Overview
What is Association Of Insolvency And Restructuring Advisors?
The Association of Insolvency and Restructuring Advisors (AIRA) is a nonprofit organization based in Medford, Oregon. Its primary focus is to promote awareness and understanding of insolvency, reorganization, and business turnaround practices. AIRA accomplishes this through sponsoring relevant educational programs and administering two technical certifications: the Certified Insolvency and Restructuring Advisor (CIRA) and the Certification in Distressed Business Valuation (CDBV). The organization's mission is to equip individuals with a high degree of knowledge and proficiency in various functions related to serving clients in distressed and insolvent entities, including accounting, operational, strategic, taxation, and finance issues. With around five dedicated employees, AIRA plays a crucial role in advancing the field of insolvency and restructuring.
Official website here: www.aira.org
Is Association Of Insolvency And Restructuring Advisors legitimate?
Association Of Insolvency And Restructuring Advisors is a legitimate nonprofit organization registered as a 501(c)(6) entity. Association Of Insolvency And Restructuring Advisors submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $332,500
Professional Fundraising Fees: $0
Other Salaries and Wages: $197,572
For more financial information, click here
Official website here: www.aira.org
What is the mission statement of Association Of Insolvency And Restructuring Advisors?
The Association of Insolvency and Restructuring Advisors (AIRA) is committed to promoting an understanding of insolvency, reorganization, and business turnaround practices. They achieve this by sponsoring relevant educational programs and administering certification programs, specifically the Certified Insolvency and Restructuring Advisor (CIRA) and the Certification in Distressed Business Valuation (CDBV). The CIRA certification recognizes individuals with a high level of knowledge and proficiency in various areas related to serving clients in distressed and insolvent entities, including accounting, operations, strategy, taxation, and finance. The AIRA's mission aims to enhance the expertise of professionals in the field, contributing to more effective solutions for clients facing complex financial challenges.
Official website here: www.aira.org
Who is the CEO of Association Of Insolvency And Restructuring Advisors?
James M Lukenda is the Executive Director of Association Of Insolvency And Restructuring Advisors.
Official website here: www.aira.org
What is the revenue of Association Of Insolvency And Restructuring Advisors?
Association Of Insolvency And Restructuring Advisors's revenue in 2022 was $651,406.
Official website here: www.aira.org
Who are the executives of Association Of Insolvency And Restructuring Advisors and what are their salaries?
The average compensation at Association Of Insolvency And Restructuring Advisors during 2022 was $106,014. There are 5 employees and 50 volunteers at Association Of Insolvency And Restructuring Advisors.
Here are 34 key members and their salaries:
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Official website here: www.aira.org
Where can I find the form 990 for Association Of Insolvency And Restructuring Advisors?
Association Of Insolvency And Restructuring Advisors's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.aira.org
Learn more at the official website: www.aira.org
Mission Statement of Association Of Insolvency And Restructuring Advisors
The Association of Insolvency and Restructuring Advisors (AIRA) is committed to promoting an understanding of the intricacies of insolvency, reorganization, and business turnaround practices. As part of its mission, the organization sponsors relevant educational programs and oversees the administration of two technical certification programs: the Certified Insolvency and Restructuring Advisor (CIRA) and the Certification in Distressed Business Valuation (CDBV). The AIRA's CIRA certification program recognizes individuals who demonstrate a high level of expertise in various areas related to serving clients in distress or insolvent entities. These areas encompass accounting, operational, strategic, taxation, and finance issues associated with business bankruptcy and insolvency. To earn this certification, individuals must complete a comprehensive education program and pass an examination that assesses their competency in all these areas. By fostering this understanding and certifying professionals, the Association of Insolvency and Restructuring Advisors aims to contribute positively to the field, ultimately benefiting clients in challenging financial situations.
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Impact
October, 2024
The Association of Insolvency and Restructuring Advisors (AIRA) plays a vital role in enhancing the understanding and practice of insolvency, reorganization, and business turnaround strategies. By sponsoring educational programs and administering rigorous certifications like the Certified Insolvency and Restructuring Advisor (CIRA) and the Certification in Distressed Business Valuation (CDBV), AIRA elevates the professional standards within the field.
The CIRA certification, in particular, signifies a high level of expertise among individuals, ensuring they possess comprehensive knowledge across critical areas such as accounting, finance, taxation, and operational strategies related to distressed businesses. This not only improves the proficiency of professionals serving clients in challenging circumstances but also bolsters public awareness of the importance of skilled advisors in times of financial distress.
Through its initiatives, AIRA contributes to community improvement by facilitating the successful turnaround of distressed businesses, ultimately benefiting the wider economy. The association's commitment to education and certification underscores its significant impact on enhancing the capabilities and effectiveness of insolvency professionals.
This information is meant to be a general summary of Association Of Insolvency And Restructuring Advisors. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $4,319
- Program Service Revenue: $182,400
- Gross Receipts: $651,406
Assets and Liabilities:
- Total Assets: $317,577
- Total Liabilities: $4,639
- Net Assets: $312,938
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CIRA Exam Fees
Revenue
$172,600
CDBV Exam Fees
Revenue
$9,800
Organization Details
Founding Year
1984
Phone
(541) 858-1665Principal Officer
James M Lukenda
Main Address
1314 CENTER DRIVE UNIT B132, MEDFORD, OR, 97501
Website
www.aira.orgNTEE Category
Code: S41 - Community improvement
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