INTERNATIONAL REGISTRATION PLAN INC

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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

1994

Legal Domicile

Principal Officer

TIMOTHY A ADAMS

Phone

7039632326

Tax Period

2023-10-01 to 2024-09-30

INTERNATIONAL REGISTRATION PLAN INC, founded in 1994, is a community nonprofit in the Public & Societal Benefit sector that reported $4.6M in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion. The organization ran a surplus of $1.6M, a strong 34% operating margin.

Mission

SUPPORT AND CARRY OUT THE CHARITABLE AND EDUCATIONAL PURPOSES OF IRP BY CONDUCTING THE INTERNATIONAL REGISTRATION PLAN. THIS PLAN IS AN INTERNATIONAL RECIPROCAL AGREEMENT FOR THE REGISTRATION OF FLEETS OF COMMERCIAL MOTOR VEHICLES CONDUCTING INTER-JURISDICTIONAL OPERATIONS.

Program Service Accomplishments

Program 1

Expenses: $1,362,507 Revenue: $1,535,458

CLEARINGHOUSE AND MEMBER SERVICES DEVELOPMENT AND ENHANCEMENT: WHICH IMPROVES THE US MOTOR CARRIER SYSTEM

Program 2

Expenses: $644,816 Revenue: $182,433

CONFERENCES AND WORKSHOPS: IRP HOLDS CONFERENCES AND WORKSHOPS WHICH SUPPORT AND CARRY OUT THE EDUCATIONAL PURPOSES OF IRP

Program 3

Expenses: $336,098 Revenue: $4,495

COMMITTEES: IRP HAS VARIOUS COMMITTEES WHICH SUPPORT AND CARRY OUT THE EDUCATIONAL PURPOSES OF IRP

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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 (2023)

Revenue Breakdown

Contributions & Grants $865,238

Program Service Revenue $1,717,891

Investment Income $2,053,321

Other Revenue $4,495

TOTAL REVENUE $4,640,945

Expense Breakdown

Grants Paid $0

Salaries & Benefits $816,129

Fundraising Expenses $0

Program Expenses $2,343,421

Other Expenses $2,262,583

TOTAL EXPENSES $3,078,712

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,640,945	$4,124,501	+0.1%
Expenses	$3,078,712	$2,610,666	+0.2%
Net Income	$1,562,233	$1,513,835	+0.0%

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

Volunteers

100

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

$391,138

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANDREW PILLMAN	DIRECTOR	1.50	Director	$0	$0	$0
BRIAN CARLSON	DIRECTOR OF MOTOR CARRIER SERVICES	1.50	Director	$0	$0	$0
CHESTER COOK	DIRECTOR	1.50	Director	$0	$0	$0
CHRISTINE NIZER	DIRECTOR	1.50	Director	$0	$0	$0
ERIC BELFORD	TREASURER	2.50	Officer Director	$0	$0	$0
FRANK IANNUZZI	DIRECTOR	1.50	Director	$0	$0	$0
HEIDI CRAWFORD	DIRECTOR	1.50	Director	$0	$0	$0
JAMES WALKER	VICE CHAIR	2.50	Officer Director	$0	$0	$0
RANDAL BOONE	SECRETARY	1.50	Director	$0	$0	$0
RENEE KYSER	CHAIR	2.50	Officer Director	$0	$0	$0
WESLEY MARKS	DIRECTOR	1.50	Director	$0	$0	$0
DAVE NICHOLSON	FINANCE MANAGAER	38.00	Officer	$91,658	$926	$92,584
JAY STARLING	PROGRAMS DIRECTOR	38.00	Officer	$97,609	$5,453	$103,062
TIMOTHY ADAMS	CEO	38.00	Officer	$186,983	$8,509	$195,492
KENNETH CAREY	DIRECTOR OF COMPLIANCE	38.00	Highest	$113,178	$1,143	$114,321

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	$4,640,945	$3,078,712	$10,846,038	$1,562,233
2023	$4,124,501	$2,610,666	$8,522,366	$1,513,835
2022	$2,767,659	$2,457,618	$6,798,352	$310,041
2021	$2,522,513	$1,224,103	$6,767,213	$1,298,410
2020	$2,100,761	$1,569,485	$5,419,826	$531,276
2019	$2,185,700	$1,725,566	$4,676,607	$460,134
2018	$1,730,422	$1,399,320	$4,426,129	$331,102