Institute of Internal Auditors
Nonprofit profile at a glance
- EIN
- 421120654
- IRS 990-EZ coverage
- 2021–2024
- Forms available
- Form 990-EZ 2024
- Location
- Des Moines, IA, USA
- Rating
- 81
- Verdict
- STRONG
- Rating confidence
- Moderate
Reported finances
- Revenue
- $9,591
- Expenses
- $13,165
- Assets
- $79,685
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
17 people listed
Executive titles in this filing
- Jami Olson-Knowles (Vice President)
- John Johnson (President)
People named in this filing
- Jami Olson-Knowles (Vice President)
- John Johnson (President)
- Marcus Johnson (Treasurer)
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 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Provide dynamic leadership for the global profession of internal auditing. Activities in support of this mission will include, but will not be limited to: -Advocating & promoting the value internal audit professionals add to their organizations. -Providing comprehensive professional educational & development opportunities, standards, & other professional practice guidance, and certification programs. -Researching, disseminating, & promoting knowledge concerning internal auditing and its appropriate role in control, risk management, governance to practitioners and stakeholders. -Educating practitioners and other relevant audiences on best practices in internal auditing. -Bringing together internal auditors from all countries to share information & experiences.
What it reported doing in 2024
Member Networking Events - opportunity to network with fellow IIA members and share insights and ideas with colleagues of best practices. Around 60 members benefitted.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- 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
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and revenue has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 86
- Transparency & Controls: 82
- Sustainability: 40
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 95.7%; rating input score 96
- Program expense ratio: 68.7%; rating input score 69
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: -37.3%; rating input score 16; 16th percentile among comparable filings
- Total-asset coverage ratio: 6.05; rating input score 87; 87th percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: 0.8% per year; rating input score 100; 51st percentile among comparable filings
- Revenue growth: -8.6% per year; rating input score 0; 26th percentile among comparable filings
- Asset growth: 2.6% per year; rating input score 100; 49th percentile among comparable filings
Details
- Where the money goes: 95.7% of revenue deployed · 68.7% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 3 filed program accomplishments · $9K in reported program spending
- Leadership: top reported pay $0 · 17 people listed
- Consistency: 8 of 8 current checks pass
- Schedules: 1 filed schedules
- Filing history: 4 filing years from 2021 to 2024
- Contacts: How to reach this organization
- 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 — Sustainability: Operating margin scored 16/100.
- High — Growth: Revenue growth scored 0/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.