Civic Intelligence

Finseca

EIN 85-2061667 • 501(c)6 • Washington, DC

Profile

THE MISSION OF FINSECA IS TO ADVOCATE FOR THE FINANCIAL SECURITY PROFESSION, DEVELOP AND GROW ITS LEADERS, AND PROMOTE THE NOBLE AND NECESSARY WORK OF ITS MEMBERS TO PROVIDE FINANCIAL AND RETIREMENT SECURITY FOR THE INDIVIDUALS, FAMILIES, AND BUSINESSES SERVED.

1400 K Street NW 625Washington, DC 20005

www.finseca.org

Siviq Scores

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

Liabilities / Assets

97th percentile

0.96x

Higher debt load relative to assets than 97% of similar nonprofits.

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

Liabilities / Revenue

39th percentile

0.28x

Higher debt load relative to revenue than 39% of similar nonprofits.

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

Net Margin

67th percentile

11%

Higher net margin than 67% of similar nonprofits.

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

Top Officer Pay

100th percentile

$1,100,918

Higher top officer pay than 100% of similar nonprofits.

Top officer pay equals 5.5% of source-year revenue.

$10M-$25M nonprofits • Source year 2024

Asset Growth

8th percentile

-9.5%

Faster asset growth than 8% of similar nonprofits.

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

Revenue Growth

52nd percentile

6.8%

Faster revenue growth than 52% of similar nonprofits.

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

Assets

Down

$5,942,880

Down $624,801 (-9.5%) from 2023

Liabilities

Down

$5,688,349

Down $2,504,806 (-31%) from 2023

Net Assets

Up

$254,531

Up $1,880,005 (+116%) from 2023

Revenue

Up

$20,164,644

Up $1,292,327 (+6.8%) from 2023

Expenses

Down

$17,899,038

Down $2,429,050 (-12%) from 2023

Net Income

Up

$2,265,606

Up $3,721,377 (+256%) from 2023

Trend Graphs

Balance Sheet Trend

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

$10M$5.0M$0-$5.0MAssets 2020: $9,408,160Liabilities 2020: $6,175,890Net Assets 2020: $3,232,2702020Assets 2021: $8,033,532Liabilities 2021: $4,878,561Net Assets 2021: $3,154,9712021Assets 2022: $7,722,584Liabilities 2022: $7,083,629Net Assets 2022: $638,9552022Assets 2023: $6,567,681Liabilities 2023: $8,193,155Net Assets 2023: -$1,625,4742023Assets 2024: $5,942,880Liabilities 2024: $5,688,349Net Assets 2024: $254,5312024

Highlighted filing

2024

Assets$5,942,880
Liabilities$5,688,349
Net Assets$254,531

Operations Trend

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

$30M$20M$10M$0-$10MRevenue 2020: $3,962,827Expenses 2020: $5,196,724Net Income 2020: -$1,233,8972020Revenue 2021: $13,236,912Expenses 2021: $12,562,686Net Income 2021: $674,2262021Revenue 2022: $16,709,489Expenses 2022: $18,807,668Net Income 2022: -$2,098,1792022Revenue 2023: $18,872,317Expenses 2023: $20,328,088Net Income 2023: -$1,455,7712023Revenue 2024: $20,164,644Expenses 2024: $17,899,038Net Income 2024: $2,265,6062024

Highlighted filing

2024

Revenue$20,164,644
Expenses$17,899,038
Net Income$2,265,606

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 12, 2025
Return Version
2024v5.2
Gross Receipts
$20,164,644
Mission and Program Overview

