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Nonprofit · EIN 36-3480090

NATIONAL FEDERATION OF MUNICIPAL ANALYSTS

Tax-exempt · PITTSBURGH, PA 15234

Financials

$860K$853K2023$859K$711K2024$762K$633K2025
Revenue Expenses · by fiscal year end
Financials of NATIONAL FEDERATION OF MUNICIPAL ANALYSTS by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2025990$761,803$632,814$128,989$3,732,681$9,360$3,723,321
December 31, 2024990$859,054$711,168$147,886$3,263,679$8,611$3,255,068
December 31, 2023990$860,111$852,748$7,363$2,915,701$9,177$2,906,524
Financial details: 990 for the year ended December 31, 2025

Revenue

Contributions, gifts and grants
$0
Program service revenue
$666,981
Investment income
$94,822
Other revenue
$0

Expenses

Grants and similar amounts paid
$2,500
Compensation of officers, directors and key employees
$201,000
Salaries, compensation and benefits (total)
$226,251
Professional fundraising fees
$0
Accounting fees
$46,351
Travel
$4,857

Balance sheet and other

Total assets, start of year
$3,263,679
Total assets, end of year
$3,732,681
Total liabilities, end of year
$9,360
Net assets, end of year
$3,723,321
Publicly traded securities
$3,433,536
Net assets without donor restrictions
$3,723,321
Gross receipts
$761,803
Employees
1
Volunteers
75
Year formed
1984
State of legal domicile
IL

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2025, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
LISA GOODEXECUTIVE DIRECTOR
Officer
40$201,000$8,477
NEENE JENKINSCHAIR
Trustee or director, Officer
0.5$0$0
ANGELA KUKODAVICE CHAIR
Trustee or director, Officer
0.5$0$0
JOHN CEFFALIOPAST CHAIR
Trustee or director, Officer
0.5$0$0
JASON POLLACKSECRETARY
Trustee or director, Officer
0.5$0$0
MIKE GRYGOTREASURER
Trustee or director, Officer
1$0$0
ELLEN CANNARSAGOVERNOR
Trustee or director
0.5$0$0
TED DAMUTZGOVERNOR
Trustee or director
0.5$0$0
LEONARD JONESGOVERNOR
Trustee or director
0.5$0$0
ERIC KIMGOVERNOR
Trustee or director
0.5$0$0
MARIN KOMLANGOVERNOR
Trustee or director
0.5$0$0
ADEBOLA KUSHIMOGOVERNOR
Trustee or director
0.5$0$0
TED MOLINGOVERNOR
Trustee or director
0.5$0$0
COLLEEN MURPHYGOVERNOR
Trustee or director
0.5$0$0
POONAM PATIDARGOVERNOR
Trustee or director
0.5$0$0
5 more people on this return
NameTitleHours / weekCompensation
ANDREW PORGESGOVERNOR
Trustee or director
0.5$0
JANE RIDLEYGOVERNOR
Trustee or director
0.5$0
MARIA SAZONGOVERNOR
Trustee or director
0.5$0
TANNER TEPLYGOVERNOR
Trustee or director
0.5$0
MARK WHITAKERGOVERNOR
Trustee or director
0.5$0
990 for the year ended December 31, 2024: 20 people
NameTitleHours / weekCompensationOther / benefits
LISA GOODEXECUTIVE DIRECTOR
Officer
40$211,861$8,474
MARK CAPELLPAST CHAIR
Trustee or director, Officer
0.5$0$0
NEENE JENKINSVICE CHAIR
Trustee or director, Officer
0.5$0$0
JOHN CEFFALIOCHAIR
Trustee or director, Officer
0.5$0$0
ANGELA KUKODATREASURER
Trustee or director, Officer
0.5$0$0
JASON POLLACKSECRETARY
Trustee or director, Officer
0.5$0$0
MARIE AUTPHENNEGOVERNOR
Trustee or director
0.5$0$0
ELLEN CANNARSAGOVERNOR
Trustee or director
0.5$0$0
TED DAMUTZGOVERNOR
Trustee or director
0.5$0$0
MIKE GRYGOGOVERNOR
Trustee or director
0.5$0$0
ERIC KIMGOVERNOR
Trustee or director
0.5$0$0
ADEBOLA KUSHIMOGOVERNOR
Trustee or director
0.5$0$0
PATRICK LUBYGOVERNOR
Trustee or director
0.5$0$0
TED MOLINGOVERNOR
Trustee or director
0.5$0$0
POONAM PATIDARGOVERNOR
Trustee or director
0.5$0$0
JANE RIDLEYGOVERNOR
Trustee or director
0.5$0$0
EMILY ROBAREGOVERNOR
Trustee or director
0.5$0$0
MARIA SAZONGOVERNOR
Trustee or director
0.5$0$0
ALEX VAISMANGOVERNOR
Trustee or director
0.5$0$0
MATT WHORISKEYGOVERNOR
Trustee or director
0.5$0$0
990 for the year ended December 31, 2023: 21 people
NameTitleHours / weekCompensationOther / benefits
LISA GOODEXECUTIVE DIRECTOR
Officer
40$192,668$6,139
RACHEL BARKLEYPAST CHAIR
Trustee or director, Officer
0.5$0$0
MARK CAPELLCHAIR
Trustee or director, Officer
2.5$0$0
JOHN CEFFALIOVICE CHAIR
Trustee or director, Officer
0.5$0$0
NEENE JENKINSSECRETARY
Trustee or director, Officer
0.5$0$0
ANGELA KUKODATREASURER
Trustee or director, Officer
0.5$0$0
ALEXANDER CIMMIYOTTIGOVERNOR
Trustee or director
0.5$0$0
EDWARD DAMUTZGOVERNOR
Trustee or director
0.5$0$0
MICHAEL D'ARCYGOVERNOR
Trustee or director
0.5$0$0
MIKE GRYGOGOVERNOR
Trustee or director
0.5$0$0
ADEBOLA KUSHIMOGOVERNOR
Trustee or director
0.5$0$0
ERIC KIMGOVERNOR
Trustee or director
0.5$0$0
JASON MILLERGOVERNOR
Trustee or director
0.5$0$0
POONAM PATIDARGOVERNOR
Trustee or director
0.5$0$0
JASON POLLACKGOVERNOR
Trustee or director
0.5$0$0
JANE RIDLEYGOVERNOR
Trustee or director
0.5$0$0
MARIA SAZONGOVERNOR
Trustee or director
0.5$0$0
BETSY SHELTONGOVERNOR
Trustee or director
0.5$0$0
ALEXANDER VAISMANGOVERNOR
Trustee or director
0.5$0$0
KEN WEINSTEINGOVERNOR
Trustee or director
0.5$0$0
MATT WHORISKEYGOVERNOR
Trustee or director
0.5$0$0

