INSURED RETIREMENT INSTITUTE INC

EIN: 061328907

WASHINGTON, DC

Total Revenue
$9,282,284
Total Expenses
$8,994,998
Total Assets
$8,370,490
Net Assets
$2,034,709
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1991
Legal Domicile
CT
Principal Officer
WAYNE CHOPUS
Phone
2024693000
Tax Period
2024-01-01 to 2024-12-31

INSURED RETIREMENT INSTITUTE INC, founded in 1991, is a community nonprofit that reported $9.3M in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $9.0M left a modest 3% surplus.

Mission

TO PROMOTE UNDERSTANDING OF AND ADVOCATE ON ISSUES AFFECTING INSURED RETIREMENT STRATEGIES.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $9,275,698
Investment Income $15,134
Other Revenue $-8,548
TOTAL REVENUE $9,282,284

Expense Breakdown

Grants Paid $0
Salaries & Benefits $5,805,530
Fundraising Expenses $0
Other Expenses $3,189,468
TOTAL EXPENSES $8,994,998

Year-over-Year Comparison

2024 2023 Change
Revenue $9,282,284 $8,367,810 +0.1%
Expenses $8,994,998 $8,082,751 +0.1%
Net Income $287,286 $285,059 +0.0%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
38
Independent Members
37
Employees
22
Volunteers
40

