IRU Inc
Nonprofit profile at a glance
- EIN
- 421192330
- IRS 990 coverage
- 2012–2025
- Forms available
- Form 990 2025
- Location
- Eastchester, NY, USA
- Phone
- 7188920228
- Rating
- 69
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
Reported finances
- Revenue
- $328,342
- Expenses
- $296,134
- Assets
- $406,994
- Liabilities
- $27,427
Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
42 people listed
Executive titles in this filing
- Jeremy R Wallis (Executive Director)
- William Bernens (Past President)
- Christiane Gross (President)
- Dwayne Elliott (Vice President)
Highest reported compensation
- Jeremy R Wallis (Executive Director): $81,667 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Education, professional development & networking services for members and potential member personnel including an annual conference & several seminar/webinar events annually. Also a scholarship essay program for college students interning at member companies and first-year in the business employees at member companies.
What it reported doing in 2025
EDUCATIONAL PROGRAM SERVICE: Reinsurance & insurance related entities operate in a constantly changing & competitive environment. The IRUA has offered educational programs for over 50 years to assist member company personnel to become better informed, educated and trained. They are a combination of an industry-wide Annual Conference described on Line 4a, and specific technical programs being described here. In addition to known risks, sessions are offered to identify and elaborate on emerging & potential technical and market risks that members face and will face in the future. Expenses are kept low by the generous support of a combination of member companies and law firms donating the use of their facilities. All IRUA events are open to members and non-members alike with non-members paying a higher registration fee. During and since the pandemic all events transitioned to being virtual only.
Operating model
- Revenue model
- Earned-program. 95% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 93% 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
SUPPORTED - 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: 47
- Transparency & Controls: 93
- Accountability: 90
- Sustainability: 45
- Growth: 40
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 50.2%; rating input score 50
- Program expense ratio: 58.8%; rating input score 59
- 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: 100%; rating input score 100; 81st percentile among comparable filings
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
- Governance controls: 6 of 8 controls in place; rating input score 75
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- 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: 9.8%; rating input score 56; 56th percentile among comparable filings
- Total-asset coverage ratio: 1.37; rating input score 49; 49th percentile among comparable filings
- Liabilities to assets ratio: 0.07; rating input score 25; 25th percentile among comparable filings
- Officer compensation ratio: 27.6%; rating input score 12; 12th percentile among comparable filings
Growth
- Program expense growth: 12.1% per year; rating input score 100; 72nd percentile among comparable filings
- Revenue growth: -1.1% per year; rating input score 0; 17th percentile among comparable filings
- Asset growth: -0.8% per year; rating input score 0; 19th percentile among comparable filings
Details
- Where the money goes: 50.2% of revenue deployed · 58.8% of spending went to programs
- Governance: 41 of 41 board members independent · 6 of 8 filing controls reported
- Programs: 4 filed program accomplishments · $88K in reported program spending
- Leadership: top reported pay $82K · 42 people listed
- Consistency: 21 of 21 current checks pass
- Schedules: 2 filed schedules · includes grants
- Filing history: 7 filing years from 2012 to 2025
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- 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.
- Review — Financial Efficiency: Mission deployment rate scored 50/100.
- Review — Financial Efficiency: Program expense ratio scored 59/100.
- High — Growth: Revenue growth scored 0/100.
- Review — Accountability: Governance controls: Independent financial-statement audit not reported.
- Review — Sustainability: Operating margin scored 56/100.
- High — Growth: Asset growth scored 0/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 49/100.
- High — Sustainability: Officer compensation ratio scored 12/100.
- High — Sustainability: Liabilities to assets ratio scored 25/100.