Civic Intelligence

Society for Vascular Ultrasound

990 • Fiscal year 2013 • EIN 31-0949301

Jan 01, 2013 to Dec 31, 2013 • Filed on Sep 09, 2014

4601 Presidents Drive20706

(301) 459-7550

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

85th percentile

0.72x

Higher debt load relative to assets than 85% of similar nonprofits.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2013

Liabilities / Revenue

71st percentile

0.36x

Higher debt load relative to revenue than 71% of similar nonprofits.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2013

Net Margin

20th percentile

-11%

Higher net margin than 20% of similar nonprofits.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2013

Top Officer Pay

80th percentile

$122,118

Higher top officer pay than 80% of similar nonprofits.

Top officer pay equals 9.2% of source-year revenue.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2013

Asset Growth

45th percentile

0.7%

Faster asset growth than 45% of similar nonprofits.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2012 to 2013

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2013

Assets

Up

$667,380

Up $4,364 (+0.7%) from 2012

Net Assets

Down

$184,244

Down $132,070 (-42%) from 2012

Liabilities

Up

$483,136

Up $136,434 (+39%) from 2012

Revenue

$1,331,152

No earlier filing loaded for comparison.

Expenses

Up

$1,471,664

Up $157,020 (+12%) from 2012

Net Income

-$140,512

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.0M$500K$0-$500KAssets 2010: $764,732Liabilities 2010: $356,134Net Assets 2010: $408,5982010Assets 2011: $803,759Liabilities 2011: $410,442Net Assets 2011: $393,3172011Assets 2012: $663,016Liabilities 2012: $346,702Net Assets 2012: $316,3142012Assets 2013: $667,380Liabilities 2013: $483,136Net Assets 2013: $184,2442013Assets 2014: $760,158Liabilities 2014: $738,400Net Assets 2014: $21,7582014Assets 2015: $632,740Liabilities 2015: $738,662Net Assets 2015: -$105,9222015Assets 2016: $827,537Liabilities 2016: $634,851Net Assets 2016: $192,6862016Assets 2017: $878,187Liabilities 2017: $566,436Net Assets 2017: $311,7512017Assets 2019: $120,496Liabilities 2019: $2,564Net Assets 2019: $117,9322019Assets 2020: $106,100Liabilities 2020: $223Net Assets 2020: $105,8772020Assets 2021: $85,988Liabilities 2021: $16,173Net Assets 2021: $69,8152021Assets 2022: $44,392Liabilities 2022: $2,200Net Assets 2022: $42,1922022

Highlighted filing

2013

Assets$667,380
Liabilities$483,136
Net Assets$184,244

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$2.0M$1.5M$1.0M$500K$0-$500KExpenses 2010: $1,269,6952010Expenses 2011: $1,214,1692011Expenses 2012: $1,314,6442012Revenue 2013: $1,331,152Expenses 2013: $1,471,664Net Income 2013: -$140,5122013Revenue 2014: $1,501,085Expenses 2014: $1,662,881Net Income 2014: -$161,7962014Revenue 2015: $1,486,265Expenses 2015: $1,602,762Net Income 2015: -$116,4972015Revenue 2016: $1,427,213Expenses 2016: $1,134,197Net Income 2016: $293,0162016Revenue 2017: $1,472,887Expenses 2017: $1,364,101Net Income 2017: $108,7862017Revenue 2019: $44,379Expenses 2019: $74,504Net Income 2019: -$30,1252019Revenue 2020: $22,480Expenses 2020: $34,535Net Income 2020: -$12,0552020Revenue 2021: $21,885Expenses 2021: $57,947Net Income 2021: -$36,0622021Revenue 2022: $21,175Expenses 2022: $48,798Net Income 2022: -$27,6232022

Highlighted filing

2013

Revenue$1,331,152
Expenses$1,471,664
Net Income-$140,512
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
Sep 9, 2014
Return Version
2013v3.0
Gross Receipts
$1,339,984
Mission and Program Overview

Mission

To represent the best interests of svu members and to promote quality vascular ultrasound services by providing educational, scientific, and literary activities to our members, patients, and the public.

