INTERNATIONAL PRECIOUS METALS INSTITUTE INC

EIN: 301206732 Community Improvement

PENSACOLA, FL

Total Revenue
$1,449,219
Total Expenses
$1,043,759
Total Assets
$1,733,617
Net Assets
$1,481,613
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
2019
Legal Domicile
DE
Principal Officer
LAURENCE DRUMMOND
Phone
8504761156
Tax Period
2024-01-01 to 2024-12-31

INTERNATIONAL PRECIOUS METALS INSTITUTE INC, founded in 2019, is a community nonprofit in the Community Improvement sector that reported $1.4M in total revenue in fiscal year 2024. The organization ran a surplus of $405K, a strong 28% operating margin.

Mission

IPMI'S MISSION IS TO GLOBALLY SERVE ITS MEMBERSHIP BY PROMOTING AND SUPPORTING PRECIOUS METALS RELATED RESEARCH, EDUCATION, NETWORKING AND THE EXCHANGE OF INFORMATION.

🔒

Trantor Score

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

Sign in to view Trantor Score and financial metrics

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

Sign In — Free (10 views/day)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $1,146,893
Investment Income $35,360
Other Revenue $266,966
TOTAL REVENUE $1,449,219

Expense Breakdown

Grants Paid $0
Salaries & Benefits $317,037
Fundraising Expenses $0
Other Expenses $726,722
TOTAL EXPENSES $1,043,759

Year-over-Year Comparison

2024 2023 Change
Revenue $1,449,219 $1,355,642 +0.1%
Expenses $1,043,759 $954,373 +0.1%
Net Income $405,460 $401,269 +0.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
🔒

Financial Health Indicators

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

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Sign In

Governance

Voting Members
30
Independent Members
30
Employees
2
Volunteers
30

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
8
$208,749
Total Directors
30
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BECKY BERUBE BOARD MEMBER 1.00
Director
$0 $0 $0
CHRIS BONE BOARD MEMBER 1.00
Director
$0 $0 $0
CJ SAPRE BOARD MEMBER 1.00
Director
$0 $0 $0
DAVE DEUEL TREASURER 1.00
Officer Director
$0 $0 $0
EDGAR SMITH BOARD MEMBER 1.00
Director
$0 $0 $0
HITOSHI KOSAI BOARD MEMBER 1.00
Director
$0 $0 $0
JOHN DOUREKAS MARKETING OFFICER 1.00
Officer Director
$0 $0 $0
JONATHAN BUTLER PRESIDENT (AS OF JUNE 2024) 1.00
Officer Director
$0 $0 $0
JOSHUA HUSVAR BOARD MEMBER 1.00
Director
$0 $0 $0
LARS WHITE BOARD MEMBER 1.00
Director
$0 $0 $0
MARIA PIASTRE BOARD MEMBER 1.00
Director
$0 $0 $0
MARK CAFFAREY PRESIDENT (UNTIL JUNE 2024) 1.00
Officer Director
$0 $0 $0
MIGUEL PEREZ-SANTALLA BOARD MEMBER 1.00
Director
$0 $0 $0
MIKE MIKOLAY BOARD MEMBER 1.00
Director
$0 $0 $0
MIKE TROXELL BOARD MEMBER 1.00
Director
$0 $0 $0
MITCH COUGHLIN BOARD MEMBER 1.00
Director
$0 $0 $0
MONICA MELLAS BOARD MEMBER 1.00
Director
$0 $0 $0
PHILIP NEWMAN BOARD MEMBER 1.00
Director
$0 $0 $0
ROBYN SPROTT BOARD MEMBER 1.00
Director
$0 $0 $0
SAMANTHA MCCOURT BOARD MEMBER 1.00
Director
$0 $0 $0
SAM SABIN BOARD MEMBER 1.00
Director
$0 $0 $0
SCOTT SCHWARTZ COMPLIANCE OFFICER 1.00
Officer Director
$0 $0 $0
SEBASTIAN HENSEL BOARD MEMBER 1.00
Director
$0 $0 $0
SIMON CODRINGTON VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
STEVE CONTREAS BOARD MEMBER 1.00
Director
$0 $0 $0
STEVEN SCACALOSSI BOARD MEMBER 1.00
Director
$0 $0 $0
THEO KEUTER BOARD MEMBER 1.00
Director
$0 $0 $0
TOM RIELLY SECRETARY 1.00
Officer Director
$0 $0 $0
ZACHARY HENNEMAN BOARD MEMBER 1.00
Director
$0 $0 $0
ZBIGNIEW MILKIEWICZ BOARD MEMBER 1.00
Director
$0 $0 $0
LARRY DRUMMOND EXECUTIVE DIRECTOR 35.00
Officer
$208,749 $0 $208,749
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 $1,449,219 $1,043,759 $1,733,617 $405,460
2023 $1,355,642 $954,373 $1,309,179 $401,269
2022 $1,205,507 $755,801 $1,172,961 $449,706
2021 $836,026 $676,571 $560,495 $159,455
2020 $780,059 $854,278 $295,856 $-74,219
Explore More Nonprofits
Top 100 Nonprofits in Florida Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare INTERNATIONAL PRECIOUS METALS INSTITUTE INC with other nonprofits in Florida and across the country.