2025-06-02T15:39:10-05:00 2024-12-31 251408703 SCHNEIDER DOWNS & CO INC ONE PPG PLACE SUITE 1700 PITTSBURGH PA 15222 990 2024-01-01 363480090 NATIONAL FEDERATION OF MUNICIPAL ANALYSTS NATI 4123414898 CO LISA GOOD PO BOX 14893 PITTSBURGH PA 15234 MIKE GRYGO TREASURER 4123414898 2025-06-02 1 0 SARAH R PIOT P01358891 4122613644 2024 2025-03-06 01:10:19Z LISA GOOD C/O LISA GOOD PO BOX 14893 PITTSBURGH PA 15234 859054 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. 19 19 1 88 0 0 7500 0 791147 776500 61464 82554 0 0 860111 859054 3275 0 0 0 203276 233275 0 0 0 646197 477893 852748 711168 7363 147886 2915701 3263679 9177 8611 2906524 3255068 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 INCLASS EDUCATIONAL PROGRAMS, NETWORKING OPPORTUNITIES, AND TARGETED ADVOCACY, WHILE PROMOTING DIVERSE THOUGHTS, PERSPECTIVES, AND REPRESENTATION FOR THE BENEFIT OF THE MUNICIPAL BOND INDUSTRY. 0 0 IN 2024, 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 2024, EDUCATIONAL PROGRAMS INCLUDED TWO 1-DAY SEMINARS, A 3-DAY CONFERENCE AND A 1-DAY INTRODUCTORY COURSE FOR NEW MUNICIPAL ANALYSTS. THE NFMA ALSO FACILITATED WEBINARS HELD BY ITS CONSTITUENT SOCIETIES THROUGH A FORMALIZED INITIATIVE ENACTED BY THE NFMA BOARD IN MARCH 2024. THE NFMA IS A VOLUNTEER ORGANIZATION WHO EMPLOYED ONE FULL-TIME STAFF DURING 2024. 0 0 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 4 0 1 1 1 0 0 0 0 0 0 0 0 X 19 19 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 MARK CAPELL PAST CHAIR 0.50 X X 0 0 0 NEENE JENKINS VICE CHAIR 0.50 X X 0 0 0 JOHN CEFFALIO CHAIR 0.50 X X 0 0 0 ANGELA KUKODA TREASURER 0.50 X X 0 0 0 JASON POLLACK SECRETARY 0.50 X X 0 0 0 MARIE AUTPHENNE GOVERNOR 0.50 X 0 0 0 ELLEN CANNARSA GOVERNOR 0.50 X 0 0 0 TED DAMUTZ GOVERNOR 0.50 X 0 0 0 MIKE GRYGO GOVERNOR 0.50 X 0 0 0 ERIC KIM GOVERNOR 0.50 X 0 0 0 ADEBOLA KUSHIMO GOVERNOR 0.50 X 0 0 0 PATRICK LUBY GOVERNOR 0.50 X 0 0 0 TED MOLIN GOVERNOR 0.50 X 0 0 0 POONAM PATIDAR GOVERNOR 0.50 X 0 0 0 JANE RIDLEY GOVERNOR 0.50 X 0 0 0 EMILY ROBARE GOVERNOR 0.50 X 0 0 0 MARIA SAZON GOVERNOR 0.50 X 0 0 0 ALEX VAISMAN GOVERNOR 0.50 X 0 0 0 MATT WHORISKEY GOVERNOR 0.50 X 0 0 0 LISA GOOD EXECUTIVE DIRECTOR 40.00 X 211861 0 8474 211861 0 8474 1 0 1 0 0 SPONSORSHIPS 900099 218080 218080 MEMBERSHIP DUES 900099 196916 196916 ANNUAL CONFERENCE 900099 194588 194588 ADVANCED COURSE INCOME 900099 138831 138831 INTRODUCTORY COURSE 900099 28085 28085 776500 82554 82554 859054 776500 0 82554 211754 7201 14320 44897 9251 2955 36868 7098 1511 304637 6741 SPONSORED EVENTS 60053 DUES AND SUBSCRIPTIONS 1740 2142 711168 300223 98400 284473 235461 3802 3802 0 0 2331005 2929818 2915701 3263679 9177 8611 9177 8611 X 2906524 3255068 2906524 3255068 2915701 3263679 147886 200658 0 X X 1 X 0 1 0 0 1 0 0 1 X 3802 3802 0 0 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 195861 0 16000 0 0 0 8474 0 0 0 220335 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.