THIRD PARTY RISK ASSOCIATION

EIN: 832304238 Community Improvement

ANKENY, IA

Total Revenue
$1,109,968
Total Expenses
$791,981
Total Assets
$588,591
Net Assets
$485,765
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2018
Legal Domicile
IA
Principal Officer
JULIE GAIASCHI
Phone
5156640513
Tax Period
2025-01-01 to 2025-12-31

THIRD PARTY RISK ASSOCIATION, founded in 2018, is a community nonprofit in the Community Improvement sector that reported $1.1M in total revenue in fiscal year 2025. Revenue surged 59% from the prior year, signaling strong growth momentum. The organization ran a surplus of $318K, a strong 29% operating margin.

Mission

OUR MISSION IS TO FURTHER THE PROFESSION OF THIRD PARTY RISK MANAGEMENT THROUGH KNOWLEDGE SHARING AND NETWORKING.

Program Service Accomplishments

Program 1
Expenses: $381,528 Revenue: $410,287

GENERAL MEMBERSHIP PROGRAMS : RETAIN AND ATTRACT PRACTITIONER MEMBERSHIP BY OFFERING VALUE-ADDED BENEFITS AND PROGRAMS. THERE ARE CURRENTLY 1,527 ACTIVE PRACTITIONER MEMBERS. DESIGN, ENHANCE, AND...

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GENERAL MEMBERSHIP PROGRAMS : RETAIN AND ATTRACT PRACTITIONER MEMBERSHIP BY OFFERING VALUE-ADDED BENEFITS AND PROGRAMS. THERE ARE CURRENTLY 1,527 ACTIVE PRACTITIONER MEMBERS. DESIGN, ENHANCE, AND IMPLEMENT INNOVATIVE PROGRAMS AND RESOURCES THAT EMPOWER PRACTITIONERS TO PROACTIVELY ADDRESS EMERGING RISKS AND TRENDS IN THE INDUSTRY. CONTINUE TO ENHANCE TPRA VENDOR BENEFITS THROUGH DISCUSSIONS WITH THE VENDOR MEMBERSHIP AND ENSURE PRACTITIONER MEMBERS HAVE THE ABILITY TO EASILY ACCESS THE PRODUCTS/SERVICES AND KNOWLEDGE EACH VENDOR MEMBER PROVIDES. THERE ARE CURRENTLY 111 VENDOR MEMBERS.

Program 2
Expenses: $318,765 Revenue: $664,142

ANNUAL IN-PERSON CONFERENCE: CREATE AND IMPLEMENT VALUE-ADD CONFERENCES TO BRING CURRENT, INDUSTRY-RELATED TOPICS TO THE MEMBERSHIP AND PROVIDE THE OPPORTUNITY TO NETWORK WITH PEERS.

Program 3
Expenses: $33,783 Revenue: $35,977

THIRD PARTY CYBER RISK ASSESSOR (TPCRA) CERTIFICATION PROGRAM: CREATE AND IMPLEMENT A PRACTITIONER CERTIFICATION & CERTIFICATE PROGRAMS TO ADD CREDIBILITY TO AND PROMOTE THE VALUE THAT THIRD PARTY...

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THIRD PARTY CYBER RISK ASSESSOR (TPCRA) CERTIFICATION PROGRAM: CREATE AND IMPLEMENT A PRACTITIONER CERTIFICATION & CERTIFICATE PROGRAMS TO ADD CREDIBILITY TO AND PROMOTE THE VALUE THAT THIRD PARTY RISK PROFESSIONALS AND PRACTITIONERS ADD TO THEIR ORGANIZATIONS.

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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 $0
Program Service Revenue $1,110,406
Investment Income $16
Other Revenue $-454
TOTAL REVENUE $1,109,968

Expense Breakdown

Grants Paid $0
Salaries & Benefits $360,815
Fundraising Expenses $0
Program Expenses $734,076
Other Expenses $431,166
TOTAL EXPENSES $791,981

Year-over-Year Comparison

2025 2024 Change
Revenue $1,109,968 $698,647 +0.6%
Expenses $791,981 $627,163 +0.3%
Net Income $317,987 $71,484 +3.4%
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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Governance

Voting Members
5
Independent Members
5
Employees
5
Volunteers
30

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
2
$108,000
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JULIE GAIASCHI CHIEF EXECUTIVE OFFICER & CO-FOUNDER 40
Officer
$108,000 $0 $108,000
VINCENT SCALES CHAIRMAN OF THE BOARD 5
Officer Director
$0 $0 $0
CHRISTOPHER STRAZISHAR BOARD MEMBER 3
Director
$0 $0 $0
KIM LABARBIERA BOARD MEMBER 3
Director
$0 $0 $0
PAUL KURTZ BOARD MEMBER 3
Director
$0 $0 $0
MORGAN BINDER BOARD MEMBER 3
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 $1,109,968 $791,981 $588,591 $317,987
2024 No data No data No data No data
2023 $428,687 $411,590 $288,992 $17,097
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