ASSOCIATION OF INSOLVENCY AND RESTRUCTURING ADVISORS (EIN 363421638) - Form 990 Financial Analysis & Trantor Score

🔒

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

Financial Trends

Organization Details

Formation Year

1984

Legal Domicile

Principal Officer

JAMES M LUKENDA

Phone

5418581665

Tax Period

2024-01-01 to 2024-12-31

ASSOCIATION OF INSOLVENCY AND RESTRUCTURING ADVISORS, founded in 1984, is a small nonprofit that reported $783K in total revenue in fiscal year 2024. Expenses of $703K left a modest 10% surplus.

Mission

To foster an understanding of the insolvency reorganization and business turnaround practice sponsor relevant education programs and to administer certification in the CIRA and CDBV technical programs

🔒

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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $529,855

Program Service Revenue $249,570

Investment Income $3,689

Other Revenue $0

TOTAL REVENUE $783,114

Expense Breakdown

Grants Paid $0

Salaries & Benefits $549,554

Fundraising Expenses $0

Program Expenses $15,956

Other Expenses $153,824

TOTAL EXPENSES $703,378

Year-over-Year Comparison

	2024	2023	Change
Revenue	$783,114	$757,183	+0.0%
Expenses	$703,378	$727,987	0.0%
Net Income	$79,736	$29,196	+1.7%

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

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

$256,688

Total Directors

$256,688

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
James M Lukenda	Executive Director	040.00	Officer Director Highest	$200,000	$56,688	$256,688
Michael Stull	IT Professional Education Director	040.00	Highest	$117,410	$18,123	$135,533
David Payne	Director	001.00	Director	$0	$0	$0
Jose Monge-Robertin	Vice President - Puerto Rico Chapter	001.00	Officer Director Highest	$0	$0	$0
David Bart	Board of Directors	001.00	Director	$0	$0	$0
Charles Carroll	Board of Directors	001.00	Director	$0	$0	$0
Kevin Clancy	Board of Directors	001.00	Director	$0	$0	$0
Eric Danner	President, Director	001.00	Officer Director	$0	$0	$0
Stephen Darr	Board of Directors	001.00	Director	$0	$0	$0
Leah Eisenberg	Board of Directors	001.00	Director	$0	$0	$0
Kenneth Enos	Secretary, Director	001.00	Officer Director	$0	$0	$0
Mychal Harrison	Board of Directors	001.00	Director	$0	$0	$0
S Gregory Hayes	Board of Directors	001.00	Director	$0	$0	$0
Thomas Jeremiassen	Board of Directors	001.00	Director	$0	$0	$0
Eric Kerwood	Board of Directors	001.00	Director	$0	$0	$0
Karl Knechtel	Board of Directors	001.00	Director	$0	$0	$0
Kevin McCoy	Board of Directors	001.00	Director	$0	$0	$0
Jennifer Meyerowitz	Board of Directors	001.00	Director	$0	$0	$0
Richard Newman	Board of Directors	001.00	Director	$0	$0	$0
Brian Ryniker	Board of Directors	001.00	Director	$0	$0	$0
Angela Shortall	Board of Directors	001.00	Director	$0	$0	$0
Andrew Silfen	Board of Directors	001.00	Director	$0	$0	$0
Robert Swartz	Treasurer, Director	001.00	Officer Director	$0	$0	$0
Scott Williams	Board of Directors	001.00	Director	$0	$0	$0
Richard Wright	Board of Directors	001.00	Director	$0	$0	$0
Katherine Catanese	Board of Directors	001.00	Director	$0	$0	$0
Evan Hengel	Board of Directors	001.00	Director	$0	$0	$0
Denise Lorenzo	Chairperson, Director	001.00	Officer Director	$0	$0	$0
Boris Steffen	President Elect, Director	001.00	Officer Director	$0	$0	$0
Ira Herman	Director	001.00	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	$783,114	$703,378	$461,674	$79,736
2023	$757,183	$727,987	$367,852	$29,196
2022	$651,406	$718,703	$317,577	$-67,297
2021	$792,443	$725,185	$426,657	$67,258
2020	$928,135	$836,045	$350,778	$92,090

ASSOCIATION OF INSOLVENCY AND RESTRUCTURING ADVISORS