INTERNAL AUDIT FOUNDATION

EIN: 591859804 501(c)(3) Education

LAKE MARY, FL

Total Revenue
$1,129,209
Total Expenses
$1,401,432
Total Assets
$5,672,334
Net Assets
$5,557,128
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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
1976
Legal Domicile
DC
Principal Officer
ANTHONY S PUGLIESE
Phone
4079371300
Tax Period
2023-01-01 to 2023-12-31

INTERNAL AUDIT FOUNDATION, founded in 1976, is a community nonprofit in the Education sector that reported $1.1M in total revenue in fiscal year 2023. Revenue surged 21% from the prior year, signaling strong growth momentum. Expenses of $1.4M exceeded revenue, resulting in a 24% operating deficit.

Mission

RESEARCH AND EDUCATION IN INTERNAL AUDITING

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,050,260
Program Service Revenue $0
Investment Income $29,630
Other Revenue $49,319
TOTAL REVENUE $1,129,209

Expense Breakdown

Grants Paid $102,509
Salaries & Benefits $424,792
Fundraising Expenses $0
Program Expenses $845,394
Other Expenses $874,131
TOTAL EXPENSES $1,401,432

Year-over-Year Comparison

2023 2022 Change
Revenue $1,129,209 $935,570 +0.2%
Expenses $1,401,432 $679,005 +1.1%
Net Income $-272,223 $256,565 -2.1%
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
12
Independent Members
11
Employees
N/A
Volunteers
23

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
6
$1,266,775
Total Directors
13
$1,043,483
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ANTHONY PUGLIESE IIA CEO 1.0
Officer Director
$0 $155,630 $1,043,483
LAURA LEBLANC SR. DIRECTOR, IAF 30.0
Officer
$0 $54,031 $223,292
WARREN W STIPPICH PRESIDENT 2.0
Officer Director
$0 $0 $0
GLENN HO SR VICE PRESIDENT, STRATEGY 2.0
Officer Director
$0 $0 $0
SARAH FEDELE VICE PRES, FINANCE/DEVELOPMENT 2.0
Officer Director
$0 $0 $0
YULIA GURMAN VICE PRESIDENT, CONTENT 2.0
Officer Director
$0 $0 $0
SUBRAMANIAN BHASKAR MEMBER (AS OF 07/2023) 2.0
Director
$0 $0 $0
LAWRENCE HARRINGTON MEMBER (THRU 07/2023) 2.0
Director
$0 $0 $0
SHIRLEY MACHABA MEMBER 2.0
Director
$0 $0 $0
RAOUL MENES MEMBER 2.0
Director
$0 $0 $0
HIROSHI NAKA MEMBER (AS OF 07/2023) 2.0
Director
$0 $0 $0
REYES FUENTES ORTEA MEMBER 2.0
Director
$0 $0 $0
HOSSAMELDIN EL SHAFFEI MEMBER 2.0
Director
$0 $0 $0
NORA ATEF REDA ZEID KELANI MEMBER 2.0
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
2024 No data No data No data No data
2023 $1,129,209 $1,401,432 $5,672,334 $-272,223
2022 $935,570 $679,005 $5,600,569 $256,565
2021 $1,956,569 $1,532,375 $5,955,062 $424,194
2020 $1,908,003 $1,740,831 $5,378,406 $167,172
2019 $2,084,376 $2,115,623 $5,115,913 $-31,247
2018 $2,359,217 $2,071,787 $4,959,255 $287,430
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