INDUSTRIAL AUCTIONEERS ASSOCIATION INC

EIN: 521917086

Mundelein, IL

Total Revenue
$457,487
Total Expenses
$461,756
Total Assets
$534,866
Net Assets
$534,866
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1995
Legal Domicile
DE
Principal Officer
Samantha Chiappi
Phone
3128630977
Tax Period
2024-01-01 to 2024-12-31

INDUSTRIAL AUCTIONEERS ASSOCIATION INC, founded in 1995, is a small nonprofit that reported $457K in total revenue in fiscal year 2024.

Mission

Meetings and conventions to provide a forum for promoting and discussing the benefits of the auction method as a primary choice of liquidations for industrial machinery and equipment and to raise the awareness of the profession.

Program Service Accomplishments

Program 1

meetings, conventions, and promotions helped raise awareness of the industrial auctioneering profession and the use of the auction method to dispose of industrial assets

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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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $457,487
Investment Income $0
Other Revenue $0
TOTAL REVENUE $457,487

Expense Breakdown

Grants Paid $13,000
Salaries & Benefits $38,120
Fundraising Expenses $0
Program Expenses $0
Other Expenses $410,636
TOTAL EXPENSES $461,756

Year-over-Year Comparison

2024 2023 Change
Revenue $457,487 $427,929 +0.1%
Expenses $461,756 $499,587 -0.1%
Net Income $-4,269 $-71,658 -0.9%
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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Governance

Voting Members
65
Independent Members
65
Employees
N/A
Volunteers
36

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
0
$0
Total Directors
6
$38,000
Key Employees
1
$38,000
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Samantha Chiappe Executive Director 10
Director Key Emp Highest
$38,000 $0 $38,000
Ghislaine Duikmelings Director 0.25
Director
$0 $0 $0
Jasen Kisber Director 0.25
Director
$0 $0 $0
David Fiegel Director 0.25
Director
$0 $0 $0
Terrance Jacobs Director 0.25
Director
$0 $0 $0
Elizabeth Matxed Director 0.25
Director
$0 $0 $0
Adam Alexander Secratary 2
$0 $0 $0
Duncanc Ainscough President 2
$0 $0 $0
Aaron Morgenstern Vice President 2
$0 $0 $0
Nicholas Dove Treasurer 2
$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 $457,487 $461,756 $534,866 $-4,269
2023 $427,929 $499,587 $542,074 $-71,658
2022 $389,470 $341,097 $614,532 $48,373
2021 $279,899 $142,617 $566,159 $137,282
2019 $242,169 $290,186 $335,011 $-48,017
2018 $267,391 $131,566 $383,028 $135,825
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