INSTITUTE OF PACKAGING PROFESSIONA… - Form 990 Financial Data

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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

1945

Legal Domicile

Principal Officer

JANE CHASE

Phone

5712664403

Tax Period

2024-01-01 to 2024-12-31

INSTITUTE OF PACKAGING PROFESSIONALS, founded in 1945, is a community nonprofit in the Community Improvement sector that reported $1.2M in total revenue in fiscal year 2024. Revenue decreased 19% compared to the prior year. Expenses of $984K left a modest 14% surplus.

Mission

IOPP IS AN INTERNATIONAL PROFESSIONAL MEMBERSHIP ORGANIZATION DEDICATED TO CREATING NETWORKING AND EDUCATIONAL OPPORTUNITIES THAT HELP PACKAGING PROFESSIONALS SUCCEED.

Program Service Accomplishments

Program 1

Expenses: $577,253 Revenue: $1,019,641

EDUCATION -- TO DEVELOP AND OFFER COURSES, SEMINARS AND OTHER EDUCATIONAL ACTIVITIES TO EDUCATE THOSE ENGAGED IN THE PACKAGING INDUSTRY.

Program 2

Expenses: $48,621 Revenue: $55,486

PUBLICATIONS -- DESIGNED TO PROMOTE INNOVATIONS AND EDUCATION TO MEMBERS AND NONMEMBERS OF THE PACKAGING AND HANDLING PROFESSION. APPROXIMATELY 13 ACTIVE PUBLICATIONS ARE AVAILABLE.

Program 3

Revenue: $13,365

SPECIALISTS -- PROVIDES ACCREDITATION AND CERTIFICATION FOR MEMBERS DEMONSTRATING SIGNIFICANT INDUSTRY EXPERTISE AND EXPERIENCE, MEASURED THROUGH A TESTING PROCESS.

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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 $1,088,492

Investment Income $32,213

Other Revenue $29,810

TOTAL REVENUE $1,150,515

Expense Breakdown

Grants Paid $10,000

Salaries & Benefits $603,175

Fundraising Expenses $0

Program Expenses $645,374

Other Expenses $371,127

TOTAL EXPENSES $984,302

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,150,515	$1,421,452	-0.2%
Expenses	$984,302	$1,047,297	-0.1%
Net Income	$166,213	$374,155	-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

N/A

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

$123,832

Total Directors

$603,175

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NICOLE KANDOTH	VP MEMBERSHIP	2.00	Officer Director	$0	$0	$0
TOM SEYMOUR	CHAIR	2.00	Officer Director	$0	$0	$0
JANE CHASE NON-VOTING	EXECUTIVE DIRECTOR/SECRETA	30.00	Officer Director	$123,832	$0	$123,832
BRIAN STEPOWANY	DIRECTOR	2.00	Director	$0	$0	$0
AMY STEWART	VICE CHAIR	2.00	Officer Director	$0	$0	$0
MATT SWENSON	DIRECTOR	2.00	Director	$0	$0	$0
MICHAEL OKOROAFOR	DIRECTOR	2.00	Director	$0	$0	$0
ERIC HENDERSON	TREASURER	2.00	Officer Director	$0	$0	$0
UKACHI ANONYUO	DIRECTOR	2.00	Director	$0	$0	$0
WILLIAM SINGLETON	VP EDUCATION	2.00	Officer Director	$0	$0	$0
JIM GEORGE NON-VOTING	DIRECTOR OF EDUCATION	40.00	Director	$130,078	$0	$130,078
SARAH WASHBURN NON-VOTING	GENERAL MANAGER	40.00	Director	$124,865	$0	$124,865
BARBARA DYKES NON-VOTING	MEMBERSHIP MANAGER	25.00	Director	$78,097	$0	$78,097
LEANNE MUNOZ NON-VOTING	MARKETING & COMMUNICATION	40.00	Director	$96,303	$0	$96,303
KRISTON EWOLDT NON-VOTING	MEMBERSHIP DEVELOPMENT MANAGER	25.00	Director	$50,000	$0	$50,000

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	$1,150,515	$984,302	$1,415,124	$166,213
2023	$1,421,452	$1,047,297	$1,178,423	$374,155
2022	$1,230,760	$961,257	$694,857	$269,503
2021	$1,107,595	$852,867	$576,050	$254,728
2020	$996,979	$819,282	$258,412	$177,697
2019	$1,034,621	$961,893	$212,812	$72,728
2018	$1,024,761	$1,032,193	$183,702	$-7,432

INSTITUTE OF PACKAGING PROFESSIONALS