2024-08-21T11:53:45-05:00 2023-12-31 251408703 SCHNEIDER DOWNS & CO INC ONE PPG PLACE SUITE 1700 PITTSBURGH PA 15222 990 2023-01-01 363480090 NATIONAL FEDERATION OF MUNICIPAL ANALYSTS NATI 4123414898 CO LISA GOOD PO BOX 14893 PITTSBURGH PA 15234 ANGELA KUKODA TREASURER 4123414898 2024-06-05 1 0 SARAH R PIOT P01358891 4122613644 2023 2024-08-08 14:25:15Z LISA GOOD C/O LISA GOOD PO BOX 14893 PITTSBURGH PA 15234 860111 0 3348 X WWW.NFMA.ORG X 1984 IL TO ENHANCE THE PROFESSIONAL DEVELOPMENT AND ANALYTICAL CONTRIBUTIONS OF MUNICIPAL MARKET PARTICIPANTS THROUGH BEST-IN-CLASS EDUCATIONAL PROGRAMS, NETWORKING OPPORTUNITIES, AND TARGETED ADVOCACY, WHILE PROMOTING DIVERSE THOUGHTS, PERSPECTIVES, AND REPRESENTATION FOR THE BENEFIT OF AN EQUITABLE AND INCLUSIVE MUNICIPAL BOND INDUSTRY. 20 20 1 72 0 0 67500 7500 635451 791147 46478 61464 0 0 749429 860111 2500 3275 0 0 190017 203276 0 0 0 302530 646197 495047 852748 254382 7363 2669193 2915701 8921 9177 2660272 2906524 X THE NFMA IS A NOT-FOR PROFIT ASSOCIATION OF MUNICIPAL ANALYST SOCIETIES AND AFFILIATED INDIVIDUAL MEMBERS. THE NFMA'S MISSION IS TO ENHANCE THE PROFESSIONAL DEVELOPMENT AND ANALYTICAL CONTRIBUTIONS OF MUNICIPAL MARKET PARTICIPANTS THROUGH BEST-IN-CLASS EDUCATIONAL PROGRAMS, NETWORKING OPPORTUNITIES, AND TARGETED ADVOCACY, WHILE PROMOTING DIVERSE THOUGHTS, PERSPECTIVES, AND REPRESENTATION FOR THE BENEFIT OF AN EQUITABLE AND INCLUSIVE MUNICIPAL BOND INDUSTRY. A CONTINUING COMMITMENT TO DIVERSITY, EQUITY, AND INCLUSION IS CRITICAL TO DEEPENING OUR RELEVANCE, CREDIBILITY AND EFFECTIVENESS AS WE STRIVE TO ACHIEVE THIS MISSION. 0 0 IN 2023, THE NATIONAL FEDERATION OF MUNICIPAL ANALYSTS (NFMA) CONTINUED TO FULFILL ITS MISSION OF PROVIDING EDUCATIONAL PROGRAMS FOR ITS MEMBERS AND MUNICIPAL MARKET PARTICIPANTS, AS WELL AS SERVING AS THE VOICE OF MUNICIPAL ANALYSTS THROUGH ITS EFFORTS IN DISCLOSURE. DURING 2023, EDUCATIONAL PROGRAMS INCLUDED A MEMBERSHIP MEETING, 3 ONE-HOUR WEBINARS, TWO 1 AND A HALF DAY SEMINARS, A 3-DAY CONFERENCE AND A 1 AND A HALF DAY INTRODUCTORY COURSE FOR NEW MUNICIPAL ANALYSTS. THE NFMA IS A VOLUNTEER ORGANIZATION WHO EMPLOYED ONE FULL-TIME STAFF DURING 2023. 