Individual Retirement Rights Association

Nonprofit profile at a glance

EIN
872448854
IRS 990-EZ coverage
2023–2023
Forms available
Form 990 2022, Form 990-EZ 2023
Location
Farmington, UT, USA
Phone
7032248860
Rating
36
Verdict
REVIEW
Rating confidence
Moderate

Reported finances

Revenue
$60,000
Expenses
$40,825
Assets
$50,053
Liabilities
$46,367

Source: IRS Form 990-EZ. Selected filing: tax year 2023. Amounts in USD.

Leadership & pay

9 people listed

Executive titles in this filing

  • HOWARD KAPLAN (PRESIDENT UNTIL JUNE 2023)

People named in this filing

  • JOANNE DUNNE (TREASURER AND SECRETARY)
  • HOWARD KAPLAN (PRESIDENT UNTIL JUNE 2023)
  • JASON HELQUIST (CHAIRMAN)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2023. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To promote social welfare within the meaning of section 501(c)(4) of the internal revenue code of 1986, as amended, including but not limited to protecting the retirement security of the american public through education and advocacy related to individual retirement accounts and other tax-exempt personal savings vehicles. Irra initially advocated and lobbied at the federal level for legislation supporting owners and providers of alternative investment vehicles.

What it reported doing in 2023

Advocacy and lobbying - since the association only began in september 2021, advocacy and lobbying were the primary programs in 2023. Lobbying efforts were directed at key provisions in the build back better legislation to ensure alternative investments were not negatively impacted by the legislation.

Operating model

Revenue model
Membership-supported. 100% 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. 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: 0
  • Transparency & Controls: 82
  • Sustainability: 55
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 0.3%; rating input score 0
  • Program expense ratio: 0.4%; rating input score 0

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: 32%; rating input score 83; 83rd percentile among comparable filings
  • Total-asset coverage ratio: 1.23; rating input score 51; 51st percentile among comparable filings
  • Liabilities to assets ratio: 0.93; rating input score 6; 6th percentile among comparable filings
  • Officer compensation ratio: 73.6%; rating input score 1; 1st percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: -132.4% per year; rating input score 0; 2nd percentile among comparable filings
  • Asset growth: -28.8% per year; rating input score 0; 7th percentile among comparable filings

Details

  • Where the money goes: 0.3% of revenue deployed · 0.4% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $172 in reported program spending
  • Leadership: top reported pay $0 · 9 people listed
  • Consistency: 8 of 8 current checks pass
  • Schedules: 1 filed schedules
  • Contacts: How to reach this organization
  • Money network: 4 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 0/100.
  • High — Financial Efficiency: Program expense ratio scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Growth: Asset growth scored 0/100.
  • Review — Sustainability: Total-asset coverage ratio scored 51/100.
  • High — Sustainability: Officer compensation ratio scored 1/100.
  • High — Sustainability: Liabilities to assets ratio scored 6/100.