THE INSTITUTE OF INTERNAL AUDITORS INC (EIN 135532538) - Form 990 Financial Analysis & Trantor Score

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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

1941

Legal Domicile

Principal Officer

ANTHONY PUGLIESE

Phone

4079371100

Tax Period

2023-01-01 to 2023-12-31

THE INSTITUTE OF INTERNAL AUDITORS INC, founded in 1941, is a mid-sized nonprofit that reported $73.4M in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $70.9M left a modest 3% surplus.

Mission

TO ADVANCE THE INTERNAL AUDIT PROFESSION AROUND THE WORLD BY ADVOCATING AND PROMOTING INTERNAL AUDIT'S VALUE TO KEY STAKEHOLDERS.(CONTINUED IN SCHEDULE O)

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $71,995,786

Investment Income $840,583

Other Revenue $600,348

TOTAL REVENUE $73,436,717

Expense Breakdown

Grants Paid $169,030

Salaries & Benefits $29,386,466

Fundraising Expenses $0

Other Expenses $41,353,458

TOTAL EXPENSES $70,908,954

Year-over-Year Comparison

	2023	2022	Change
Revenue	$73,436,717	$64,245,574	+0.1%
Expenses	$70,908,954	$63,143,613	+0.1%
Net Income	$2,527,763	$1,101,961	+1.3%

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

259

Volunteers

211

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

$1,682,348

Total Directors

$1,105,483

Key Employees

$2,278,096

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Anthony Pugliese	President & CEO	39.0	Officer Director	$887,853	$155,630	$1,043,483
Ann S Cohen	CFO-EVP, ACCT, FINANCE, & TECH	40.0	Officer	$526,309	$112,556	$638,865
Charles Redding	CIO	40.0	Highest	$455,775	$76,140	$531,915
Javier Faleato	EVP GLOBAL STRATEGY	34.0	Key Emp	$390,705	$125,493	$516,198
Brad Monterio	EVP MEM COMPETENCY & LEARNING	40.0	Key Emp	$377,297	$112,241	$489,538
Matthew Young	EVP GLOBAL ADVOCACY	40.0	Key Emp	$367,246	$105,046	$472,292
Lindsay Patterson	EVP - MEM, MKT & COMM	40.0	Key Emp	$336,009	$110,233	$446,242
Ying BI	EVP STANDARD, C&F (THRU 06/23)	40.0	Key Emp	$276,731	$77,095	$353,826
Janet Ghosh	Chief People Officer	40.0	Highest	$272,529	$51,732	$324,261
Greg Applegate	VP Global Cert. (THRU 12/23)	40.0	Highest	$252,926	$27,170	$280,096
Mayank Saxena	Sr Dir Business/Technology	40.0	Highest	$229,230	$39,448	$268,678
Bonnie Ulmer	Dir Corporate Gov.(THRU 09/23)	40.0	Highest	$242,171	$19,623	$261,794
BENITO YBARRA	EVP GLOBAL STAND (THRU 6/23)	40.0	Director	$62,000	$0	$62,000
Charlie T Wright Thru 623	Immediate Past Chair	10.0	Officer Director	$0	$0	$0
Sally-Anne Pitt	Senior Vice Chairman	10.0	Director	$0	$0	$0
Theresa Grafenstine	Director	10.0	Director	$0	$0	$0
Dr Hussam Alangari	Director	10.0	Director	$0	$0	$0
Ernesto Martinez Gomez	Vice Chair (THRU 6/23)	10.0	Director	$0	$0	$0
Lishuang Fang	Director (THRU 6/23)	10.0	Director	$0	$0	$0
Sakiko Sakai	ONA Lead Director (THRU 6/23)	10.0	Director	$0	$0	$0
Tania Stegemann	Director (THRU 6/23)	10.0	Director	$0	$0	$0
Jose Esposito Li Carrillo	Director (THRU 6/23)	10.0	Director	$0	$0	$0
Stefano Comotti	Director	10.0	Director	$0	$0	$0
Karen Brady	Director (THRU 6/23)	10.0	Director	$0	$0	$0
Mike Levy	Director (THRU 6/23)	10.0	Director	$0	$0	$0
R Mike Varney	Director	10.0	Director	$0	$0	$0
Thomas C Sanglier II	NA Board Chair (THRU 6/23)	10.0	Director	$0	$0	$0
Elizabeth Honer	Director (THRU 6/23)	10.0	Director	$0	$0	$0
Elizabeth Sullivan	Director	10.0	Director	$0	$0	$0
Emmanuel Johannes	Director	10.0	Director	$0	$0	$0
Hiroshi Naka	Director	10.0	Director	$0	$0	$0
Huibo Liu	Director	10.0	Director	$0	$0	$0
Jorge Badillo Ayala	Director	10.0	Director	$0	$0	$0
Larry Herzog Butler	Director	10.0	Director	$0	$0	$0
Beili Wong	Director	10.0	Director	$0	$0	$0
Isabel Denison	Director	10.0	Director	$0	$0	$0
Reyes Fuentes Ortea	Director	10.0	Director	$0	$0	$0
Yulia Gurman	Director	10.0	Director	$0	$0	$0
STACEY SHABEL	Director	10.0	Director	$0	$0	$0

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	No data	No data	No data	No data
2023	$73,436,717	$70,908,954	$114,842,209	$2,527,763
2022	$64,245,574	$63,143,613	$99,489,012	$1,101,961
2021	$59,361,984	$50,875,744	$101,351,692	$8,486,240
2020	$49,674,352	$46,157,693	$90,555,001	$3,516,659
2019	$63,002,523	$58,584,064	$83,689,185	$4,418,459
2018	$63,597,821	$57,054,058	$75,070,206	$6,543,763

THE INSTITUTE OF INTERNAL AUDITORS INC