Civic Intelligence

American Financial Services Association

EIN 53-0025360 • 501(c)6 • Washington, DC

Profile

AFSA is the national trade association for the consumer credit industry. Its members include consumer and commercial finance companies, auto finance companies, mortgage lenders and servicers, credit card issuers, and industry suppliers.

1750 H Street NWWashington, DC 20006

www.afsaonline.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

59th percentile

0.30x

Higher debt load relative to assets than 59% of similar nonprofits.

501(c)6 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

68th percentile

0.57x

Higher debt load relative to revenue than 68% of similar nonprofits.

501(c)6 • $10M-$25M nonprofits • Source year 2024

Net Margin

50th percentile

4.0%

Higher net margin than 50% of similar nonprofits.

501(c)6 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

94th percentile

36%

Faster asset growth than 94% of similar nonprofits.

501(c)6 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Revenue Growth

27th percentile

0.3%

Faster revenue growth than 27% of similar nonprofits.

501(c)6 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Assets

Up

$24,276,294

Up $6,383,953 (+36%) from 2023

Liabilities

Up

$7,268,614

Up $4,599,027 (+172%) from 2023

Net Assets

Up

$17,007,680

Up $1,784,926 (+12%) from 2023

Revenue

Up

$12,796,158

Up $44,239 (+0.3%) from 2023

Expenses

Up

$12,281,991

Up $5,622 (+0.0%) from 2023

Net Income

Up

$514,167

Up $38,617 (+8.1%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$30M$20M$10M$0Assets 2010: $5,460,071Liabilities 2010: $2,178,700Net Assets 2010: $3,281,3712010Assets 2011: $5,277,760Liabilities 2011: $1,718,032Net Assets 2011: $3,559,7282011Assets 2012: $5,637,975Liabilities 2012: $1,416,427Net Assets 2012: $4,221,5482012Assets 2013: $7,175,379Liabilities 2013: $2,276,837Net Assets 2013: $4,898,5422013Assets 2014: $9,263,328Liabilities 2014: $3,567,578Net Assets 2014: $5,695,7502014Assets 2015: $9,875,718Liabilities 2015: $3,299,480Net Assets 2015: $6,576,2382015Assets 2016: $11,306,885Liabilities 2016: $3,658,446Net Assets 2016: $7,648,4392016Assets 2017: $13,661,828Liabilities 2017: $4,112,387Net Assets 2017: $9,549,4412017Assets 2018: $13,229,940Liabilities 2018: $3,672,166Net Assets 2018: $9,557,7742018Assets 2019: $14,196,487Liabilities 2019: $2,865,806Net Assets 2019: $11,330,6812019Assets 2020: $16,431,020Liabilities 2020: $2,477,999Net Assets 2020: $13,953,0212020Assets 2021: $18,901,333Liabilities 2021: $2,613,019Net Assets 2021: $16,288,3142021Assets 2022: $18,202,459Liabilities 2022: $4,574,581Net Assets 2022: $13,627,8782022Assets 2023: $17,892,341Liabilities 2023: $2,669,587Net Assets 2023: $15,222,7542023Assets 2024: $24,276,294Liabilities 2024: $7,268,614Net Assets 2024: $17,007,6802024

Highlighted filing

2024

Assets$24,276,294
Liabilities$7,268,614
Net Assets$17,007,680

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$15M$10M$5.0M$0-$5.0MRevenue 2010: $5,964,997Expenses 2010: $6,144,620Net Income 2010: -$179,6232010Revenue 2011: $6,781,001Expenses 2011: $6,321,906Net Income 2011: $459,0952011Expenses 2012: $6,620,9802012Revenue 2013: $7,270,855Expenses 2013: $6,896,529Net Income 2013: $374,3262013Revenue 2014: $8,748,612Expenses 2014: $8,164,370Net Income 2014: $584,2422014Revenue 2015: $9,612,536Expenses 2015: $8,560,467Net Income 2015: $1,052,0692015Revenue 2016: $10,213,613Expenses 2016: $9,247,172Net Income 2016: $966,4412016Revenue 2017: $11,324,793Expenses 2017: $9,684,243Net Income 2017: $1,640,5502017Revenue 2018: $11,439,610Expenses 2018: $10,416,998Net Income 2018: $1,022,6122018Revenue 2019: $11,437,500Expenses 2019: $11,216,725Net Income 2019: $220,7752019Revenue 2020: $9,611,603Expenses 2020: $8,623,171Net Income 2020: $988,4322020Revenue 2021: $11,598,522Expenses 2021: $9,860,795Net Income 2021: $1,737,7272021Revenue 2022: $11,972,355Expenses 2022: $11,541,275Net Income 2022: $431,0802022Revenue 2023: $12,751,919Expenses 2023: $12,276,369Net Income 2023: $475,5502023Revenue 2024: $12,796,158Expenses 2024: $12,281,991Net Income 2024: $514,1672024

