Finra Regulation Inc
501(c)(6)
Thin reserves Growing revenue
Finra Regulation Inc is a 501(c)(6) organization based in Rockville, Maryland, registered in 1997, with $1,354,035,278 in FY2024 revenue.
9509 Key West Avenue, Rockville, MD, 20850 EIN 52-1959501 Since 1997
Revenue (FY2024)
$1.4B
▲ 21.1% vs prior year
Expenses (FY2024)
$872.2M
Net assets
-$72.9M
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+
★★★★
Rated on 3 of 4 criteria — the rest aren't reported in this filing type.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →—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 Finra Regulation Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DFinancial health25% of the rating0 mo reserves · +36% 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 Finra Regulation Inc: 0 mo reserves · +36% margin earns a D 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 Finra Regulation 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 Finra Regulation Inc: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
Finra regulation'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 $756.7M (FY2013) to $1.4B (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $166.9MNet assets -$72.9M
Operating margin
35.6%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$94.1M
Total liabilities
$166.9M
Net assets
-$72.9M
Salaries & benefits
$0
0% of expenses
Board members
6
6 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $1,354,035,278▲21.1% | $872,225,711▲11.6% | -$72,885,642▲37.6% | $94,061,520▲55.7% | 990 |
| 2023 | $1,118,127,486▲7.6% | $781,443,382▲12.7% | -$116,755,378▲1.3% | $60,411,994▲95.0% | 990 |
| 2022 | $1,039,482,542▼8.7% | $693,480,189▲3.7% | -$118,331,767▼32.3% | $30,977,462▼40.0% | 990 |
| 2021 | $1,138,654,783▲18.1% | $668,437,890▲5.3% | -$89,457,531▼40.5% | $51,636,831▼24.2% | 990 |
| 2020 | $964,459,237▲19.8% | $634,634,476▼4.6% | -$63,686,272▲40.5% | $68,166,800▲117% | 990 |
| 2019 | $805,372,686▼1.6% | $665,104,315▲0.1% | -$107,018,077▼4.8% | $31,398,219▼36.3% | 990 |
| 2018 | $818,795,285▲3.4% | $664,455,500▲0.2% | -$102,095,959▼12.1% | $49,311,804▼16.0% | 990 |
| 2017 | $792,133,612▼13.7% | $663,310,439▼5.8% | -$91,090,858▲16.3% | $58,676,126▲18.1% | 990 |
| 2016 | $917,521,328▲7.5% | $704,341,069▲12.8% | -$108,796,134▲66.0% | $49,679,223▼29.3% | 990 |
| 2015 | $853,552,682▲0.1% | $624,652,739▲4.3% | -$320,161,386▲18.3% | $70,273,653▲38.9% | 990 |
| 2014 | $852,977,571▲12.7% | $598,987,743▼9.1% | -$392,066,791▼12.3% | $50,581,527▲4.3% | 990 |
| 2013 | $756,743,585 | $659,177,648▼16.5% | -$349,108,889▲21.6% | $48,496,583▲43.2% | 990 |
| 2012 | — | $789,563,273▼1.8% | -$445,417,313▼11.5% | $33,863,456▲74.5% | 990 |
| 2011 | — | $803,865,842▲12.1% | -$399,301,381▼25.5% | $19,407,982▼49.4% | 990 |
| 2010 | — | $717,010,382 | -$318,105,307 | $38,378,143 | 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)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Deborah Bailey | Regulatory Policy Committee | 2 | — |
| Eric W Noll | Regulatory Policy Committee, Ex Officio | 2 | — |
| Ethiopis Tafara | Regulatory Policy Committee | 2 | — |
| Gregory Ruppert | Executive Vice President | 60 | — |
| James T Crowley | Regulatory Policy Committee | 2 | — |
| John B Ehnes | Regulatory Policy Committee - Thru 9/11/24 | 2 | — |
| Lisa Fairfax | Regulatory Policy Committee - Thru 4/5/24 | 2 | — |
| Marcia E Asquith | Evp, Board & External Relations | 60 | — |
| Maureen Jensen | Chair, Regulatory Policy Committee | 2 | — |
| Moira A Kilcoyne | Regulatory Policy Committee | 2 | — |
| Paige W Pierce | Regulatory Policy Committee - Thru 9/11/24 | 2 | — |
| Richard W Berry | Executive Vice President | 60 | — |
| Robert L D Colby | Evp and Chief Legal Officer | 60 | — |
| Robert W Cook | President & Ceo, Ex Officio | 60 | — |
| Scott Curtis | Regulatory Policy Committee | 2 | — |
| Stephanie Dumont | Executive Vice President | 60 | — |
| Timothy C Scheve | Regulatory Policy Committee - Thru 9/11/24 | 2 | — |
| Todd T Diganci | Executive Vice President/cfao | 60 | — |
| Wendy Lanton | Regulatory Policy Committee - As of 12/5/24 | 2 | — |
| William St Louis | Executive Vice President | 60 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Financial Industry Regulatory Authority | Management/admin | $625,455,884 |
Grants made · $6.1M in FY2024
8 grants totaling $6.1M in FY2024. All grants made by Finra Regulation Inc →
| Recipient | Purpose | Amount |
|---|---|---|
| Finra Investor Education Foundation | General support | $5,800,910 |
| American Online Giving Foundation Inc | General support | $206,116 |
| Sifma Foundation For Investor Education Fie Inc | General support | $60,000 |
| Cancer League of Colorado Inc | General support | $20,000 |
| Jumpstart Coalition For Personal Financial Literacy | General support | $15,000 |
| Securities and Exchange Commission Historical Society | General support | $15,000 |
| Consumer Federation of America Inc | General support | $14,000 |
| Association of Securities and Exchange Commission Alumni Inc | General support | $7,000 |
Frequently asked questions
- Is Finra Regulation Inc a legitimate nonprofit?
- Yes. Finra Regulation Inc is a 501(c)(6) organization registered with the U.S. Internal Revenue Service under EIN 52-1959501, based in Rockville, Maryland.
- What is Finra Regulation Inc's EIN?
- Finra Regulation Inc's Employer Identification Number (EIN) is 52-1959501.
- How much revenue does Finra Regulation Inc report?
- Finra Regulation Inc reported $1,354,035,278 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much does Finra Regulation Inc's highest-paid employee make?
- The highest reported compensation on Finra Regulation Inc's latest Form 990 is $0, paid to Deborah Bailey (Regulatory Policy Committee).
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Explore more
Data for Finra Regulation Inc (EIN 52-1959501) 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.