Institute for Portfolio Alternatives Inc (EIN 222597521) - 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

1985

Legal Domicile

Principal Officer

Anya Coverman

Phone

2025487190

Tax Period

2024-01-01 to 2024-12-31

Institute for Portfolio Alternatives Inc, founded in 1985, is a community nonprofit that reported $5.6M in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion. The organization ran a surplus of $1.0M, a strong 19% operating margin.

Mission

Advancing the alternative investments industry by promoting best practices, engaging in regulatory and legislative advocacy, and providing education.

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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 $9,208

Program Service Revenue $5,449,538

Investment Income $116,341

Other Revenue $9,073

TOTAL REVENUE $5,584,160

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,648,562

Fundraising Expenses $0

Other Expenses $2,902,412

TOTAL EXPENSES $4,550,974

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,584,160	$4,841,673	+0.2%
Expenses	$4,550,974	$4,190,015	+0.1%
Net Income	$1,033,186	$651,658	+0.6%

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

$433,686

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Anya Coverman	President & CEO	40.00	Officer	$419,886	$13,800	$433,686
Megan Gavin	Director, Strategic Partnerships	40.00		$321,088	$21,741	$342,829
Anh Romero	Director, Finance	40.00		$150,000	$6,600	$156,600
Mr Brendan Cuddihy	Director	0.50	Director	$0	$0	$0
Mr Michael Ezzell	Director	0.50	Director	$0	$0	$0
Mr Jay Frank	Director	0.50	Director	$0	$0	$0
Mr James Hannigan	Director	0.50	Director	$0	$0	$0
Mr Michael Keogh	Director	0.50	Director	$0	$0	$0
Mr Dennis Martin	Director	0.50	Director	$0	$0	$0
Mr Patrick McGowan	Director	0.50	Director	$0	$0	$0
Ms Christina Fast Adamson	Director	0.50	Director	$0	$0	$0
Mr Brad Sussman	Director	0.50	Director	$0	$0	$0
Ms Nancy Fahmy	Director	0.50	Director	$0	$0	$0
Mr Jerry Pascucci	Director	0.50	Director	$0	$0	$0
Mr Brian Hurley	Director	0.50	Director	$0	$0	$0
Mr Chase Bolding	Director	0.50	Director	$0	$0	$0
Ms Sheila Rapple	Director	0.50	Director	$0	$0	$0
Mr Thayer Gallison	Director	0.50	Director	$0	$0	$0
Mr Jason Goode	Director	0.50	Director	$0	$0	$0
Mr Chris Shaw	Director	0.50	Director	$0	$0	$0
Mr John McCarthy	Director	0.50	Director	$0	$0	$0
Mr Paul Mumma	Director	0.50	Director	$0	$0	$0
Ms Angie Fisher	Director	0.50	Director	$0	$0	$0
Mr Michael Sealy	Director	0.50	Director	$0	$0	$0
Mr Dallas Whitaker	Director	0.50	Director	$0	$0	$0
Mr Patrick Willis	Director	0.50	Director	$0	$0	$0
Mr Scott Napier	Director	0.50	Director	$0	$0	$0
Mr Daniel Cullen	Director	0.50	Director	$0	$0	$0
Mr Justin Schwartz	Director	0.50	Director	$0	$0	$0
Ms Alison Nest	Director	0.50	Director	$0	$0	$0
Mr Brian Ruben	Director	0.50	Director	$0	$0	$0
Mr Peter Schaffer	Director	0.50	Director	$0	$0	$0
Ms Kate Winters	Director	0.50	Director	$0	$0	$0
Mr Chirag Bhavsar	Chair	0.50	Officer	$0	$0	$0
Mr Matt Fries	Chair Emeritus	0.50	Officer	$0	$0	$0
Mr Bill Duffy	Chair Elect	0.50	Officer	$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	$5,584,160	$4,550,974	$3,759,764	$1,033,186
2023	$4,841,673	$4,190,015	$2,374,020	$651,658
2022	$4,576,207	$4,163,543	$1,784,232	$412,664
2021	$3,534,646	$3,558,514	$1,460,479	$-23,868
2020	$1,906,864	$2,677,251	$1,334,951	$-770,387
2019	$3,383,875	$3,356,359	$1,940,785	$27,516
2018	$3,427,591	$3,089,242	$1,931,325	$338,349

Institute for Portfolio Alternatives Inc