Consolidated Audit Trail LLC
501(c)(6)
Only null% goes to programs Thin reserves
Consolidated Audit Trail LLC is a 501(c)(6) organization based in New York, New York, registered in 2020, with $359,453,521 in FY2024 revenue. CharityIndex grades it C.
Co Anchin 3 Times Square, New York, NY, 10036 EIN 84-2967946 Since 2020
Revenue (FY2024)
$359.5M
Expenses (FY2024)
$214.2M
Net assets
-$484.3M
Employees
0
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Consolidated Audit Trail LLC— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
FFinancial health25% of the rating0 mo reserves · +40% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Consolidated Audit Trail LLC: 0 mo reserves · +40% margin earns a F on this criterion. See the exact thresholds →
C+Governance25% of the rating3 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Consolidated Audit Trail LLC: 3 of 6 checks met earns a C+ on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Consolidated Audit Trail LLC: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
See description reported on schedule o.
What they do
Development of software. as of 02/15/2024, completion of reinstate im validations.
Development of software. as of 03/15/2024, completion of transition of the im and regulator portals to finra cat environment.
Contact & location
Financial trends
Revenue grew from $88K (FY2019) to $359.5M (FY2024) across 6 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $815.3MNet assets -$484.3M
Operating margin
40.4%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$331.0M
Total liabilities
$815.3M
Net assets
-$484.3M
Salaries & benefits
$0
0% of expenses
Board members
9
9 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $359,453,521 | $214,216,775▲9.6% | -$484,284,074▲23.1% | $330,989,283▲977% | 990 |
| 2023 | $0 | $195,364,465▲4.8% | -$629,520,820▼45.0% | $30,718,990▼22.9% | 990 |
| 2022 | $0 | $186,376,256▲27.2% | -$434,156,355▼75.2% | $39,834,484▼8.2% | 990 |
| 2021 | $0▼100% | $146,536,571▲73.3% | -$247,780,099▼144% | $43,402,949▲20.9% | 990 |
| 2020 | $433,209▲391% | $84,538,619▲387% | -$101,373,668▼487% | $35,903,805▲118% | 990 |
| 2019 | $88,205 | $17,356,463 | -$17,268,258 | $16,438,307 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: A Duer Meehan — $617,612 (0.29% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| A Duer Meehan | Chief Compliance Officer | 40 | $617,612 |
| David Yacono | Chief Information Security | 40 | $471,284 |
| Brandon Becker | Chair, Operating Committee | 7 | $134,984 |
| Alanna Barton | Operating Committee Member | 3 | — |
| Alex Ellenberg | Operating Committee Member | 3 | — |
| Anders Franzon | Operating Committee Member | 3 | — |
| Bruce Goodhue | Operating Committee Member | 3 | — |
| Cindy Retterer | Operating Committee Member | 3 | — |
| Edward Deitzel | Operating Committee Member | 3 | — |
| Jaime Klima | Operating Committee Member | 3 | — |
| Jeff Connell | Operating Committee Member | 3 | — |
| John Ramsay | Operating Committee Member | 3 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Finra Cat LLC | Development of Software | $188,333,722 |
| Wilmerhale | Legal Fees | $5,574,073 |
| Jenner & Block LLP | Legal Fees | $2,106,740 |
| Deloitte & Touche LLP | Consulting/project Manager | $1,640,604 |
| Anchin Block & Anchin LLP | Accounting Fees | $771,645 |
Frequently asked questions
- Is Consolidated Audit Trail LLC a legitimate nonprofit?
- Yes. Consolidated Audit Trail LLC is a 501(c)(6) organization registered with the U.S. Internal Revenue Service under EIN 84-2967946, based in New York, New York.
- What is Consolidated Audit Trail LLC's EIN?
- Consolidated Audit Trail LLC's Employer Identification Number (EIN) is 84-2967946.
- How much revenue does Consolidated Audit Trail LLC report?
- Consolidated Audit Trail LLC reported $359,453,521 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Consolidated Audit Trail LLC have?
- CharityIndex grades Consolidated Audit Trail LLC C, based on financial health (reserves and operating margin).
- How much does Consolidated Audit Trail LLC's highest-paid employee make?
- The highest reported compensation on Consolidated Audit Trail LLC's latest Form 990 is $617,612, paid to A Duer Meehan (Chief Compliance Officer).
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Data for Consolidated Audit Trail LLC (EIN 84-2967946) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.