Women in Financial Markets

Nonprofit profile at a glance

EIN
471467214
IRS 990 coverage
2022–2024
Forms available
Form 990 2024, Form 990-EZ 2020, Form 990-N 2018
Location
Port Chester, NY, USA
Phone
9146533038
Rating
63
Verdict
SUPPORTED
Rating confidence
Moderate

Reported finances

Revenue
$779,883
Expenses
$635,168
Assets
$1,012,887
Liabilities
$57,515

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

19 people listed

Executive titles in this filing

  • CASSANDRA SEIER (PRESIDENT & CEO)

Highest reported compensation

  • MELODY MOKHTARIAN (DIR OF MEMBERSHIP & DEV): $161,991 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 connect, elevate, and advance female professionals in the financial industry through education, mentoring, and sponsorship by leveraging senior leaders within the organization. WIFM currently has over 7,000 participants worldwide

What it reported doing in 2024

Women in Financial Markets (WIFM )Mission is to connect, elevate, and advance female professionals in the financial industry through education, mentoring, and sponsorship by leveraging senior leaders within the organization. WIFM currently has over 7,000 participants worldwide The following are events that were held in 2024: February 6, 2024EmpowerHer: Paving Your Path (Los Angeles)February 13, 2024Asset Management Derivatives Forum - WIFM Washington Update Luncheon (Laguna Niguel)February 20, 2024Italian Derivatives Market- A Discussion on Current Legal Challenges and Future Perspectives (Milan)February 28, 2024Eurex Derivatives Forum (Frankfurt)March 6-27, 2024Women's History Month Series (Virtual)March 7, 2024NYSE Closing Bell Ceremony (NYC)March 20, 2024Increase Your Influence (London)April 17, 2024ISDA AGM- Future of Derivatives Markets: Shaken or Stirred? (Tokyo)May 16, 2024Ladder Up: An Evening of Collective Expertise from Female Leaders (NYC)June 19, 2024WIFM IDX Breakfast (London)June 20, 2024Treasury Clearing: Market Structure Impact and Path to Readiness (NYC)June 25, 2024Summer Leadership Series (Virtual)June 25, 2024Women in Digital Asset Forum (Stamford)July 16, 2024Women Leading the Way: Diverse Perspectives on Women in Financial Markets (NYC)Auguts 7, 2024Wine Down Wednesday with WIFM (Boston)Auguts 8, 2024International Allyship Day (NYC)Auguts 20, 2024Summer Leadership Series (Virtual)Auguts 26, 2024Digital Assets Unveiled: Navigating the Future of Trading (NYC)September 16, 2024TradeTech FX Europe (Amsterdam)October 4, 2024Fixed Income Leaders Summit (London)November 14 , 2024Current State of Play: Women in Commodities (Houston)November 19, 2024Votes and Volatility: Navigating the Market's Election Rollercoaster (Boston)November 19, 2024Market Opportunities and Challenges in 20255 - Leading Buy Side and Sell Side Perspectives (NYC)

Operating model

Revenue model
Donor-supported. 95% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 92% 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

SUPPORTED - The filed numbers largely add up and most voting board members are independent. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and a relatively small share of available resources goes toward mission work.

Rating breakdown

  • Financial Efficiency: 58
  • Transparency & Controls: 60
  • Accountability: 70
  • Sustainability: 59
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 58.2%; rating input score 58
  • Program expense ratio: 69.7%; rating input score 70
  • Fundraising efficiency: $6.77 raised per $1 spent on fundraising; rating input score 26; 26th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 92.3%; rating input score 92; 16th percentile among comparable filings
  • Pay-setting controls: 0 of 6 controls in place; rating input score 0
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Missing
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 2 of 7 controls in place; rating input score 29
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Fail
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 18.6%; rating input score 74; 74th percentile among comparable filings
  • Total-asset coverage ratio: 1.59; rating input score 58; 58th percentile among comparable filings
  • Liabilities to assets ratio: 0.06; rating input score 50; 50th percentile among comparable filings
  • Officer compensation ratio: 25.5%; rating input score 9; 9th percentile among comparable filings

Growth

  • Program expense growth: 51.3% per year; rating input score 100; 96th percentile among comparable filings
  • Revenue growth: 36.7% per year; rating input score 100; 94th percentile among comparable filings
  • Asset growth: 35.1% per year; rating input score 100; 93rd percentile among comparable filings

Details

  • Where the money goes: 58.2% of revenue deployed · 69.7% of spending went to programs
  • Governance: 18 of 18 board members independent · 2 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $442K in reported program spending
  • Leadership: top reported pay $162K · 19 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 28 of 28 current checks pass
  • Schedules: 5 filed schedules · includes major donors and executive pay
  • Filing history: 3 filing years from 2022 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • 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 — Transparency & Controls: Pay-setting controls scored 0/100.
  • Review — Financial Efficiency: Mission deployment rate scored 58/100.
  • High — Accountability: Governance controls: 5 of 7 not reported.
  • High — Financial Efficiency: Fundraising efficiency scored 26/100.
  • Review — Sustainability: Total-asset coverage ratio scored 58/100.
  • High — Sustainability: Officer compensation ratio scored 9/100.
  • Review — Sustainability: Liabilities to assets ratio scored 50/100.