growth: Asset growth scored 0/100.
High — Sustainability: Total-asset coverage ratio scored 0/100.
Review — Accountability: Governance controls: CEO compensation review process not reported.
High — Sustainability: Officer compensation ratio scored 8/100.