Futures Industry Association
Legal name: Futures Industry Association Inc
Nonprofit profile at a glance
- EIN
- 135642275
- IRS 990 coverage
- 2011–2024
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2024
- Location
- Washington, DC, United States
- Phone
- +1 202.466.5460
- Rating confidence
- Limited
Reported finances
- Revenue
- $36,079,249
- Expenses
- $37,016,571
- Assets
- $49,151,476
- Liabilities
- $24,776,139
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
42 people listed
Executive titles in this filing
- WALTER LUKKEN (PRESIDENT & CEO)
- MALLERS JOANNA (EXECUTIVE DIRECTOR, PTG)
Highest reported compensation
- WALTER LUKKEN (PRESIDENT & CEO): $2,143,667 total reported compensation
- JACQUELINE MESA (COO & SVP OF GLOBAL POLICY): $914,010 total reported compensation
- ALLISON LURTON (CHIEF LEGAL OFFICE & GEN CNCL): $751,501 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
FIA's mission is to support open, transparent and competitive markets, protect and enhance the integrity of the financial system, and promote high standards of professional conduct.
What it reported doing in 2024
Fia's documentation library and ccp risk review services provide valuable legal opinions, client terms of business documentation, and summaries of rules and procedures of ccp's worldwide. Fia works closely with member firms to develop industry-standard agreements that all market participants can use to support their trading and clearing functions as well as ensure regulatory compliance in different jurisdictions.
Operating model
- Revenue model
- Other-operating. 97% of the money available for current operations came from other operating 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: 58
- Accountability: 92
- Sustainability: 28
- 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; 62nd percentile among comparable filings
- Pay-setting controls: 4 of 6 controls in place; rating input score 67
- Compensation committee: Pass
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Pass
- Compensation survey or study: Pass
- 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: 93.8%; rating input score 94; 27th 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: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -2.6%; rating input score 22; 22nd percentile among comparable filings
- Total-asset coverage ratio: 1.33; rating input score 46; 46th percentile among comparable filings
- Liabilities to assets ratio: 0.5; rating input score 28; 28th percentile among comparable filings
- Officer compensation ratio: 18.3%; rating input score 5; 5th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: 6.1% per year; rating input score 100; 53rd percentile among comparable filings
- Asset growth: 14.7% per year; rating input score 100; 80th percentile among comparable filings
Details
- What they do: 9 programs and campaigns described on the official site · 5 operating locations identified
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: 30 of 32 board members independent · 8 of 9 filing controls reported
- Programs: 3 filed program accomplishments
- Leadership: top reported pay $2.1M · 42 people listed · 4 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $1.8M reported
- Consistency: 12 of 12 current checks pass
- Schedules: 6 filed schedules · includes foreign activity, executive pay, and related organizations
- Filing history: 13 filing years from 2011 to 2024
- Contacts: How to reach this organization
- Money network: 11 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.
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 — Sustainability: Operating margin scored 22/100.
- Review — Accountability: Governance controls: Form 990 shared with the board not reported.
- Moderate — Sustainability: Total-asset coverage ratio scored 46/100.
- High — Sustainability: Officer compensation ratio scored 5/100.
- High — Sustainability: Liabilities to assets ratio scored 28/100.