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The Fiduciary and Investment Risk Management Association INC EIN 58-1822399

The Fiduciary and Investment Risk Management Association INC

EIN  58-1822399 Business league / trade association Lancaster, SC Founded 2001
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Size
$100K–1M
What they do
Educates members and sets standards for trust, financial services audit, risk, and compliance professionals.
Leadership
P Hale Mast · Exec Directo · $151K
Money in and out
$901K revenue, $813K expenses
Bottom line
+10% operating surplus

Educates members and sets standards for trust, financial services audit, risk, and compliance professionals. For fiscal year 2025 it reported $901K in revenue, $813K in expenses, and $837K in net assets.Pt I

Membership & operating revenue · FY2025
Total revenue
$901K
Pt VIII · Ln 12
Total expenses
$813K
Pt IX · Ln 25
Net assets
$837K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $88K
Where spending went · Part IX cols B–D
Program services $0.70 Management & general $0.30
Operating surplus
+10%
revenue over expenses▼ -53% vs prior filing year
Earned revenue
97%
of revenue from program services & dues0% vs prior filing year
Payroll share
19%
of spending is salaries & benefits▼ -10% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$901K
FY2025▼ -7%
Expenses
$813K
FY2025▲ +6%
Total assets
$1.1M
FY2025▲ +29%
Total liabilities
$279K
FY2025▲ +143%
Total revenue
$901K
Pt VIII · Ln 12
Total expenses
$813K
Pt IX · Ln 25
Net assets
$837K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$88K
Total assetsPt X · Ln 16$1.1M
Program-expense ratioPt IX · col B70%
Voting members of governing bodyPt I · Ln 313
Independent voting membersPt I · Ln 412
Mission & Programs · Part III

Where the work happens

1 program service account for $565K of program spending, described in the organization's own filed words · FY2025.
01

Educating and informing people in the area of trust and financial services audit, risk, and compliance through a four day national training conference, live programs at regional training seminars, and webinar training programs.

$565Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CThe Fiduciary and Investment Risk Management Association INC
EINHdr · item D58-1822399
Principal addressHdr · item CLancaster, SC
WebsiteHdr · item Jthefirma.org
Year of formationHdr · item L2001
State of legal domicileHdr · item MSC
Exempt statusHdr · item I501(c)(6) · active
NTEE classificationIRS BMFCommunity Development (S41)
Ruling yearIRS BMFOct 2002

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a13
Independent voting membersPt VI · Ln 1b12
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
P Hale Mast
Exec Directo
$151,496Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Mark T Gray
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

P Hale Mast’s $151K as Exec Directo is at the 91st percentile of top reported officer pay among 1711 $100K–1M community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
P Hale Mast$151,496$158,492$151,744$145,744$147,996$119,996

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Program service revenue$873K · 97%
Investment income$28K · 3%
Program service revenue97%$873K
Investment income3%$28K
Total revenueLn 12$901K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.70 Management & general $0.30
Program services70%$565K
Management & general30%$248K
Total functional expensesLn 25$813K

Balance Sheet

Part X · end of year
CashLn 1$852K
Total assetsLn 16$1.1M
Total liabilitiesLn 26$279K
Total net assetsLn 32$837K
Months of cash on handcomputed12.6

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $852K · Operating expenses/yr $813K
12.6 months
Where the money goes
Program services
Program services $565K · Total expenses $813K
70%
Management & General
Management & general $248K · Total expenses $813K
30%
Fundraising
Fundraising $0 · Total expenses $813K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $0
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $0 · Total revenue $901K
0%
Government reliance
Government grants — · Total revenue $901K
—
Earned-income share
Program service revenue $873K · Total revenue $901K
97%
Investment reliance
Investment income $28K · Total revenue $901K
+3%
Program self-sufficiency
Program service revenue $873K · Total expenses $813K
107%
Growth & trend
Revenue growth (YoY)
This year $901K · Prior year $969K
-7%
Revenue CAGR
FY2020 $266K · FY2025 $901K
+28%
Net-asset trend (YoY)
End of year $837K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $901K · Expenses $813K
+10%
Liabilities-to-Assets
Total liabilities — · Total assets $1.1M
—
Net-asset ratio
Net assets $837K · Total assets $1.1M
75%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $1.1M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual P Hale Mast · Reported title EXEC DIRECTO · Highest reported compensation $151K · Total expenses $813K
19%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $151K · Total expenses $813K
19%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 70%——
Overhead ratio 30%——
Revenue growth -7%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$901K revenue · viewing · ⤓ 990 PDF
FY2024$969K revenue · ⤓ 990 PDF
FY2023$809K revenue · ⤓ 990 PDF
FY2022$635K revenue · ⤓ 990 PDF
FY2021$456K revenue · ⤓ 990 PDF
FY2020$266K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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