IRD Association Inc (EIN 364823388) - Form 990 Financial Analysis & Trantor Score

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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

2016

Legal Domicile

Principal Officer

Chet Knell

Phone

7247639050

Tax Period

2024-01-01 to 2024-12-31

IRD Association Inc, founded in 2016, is a small nonprofit in the Science & Technology sector that reported $165K in total revenue in fiscal year 2024.

Mission

An organization dedicated to the advancement of the steel industry

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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 $20,520

Program Service Revenue $144,667

Investment Income $294

Other Revenue $0

TOTAL REVENUE $165,481

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $142,979

Other Expenses $161,654

TOTAL EXPENSES $161,654

Year-over-Year Comparison

	2024	2023	Change
Revenue	$165,481	$166,296	0.0%
Expenses	$161,654	$176,613	-0.1%
Net Income	$3,827	$-10,317	-1.4%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Chet Knell	President	2.00	Officer Director	$0	$0	$0
William Drohan	Vice President	2.00	Officer Director	$0	$0	$0
Jacob Lopez	Treasurer	2.00	Officer Director	$0	$0	$0
Michael Chociej Jr	Secretary	2.00	Officer 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	No data	No data	No data	No data
2024	$165,481	$161,654	$109,714	$3,827
2023	$166,296	$176,613	$110,572	$-10,317
2022	$117,450	$106,679	$122,728	$10,771
2021	$2,858	$27,282	$105,432	$-24,424
2020	$2,337	$28,578	$129,204	$-26,241
2019	$104,467	$109,906	$155,445	$-5,439
2018	$94,422	$88,835	$160,884	$5,587

IRD Association Inc