Fs-isac Inc
Nonprofit profile at a glance
- EIN
- 522204208
- IRS 990 coverage
- 2015–2024
- Forms available
- Form 990 2024
- Location
- Reston, VA, USA
- Phone
- 5714463877
- Rating confidence
- Limited
- Sector
- Chambers of Commerce & Business Leagues
Reported finances
- Revenue
- $50,893,979
- Expenses
- $45,903,945
- Assets
- $58,695,941
- Liabilities
- $37,421,814
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
34 people listed
Executive titles in this filing
- Steven Silberstein (CEO)
- Carlos Recalde (President,CEO Sheltered Harbor)
Highest reported compensation
- Steven Silberstein (CEO): $1,567,352 total reported compensation
- Danielle Metzler (CFO/COO): $724,276 total reported compensation
- John Denning (Chief Information Security Off): $634,143 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Fs-isac's mission is to help assure the resilience and continuity of the global financial services infrastructure and individual firms against acts that could significantly impact the sector's ability to provide services critical to the orderly functioning of the global financial services industry.
What it reported doing in 2024
Members may attend conferences four times per year where they can network and brainstorm with other members, affiliates and sponsors in a workgroup and seminar setting. Members share best practices in cyber security as well as participate in exercises to improve resiliency.
Operating model
- Revenue model
- Earned-program. 98% 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
- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.
Rating breakdown
- Financial Efficiency: NotEnoughData
- Transparency & Controls: 54
- Accountability: 91
- Sustainability: 51
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: Limited
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 68th percentile among comparable filings
- Pay-setting controls: 3 of 6 controls in place; rating input score 50
- Compensation committee: Pass
- Independent consultant: Pass
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Pass
- Foreign activity oversight: Scored; rating input score 0
- Grant itemization coverage: Scored; rating input score 0
- Major donor itemization: Limited
- Related-party transparency: Yes; rating input score 100
Accountability
- Independent voting board: 100%; rating input score 100; 77th percentile among comparable filings
- Governance controls: 7 of 9 controls in place; rating input score 78
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Fail
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 9.8%; rating input score 72; 72nd percentile among comparable filings
- Total-asset coverage ratio: 1.28; rating input score 48; 48th percentile among comparable filings
- Liabilities to assets ratio: 0.64; rating input score 26; 26th percentile among comparable filings
- Officer compensation ratio: 16.4%; rating input score 1; 1st percentile among comparable filings
Growth
- Program expense growth: -100% per year; rating input score 0; 0th percentile among comparable filings
- Revenue growth: 8.2% per year; rating input score 100; 68th percentile among comparable filings
- Asset growth: 13.8% per year; rating input score 100; 83rd percentile among comparable filings
Details
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: 15 of 15 board members independent · 7 of 9 filing controls reported
- Programs: 3 filed program accomplishments
- Leadership: top reported pay $1.6M · 34 people listed · 3 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $3.2M reported
- Consistency: 15 of 15 current checks pass
- Schedules: 6 filed schedules · includes foreign activity, executive pay, and related organizations
- Filing history: 10 filing years from 2015 to 2024
- Contacts: How to reach this organization
- Money network: 15 filed money-flow records
- Related organizations: 7 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.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Transparency & Controls: Foreign activity oversight scored 0/100.
- High — Transparency & Controls: Grant itemization coverage scored 0/100.
- High — Growth: Program expense growth scored 0/100.
- Review — Accountability: Governance controls: 2 of 9 not reported.
- Moderate — Sustainability: Total-asset coverage ratio scored 48/100.
- High — Sustainability: Officer compensation ratio scored 1/100.
- High — Sustainability: Liabilities to assets ratio scored 26/100.