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Compensation 990 is an independent service that uses public IRS Form 990 filings as its source data. We clean and standardize this information, but the original filings may contain errors or omissions. Years on this site refer to the organization’s fiscal year end date on the filing.

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Organizations National Futures Association

National Futures Association

Fiscal year ending 2022. Filed on November 11, 2022.

300 S Riverside Plaza 1800
Chicago, Illinois 60606

National Futures Association (EIN: 36-2960981), also known as Nfa, has filed an IRS Form 990 since fiscal year 2017. In its fiscal year 2022 IRS Form 990 filing, National Futures Association, a 501(c)(6) business league, reported compensation for 17 out of 617 total employees. Among the employees shown here, the average compensation is $516,532. The highest compensated employee at National Futures Association is Thomas Sexton with fiscal year 2022 compensation of $965,535.

Revenue, expenses, and employee compensation

Revenue

$126,360,502

Expenses

$113,649,342

Employee compensation

$87,116,089
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Thomas Sexton
President and Chief Executive Officer
$965,535
$900,319 No related comp$65,216
Regina Thoele
Senior Vice President
$705,776
$640,747 No related comp$65,029
Carol Wooding
Vice President, GC, and Secretary
$681,396
$618,901 No related comp$62,495
Michael Otten
Vice President
$674,734
$611,534 No related comp$63,200
Timothy McHenry
Vice President
$667,950
$603,500 No related comp$64,450
Edward Dasso
Vice President
$653,178
$586,380 No related comp$66,798
David Hawrysz
Senior Vice President, CFO, and Treasurer
$596,977
$531,471 No related comp$65,506
Karen Wuertz
Senior Vice President
$536,226
$473,799 No related comp$62,427
Lauren Brinati
Vice President Admin Strategy RISK
$424,130
$372,375 No related comp$51,755
Dale Spoljaric
Managing Director, Compliance
$392,688
$338,994 No related comp$53,694
Joseph Zangri
Managing Director, Exams OTC
$389,119
$341,217 No related comp$47,902
Alessandra Riccardi
Managing Director, RISK OTC
$381,016
$320,670 No related comp$60,346

Benchmark Employee Compensation

Non-Employee Board Members

Douglas Harris
Board Member
$43,500
$43,500 No related compNo other comp
Michael Moskow
Board Member
$41,500
$41,500 No related compNo other comp
Todd Petzel
Board Member
$40,000
$40,000 No related compNo other comp
Ronald Oppenheimer
Board Member
$37,000
$37,000 No related compNo other comp
Mary McDonnell
Board Member
$35,000
$35,000 No related compNo other comp
Ronald Filler
Board Member
$27,000
$27,000 No related compNo other comp
Michael Schaefer
Board Member
$21,500
$21,500 No related compNo other comp
Jim Marshall
Board Member (Thru 2/2022)
$21,500
$21,500 No related compNo other comp
Arthur Hahn
Board Member
$21,000
$21,000 No related compNo other comp
Michael Dawley
Board Member
$20,000
$20,000 No related compNo other comp
Thomas Kadlec
Board Member
$16,000
$16,000 No related compNo other comp
David Goone
Board Member
$16,000
$16,000 No related compNo other comp

Contractors

3CLOUD LLC
IT Security
$1,682,879
Cdw Direct LLC
Computer Support
$1,252,095
Redlegg
IT Security
$910,885
Nasdaq Technology Ab
Data
$858,203
Inguardians
IT Security
$418,880

Mission Statement

AS A CONGRESSIONALLY AUTHORIZED SELF-REGULATORY ORGANIZATION, NATIONAL FUTURES ASSOCIATION (NFA) IS THE SELF-REGULATORY ORGANIZATION FOR THE U.S. DERIVATIVES INDUSTRY, INCLUDING EXCHANGE TRADED FUTURES, RETAIL OFF-EXCHANGE FOREIGN CURRENCY (FOREX) AND (CONTINUED IN SCHEDULE O) (CONTINUANCE OF PART III, LINE 1)OTC DERIVATIVES (SWAPS). NFA HAS DEVELOPED AND ENFORCES RULES, PROVIDES PROGRAMS AND OFFERS SERVICES THAT SAFEGUARD MARKET INTEGRITY, PROTECT INVESTORS AND HELP OUR MEMBERS MEET THEIR REGULATORY RESPONSIBILITIES.

Revisions to this organization profile

November 13, 2025:
2025 National Futures Association 990 filed
November 13, 2024:
2024 National Futures Association 990 filed
November 14, 2023:
2023 National Futures Association 990 filed

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