IRES FOUNDATION (EIN 431589012) - 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

1991

Legal Domicile

Principal Officer

NICHOLAS MARRANGONI

Phone

6124862536

Tax Period

2025-01-01 to 2025-12-31

IRES FOUNDATION, founded in 1991, is a small nonprofit in the Arts, Culture & Humanities sector that reported $312K in total revenue in fiscal year 2025. The organization ran a surplus of $68K, a strong 22% operating margin.

Mission

TO ASSIST IN THE DEVELOPMENT OF EDUCATIONAL AND TRAINING OPPORTUNITIES FOR PROFESSIONAL INSURANCE REGULATORS AS WELL AS EDUCATING THE PRIVATE SECTOR ABOUT STATE INSURANCE REGULATION.

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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 (2025)

Revenue Breakdown

Contributions & Grants $133,085

Program Service Revenue $171,605

Investment Income $6,893

Other Revenue $0

TOTAL REVENUE $311,583

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $174,024

Other Expenses $243,867

TOTAL EXPENSES $243,867

Year-over-Year Comparison

	2025	2024	Change
Revenue	$311,583	$293,202	+0.1%
Expenses	$243,867	$366,280	-0.3%
Net Income	$67,716	$-73,078	-1.9%

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

N/A

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
SUE STEAD	DIRECTOR	2.00	Director	$0	$0	$0
CHERYL DAVIS	CHAIR	5.00	Officer Director	$0	$0	$0
ROBIN CLOVER	VICE CHAIR	5.00	Officer Director	$0	$0	$0
TIM CERCELLE	DIRECTOR	2.00	Director	$0	$0	$0
JANETTE ADAIR	PRESIDENT	5.00	Officer Director	$0	$0	$0
MATTIA SCHARFSTEIN	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
LISA BROWN	DIRECTOR	2.00	Director	$0	$0	$0
KARA BAYSINGER	DIRECTOR	2.00	Director	$0	$0	$0
JENNIFER STEPHEN	DIRECTOR	2.00	Director	$0	$0	$0
NICHOLAS MARRANGONI	TREASURER	5.00	Officer Director	$0	$0	$0
JASON ZITNEY	DIRECTOR	2.00	Director	$0	$0	$0
ROBIN BOGDANICH	SECRETARY	5.00	Officer Director	$0	$0	$0
RON KOTOWSKI	DIRECTOR	2.00	Director	$0	$0	$0
PAMELA BISHOP	DIRECTOR	2.00	Director	$0	$0	$0
MIKE ROHAN	DIRECTOR	2.00	Director	$0	$0	$0
CHRISTINE PALMIERI	DIRECTOR	2.00	Director	$0	$0	$0
CARA ST MARTIN	DIRECTOR	2.00	Director	$0	$0	$0
MICHAEL HAILER	DIRECTOR	2.00	Director	$0	$0	$0
FRED KARLINSKY	DIRECTOR	2.00	Director	$0	$0	$0
SCOTT WHITAKER	DIRECTOR	2.00	Director	$0	$0	$0
VICKIE BULGER	DIRECTOR	2.00	Director	$0	$0	$0
ANTHONY HABAYEB	DIRECTOR	2.00	Director	$0	$0	$0
LISA HOLLAND	DIRECTOR	2.00	Director	$0	$0	$0
FAYE JOHNSON	DIRECTOR	2.00	Director	$0	$0	$0
GREGG MARTINO	DIRECTOR	2.00	Director	$0	$0	$0
PAIGE WATERS	DIRECTOR	2.00	Director	$0	$0	$0
DAMIAN SEPANIK	DIRECTOR	2.00	Director	$0	$0	$0
ANN FROHMAN	DIRECTOR	2.00	Director	$0	$0	$0
KIM BROWN	DIRECTOR	2.00	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	$311,583	$243,867	$376,561	$67,716
2024	$293,202	$366,280	$308,845	$-73,078
2023	$286,459	$242,786	$381,923	$43,673
2022	$191,264	$182,804	$363,075	$8,460
2021	$155,791	$93,608	$349,290	$62,183
2020	$35,022	$80,371	$374,472	$-45,349
2019	$247,554	$248,250	$358,576	$-696
2018	$245,993	$202,839	$380,795	$43,154

IRES FOUNDATION