Association Of Insolvency & Restructuring Advisors
- Assets
- $367.9k
- Revenue
- $757.2k
- Investments
- $0.0
- Employees
- 5
- Location
- Medford, OR
- Founding
- 09/1993
- Data as of
- 12/2023
- EIN
- 36-3421638
Organization Overview
Association Of Insolvency & Restructuring Advisors is located in Medford, OR. The organization was established in 1993. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2023, Association Of Insolvency & Restructuring Advisors employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Association Of Insolvency & Restructuring Advisors is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2023, Association Of Insolvency & Restructuring Advisors generated $757.2k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 2.9% each year. All expenses for the organization totaled $728.0k during the year ending 12/2023. While expenses have increased by 0.0% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO FOSTER AN UNDERSTANDING OF THE INSOLVENCY REORGANIZATION AND BUSINESS TURNAROUND PRACTICE SPONSOR RELEVANT EDUCATION PROGRAMS AND TO ADMINISTER CERTIFICATION IN THE CIRA AND CDBV TECHNICAL PROGRAMS
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CERTIFIED INSOLVENCY AND RESTRUCTURING ADVISOR CIRA CERTIFICATION PROGRAM RECOGNIZES BY PUBLIC AWARENESS THOSE INDIVIDUALS WHO POSSESS A HIGH DEGREE OF KNOWLEDGE AND PROFICIENCY ACROSS A SPECTRUM OF FUNCTIONS RELATED TO SERVING CLIENTS IN SITUATIONS INVOLVING DISTRESSED AND/OR INSOLVENT ENTITIES. SUCH EXPERTISE INCLUDES ACCOUNTING OPERATIONAL, STRATEGIC, TAXATION AND FINANCE ISSUES RELATED TO BUSINESS BANKRUPTCY AND INSOLVENCY. THE CERTIFICATION IS AWARDED FOLLOWING A COMPREHENSIVE EDUCATION PROGRAM AND EXAMINATION PROCESS IN WHICH INDIVIDUALS MUST DEMONSTRATE A HIGH LEVEL OF COMPETENCY IN ALL OF THE FOREGOING AREAS.
THE CERTIFICATION IN DISTRESSED BUSINESS VALUATION CDBV IS A UNIQUE CERTIFICATION PROGRAM IN VALUATION OF DISTRESSED ASSETS INCLUDING DISTRESSED AND/OR BANKRUPT COMPANIES. THE ASSOCIATION OF INSOLVENCY AND RESTRUCTURING ADVISORS LAUNCHED THE CDBV PROGRAM TO TRAIN AND ACCREDIT PROFESSIONALS IN THIS HIGHLY SPECIALIZED AREA OF BUSINESS VALUATION. THE INTENSIVE CDBV TRAINING PROGRAM CONSISTS OF A THREE-PART COURSE OF STUDY AND A UNIFORM WRITTEN EXAMINATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James M Lukenda Executive Director | OfficerTrustee | 40 | $200,000 |
Michael Stull It Professional Education Director | OfficerTrustee | 40 | $112,500 |
Michael Lastowski Board Of Directors | Trustee | 1 | $0 |
David Payne Chair Person, Director | OfficerTrustee | 1 | $0 |
Denise Lorenzo President, Director | OfficerTrustee | 1 | $0 |
Boris Steffen Secretary, Director | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $515,845 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $515,845 |
| Total Program Service Revenue | $236,765 |
| Investment income | $4,573 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $757,183 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $312,500 |
| Compensation of current officers, directors, key employees. | $312,500 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $185,123 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $36,195 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $25,263 |
| Office expenses | $0 |
| Information technology | $8,516 |
| Royalties | $0 |
| Occupancy | $49,815 |
| Travel | $12,486 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $53,802 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $5,061 |
| All other expenses | $0 |
| Total functional expenses | $727,987 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $127,744 |
| Savings and temporary cash investments | $240,108 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $367,852 |
| Accounts payable and accrued expenses | $4,834 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $4,834 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $363,018 |
| Total liabilities and net assets/fund balances | $367,852 |