INSTITUTE FOR PROFESSIONALS IN TAXATION

EIN: 521396078 501(c)(3) Public & Societal Benefit

ATLANTA, GA

Total Revenue
$6,317,751
Total Expenses
$5,353,116
Total Assets
$13,487,197
Net Assets
$12,210,744
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1976
Legal Domicile
DC
Principal Officer
CHRIS G MUNTIFERING
Phone
4042402300
Tax Period
2025-01-01 to 2025-12-31

INSTITUTE FOR PROFESSIONALS IN TAXATION, founded in 1976, is a community nonprofit in the Public & Societal Benefit sector that reported $6.3M in total revenue in fiscal year 2025. Revenue grew 19% year-over-year, indicating healthy expansion. The organization ran a surplus of $965K, a strong 15% operating margin.

Mission

THE INSTITUTE IS DEDICATED TO FOSTERING AND PROMOTING UNIFORM AND EQUITABLE ADMINISTRATION OF STATE AND LOCAL TAXATION.

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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 $453,750
Program Service Revenue $5,061,764
Investment Income $776,087
Other Revenue $26,150
TOTAL REVENUE $6,317,751

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,944,913
Fundraising Expenses $0
Program Expenses $4,236,195
Other Expenses $3,408,203
TOTAL EXPENSES $5,353,116

Year-over-Year Comparison

2025 2024 Change
Revenue $6,317,751 $5,311,858 +0.2%
Expenses $5,353,116 $4,615,246 +0.2%
Net Income $964,635 $696,612 +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
13
Independent Members
13
Employees
16
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
5
$0
Total Directors
12
$0
Key Employees
1
$415,788
Highest Compensated
4
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MONTGOMERY E BRANTLEY BOARD OF GOVERNORS 2.00
Director
$0 $0 $0
RODNEY L COLE BOARD OF GOVERNORS 2.00
Director
$0 $0 $0
MICHELLE DELAPPE BOARD OF GOVERNORS (P) 2.00
Director
$0 $0 $0
JOSHUA E ESTES BOARD OF GOVERNORS 2.00
Director
$0 $0 $0
KRISTINA FRIEDMAN BOARD OF GOVERNORS 2.00
Director
$0 $0 $0
MARTIN GUENTHER BOARD OF GOVERNORS 2.00
Director
$0 $0 $0
MINAH C HALL BOARD OF GOVERNORS 2.00
Director
$0 $0 $0
VICKI C HARRIS BOARD OF GOVERNORS 2.00
Director
$0 $0 $0
GENE JOHNSON BOARD OF GOVERNORS (P) 2.00
Director
$0 $0 $0
MARK LOYD BOARD OF GOVERNORS 2.00
Director
$0 $0 $0
MELISSA J-L MYERS BOARD OF GOVERNORS 2.00
Director
$0 $0 $0
DANIEL L THOMPSON BOARD OF GOVERNORS (P) 2.00
Director
$0 $0 $0
DONALD L LIPPERT PRESIDENT 2.00
Officer
$0 $0 $0
TRISHA C FORTUNE IMMEDIATE PAST PRESIDENT 2.00
Officer
$0 $0 $0
ALLAN J WELLS IMMEDIATE PAST PRESIDENT (P) 2.00
Officer
$0 $0 $0
JEFF MCGHEHEY FIRST VICE PRESIDENT 2.00
Officer
$0 $0 $0
JAN A NASH SECOND VICE PRESIDENT 2.00
Officer
$0 $0 $0
CHRIS G MUNTIFERING EXECUTIVE DIRECTOR 37.50
Key Emp
$319,425 $96,363 $415,788
BRENDA PITTLER A.E. DIRECTOR 37.50
Highest
$134,250 $101,760 $236,010
EMILY J ARCHER EMPLOYEE 37.50
Highest
$139,850 $60,210 $200,060
CHRISTINA WEBB DIRECTOR OF EDUCATION 37.50
Highest
$109,198 $30,006 $139,204
TOBY G MILLER EMPLOYEE 37.50
Highest
$100,825 $28,078 $128,903
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 $6,317,751 $5,353,116 $13,487,197 $964,635
2024 $5,311,858 $4,615,246 $12,010,267 $696,612
2023 $4,786,764 $4,220,643 $11,139,144 $566,121
2022 $4,118,072 $3,588,853 $10,421,871 $529,219
2021 $4,110,232 $2,826,336 $9,928,877 $1,283,896
2020 $3,080,944 $2,014,920 $8,668,980 $1,066,024
2019 $3,901,401 $3,824,962 $7,574,476 $76,439
2018 $4,021,988 $3,549,108 $7,427,325 $472,880
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