Western Payments Alliance

Nonprofit profile at a glance

EIN
237240059
IRS 990 coverage
2010–2025
Forms available
Form 990 2025
Location
San Francisco, CA, USA
Phone
4154331230
Rating confidence
Limited

Official website

Reported finances

Revenue
$6,389,012
Expenses
$6,194,092
Assets
$7,152,633
Liabilities
$2,637,154

Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

25 people listed

Executive titles in this filing

  • CHRIS SELMI (PRESIDENT/CEO)
  • MENEKSE GENCER (FORMER PRESIDENT & CEO)
  • WILLIAM JOSEPH SCHOCH (PRESIDENT EMERITUS)

Highest reported compensation

  • MENEKSE GENCER (FORMER PRESIDENT & CEO): $440,618 total reported compensation
  • WILLIAM JOSEPH SCHOCH (PRESIDENT EMERITUS): $382,697 total reported compensation
  • CHRIS SELMI (PRESIDENT/CEO): $370,879 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

As an innovative payments association, wespay is dedicated to guiding and empowering professionals in the financial services and payments industries with education, information, advisory and advocacy services.

What it reported doing in 2025

Information services include payments hotline, website and monthly member communications. The organization's website and member portal are critical interface with its members for member communications. The organization has a monthly digest of payment events and weekly rules reminders. In addition, it hosts free quarterly membership updates. A virtual member community, connect, was established to enable members' interaction to post information, questions and updates for other members to read and provide responses.

Operating model

Revenue model
Earned-program. 95% 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: 88
  • Accountability: 100
  • Sustainability: 32
  • 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; 63rd percentile among comparable filings
  • Pay-setting controls: 5 of 6 controls in place; rating input score 83
    • Compensation committee: Pass
    • Independent consultant: Pass
    • Other Form 990s reviewed: Pass
    • Written employment contract: Missing
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • 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: 8 of 8 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: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 3.1%; rating input score 37; 37th percentile among comparable filings
  • Total-asset coverage ratio: 1.15; rating input score 38; 38th percentile among comparable filings
  • Liabilities to assets ratio: 0.37; rating input score 22; 22nd percentile among comparable filings
  • Officer compensation ratio: 39.4%; rating input score 3; 3rd percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: 4.3% per year; rating input score 100; 32nd percentile among comparable filings
  • Asset growth: 7.9% per year; rating input score 100; 49th percentile among comparable filings

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Governance: 17 of 17 board members independent · 8 of 8 filing controls reported
  • Programs: 2 filed program accomplishments
  • Leadership: top reported pay $441K · 25 people listed · 5 of 6 pay-setting controls reported
  • Highest-paid contractors: 1 contractor listed · $152K reported
  • Consistency: 10 of 10 current checks pass
  • Schedules: 5 filed schedules · includes executive pay
  • Filing history: 15 filing years from 2010 to 2025
  • Contacts: How to reach this organization
  • Money network: 8 filed money-flow records
  • Related organizations: 1 filed related-organization link
  • 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.
  • Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.

Key Signals

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

  • Moderate — Sustainability: Operating margin scored 37/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 38/100.
  • High — Sustainability: Officer compensation ratio scored 3/100.
  • High — Sustainability: Liabilities to assets ratio scored 22/100.