Highlighted filing

2024

Revenue$12,796,158
Expenses$12,281,991
Net Income$514,167

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$24.3$7.27$17.0$12.8$12.3$0.51
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$17.9$2.67$15.2$12.8$12.3$0.48
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$18.2$4.57$13.6$12.0$11.5$0.43
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$18.9$2.61$16.3$11.6$9.86$1.74
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$16.4$2.48$14.0$9.61$8.62$0.99
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$14.2$2.87$11.3$11.4$11.2$0.22
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$13.2$3.67$9.56$11.4$10.4$1.02
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$13.7$4.11$9.55$11.3$9.68$1.64
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$11.3$3.66$7.65$10.2$9.25$0.97
2015Detailed filing. Detailed filing data is available for this year.$9.88$3.30$6.58$9.61$8.56$1.05
2014Detailed filing. Detailed filing data is available for this year.$9.26$3.57$5.70$8.75$8.16$0.58
2013Detailed filing. Detailed filing data is available for this year.$7.18$2.28$4.90$7.27$6.90$0.37
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.64$1.42$4.22$6.62
2011Summary only. Only limited summary data is available for this year.$5.28$1.72$3.56$6.78$6.32$0.46
2010Summary only. Only limited summary data is available for this year.$5.46$2.18$3.28$5.96$6.14$0.18
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Sep 23, 2025
Return Version
2024v5.2
Gross Receipts
$16,217,502
Mission and Program Overview

Mission

AFSA is the national trade association for the consumer credit industry. Its members include consumer and commercial finance companies, auto finance companies, mortgage lenders and servicers, credit card issuers, and industry suppliers.

To provide information to the consumer credit industry.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$16,691,247$18,384,425▲ $1,693,178
Cash and Non-Interest-Bearing Accounts$292,476$1,395,004▲ $1,102,528
Prepaid Expenses and Deferred Charges$537,523$781,019▲ $243,496
Land, Buildings, and Equipment, Net$212,184$161,708▼ $50,476
Accounts Receivable$125,391$104,403▼ $20,988
Total Assets$17,892,341$24,276,294▲ $6,383,953
Other Assets Total$33,520$3,449,735▲ $3,416,215
Liabilities
Other Liabilities$0$3,845,928▲ $3,845,928
Deferred Revenue$2,210,692$2,621,679▲ $410,987
Accounts Payable and Accrued Expenses$458,895$801,007▲ $342,112
Total Liabilities$2,669,587$7,268,614▲ $4,599,027
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$15,222,754$17,007,680▲ $1,784,926
Total Net Assets Fund Balance$15,222,754$17,007,680▲ $1,784,926
Total Liabilities and Net Assets / Fund Balance$17,892,341$24,276,294▲ $6,383,953

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$92,042$2,197,237$2,289,279
Other Land Buildings$0$1,047,743$1,047,743
Leasehold Improvements$69,666-$69,666
Other Assets Org$3,429,968--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
William M HimplerPresident & CEOFT$439,586$510,352$949,938
Cecilia WinslowVP - Fed Gov AffairsFT$294,500$124,980$419,480
Daniele ArloweSr. VP - State GovtFT$279,888$138,576$418,464
Edward McfaddenVP-comm.FT$238,475$129,140$367,615
Phillip BohiVP - ComplianceFT$218,437$97,755$316,192
A HarterVP- Fed Gov. AffairsFT$169,175$100,197$269,372
Danielle T McleanVP - CFOFT$173,068$95,020$268,088
Timothy GillVP & Chief EconomistFT$175,499$72,986$248,485
Rhonda P AshburnExec. Director - FoundationFT$133,834$78,698$212,532
Perla ManuelCorp. SecretaryFT$123,147$84,082$207,229
Thomas MoranoVP - MeetingsFT$119,699$86,557$206,256
Michelle BattalineDirector - MtgsFT$138,338$58,015$196,353

