Third Party Risk Association FY2024 filing

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Our mission is to further the profession of Third Party Risk management through knowledge sharing and networking.

501(c)(6) business league; gifts are not tax-deductible as charitable contributions.
$233K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Pay: Part VII

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FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(6)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 3
filings with a surplus
Average surplus $136K a year · 18% of revenue · last 3 filings
Looks good: a surplus in 3 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$233K
to officers and key staff · 37% of spending
Concern: pay to officers and key staff is 37% of spending; over 30%.
Pt VII · Sec A
4 mo
of spending, in cash
Looks good: 4.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$68K
29% of total assets
Looks good: liabilities are 29% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$699K
+63% vs prior year
Spent
$627K
To programs
0%
Net assets
$168K
By yearFY2021–FY2025
Revenue
$699K
FY2024▲ +63%
Tap a bar for its year
Revenue by fiscal year
FY2021$53K
FY2022$180K
FY2023$429K
FY2024$699K
FY2025$1.1M
Expenses
$627K
FY2024▲ +52%
Tap a bar for its year
Expenses by fiscal year
FY2021Not on file
FY2022Not on file
FY2023$412K
FY2024$627K
FY2025$792K
Net assets
$168K
FY2024▲ +59%
Tap a bar for its year
Net assets by fiscal year
FY2021$111K
FY2022$89K
FY2023$106K
FY2024$168K
FY2025$486K

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in May 2019.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Who runs it and what they're paid

11 people listed on the 990; $233K paid to officers and key staff.

Part VII, Section A · reportable compensation
$103,780Pt VII · Sec A
SR. Marketing & Communications Coordinator
$59,423Pt VII · Sec A
SR. Membership Success Coordinator
$50,625Pt VII · Sec A
Marketing Intern
$14,928Pt VII · Sec A
Marketing Intern
$4,568Pt VII · Sec A
Chairman of the Board
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Julie Gaiaschi’s $108K as Chief Executive Officer & Co-Founder is at the 24th percentile of top reported officer pay among 2832 $1–10M community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 6 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021
Julie Gaiaschi$108,000$103,780$91,858$66,731$10,000
Meghan Schrader—$59,423$44,869$27,600—
Heather Hadavy—$50,625$20,625——
Kelsey Manigly-Haney—$14,928———
Emily Chiong——$5,789——
Juan Blando—$4,568———

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Advance third-party risk management through knowledge sharing and networking.

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Provided by the organization

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3 programs · $490K · in their own filed words · FY2024
01

General Membership Programs

Retain and attract practitioner membership by offering value-added benefits and programs. There are currently 1,527 active practitioner members. Design, enhance, and implement innovative programs and resources that empower practitioners to proactively address emerging risks and trends in the industry.

$263Kprogram expense
02

Annual In-Person Conference

Create and implement value-add conferences to bring current, industry-related topics to the membership and provide the opportunity to network with peers.

$207Kprogram expense
03

Third Party Cyber Risk Assessor (tpcra) Certification Program

Create and implement a practitioner certification & certificate programs to add credibility to and promote the value that third party risk professionals and practitioners add to their organizations.

$20Kprogram expense

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$699K
Ln 12
Fees for servicesLn 2g$699K
Investment incomeLn 3$15
Money outPt IX
$627K
Ln 25
Owns and owesPt X
$168K
net assets · Ln 32
Cash and savingsLn 1–2$235K
Total assetsLn 16$236K
LiabilitiesLn 26$68K
PeoplePt VI, VII
11
listed · VII A
PaidVII A5
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$699K
Investment incomeLn 3$15
Total revenueLn 12$699K
Assets in detailPt X, end of year
CashLn 1$74K
SavingsLn 2$160K
Cash and savings togetherLn 1–2$235K
Total assetsLn 16$236K
LiabilitiesLn 26$68K
Net assetsLn 32$168K
OperationsPt I, VI
EmployeesI 55
VolunteersI 630
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$271K$235K
Total assetsLn 16$289K$236K
LiabilitiesLn 26$183K$68K
Net assetsLn 32$106K$168K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$233K
Other salaries and wagesLn 7$2K
Pension plan contributionsLn 8$14K
Payroll taxesLn 10$20K
Accounting feesLn 11c$12K
Other fees for servicesLn 11g$34K
Advertising and promotionLn 12$10K
Office expensesLn 13$23K
TravelLn 17$34K
Conferences, conventions and meetingsLn 19$224K
InsuranceLn 23$3K
Other expenses (24a–d)Ln 24$19K
Total functional expensesLn 25$627K$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $1.1M$792K$318K$486K 990 PDF
FY2024 Viewing $699K$627K$71K$168K 990 PDF
FY2023 $429K$412K$17K$106K 990 PDF
FY2022 $180K$89K 990 PDF
FY2021 $53K$111K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $698,647 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $428,676$698,632
I-10 Investment incomePrior year $11$15
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $428,687$698,647
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $193,363$0
I-15 Salaries and benefitsPrior year $191,667$268,782
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $26,560$358,381
I-18 Total expensesPrior year $411,590$627,163
I-19 Revenue less expensesPrior year $17,097$71,484
Part VI · Governance 5 of 5 board members independent, 2 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $698,647 across 5 lines filed
Lines not itemized here account for $872 of total revenue; see the IRS return.
VIII-1h Total contributions, gifts and grants$0
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $697,760 · Unrelated business $0 · Excluded from tax $0$697,760
VIII-3 Investment incomeRelated to mission $0 · Unrelated business $0 · Excluded from tax $15$15
VIII-5 RoyaltiesRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-12 Total revenueRelated to mission $698,632 · Unrelated business $0 · Excluded from tax $15$698,647
Part IX · Statement of functional expenses $627,163 across 12 lines filed
IX-5 Pay of current officers, directors and key staff$233,323
IX-7 Other salaries and wages$1,629
IX-8 Pension plan contributions$13,972
IX-10 Payroll taxes$19,858
IX-11c Accounting fees$11,900
IX-11g Other fees for services$34,043
IX-12 Advertising and promotion$9,704
IX-13 Office expenses$23,241
IX-17 Travel$33,861
IX-19 Conferences, conventions and meetings$224,311
IX-23 Insurance$2,538
IX-24 Other expenses (24a–d)$18,783
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$627,163
Part X · Balance sheet $235,680 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $160,416$74,444
X-2 Savings and temporary cash investmentsStart of year $110,129$160,143
X-9 Prepaid expenses and deferred charges$1,093
X-16 Total assetsStart of year $288,992$235,680
X-17 Accounts payable and accrued expensesStart of year $8,824$3,325
X-19 Deferred revenueStart of year $174,332$64,577
X-26 Total liabilitiesStart of year $183,156$67,902
X-32 Total net assets or fund balancesStart of year $105,836$167,778
X-33 Total liabilities and net assetsStart of year $288,992$235,680
Part XI · Reconciliation of net assets $167,778 net assets at year end
XI-1 Total revenue$698,647
XI-2 Total expenses$627,163
XI-3 Revenue less expenses$71,484
XI-4 Net assets at start of year$105,836
XI-5 Net unrealized gains (losses) on investments$0
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets−$9,542
XI-10 Net assets at end of year$167,778

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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