Association of Insolvency and Restructuring Advisors

Nonprofit profile at a glance

EIN
363421638
IRS 990 coverage
2020–2025
Forms available
Form 990 2025
Location
Medford, OR, USA
Phone
5418581665
Rating
39
Verdict
REVIEW
Rating confidence
Moderate

Official website

Reported finances

Revenue
$743,149
Expenses
$698,271
Assets
$518,700
Liabilities
$6,297

Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

39 people listed

Executive titles in this filing

  • James M Lukenda (Executive Director)
  • Jose Monge-Robertin (Vice President - Puerto Rico Chapter)
  • Eric Danner (President, Director)
  • Boris Steffen (President Elect, Director)

Highest reported compensation

  • James M Lukenda (Executive Director): $252,443 total reported compensation
  • Michael Stull (IT Professional Education Director): $144,943 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The AIRA seeks to foster an understanding of the insolvency, reorganization and business turnaround practice sponsor relevant education programs and to administer the Certified Insolvency and Restructuring Advisor CIRA and the Certification in Distressed Business Valuation CDBV technical programs.

What it reported doing in 2025

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.

Operating model

Revenue model
Membership-supported. 68% of the money available for current operations came from membership dues.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

REVIEW - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 2
  • Transparency & Controls: 60
  • Accountability: 84
  • Sustainability: 39
  • Growth: 20

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 2.2%; rating input score 2
  • Program expense ratio: 2.3%; rating input score 2
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 0 of 6 controls in place; rating input score 0
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Missing
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
  • Governance controls: 5 of 8 controls in place; rating input score 62
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 6%; rating input score 47; 47th percentile among comparable filings
  • Total-asset coverage ratio: 0.74; rating input score 34; 34th percentile among comparable filings
  • Liabilities to assets ratio: 0.01; rating input score 58; 58th percentile among comparable filings
  • Officer compensation ratio: 56.9%; rating input score 1; 1st percentile among comparable filings

Growth

  • Program expense growth: -17.2% per year; rating input score 0; 3rd percentile among comparable filings
  • Revenue growth: -3.1% per year; rating input score 0; 5th percentile among comparable filings
  • Asset growth: 7% per year; rating input score 100; 44th percentile among comparable filings

Details

  • Where the money goes: 2.2% of revenue deployed · 2.3% of spending went to programs
  • Governance: 38 of 38 board members independent · 5 of 8 filing controls reported
  • Programs: 2 filed program accomplishments · $16K in reported program spending
  • Leadership: top reported pay $252K · 39 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 20 of 20 current checks pass
  • Schedules: 3 filed schedules · includes executive pay
  • Filing history: 6 filing years from 2020 to 2025
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Financial Efficiency: Mission deployment rate scored 2/100.
  • High — Financial Efficiency: Program expense ratio scored 2/100.
  • High — Transparency & Controls: Pay-setting controls scored 0/100.
  • Review — Accountability: Governance controls: 2 of 7 not reported.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • Moderate — Sustainability: Operating margin scored 47/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 34/100.
  • High — Sustainability: Officer compensation ratio scored 1/100.
  • Review — Sustainability: Liabilities to assets ratio scored 58/100.