Institute of Internal Auditors Inc - Twin Cities Chapter
Nonprofit profile at a glance
- EIN
- 416173532
- IRS 990 coverage
- 2020–2024
- Forms available
- Form 990 2024
- Location
- Inver Grove Heights, MN, USA
- Phone
- 6122101736
- Rating confidence
- Limited
Reported finances
- Revenue
- $100,282
- Expenses
- $136,490
- Assets
- $241,568
- Liabilities
- $12,889
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
32 people listed
Executive titles in this filing
- TANYA BERTRAND (EXECUTIVE DIRECTOR)
- JENNA NIEDZ (PRESIDENT)
- DAVID LUBIN (PRESIDENT ELECT)
- JEREMIAH CHAMP (PAST PRESIDENT)
- KRISTYN BELL (PAST PRESIDENT)
People named in this filing
- TANYA BERTRAND (EXECUTIVE DIRECTOR)
- JENNA NIEDZ (PRESIDENT)
- DAVID LUBIN (PRESIDENT ELECT)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To cultivate, promote, and disseminate information concerning internal auditing and related subjects. To establish and maintain high standards of integrity, honor, and character among internal auditors. To furnish information regarding internal auditing and the practice and methods thereof to its members, to other persons interested and to the general public.
What it reported doing in 2024
Conducted approximately 17 half day or full day live and virtual seminars to allow members to meet their continuing education requirements and expand their professional network by learning and sharing knowledge.
Operating model
- Revenue model
- Earned-program. 98% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.
Rating breakdown
- Financial Efficiency: NotEnoughData
- Transparency & Controls: 90
- Accountability: 82
- Sustainability: 32
- Growth: 0
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: Limited
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
- Pay-setting controls: Limited
- 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; 63rd percentile among comparable filings
- Governance controls: 4 of 7 controls in place; rating input score 57
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: -36.1%; rating input score 8; 8th percentile among comparable filings
- Total-asset coverage ratio: 1.77; rating input score 56; 56th percentile among comparable filings
- Liabilities to assets ratio: 0.05; rating input score 32; 32nd percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 69; 69th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: -5.5% per year; rating input score 0; 10th percentile among comparable filings
- Asset growth: -4.4% per year; rating input score 0; 11th percentile among comparable filings
Details
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: 15 of 15 board members independent · 4 of 7 filing controls reported
- Programs: 3 filed program accomplishments
- Leadership: top reported pay $0 · 32 people listed
- Consistency: 8 of 8 current checks pass
- Schedules: 1 filed schedules
- Filing history: 5 filing years from 2020 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 — Growth: Revenue growth scored 0/100.
- Review — Accountability: Governance controls: 2 of 6 not reported.
- High — Sustainability: Operating margin scored 8/100.
- High — Growth: Asset growth scored 0/100.
- Review — Sustainability: Total-asset coverage ratio scored 56/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 32/100.