Industrial Representatives Association Inc

EIN: 223628257

Aberdeen, MD

Total Revenue
$128,341
Total Expenses
$132,726
Total Assets
$32,074
Net Assets
$32,074
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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
1958
Legal Domicile
MD
Principal Officer
Chris Carr
Phone
4435670177
Tax Period
2024-01-01 to 2024-12-31

Industrial Representatives Association Inc, founded in 1958, is a small nonprofit that reported $128K in total revenue in fiscal year 2024.

Mission

To assist in promoting and maintaining better relations between industry and the government agencies to which industry is represented through the association's members

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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 $128,341
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $128,341

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $109,522
Other Expenses $132,726
TOTAL EXPENSES $132,726

Year-over-Year Comparison

2024 2023 Change
Revenue $128,341 N/A N/A
Expenses $132,726 N/A N/A
Net Income $-4,385 $0 N/A
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
6
Independent Members
6
Employees
N/A
Volunteers
12

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
2
$0
Total Directors
0
$0
Key Employees
2
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Angela Sheldon President 2
Officer
$0 $0 $0
Payne Ford Vice President 2
Officer
$0 $0 $0
Chris Carr Secretary 2
Key Emp
$0 $0 $0
Devin Edwards Treasurer 2
Key Emp
$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 $128,341 $132,726 $32,074 $-4,385
2022 $140,613 $155,703 $40,129 $-15,090
2021 $88,690 $106,018 $55,219 $-17,328
2020 $69,318 $47,190 $71,379 $22,128
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