Board Members and Trustees

NameTitle
Dan WaltersChair
Kevin James CullumChair Elect
Kyle R BirchImmediate Past Chair
Martin E LessImmediate Past Chair
Rochelle McclanahanVice Chair & Treasurer
Amy BrooksDirector
Betty JotanovicDirector
Birgit BoehmDirector
Chad PrashadDirector
Charles DoDirector
Doug ClarkDirector
Douglas TimmermanDirector
Dusty CroneDirector
Eddie JonesDirector
Elizabeth Stcharles PrimeDirector
Ellen FarrellDirector
Erin KerberDirector
Evan BakerDirector
Francis C LeeDirector
Ginger C HerringDirector
Heidi BoltonDirector
Hope MehlmnDirector
Ian RehmertDirector
James DrotmanDirector
Jason GrubbDirector
Jeff HaymoreDirector
Jeffrey E SnyderDirector
Jim SchneiderDirector
Jon G DanielsDirector
Joseph KipleDirector
Josh C JohnsonDirector
Kim GershonDirector
Kristin M KarwatDirector
Lee HolzmanDirector
Lester E DeesDirector
Maggie GageDirector
Marcelo BruttiDirector
Mark MccallDirector
Mary Leigh PhillipsDirector
Meg MichielsDirector
Nathan D BensonDirector
Ofer AlonDirector
Petar VucurevicDirector
Re EveretteDirector
Rich HydeDirector
Richard H Parker IiiDirector
Richard J PorrelloDirector
Rob BeckDirector
Royce E Everette JrDirector
Sheri WilfordDirector
Sheryl SmithDirector
Shunda RobinsonDirector
Susan StraffonDirector
Tanya SandersDirector
Tim OwensDirector
Tom HudginsDirector
William ShopeDirector

Highest Paid Contractors

ContractorServicesLocationCompensation
Dci GroupCommunication Services2000 K ST NW, Washington, DC 20006$382,769
Leonine Public AffairsCommunication Services1 BLANCHARD CT 101, Montpelier, VT 05602$170,000
Evodince LLCCommunicaton Services400 S 4TH ST STE 410, Minneapolis, MN 55415$158,652
Jenkins Hill ConsultingLobbying Services403 LLOYDS LANE, Alexandria, VA 22302$120,049
Thorn Run LLCLobbying Services100 M ST SE 750, Washington, DC 20003$108,000
Revenue and Support

Revenue Composition

Contributions and Grants
$157,755
Program Service Revenue
$11,712,919
Investment Income
$797,942
Other Revenue
$127,542
All Other Contributions
$157,755
Change in Net Assets
$514,167

Audited Revenue Reconciliation

Revenue per Audited Statements
$12,741,668
Revenue Not Reported on Financial Statements
$54,490
Revenue Not Reported on Form 990
$1,848,886
Total Revenue per Audited Statements
$14,590,554
Total Revenue per Form 990
$12,796,158
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$6,394,018
Salaries, Compensation, and Employee Benefits$5,887,973
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees---$2,988,263
Other Salaries and Wages---$2,321,272
Conferences and Meetings---$1,844,570
Fees for Services Other---$993,354
Fees for Services Lobbying---$682,799
Occupancy---$423,314
Information Technology---$370,743
Payroll Taxes---$276,809
Travel---$268,016
Other Employee Benefits---$250,189
Office Expenses---$175,823
Other Expenses---$131,082
All Other Expenses---$104,455
Depreciation Depletion---$78,417
Insurance---$64,228
Fees for Services Legal---$55,433
Fees for Service Investment Mgmnt Fees---$54,490
Pension Plan Contributions---$51,440
Fees for Services Accounting---$37,499
Total Functional Expenses$0$0$0$12,281,991

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$12,845,022
Total Expenses per Form 990$12,281,991
Expenses per Audited Statements$12,227,501
Expenses Not Reported on Form 990$617,521
Expenses Not Reported on Financial Statements$54,490
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
In-house lobbying only
No
Subject to proxy tax
Yes