0 1 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 3 0 1 1 1 0 0 0 0 0 0 0 0 X 20 20 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X LISA GOOD 4123414898 29 THORNWOOD DRIVE PITTSBURGH PA 15228 RACHEL BARKLEY PAST CHAIR 0.50 0.00 X X 0 0 0 MARK CAPELL CHAIR 2.50 0.00 X X 0 0 0 JOHN CEFFALIO VICE CHAIR 0.50 0.00 X X 0 0 0 NEENE JENKINS SECRETARY 0.50 0.00 X X 0 0 0 ANGELA KUKODA TREASURER 0.50 0.00 X X 0 0 0 ALEXANDER CIMMIYOTTI GOVERNOR 0.50 0.00 X 0 0 0 EDWARD DAMUTZ GOVERNOR 0.50 0.00 X 0 0 0 MICHAEL D'ARCY GOVERNOR 0.50 0.00 X 0 0 0 MIKE GRYGO GOVERNOR 0.50 0.00 X 0 0 0 ADEBOLA KUSHIMO GOVERNOR 0.50 0.00 X 0 0 0 ERIC KIM GOVERNOR 0.50 0.00 X 0 0 0 JASON MILLER GOVERNOR 0.50 0.00 X 0 0 0 POONAM PATIDAR GOVERNOR 0.50 0.00 X 0 0 0 JASON POLLACK GOVERNOR 0.50 0.00 X 0 0 0 JANE RIDLEY GOVERNOR 0.50 0.00 X 0 0 0 MARIA SAZON GOVERNOR 0.50 0.00 X 0 0 0 BETSY SHELTON GOVERNOR 0.50 0.00 X 0 0 0 ALEXANDER VAISMAN GOVERNOR 0.50 0.00 X 0 0 0 KEN WEINSTEIN GOVERNOR 0.50 0.00 X 0 0 0 MATT WHORISKEY GOVERNOR 0.50 0.00 X 0 0 0 LISA GOOD EXECUTIVE DIRECTOR 40.00 0.00 X 192668 0 6139 192668 0 6139 1 0 1 0 0 7500 7500 MEMBERSHIP DUES 900099 225336 225336 SPONSORSHIPS 900099 220000 220000 ANNUAL CONFERENCE 900099 208541 208541 ADVANCED COURSE INCOME 900099 102395 102395 INTRODUCTORY COURSE 900099 31050 31050 3825 3825 791147 61464 61464 860111 791147 0 61464 3275 183100 6907 13269 336 30283 10160 5425 34184 1697 480964 66 6598 DEI EXPENSES 75000 1484 852748 380412 300223 252195 284473 3802 3802 66 0 2036520 2331005 2669193 2915701 8921 9177 8921 9177 X 2660272 2906524 2660272 2906524 2669193 2915701 7363 238889 0 X X 1 X 0 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 0 0 1 X 3802 3802 0 0 1099000 238889 238889 860111 0 860111 852748 0 852748 0 852748 PART IV, LINE 2B: THE ORGANIZATION COLLECTS DUES ON BEHALF OF ITS CONSTITUENT SOCIETIES. THE DUES COLLECTED ARE PAID BACK TO THE SOCIETIES ON A QUARTERLY BASIS. 0 0 0 LISA GOOD EXECUTIVE DIRECTOR 182668 0 10000 0 0 0 6139 0 0 0 198807 0 0 0 FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE MANAGES THE ROUTINE OPERATIONS OF THE BOARD AND CARRIES OUT DIRECTIVES OF THE BOARD. THE EXECUTIVE COMMITTEE SHALL HAVE AUTHORITY TO ACT UPON QUESTIONS IN ACCORDANCE WITH THE EXISTING POLICY ON BEHALF OF THE BOARD, PROVIDED (A) THAT THE EXECUTIVE COMMITTEE SHALL, THROUGH THE MAILING OF ITS MINUTES TO ALL GOVENORS, PROMPTLY INFORM THE FULL BOARD OF ALL DECISIONS IT HAS MADE AND (B) THAT DECISIONS OF THE EXECUTIVE COMMITTEE SHALL BE SUBMITTED TO THE FULL BOARD FOR APPROVAL WHENEVER ANY THREE OR MORE GOVERNORS SHALL CHALLENGE SUCH DECISIONS, IN WHICH CASE A MAJORITY VOTE OF ALL GOVENORS SHALL BE