Finseca Pac
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Advocates for financial security professionals, developing leaders and promoting their work. For fiscal year 2024 it reported $20.2M in revenue, $17.9M in expenses, and $255K in net assets.Pt I
Summary of the Filing
Where the work happens
Advocacy
The mission of finseca efforts in the legislative and regulatory affairs arena is to promote and advocate for our members, their clients, and the broader insurance community on public policy issues associated with the use of life insurance to provide long-term savings, protection, and financial and retirement security, in the individual…
Member Learning and Experience
Finseca provides meetings to keep insurance professionals on the leading edge of trends and skills by providing them with an education and networking for participants. Finseca provides a forum for members to exchange information and an opportunity for members to participate in professional development activities.
Public Affairs and Marketing
Finseca's communication efforts help raise industry awareness of the organization's efforts.
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Identity & Classification
Governance & Policies
Officers, Directors & Key Employees
Marc Cadin’s $991K as CEO is at the 96th percentile of top reported officer pay among 572 $10–100M 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 · 8 named individuals · Part VII
| Name | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Marc Cadin | $991,460 | $980,932 | $922,566 | $879,776 | $179,090 |
| Bonnie Godsman | $553,697 | $600,284 | $665,237 | $726,852 | $144,396 |
| David Stertzer | $500,000 | $500,000 | $354,167 | $501,823 | $143,856 |
| Armstrong Robinson | $423,918 | $374,017 | $372,702 | $341,588 | $82,447 |
| Suzanne Jacobs | — | $399,341 | $399,889 | $380,024 | $79,158 |
| Daniel Labert | $336,120 | $383,377 | $100,795 | — | — |
| Marguerite Seidel | $333,773 | $279,746 | $267,991 | $178,220 | — |
| Judith Durham | — | $209,747 | $235,613 | $172,884 | — |
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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Statement of Revenue
Balance Sheet
Financial Metrics
Same NTEE category, revenue band, and state where available. Descriptive — not a grade.
| Metric | This org | Peer median | Percentile |
|---|---|---|---|
| Revenue growth | 7% | — | — |
| Investment management fee ratio | 0% | — | — |
| Legal fee ratio | 0% | — | — |
| Accounting fee ratio | 1% | — | — |
Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.
Grants
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Filings & Schedule Manifest
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Sources
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