Mission

The mission of finseca is to advocate for the financial security profession, develop and grow its leaders, and promote the noble and necessary work of its members to provide financial and retirement security for the individuals, families, and businesses served.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$2,406,357$2,219,652▼ $186,705
Savings and Temporary Cash Investments$1,301,513$1,652,723▲ $351,210
Cash and Non-Interest-Bearing Accounts$465,454$378,455▼ $86,999
Prepaid Expenses and Deferred Charges$456,377$372,823▼ $83,554
Accounts Receivable$138,677$265,963▲ $127,286
Pledges and Grants Receivable$278,075$35,500▼ $242,575
Land, Buildings, and Equipment, Net$28,936$443▼ $28,493
Total Assets$6,567,681$5,942,880▼ $624,801
Other Assets Total$1,492,292$1,017,321▼ $474,971
Liabilities
Accounts Payable and Accrued Expenses$2,420,048$2,687,430▲ $267,382
Other Liabilities$1,710,002$1,500,719▼ $209,283
Deferred Revenue$3,459,501$1,500,200▼ $1,959,301
Mortgage Notes Payable Secured by Investment Property$603,604$0▼ $603,604
Total Liabilities$8,193,155$5,688,349▼ $2,504,806
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-1,799,969$219,031▲ $2,019,000
Net Assets With Donor Restrictions$174,495$35,500▼ $138,995
Total Net Assets Fund Balance$-1,625,474$254,531▲ $1,880,005
Total Liabilities and Net Assets / Fund Balance$6,567,681$5,942,880▼ $624,801

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$443$280,070$280,513
Other Assets Org$37,063--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Marc CadinCEOFT$775,887$269,985$1,045,872
Bonnie GodsmanPresidentFT$464,561$120,572$585,133
David StertzerFormer Senior Executive Advisor-$500,000$500,000$500,000
Armstrong RobinsonChief Advocacy Officer - Until 11/24FT$312,878$150,882$463,760
Daniel LabertPres, Brokerage & Evp Mbr ExpPT$304,080$67,019$371,099
Marguerite SeidelEvp, Ext. Affairs and Chief of StaffFT$313,449$53,615$367,064
Melissa BovaSVP, State and Public AffairsFT$200,671$47,047$247,718
Jennifer FoxVP, Federal AffairsFT$192,741$50,782$243,523
Alex KimVP, PolicyFT$203,943$30,919$234,862
Kevin TorunoCFO - Until 02/24FT$38,070$4,026$42,096

Board Members and Trustees

NameTitle
Rick Van BenschotenChair - Until 06/24, Immed. Past Chair
Mike JamesChair-elect - Until 06/24, Chair
Edward G DeutschlanderImmed. Past Chair
Chip Van DusenSecretary - Until 06/24, Chair-elect
Amy JamrogDirector
Amy SaloDirector
Bob EichlerDirector
Brandy MickensDirector
Cathy NeifeldDirector
Christie CoradoDirector
Daphne BoyleDirector
Jason GroverDirector
Jason LeaDirector
Joe GergelyDirector
John GilbertDirector
Keith WagnerDirector
Lorrie BaldeviaDirector
Matthew HodsonDirector
Mike MartiniDirector
Mike ScovelDirector
Misty WeltzienDirector
Moira BuckleyDirector
Tim KlusasDirector
Timothy MaguireDirector
Todd BuchananDirector
Don LippencottDirector - Until 06/24
Kristi BarensDirector - Until 06/24
Luis ChiappyDirector - Until 06/24
Michelle HubertDirector - Until 06/24
Philip SarneckiDirector - Until 06/24
Rob CarneyDirector - Until 06/24
Shaun McduffeeDirector - Until 06/24
VINCE D'ADDONADirector - Until 06/24
Stephanie RivasDirector - Until 06/24, Secretary
Eric Naison-phillipsDirector - Until 06/24, Vice Treasurer
Jim HebetsTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Gaylord Rockies & Convention CtrMeeting Services6700 N GAYLORD ROCKIES BLVD, Aurora, CO 80019$640,844
Diplomat Beach ResortMeeting Services3555 S OCEAN DRIVE, Hollywood, FL 33019$300,976
Faegre Drinker Biddle & Reath LLPGovernment/ Regulatory Affairs1500 K STREET NW 1100, Washington, DC 20005$259,551
Dupont VenturesDatabase Consultant1405 S FERN STREET 94420, Arlington, VA 22202$255,836
Federal Policy GroupLobbying101 CONSTITUTION AVE NW STE 701E, Washington, DC 20001$240,000
Revenue and Support