REQUIRED TO APPROVE ANY SUCH DECISIONS. FORM 990, PART VI, SECTION A, LINE 6 THERE SHALL BE FIVE CLASSES OF MEMBERS IN THE FEDERATION: CONSTITUENT SOCIETIES, REGULAR MEMBERS OF CONSTITUENT SOCIETIES, AFFILIATED INDIVIDUAL MEMBERS, ASSOCIATE MEMBERS AND STUDENT MEMBERS. REGULAR MEMBERS ARE DEFINED AS RESIDENT, FULL DUES PAYING MEMBERS OF CONSTITUENT SOCIETIES AND AFFILIATED INDIVIDUAL MEMBERS. ASSOCIATE MEMBERS ARE PROFESSIONALS IN THE MUNICIPAL INDUSTRY OR RELATED DISCIPLINES WHO DO NOT MEET THE REQUIREMENTS FOR MEMBERSHIP AS REGULAR MEMBERS. STUDENT MEMBERS SHALL BE DEFINED AS INDIVIDUALS ENROLLED IN AN ACCREDITED COLLEGE OR UNIVERSITY PROGRAM. FORM 990, PART VI, SECTION A, LINE 7A EACH CONSTITUENT SOCIETY SHALL EXERCISE FULL AUTONOMY IN THE ELECTION PROCESS USED TO DETERMINE ITS REPRESENTATION ON THE BOARD OF GOVERNORS AND SHALL MAKE SUCH A DETERMINATION NOT LATER THAN JANUARY 1 OF EVERY YEAR. HOWEVER, NO GOVERNOR WHO IS NOT AN OFFICER MAY SERVE ON THE BOARD FOR MORE THAN SIX CONSECUTIVE YEARS. THE BOARD SHALL VOTE AT THE FALL MEETING TO FILL THE AT-LARGE BOARD POSITIONS THAT BEGIN THE FOLLOWING JANUARY 1, IMMEDIATELY FOLLOWING THE ELECTION OF THE NFMA OFFICERS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WAS REVIEWED BY THE EXECUTIVE DIRECTOR AND TREASURER. AFTER THEIR REVIEW, THE COMPLETED FORM 990 WAS SUBMITTED TO THE GOVERNING BOARD PRIOR TO SUBMISSION TO THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS SUBMIT CONFLICT OF INTEREST QUESTIONNAIRES AND FORMS ANNUALLY. THE EXECUTIVE DIRECTOR TRACKS THE RECEIPT OF THESE FORMS TO ENSURE THAT ALL FORMS ARE COMPLETED AND SUBMITTED. THE EXECUTIVE DIRECTOR DISCUSSES WITH THE EXECUTIVE COMMITTEE ANY INTERESTS THAT COULD GIVE RISE TO CONFLICTS. FORM 990, PART VI, SECTION B, LINE 15A SALARY REVIEW IS DONE ANNUALLY BY THE EXECUTIVE COMMITTEE. THE CURRENT CHAIR OF THE NFMA PREPARES A RECOMMENDATION OF SALARY INCREASES AND/OR BONUSES, IF ANY, FOR THE EXECUTIVE COMMITTEE APPROVAL. COMPENSATION RECOMMENDATIONS ARE DOCUMENTED IN A YEARLY MEMO. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY AVAILABLE TO THE PUBLIC UPON REQUEST. THE ORGANIZATION'S FINANCIAL STATEMENTS ARE AVAILABLE ON THE WEBSITE AT WWW.NFMA.ORG. FORM 990, PART XI, QUESTION 2C, FINANCIAL STATEMENTS AND REPORTING: THE EXECUTIVE COMMITTEE IS RESPONSIBLE FOR THE SELECTION OF THE INDEPENDENT ACCOUNTANTS. THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.