To represent the best interests of svu members and promote quality vascular ultrasound services by providing educational, scientific and literary activities to our members, patients and the public.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$601,337$271,445▼ $329,892
Investments in Publicly Traded Securities-$207,781-
Prepaid Expenses and Deferred Charges$28,688$74,904▲ $46,216
Accounts Receivable$17,059$55,174▲ $38,115
Land, Buildings, and Equipment, Net$13,414$45,419▲ $32,005
Inventories for Sale or Use-$10,139-
Total Assets$663,016$667,380▲ $4,364
Other Assets Total$2,518$2,518→ $0
Liabilities
Deferred Revenue$303,146$425,323▲ $122,177
Accounts Payable and Accrued Expenses$43,556$57,813▲ $14,257
Total Liabilities$346,702$483,136▲ $136,434
Net Assets / Fund Balance
Unrestricted Net Assets$316,314$184,244▼ $132,070
Total Net Assets Fund Balance$316,314$184,244▼ $132,070
Total Liabilities and Net Assets / Fund Balance$663,016$667,380▲ $4,364

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$45,419$120,530$165,949
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Thomas Stefaniak Mba CaeExecutive DirectorFT$118,561$3,557$122,118

Board Members and Trustees

NameTitle
Michel E ComeauxImmediate Past President
Deborah PirtPresident
Patricia a PoePresident-elect
David ParlatoVice President
Brian P HemblingDirector
Jeanette R FlanneryDirector
Joseph P HughesDirector
Karen BurnsDirector
Kelly ByrnesDirector
Patrick WashkoDirector
Paula HeggerickDirector
R Patrick DemuthDirector
Stephanie WilsonDirector
Barton a BeanJvu Co-editor
Steven R TalbotJvu Co-editor
Steven a LeersPhysician Representative
Patricia MarquesSecretary
Kayla WieseckelStudent Representative
Leann MaupinTreasurer
Julia DmitrievaVendor Representative
Revenue and Support

Revenue Composition

Contributions and Grants
$5,835
Program Service Revenue
$1,311,218
Investment Income
$7,131
Other Revenue
$6,968
All Other Contributions
$5,835
Change in Net Assets
$-140,512

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,331,152
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$8,442
Total Revenue per Audited Statements
$1,339,594
Total Revenue per Form 990
$1,331,152
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,073,924
Salaries, Compensation, and Employee Benefits$395,240
Grants and Similar Amounts Paid$2,500
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Conferences and Meetings$263,654$92,799-$356,453
Other Salaries and Wages$187,086$13,691-$200,777
Current Officers, Directors, Trustees, and Key Employees$109,906$12,212-$122,118
Fees for Services Legal$95,002$5,921-$100,923
Fees for Services Other$75,016$12,954-$87,970
Travel$9,164$55,654-$64,818
Fees for Services Accounting-$62,739-$62,739
Occupancy-$54,770-$54,770
Pension Plan Contributions$41,517$3,531-$45,048
All Other Expenses$1,854$30,910-$32,764
Other Expenses$37,505$30,869-$30,869
Payroll Taxes$25,114$2,183-$27,297
Office Expenses$18,466$7,935-$26,401
Depreciation Depletion-$20,592-$20,592
Insurance-$4,776-$4,776
Grants to Domestic Individuals$2,500--$2,500
Total Functional Expenses$1,022,060$449,604$0$1,471,664

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,471,664
Total Expenses per Audited Statements$1,471,664
Total Expenses per Form 990$1,471,664
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

