IAPMO RESEARCH AND TESTING 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

1995

Principal Officer

DAVID VIOLA

Phone

9094724100

Tax Period

2023-01-01 to 2023-12-31

IAPMO RESEARCH AND TESTING INC, founded in 1995, is a mid-sized nonprofit that reported $58.2M in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion. The organization ran a surplus of $17.0M, a strong 29% operating margin.

Mission

TO PROTECT THE PUBLIC'S HEALTH AND SAFETY BY WORKING IN CONCERT WITH GOVERNMENT AND INDUSTRY TO IMPLEMENT COMPREHENSIVE PLUMBING AND MECHANICAL SYSTEMS AROUND THE WORLD.

Program Service Accomplishments

Program 1

PROVIDE PRODUCT TESTING FOR PLUMBING AND MECHANICAL PRODUCTS MANUFACTURED IN ACCORDANCE WITH ACCEPTABLE STANDARDS TO PRODUCERS OF PLUMBING AND MECHANICAL PRODUCTS SOLD IN NORTH AMERICA.

Program 2

PROVIDE LISTING SERVICES FOR PLUMBING AND MECHANICAL PRODUCTS MANUFACTURED IN ACCORDANCE WITH ACCEPTABLE STANDARDS TO PRODUCERS OF PLUMBING AND MECHANICAL PRODUCTS SOLD IN NORTH AMERICA.

Program 3

PROVIDE LISTING COMPLIANCE INSPECTIONS FOR PLUMBING AND MECHANICAL PRODUCTS MANUFACTURED IN ACCORDANCE WITH ACCEPTABLE STANDARDS TO PRODUCERS OF PLUMBING AND MECHANICAL PRODUCTS SOLD IN NORTH AMERICA.

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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 $0

Program Service Revenue $58,014,311

Investment Income $157,222

Other Revenue $6,959

TOTAL REVENUE $58,178,492

Expense Breakdown

Grants Paid $0

Salaries & Benefits $16,237,352

Fundraising Expenses $0

Other Expenses $24,904,703

TOTAL EXPENSES $41,142,055

Year-over-Year Comparison

	2023	2022	Change
Revenue	$58,178,492	$50,566,669	+0.2%
Expenses	$41,142,055	$35,383,688	+0.2%
Net Income	$17,036,437	$15,182,981	+0.1%

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

Governance

Voting Members

Independent Members

Employees

N/A

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

Total Directors

Key Employees

$1,649,317

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEN WIJAYA	EVP-R&T LAB	45.00	Key Emp	$0	$65,326	$600,080
JIN LUO	EVP-LAB RECO	45.00	Key Emp	$0	$72,066	$534,351
OHANNES DEMBEKJIAN	EVP-CONT COM	45.00	Key Emp	$0	$65,326	$514,886
ANISH DESAI	VP-PRODUCT C	45.00	Highest	$0	$63,470	$324,368
SHIRLEY DEWI	SVP-QUALITY	45.00	Highest	$0	$63,188	$322,935
OSCAR ZANONI	VP-CERTIFICA	45.00	Highest	$0	$36,098	$294,283
XUEFENG HUANG	LAB DIRECTOR	45.00	Highest	$0	$59,430	$289,478
DONNA ESTRADA	SVP-LAB SERV	45.00	Highest	$0	$34,868	$253,479
JEREMY DIAZ	DIRECTOR	5.00	Director	$0	$0	$0
JOHN NIELSEN	DIRECTOR	5.00	Director	$0	$0	$0
STEVE PANELLI	CHAIRMAN	5.00	Officer Director	$0	$0	$0
JASON SHANK	DIRECTOR	5.00	Director	$0	$0	$0
JEREMY STETTLER	VICE CHAIRMA	5.00	Officer Director	$0	$0	$0
BRIAN HAMNER	SECRETARY/EX	5.00	Officer	$0	$0	$0
DAVID VIOLA	CEO	5.00	Officer	$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	$58,178,492	$41,142,055	$19,242,887	$17,036,437
2022	$50,566,669	$35,383,688	$15,823,445	$15,182,981
2021	$46,736,492	$28,807,715	$11,214,766	$17,928,777
2020	$44,653,285	$29,262,588	$9,694,406	$15,390,697
2019	$46,397,790	$29,634,505	$11,243,691	$16,763,285
2018	$42,324,990	$27,695,587	$8,783,384	$14,629,403