Governance Policies

✓ Conflict of Interest Policy
✓ Whistleblower Policy
✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
⚠ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
6
$1,736,484
Total Directors
46
$1,115,829
Key Employees
2
$852,417
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BILL LOWE DIRECTOR 2.00
Director
$0 $0 $0
BOB MCGOWAN DIRECTOR 2.00
Director
$0 $0 $0
CHRISTIE LOFTUS DIRECTOR 2.00
Director
$0 $0 $0
CHRISTOPHER GRADY DIRECTOR 2.00
Director
$0 $0 $0
COLBERT NARCISSE DIRECTOR (AS OF 5/24) 2.00
Director
$0 $0 $0
COLLEEN TYCZ DIRECTOR (AS OF 9/24) 2.00
Director
$0 $0 $0
COREY WALTHER EXECUTIVE OFFICER, VICE CHAIR 2.00
Officer Director
$0 $0 $0
CRAIG HAWLEY DIRECTOR (AS OF 8/24) 2.00
Director
$0 $0 $0
DEV GANGULY DIRECTOR 2.00
Director
$0 $0 $0
DOUG BRIGMAN DIRECTOR (UNTIL 8/24) 2.00
Director
$0 $0 $0
DYLAN TYSON DIRECTOR 2.00
Director
$0 $0 $0
ERIC HENDERSON DIRECTOR (UNTIL 8/24) 2.00
Director
$0 $0 $0
GRAHAM DAY DIRECTOR (UNTIL 5/24) 2.00
Director
$0 $0 $0
JACOB ARMSTRONG DIRECTOR (UNTIL 9/24) 2.00
Director
$0 $0 $0
JAMIE OHL DIRECTOR 2.00
Director
$0 $0 $0
JAY JACKSON DIRECTOR (AS OF 5/24) 2.00
Director
$0 $0 $0
JEFF LORENZEN DIRECTOR (AS OF 8/24) 2.00
Director
$0 $0 $0
JOE NEARY DIRECTOR 2.00
Director
$0 $0 $0
JOE SCHULTZ DIRECTOR 2.00
Director
$0 $0 $0
JOHN KENNEDY DIRECTOR 2.00
Director
$0 $0 $0
JOHN SCHOBEL DIRECTOR 2.00
Director
$0 $0 $0
JORDAN JACKSON DIRECTOR (AS OF 8/24) 2.00
Director
$0 $0 $0
JOSEPH TOLEDANO DIRECTOR 2.00
Director
$0 $0 $0
KATHERINE ROY DIRECTOR 2.00
Director
$0 $0 $0
KEVIN KENNEDY DIRECTOR 2.00
Director
$0 $0 $0
LAURA PANTALEO DIRECTOR 2.00
Director
$0 $0 $0
MARCI GREEN DIRECTOR 2.00
Director
$0 $0 $0
MATTHEW WION DIRECTOR (AS OF 5/24) 2.00
Director
$0 $0 $0
MELISSA KIVETT DIRECTOR (UNTIL 4/24) 2.00
Director
$0 $0 $0
MICHAEL EUSTIC DIRECTOR 2.00
Director
$0 $0 $0
MICHAEL STURM DIRECTOR 2.00
Director
$0 $0 $0
MYLES LAMBERT DIRECTOR 2.00
Director
$0 $0 $0
PAUL LUCAS DIRECTOR 2.00
Director
$0 $0 $0
PAULA NELSON EXECUTIVE OFFICER, TREASURER 2.00
Officer Director
$0 $0 $0
PETE LANDRY DIRECTOR (UNTIL 8/24) 2.00
Director
$0 $0 $0
PHILIP PELLEGRINO EXECUTIVE OFFICER, CHAIR 2.00
Officer Director
$0 $0 $0
ROBERT JAMEISON DIRECTOR 2.00
Director
$0 $0 $0
ROBERT PETTMAN DIRECTOR (UNTIL 4/24) 2.00
Director
$0 $0 $0
SEAN BAKER DIRECTOR 2.00
Director
$0 $0 $0
SRINIVAS REDDY DIRECTOR 2.00
Director
$0 $0 $0
STEVE SCANLON DIRECTOR 2.00
Director
$0 $0 $0
TERRI FIEDLER DIRECTOR 2.00
Director
$0 $0 $0
TIM FROEHLICH DIRECTOR (AS OF 9/24) 2.00
Director
$0 $0 $0
TODD TAYLOR DIRECTOR (UNTIL 5/24) 2.00
Director
$0 $0 $0
WAYNE CHOPUS PRESIDENT AND CEO 39.50
Officer Director
$1,055,626 $60,203 $1,115,829
WESLEY SEVERIN DIRECTOR 2.00
Director
$0 $0 $0
CHRISTINA BRADY CHIEF OPERATING OFFICER (UNTIL 10/24) 37.50
Officer
$236,286 $39,730 $276,016
SHANI ARMON CHIEF OPERATING OFFICER (AS OF 10/24) 37.50
Officer
$324,634 $20,005 $344,639
JASON BERKOWITZ CHIEF LEGAL AND REGULATORY OFFICER 37.50
Key Emp
$403,411 $65,823 $469,234
PAUL RICHMAN CHIEF GOVERNMENT AND POLITICAL AFFAIRS OFFICER 37.50
Key Emp
$341,161 $42,022 $383,183
DANIEL ZIELINSKI CHIEF STRATEGIC COMMUNICATIONS OFFICER 37.50
Highest
$221,582 $51,326 $272,908
FRANCIS O'CONNOR VP, RESEARCH 37.50
Highest
$206,065 $48,749 $254,814
KATHERINE DEASE CHIEF TECHNOLOGY AND INNOVATION OFFICER 37.50
Highest
$324,048 $18,901 $342,949
REBECCA PLOWMAN DIRECTOR, COMPLIANCE AND IMPLEMENTATION 37.50
Highest
$159,446 $12,848 $172,294
SARAH WOOD DIRECTOR, STATE POLICY AND REGULATORY AFFAIRS 37.50
Highest
$170,862 $17,490 $188,352
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $9,282,284 $8,994,998 $8,370,490 $287,286
2023 $8,367,810 $8,082,751 $9,201,441 $285,059
2022 $7,843,936 $7,440,632 $7,829,524 $403,304
2021 $6,870,255 $6,613,102 $7,466,571 $257,153
2020 $6,047,207 $6,025,741 $5,758,706 $21,466
2019 $6,123,809 $6,584,362 $5,282,706 $-460,553
2018 $6,416,472 $6,403,358 $5,399,693 $13,114
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