National Futures Association
501(c)(6)
Strong reserves Growing revenue
National Futures Association is a 501(c)(6) organization based in Chicago, Illinois, registered in 1978, with $154,945,104 in FY2024 revenue.
320 S Canal Suite 2400, Chicago, IL, 60606 EIN 36-2960981 Since 1978
Revenue (FY2024)
$154.9M
▲ 7.9% vs prior year
Expenses (FY2024)
$145.2M
Net assets
$180.8M
Employees
588
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
—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 National Futures Association— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
AFinancial health25% of the rating15 mo reserves · +6% 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 National Futures Association: 15 mo reserves · +6% margin earns a A 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 National Futures Association: 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 National Futures Association: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
Nfa is a self-regulatory membership organization formed to monitor (continued in schedule o) (continuance of part i, line 1)and maintain the integrity of the derivatives trading industry.
Contact & location
Financial trends
Revenue grew from $109.7M (FY2013) to $154.9M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $71.3MNet assets $180.8M
Operating margin
6.3%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$252.0M
Total liabilities
$71.3M
Net assets
$180.8M
Salaries & benefits
$107.6M
74% of expenses
Board members
22
22 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $154,945,104▲7.9% | $145,239,561▲4.6% | $180,752,787▲9.3% | $252,045,557▲4.4% | 990 |
| 2023 | $143,659,027▲2.7% | $138,871,654▲6.8% | $165,336,794▲5.5% | $241,465,991▲12.9% | 990 |
| 2022 | $139,826,383▲10.7% | $130,012,810▲14.4% | $156,673,891▲6.7% | $213,811,292▲21.3% | 990 |
| 2021 | $126,360,502▲14.0% | $113,649,342▲3.5% | $146,822,304▲4.2% | $176,284,079▲3.9% | 990 |
| 2020 | $110,867,239▼8.3% | $109,814,140▲3.4% | $140,963,144▲5.2% | $169,694,362▲5.7% | 990 |
| 2019 | $120,873,183▲4.9% | $106,252,569▲5.0% | $133,963,461▲13.8% | $160,552,859▲12.8% | 990 |
| 2018 | $115,241,534▲20.3% | $101,154,119▲3.1% | $117,739,783▲15.4% | $142,277,544▲11.5% | 990 |
| 2017 | $95,814,953▲17.6% | $98,157,362▲6.9% | $101,999,661▼1.2% | $127,573,941▲1.6% | 990 |
| 2016 | $81,456,351▲2.5% | $91,835,911▲11.1% | $103,194,631▼7.9% | $125,595,122▼7.0% | 990 |
| 2015 | $79,507,924▼14.1% | $82,662,860▲7.8% | $112,057,826▼2.6% | $135,048,820▼2.8% | 990 |
| 2014 | $92,519,231▼15.7% | $76,647,865▲10.5% | $115,076,796▲16.3% | $138,917,933▲9.1% | 990 |
| 2013 | $109,743,027 | $69,367,669▲11.3% | $98,915,492▲74.4% | $127,373,410▲62.3% | 990 |
| 2012 | — | $62,345,410▲28.4% | $56,714,846▲11.6% | $78,466,720▲15.2% | 990 |
| 2011 | — | $48,569,606▲14.8% | $50,840,823▲18.0% | $68,136,205▲22.9% | 990 |
| 2010 | — | $42,292,185▲2.6% | $43,075,366▲8.4% | $55,427,620▲4.5% | 990 |
| 2009 | — | $41,205,637 | $39,741,756 | $53,062,454 | 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: Thomas Sexton — $1,238,311 (0.85% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Thomas Sexton | President and Ceo | 40 | $1,238,311 |
| Michael Otten | Senior Vice President, Otc | 40 | $784,614 |
| Carol Wooding | Sr.vp, Gc, and Secretary | 40 | $769,680 |
| Regina Thoele | Senior Vice President (thru 2/2025) | 40 | $762,319 |
| Timothy Mchenry | Senior Vice President | 40 | $738,895 |
| Edward Dasso | Senior Vice President | 40 | $682,048 |
| David Hawrysz | Sr. Vp, Cfo, and Treasurer | 40 | $678,922 |
| Lauren Brinati | Vp, Admin Strategy Risk | 40 | $581,034 |
| Karen Wuertz | Senior Vice President (thru 2/2025) | 40 | $573,122 |
| Dale Spoljaric | Vice President, Otc | 40 | $505,603 |
| Nancy C Bohanon | Vice President, Hr | 40 | $430,840 |
| Cliffe Allen | Managing Director, Otc | 40 | $426,989 |
| Alessandra Riccardi | Managing Director, Otc | 40 | $405,117 |
| Anne Joves | Associate General Counsel | 40 | $395,622 |
| Joseph Hawrysz | Managing Director, Compliance | 40 | $372,686 |
| Cynthia Ioannacci | Assoc. General Counsel | 40 | $367,547 |
| Yvette Christman | Vice President (thru 2/2025) | 40 | $341,764 |
| Daniel Driscoll | Special Advisor | 40 | $254,098 |
| Mary Mcdonnell | Board Member | 1 | $65,000 |
| Todd Petzel | Board Member | 1 | $63,000 |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Clune Construction Company | Construction | $7,771,935 |
| 320 S Canal Titleholder LLC | Rent | $1,066,258 |
| One Ny Plaza Co LLC | Rent | $954,122 |
| Office Revolution LLC | Office Furniture | $541,540 |
| Mcdermott Will & Emery LLP | Legal Services | $323,360 |
Frequently asked questions
- Is National Futures Association a legitimate nonprofit?
- Yes. National Futures Association is a 501(c)(6) organization registered with the U.S. Internal Revenue Service under EIN 36-2960981, based in Chicago, Illinois.
- What is National Futures Association's EIN?
- National Futures Association's Employer Identification Number (EIN) is 36-2960981.
- How much revenue does National Futures Association report?
- National Futures Association reported $154,945,104 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much does National Futures Association's highest-paid employee make?
- The highest reported compensation on National Futures Association's latest Form 990 is $1,238,311, paid to Thomas Sexton (President and Ceo).
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Data for National Futures Association (EIN 36-2960981) 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.