Reported Spending and Taxes

Line ItemAmount
Current Year Nondeductible Lobbying and Political Cost$1,970,806
Total Nondeductible Lobbying and Political Cost$1,970,806
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Lease Liability - Operating Ease$3,845,928
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 1A

The executive committee shall consist of twelve (12) members of the board;seven (7) from the top one-third dues paying board members, three (3) from the middle third, and two (2) from the bottom third. The chair,chair-elect, vice chair, and chair of the section on independent operations, shall be ex-officio members with the right to vote. The president/ceo of the association shall serve on the committee, but shall not have a vote. There shall be a secretary who shall be the secretary of the association. The chair of the board shall concurrently serve as chair of the executive committee. The executive committee shall also serve as the budget and audit committee. Subject to limitations imposed by the board of directors or by the bylaws, the executive committee shall have authority to govern and control the property and affairs of the association in the interim between meetings of the board of directors.

Form 990, Part VI, Section A, Line 6

There shall be five classes of members of the association: active, business partner, affiliate, commercial, and foreign.

Form 990, Part VI, Section A, Line 7A

Directors shall be elected by the association at its annual meeting from among the representatives of its active and business partner members.

Form 990, Part VI, Section B, Line 11B

The form 990 is reviewed by the president and cfo prior to filing. The form 990 is made available to all board members.

Form 990, Part VI, Section B, Line 12C

The board members must complete and file a conflict of interest form each year. Any potential conflicts are reviewed by the board. Affected board members are prohibited from participating in discussions and votes on issues where a potential conflict may exist.

Form 990, Part VI, Section B, Line 15A

The compensation of the president & ceo is reviewed and approved by the chairman and chairman-elect as authorized by the executive committee.

Form 990, Part VI, Section C, Line 19

The organization makes copies of it's governing documents, conflict of interest policy, and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
American Financial Services Association
EIN
53-0025360
Phone
2022965544
Address
1750 H STREET NW, WASHINGTON, DC 20006

Signing Officer

Name
Cecilia Winslow
Title
President & CEO
Phone
2022965544
Signed
2025-09-23
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Cecilia Winslow
Formed
1916
Legal Domicile
Dc
Voting Board Members
57
Independent Board Members
53
Employees
23
Volunteers
0

Preparer

Firm
Matthews Carter & Boyce Pc
Address
12500 FAIR LAKES CIRCLE SUITE 260, FAIRFAX, VA 22033
Preparer
Charles R Deppe
Phone
7032183600
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

The process has not changed from the prior year.

Financial Statement Notes

PART X, LINE 2:

The association has adopted financial accounting standards board interpretation no. 48, accounting for uncertainty in income taxes, (fin 48), as permitted by fasb staff position (fsp) fin 48-3, which is codified at fasb asc 740. Fasb asc 740 requires changes in recognition and measurement for uncertain tax positions. The association has analyzed its tax positions, and has concluded that no liability should be recorded related to any uncertain tax positions. The association is not aware of any tax positions for which it believes that there is a reasonable possibility that the tax position will change materially in the next twelve months. If this position changes, the association will assess the impact of any such matters on its financial position and results of operations.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Pac revenue 578,127. Miscellaneous

PART XII, LINE 2D - OTHER ADJUSTMENTS:

PAC EXPENSES 617,521.

Raw XML AppendixShowing 400 of 1,127 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd00
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IRS990/ContractorCompensationGrp/CompensationAmt1170000
IRS990/ContractorCompensationGrp/CompensationAmt2158652
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IRS990/ContractorCompensationGrp/ServicesDesc4LOBBYING SERVICES
IRS990/CreditCounselingInd00
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IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt012796158
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IRS990/DeductibleArtContributionInd00
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IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/TotalAmt078417
IRS990/Desc0ANNUAL MEETINGS AND CONFERENCES - AFSA HOLDS AN ANNUAL MEETING AND SEVERAL CONFERENCES EACH YEAR. THE PROGRAMS ADDRESS ISSUES OF IMPORTANCE TO THE FINANCIAL SERVICES INDUSTRY.
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IRS990/DonorAdvisedFundInd00
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IRS990/EmploymentTaxReturnsFiledInd01
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IRS990/ForeignActivitiesInd00
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IRS990/ForeignOfficeInd00
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