Revenue Composition

Contributions and Grants
$5,840,950
Program Service Revenue
$13,490,272
Investment Income
$651,151
Other Revenue
$182,271
All Other Contributions
$5,840,950
Change in Net Assets
$2,265,606
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$8,656,001
Other Expenses$8,643,037
Grants and Similar Amounts Paid$600,000
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$5,319,977
Conferences and Meetings---$2,741,035
Current Officers, Directors, Trustees, and Key Employees---$2,136,861
Fees for Services Other---$1,757,891
Royalties---$933,352
Travel---$671,897
Information Technology---$665,144
Other Employee Benefits---$605,094
Grants to Domestic Orgs---$600,000
Occupancy---$459,037
Payroll Taxes---$434,159
Office Expenses---$372,629
Fees for Services Lobbying---$371,289
Fees for Services Accounting---$240,046
Pension Plan Contributions---$159,910
Advertising---$98,182
Fees for Services Legal---$79,539
Insurance---$68,290
Depreciation Depletion---$21,713
Fees for Service Investment Mgmnt Fees---$15,966
Other Expenses---$6,780
All Other Expenses---$5,000
Interest---$4,108
Total Functional Expenses$0$0$0$17,899,038
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
American Council of Life InsurersWashington, DC501(c)(6)Contribution to Combat Dol Legislations$600,000

International Summary

Offices
0
Employees
0
Spending
$1,165,275

International Compliance

Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
East Asia and the PacificProgram ServicesSupport International Presence in the Region to Grow Professional Financial Services Industry00$1,028,062
Central America and the CaribbeanProgram ServicesSupport International Presence in the Region to Grow Professional Financial Services Industry00$101,060
North AmericaProgram ServicesSupport International Presence in the Region to Grow Professional Financial Services Industry00$36,153
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$2,770,000
Total Nondeductible Lobbying and Political Cost$-2,953,569
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Lease Liability$915,828
Refundable Advances$450,000
Intercompany Payable$120,031
Security Deposit$14,860
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
Yes
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

The corporation shall have members.

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

The membership votes to elect board members and to approve the amendment to governing documents when amended.

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

In exchange for their membership dues, voting member are provided with certain rights, including but not limited to: the rights to attend meetings, vote on certain organizational decisions and changes to governing documents, and receive certain publications produced by finseca.

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

The form 990 is prepared by an outside accountant and reviewed by the organization's ceo and cfo prior to being filed with the irs.

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

Annually, each board member is required to sign a conflict of interest statement. Prior to each board meeting, an announcement is made regarding conflicts of interest. If an actual conflict of interest situation comes up, the executive committee of the board of directors would take any required action.

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

The executive committee reviews the ceo's salary annually. As deemed necessary by the executive committee, compensation studies may be performed to determine appropriate compensation. The deliberation and decision of the review are documented in the committee minutes. The ceo determines compensation of other officers or key employees of the organization.

Form 990, Part VI, Section C, Line 19

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

Filing and Contact Details

Filer

Filer Name
Finseca
EIN
85-2061667
Phone
7036419400
Address
1400 K STREET NW 625, WASHINGTON, DC 20005

Signing Officer

Name
Marc Cadin
Title
Chief Executive Officer
Phone
7036419400
Signed
2025-11-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Marc Cadin
Formed
2020
Legal Domicile
Dc
Voting Board Members
28
Independent Board Members
28
Employees
59
Volunteers
36

Preparer

Firm
Cbiz Advisors LLC
Address
1899 L STREET NW 850, WASHINGTON, DC 20036
Preparer
Aaron M Fox
Phone
2022274000
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