The Economic Club of Washington DC
Nonprofit profile at a glance
- EIN
- 521469926
- IRS 990 coverage
- 2009–2024
- Forms available
- Form 990 2024
- Location
- Washington, DC, USA
- Phone
- 2024813260
- Rating
- 86
- Verdict
- STRONG
- Rating confidence
- Moderate
Reported finances
- Revenue
- $8,625,798
- Expenses
- $6,970,106
- Assets
- $19,214,122
- Liabilities
- $5,635,029
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
55 people listed
Executive titles in this filing
- Mary Brady (President & CEO)
Highest reported compensation
- Mary Brady (President & CEO): $678,441 total reported compensation
- Judi Irastorza (SVP, Communications): $215,984 total reported compensation
- Jessalyn Vermillion (Chief Accounting & Finance Officer): $193,808 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To provide a forum for the study and discussion of timely economic, business, and political issues. To increase regional understanding of national and international economic issues amongst the region's business, professional, governmental, and international leadership. To provide a prominent forum where eminent global leaders can share their insights about major issues of the day; and to promote a robust peer community for the area's top executives.
What it reported doing in 2024
Program Events: Providing regional business leaders and their guests the opportunity to hear featured speakers and gain a better understanding of global economic issues. These signature events promote a greater sense of community among the area's top executives, regional and national government officials, and the diplomatic community. Throughout the year, our members gather to listen to , and learn from, thought-leaders in the global business, policy and diplomatic sectors. Executive Conversations generally are smaller group gatherings of approximately 30-100 members. The intimate setting allows club members to interact with speakers through an in-depth exploration of compelling global topics of interest to the business world. Additional virtual and in-person events provide members regular opportunity for small-group peer interaction. These sessions include more frequent member led forums that foster community education through topic driven discussions.
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 81% 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 - The filed numbers largely add up and a large share of available resources goes toward mission work. Reported officer compensation is a large share of total spending, which may reflect staffing concentration and liabilities are high compared with assets.
Rating breakdown
- Financial Efficiency: 69
- Transparency & Controls: 100
- Accountability: 99
- Sustainability: 62
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 71.6%; rating input score 72
- Program expense ratio: 85.9%; rating input score 86
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: 6 of 6 controls in place; rating input score 100
- Compensation committee: Pass
- Independent consultant: Pass
- Other Form 990s reviewed: Pass
- Written employment contract: Pass
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 98%; rating input score 98; 27th percentile among comparable filings
- Governance controls: 9 of 9 controls in place; rating input score 100
- 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: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 19.2%; rating input score 76; 76th percentile among comparable filings
- Total-asset coverage ratio: 2.76; rating input score 71; 71st percentile among comparable filings
- Liabilities to assets ratio: 0.29; rating input score 35; 35th percentile among comparable filings
- Officer compensation ratio: 22.2%; rating input score 10; 10th percentile among comparable filings
Growth
- Program expense growth: 9.7% per year; rating input score 100; 63rd percentile among comparable filings
- Revenue growth: 9.5% per year; rating input score 100; 66th percentile among comparable filings
- Asset growth: 15.4% per year; rating input score 100; 75th percentile among comparable filings
Details
- Where the money goes: 71.6% of revenue deployed · 85.9% of spending went to programs
- Governance: 49 of 50 board members independent · 9 of 9 filing controls reported
- Programs: 4 filed program accomplishments · $6M in reported program spending
- Leadership: top reported pay $678K · 55 people listed · 6 of 6 pay-setting controls reported
- Highest-paid contractors: 2 contractors listed · $757K reported
- Consistency: 33 of 33 current checks pass
- Schedules: 7 filed schedules · includes major donors, grants, and executive pay
- Filing history: 15 filing years from 2009 to 2024
- Contacts: How to reach this organization
- Money network: 6 filed money-flow records
- Related organizations: Filed and resolved organization relationships.
- 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 — Sustainability: Officer compensation ratio scored 10/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 35/100.