ASSOCIATION OF INSOLVENCY AND RESTRUCTURING ADVISORS

EIN: 363421638

MEDFORD, OR

Total Revenue
$743,149
Total Expenses
$698,271
Total Assets
$518,700
Net Assets
$512,403
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1984
Legal Domicile
VA
Principal Officer
JAMES M LUKENDA
Phone
5418581665
Tax Period
2025-01-01 to 2025-12-31

ASSOCIATION OF INSOLVENCY AND RESTRUCTURING ADVISORS, founded in 1984, is a small nonprofit that reported $743K in total revenue in fiscal year 2025. Revenue decreased 5% compared to the prior year. Expenses of $698K left a modest 6% surplus.

Mission

The AIRA seeks to foster an understanding of the insolvency, reorganization and business turnaround practice sponsor relevant education programs and to administer the Certified Insolvency and Restructuring Advisor CIRA and the Certification in Distressed Business Valuation CDBV technical programs.

Program Service Accomplishments

Program 1
Expenses: $15,660 Revenue: $225,300

The Certified Insolvency and Restructuring Advisor CIRA certification program recognizes by public awareness those individuals who possess a high degree of knowledge and proficiency across a spectrum...

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The Certified Insolvency and Restructuring Advisor CIRA certification program recognizes by public awareness those individuals who possess a high degree of knowledge and proficiency across a spectrum of functions related to serving clients in situations involving distressed and/or insolvent entities. Such expertise includes accounting operational, strategic, taxation and finance issues related to business bankruptcy and insolvency. The certification is awarded following a comprehensive education program and examination process in which individuals must demonstrate a high level of competency in all of the foregoing areas.

Program 2
Expenses: $624 Revenue: $10,580

The Certification in Distressed Business Valuation CDBV is a unique certification program in valuation of distressed assets including distressed and/or bankrupt companies. The Association of...

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The Certification in Distressed Business Valuation CDBV is a unique certification program in valuation of distressed assets including distressed and/or bankrupt companies. The Association of Insolvency and Restructuring Advisors launched the CDBV program to train and accredit professionals in this highly specialized area of business valuation. The Intensive CDBV training program consists of a three-part course of study and a uniform written examination.

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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 (2025)

Revenue Breakdown

Contributions & Grants $503,350
Program Service Revenue $235,880
Investment Income $3,919
Other Revenue $0
TOTAL REVENUE $743,149

Expense Breakdown

Grants Paid $0
Salaries & Benefits $545,420
Fundraising Expenses $0
Program Expenses $16,284
Other Expenses $152,851
TOTAL EXPENSES $698,271

Year-over-Year Comparison

2025 2024 Change
Revenue $743,149 $783,114 -0.1%
Expenses $698,271 $703,378 0.0%
Net Income $44,878 $79,736 -0.4%
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
38
Independent Members
38
Employees
4
Volunteers
50

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
7
$252,443
Total Directors
38
$252,443
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
James M Lukenda Executive Director 040.00
Officer Director Highest
$200,000 $52,443 $252,443
Michael Stull IT Professional Education Director 040.00
Highest
$125,300 $19,643 $144,943
David Payne Director 001.00
Director
$0 $0 $0
Jose Monge-Robertin Vice President - Puerto Rico Chapter 001.00
Officer Director
$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
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
Matthew Fleming Director 001.00
Director
$0 $0 $0
Michael Fleming Director 001.00
Director
$0 $0 $0
Abhimanyu Gupta Director 001.00
Director
$0 $0 $0
James Katchadurian Director 001.00
Director
$0 $0 $0
Timothy Mohan Director 001.00
Director
$0 $0 $0
Briana Richards Director 001.00
Director
$0 $0 $0
James Schwarz Director 001.00
Director
$0 $0 $0
Heidi Sorvino Director 001.00
Director
$0 $0 $0
Teri Stratton Director 001.00
Director
$0 $0 $0
Kyle Sturgeon 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
2025 $743,149 $698,271 $518,700 $44,878
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
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