INSURED RETIREMENT INSTITUTE INC

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1991

Legal Domicile

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

THE MISSION OF THE INSURED RETIREMENT INSTITUTE IS TO: A. TO CHAMPION RETIREMENT SECURITY FOR ALL AMERICANS THROUGH LEADERSHIP IN ADVOCACY, AWARENESS, RESEARCH, AND ADVANCEMENT OF TECHNOLOGY SOLUTIONS WITHIN A COLLABORATIVE INDUSTRY COMMUNITY; ANDB. TO DO SUCH OTHER AND FURTHER THINGS AS MAY SERVE AND PROMOTE THE INDUSTRY AND THE COMMON BUSINESS INTERESTS OF ITS MEMBERSHIP

Program Service Accomplishments

Program 1

MEMBERSHIP & ENGAGEMENT:MEMBERSHIP SERVICES PROVIDES EDUCATION AND INFORMATION TO ASSOCIATION MEMBERS. THIS INCLUDES CONFERENCES THAT BRING TOGETHER ASSOCIATION MEMBERS AND OTHERS INTERESTED IN...

MEMBERSHIP & ENGAGEMENT:MEMBERSHIP SERVICES PROVIDES EDUCATION AND INFORMATION TO ASSOCIATION MEMBERS. THIS INCLUDES CONFERENCES THAT BRING TOGETHER ASSOCIATION MEMBERS AND OTHERS INTERESTED IN ANNUITY AND RETIREMENT PRODUCTS TO EDUCATE THEM ON CURRENT ISSUES, INCLUDING PRODUCT FEATURES AND BENEFITS.

Program 2

ADVOCACY:THE ASSOCIATION'S ADVOCACY PROGRAMS SEEK TO ADVANCE PUBLIC POLICY SOLUTIONS THAT EXPAND ACCESS TO WORKPLACE RETIREMENT PLANS AND PROTECTED INCOME PRODUCTS AND TO ENSURE ACCESS TO CONSUMERS'...

Program 3

OPERATIONS & TECHNOLOGY:THE ASSOCIATION'S OPERATIONS & TECHNOLOGY PROGRAMS SUPPORT THE INDUSTRY'S DEVELOPMENT OF DIGITAL SOLUTIONS FOR THE PURPOSE OF MEETING THE PRODUCT NEEDS AND SERVICE...

OPERATIONS & TECHNOLOGY:THE ASSOCIATION'S OPERATIONS & TECHNOLOGY PROGRAMS SUPPORT THE INDUSTRY'S DEVELOPMENT OF DIGITAL SOLUTIONS FOR THE PURPOSE OF MEETING THE PRODUCT NEEDS AND SERVICE EXPECTATIONS OF FINANCIAL PROFESSIONALS AND CONSUMERS.

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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%)

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

Governance

Voting Members

Independent Members

Employees

Volunteers

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

$1,736,484

Total Directors

$1,115,829

Key Employees

$852,417

Highest Compensated

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