Address and contacts

Address (IRS master file)
PO BOX 14893, PITTSBURGH, PA 15234-0893
In care of
% LISA GOOD
Principal officer (990 for 2025)
LISA GOOD, C/O LISA GOOD PO BOX 14893, PITTSBURGH, PA 15234
Signed the 990
LISA GOOD, EXECUTIVE DIRECTOR
Phone
(412) 341-4898
Return prepared by
SCHNEIDER DOWNS & CO INC

Mission

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.

990 for the year ended December 31, 2025

Program accomplishments

  • IN 2025, 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 2025, EDUCATIONAL PROGRAMS INCLUDED TWO 1 1/2 -DAY SEMINARS, A 3-DAY CONFERENCE AND A 1 1/2 -DAY INTRODUCTORY COURSE FOR NEW MUNICIPAL ANALYSTS. THE NFMA ALSO CONTINUED TO FACILITATE WEBINARS HELD BY ITS CONSTITUENT SOCIETIES. THE NFMA IS A VOLUNTEER ORGANIZATION WHO EMPLOYED ONE FULL-TIME STAFF DURING 2025.

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026990 on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
36-3480090
Tax-exempt status
501(c)(6): Business league or chamber of commerce
Donations deductible
No
Exempt since
1993
Accounting year ends
December
Files
Form 990 or 990-EZ
Group exemption
3348 (8 member organizations)
Assets (IRS master file)
$3,732,681
Income (IRS master file)
$761,803

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2025$761,803$632,814$3,732,681IRS
990December 2024$859,054$711,168$3,263,679XML
990December 2023$860,111$852,748$2,915,701XML
990December 2022$749,429$495,047$2,669,193IRS
990December 2021$509,023$298,794$2,845,172IRS
990December 2020–––IRS
990December 2019–––IRS
990December 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 36-3480090).

Questions about NATIONAL FEDERATION OF MUNICIPAL ANALYSTS

What is the EIN of NATIONAL FEDERATION OF MUNICIPAL ANALYSTS?
The employer identification number (EIN) of NATIONAL FEDERATION OF MUNICIPAL ANALYSTS is 36-3480090.
Is NATIONAL FEDERATION OF MUNICIPAL ANALYSTS tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1993.
Are donations to NATIONAL FEDERATION OF MUNICIPAL ANALYSTS tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does NATIONAL FEDERATION OF MUNICIPAL ANALYSTS file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of NATIONAL FEDERATION OF MUNICIPAL ANALYSTS due?
The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
When did NATIONAL FEDERATION OF MUNICIPAL ANALYSTS last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2025.
Who is the principal officer of NATIONAL FEDERATION OF MUNICIPAL ANALYSTS?
The 990 for the year ended December 31, 2025 names LISA GOOD.
Who are the officers and directors of NATIONAL FEDERATION OF MUNICIPAL ANALYSTS?
The 990 for the year ended December 31, 2025 lists 20 people; 1 received compensation from the organization, the highest $201,000 (LISA GOOD, EXECUTIVE DIRECTOR).
How much revenue does NATIONAL FEDERATION OF MUNICIPAL ANALYSTS have?
On its 990 for the year ended December 31, 2025 it reported revenue of $761,803, expenses of $632,814 and total assets of $3,732,681 at year end.

Organizations in its group exemption (8)

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