Financial Industry Regulatory Authority Inc
501(c)(6)
Strong reserves Growing revenue
Financial Industry Regulatory Authority Inc is a 501(c)(6) organization based in Rockville, Maryland, registered in 1937, with $2,607,503,080 in FY2024 revenue.
9509 Key West Avenue, Rockville, MD, 20850 EIN 53-0088710 Since 1937
Revenue (FY2024)
$2.6B
▲ 62.5% vs prior year
Expenses (FY2024)
$3.0B
Net assets
$1.8B
Employees
4,703
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B+
—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 Financial Industry Regulatory Authority Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
C+Financial health25% of the rating7 mo reserves · -17% 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 Financial Industry Regulatory Authority Inc: 7 mo reserves · -17% margin earns a C+ on this criterion. See the exact thresholds →
A+Governance25% of the rating6 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 Financial Industry Regulatory Authority Inc: 6 of 6 checks met earns a A+ 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 Financial Industry Regulatory Authority Inc: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
Finra's mission is to protect investors and safeguard the integrity of our vibrant capital markets to ensure that everyone can invest with confidence.
Contact & location
Financial trends
Revenue grew from $664.1M (FY2013) to $2.6B (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $1.3BNet assets $1.8B
Operating margin
-16.6%
Spent more than it raised in the latest fiscal year.
Total assets
$3.1B
Total liabilities
$1.3B
Net assets
$1.8B
Salaries & benefits
$1.1B
36% of expenses
Board members
22
21 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $2,607,503,080▲62.5% | $3,040,929,806▲47.7% | $1,757,300,281▲5.1% | $3,101,319,446▲24.9% | 990 |
| 2023 | $1,604,253,354▼7.3% | $2,059,192,510▼4.7% | $1,672,753,932▼0.3% | $2,483,003,873▼9.7% | 990 |
| 2022 | $1,730,554,890▲22.0% | $2,160,421,774▲31.9% | $1,677,867,651▼10.8% | $2,751,162,902▲13.7% | 990 |
| 2021 | $1,418,364,485▼19.6% | $1,637,855,595▼22.9% | $1,880,540,517▲29.7% | $2,420,287,162▼1.4% | 990 |
| 2020 | $1,763,233,323▲34.0% | $2,123,473,358▲37.8% | $1,450,288,556▼2.8% | $2,454,852,715▲9.2% | 990 |
| 2019 | $1,316,323,993▲5.6% | $1,541,083,655▲9.5% | $1,492,368,550▼3.8% | $2,248,066,636▲6.3% | 990 |
| 2018 | $1,246,962,010▼4.6% | $1,407,556,901▼2.6% | $1,551,230,656▼3.5% | $2,115,247,106▼6.6% | 990 |
| 2017 | $1,307,685,653▲2.8% | $1,444,708,072▲0.8% | $1,607,190,376▼1.0% | $2,264,413,001▲0.9% | 990 |
| 2016 | $1,271,595,244▲80.7% | $1,433,945,024▲47.8% | $1,622,738,275▼6.1% | $2,245,131,156▲3.4% | 990 |
| 2015 | $703,828,205▼0.5% | $969,990,119▲8.6% | $1,728,771,322▼9.0% | $2,171,652,984▼7.4% | 990 |
| 2014 | $707,383,888▲6.5% | $893,191,300▲14.0% | $1,900,469,657▲6.5% | $2,344,683,770▲6.2% | 990 |
| 2013 | $664,072,209 | $783,423,547▲7.7% | $1,784,876,287▲3.8% | $2,208,535,467▲2.6% | 990 |
| 2012 | — | $727,318,480▲3.4% | $1,719,404,177▼1.3% | $2,152,653,604▼0.3% | 990 |
| 2011 | — | $703,396,560▲12.8% | $1,742,774,772▼2.1% | $2,158,907,693▼1.4% | 990 |
| 2010 | — | $623,713,902 | $1,779,537,195 | $2,189,058,689 | 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: Robert W Cook — $3,472,973 (0.11% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Robert W Cook | President & Ceo | 60 | $3,472,973 |
| Steven J Randich | Executive Vice President & Cio | 60 | $1,963,213 |
| Todd T Diganci | Executive Vice President & Cfao | 60 | $1,739,416 |
| Gregory Ruppert | Executive Vice President | 60 | $1,467,716 |
| Robert L D Colby | Evp and Chief Legal Officer | 60 | $1,461,686 |
| Nathaniel Stankard | Executive Vice President | 60 | $1,182,738 |
| Stephanie Dumont | Executive Vice President | 60 | $1,109,862 |
| Richard W Berry | Executive Vice President | 60 | $1,079,799 |
| Jon Kroeper | Executive Vice President | 0 | $1,071,446 |
| Jonathan S Sokobin | Executive Vice President | 60 | $1,024,187 |
| Gene G Demaio | Senior Vice President | 60 | $1,007,808 |
| Rainia L Washington | Executive Vice President | 60 | $996,061 |
| Marcia E Asquith | Evp Board & External Relations | 60 | $994,058 |
| Omer Meisel | Executive Vice President | 60 | $953,619 |
| William St Louis | Executive Vice President | 60 | $930,024 |
| Tigran Khrimian | Senior Vice President | 60 | $928,786 |
| Jeffrey Kalinowski | Senior Vice President | 60 | $927,907 |
| Eric W Noll | Chairperson | 2 | $175,505 |
| Maureen Jensen | Board Member | 2 | $118,608 |
| Camille M Busette | Board Member | 2 | $116,106 |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Amazon Web Services | Hosting Services | $179,689,658 |
| Unisys Corporation | Consulting | $14,964,039 |
| Teksystems Inc | Consulting | $14,896,351 |
| Consultnet LLC | Consulting | $14,652,671 |
| Nasdaq Technology Ab | Hosting Services | $13,277,001 |
Grants made · $2.2M in FY2016
1 grant totaling $2.2M in FY2016. All grants made by Financial Industry Regulatory Authority Inc →
| Recipient | Purpose | Amount |
|---|---|---|
| Finra Investor Education Foundation | Contribution | $2,200,000 |
Frequently asked questions
- Is Financial Industry Regulatory Authority Inc a legitimate nonprofit?
- Yes. Financial Industry Regulatory Authority Inc is a 501(c)(6) organization registered with the U.S. Internal Revenue Service under EIN 53-0088710, based in Rockville, Maryland.
- What is Financial Industry Regulatory Authority Inc's EIN?
- Financial Industry Regulatory Authority Inc's Employer Identification Number (EIN) is 53-0088710.
- How much revenue does Financial Industry Regulatory Authority Inc report?
- Financial Industry Regulatory Authority Inc reported $2,607,503,080 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much does Financial Industry Regulatory Authority Inc's highest-paid employee make?
- The highest reported compensation on Financial Industry Regulatory Authority Inc's latest Form 990 is $3,472,973, paid to Robert W Cook (President & Ceo).
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Data for Financial Industry Regulatory Authority Inc (EIN 53-0088710) 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.