Svu works hard to give its members the professional resources needed to succeed in todays quickly changing world. The society strives to promote knowledge among ultrasound professionals of current hot topics as well as regulatory and legislative advocacy issues. Svu membership categories 1, regular members- those who are clinicians, scientists, educators and industry professionals working in or utilizing vascular technology. They shall be required to pay annual membership dues and may vote. Only those members who have received and maintain a professional credential in vascular technology may hold elected office within svu. 2 honorary members- persons who have given outstanding support and service to svu honorary membership shall be by nomination by any member of svu and requires approval of two-thirds majority of the board of directors. Honorary members shall not be required to pay annual membership dues and cannot hold elected office, but may vote. 3 retired/disabled members-those that are either retired from the profession or disabled. They must submit to svu a signed legal affidavit prepared by the svu attorney) certifying they're retired from the profession or phyisically unable to practice in the profession and pay reduced annual dues. They are eligible to vote and eligible to serve on committees. 4 founding members- those persons who were the original nine founding members of the society of noninvasive vascular technology, and shall become honorary members. 5 distinguished fellow members- a member who has made outstanding contributions to vascular ultrasound and inspired leadership in svu and selected by the board to be an svu fellow. They are required to pay annual dues. 6 signature lab membership- this membership category recognizes 100% annual membership participation in svu by a laboratory technologist who performs vascular studies and at least one (1) physician in the lab.

Form 990, Part VI, Section A, Line 7A

Regular, honorary and retired/disabled members all have the power to vote.

Form 990, Part VI, Section B, Line 11

A copy of the form 990 is sent to members of the governing board or the officers of the governing board for review and discussion before filing the return.

Form 990, Part VI, Section B, Line 12C

For each interest disclosed to the president of the svu board of directors, the president will determine whether to (a) take no action, (b) assure full disclosure to the board of directors and other individuals covered by this policy, (c) ask the person to recuse from participation in related discussions or decisions within the society, or (d) ask the person to resign from his or her position in the society or , if the person refuses to resign, become subject to possible removal in accordance with the society's removal procedures outlined in the svu policy & procedure manual. The society's chief employed executive director and treasurer will monitor proposed or ongoing transactions for conflicts of interest and disclose them to the president of the svu board of directors in order to deal with potential or actual conflicts, whether discovered before or after the transaction has occurred.

Form 990, Part VI, Section B, Line 15

The process includes all of these elements: (1) review and approval by the executive committee of the svu board of directors, (2) use of data as to comparable compensation, and (3) contemporaneous documentation and recordkeeping. 1. Review and approval- the compensation of the person is reviewed and approved by the executive committee of the svu board of directors, provided that persons with conflicts of interest with respect to the compensation arrangement at issue are not involved in this review and approval. 2. Use of data as to comparable compensation- the compensation of the person is reviewed and approved using data as to comparable compensation for similarly qualified persons in functionally comparable positions at similarly situated organizations. 3. Contemporaneous documentation and recordkeeping- there is contemporaneous documentation and recordkeeping with respect to the deliberations and decisions regarding the compensation arrangement.

Form 990, Part VI, Section C, Line 19

The organization has the policy of evaluating the requests for governing documents, policies, and financial statements prior to granting such requests.

Filing and Contact Details

Filer

EIN
31-0949301
Phone
3014597550

Signing Officer

Name
Thomas Stefaniak Mba Cae
Title
Executive Director
Phone
3014597550
Signed
2014-09-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Thomas Stefaniak Mba Cae
Formed
1977
Legal Domicile
Oh
Voting Board Members
20
Independent Board Members
20
Employees
5
Volunteers
113

Preparer

Preparer
Nancy Johnson
Phone
3014246800
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

Svu complies with the provisions of financial accounting standards board codification topic accounting for uncertainty in income taxes. For the years ended december 31, 2013 and 2012, no unrecognized tax provision or benefit exists.

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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt200
IRS990/Form990PartVIISectionAGrp/TitleTxt0PHYSICIAN REPRESENTATIVE
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4VENDOR REPRESENTATIVE
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt9VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt10PRESIDENT-ELECT
IRS990/Form990PartVIISectionAGrp/TitleTxt11SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt12TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt13IMMEDIATE PAST PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt14STUDENT REPRESENTATIVE
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18JVU CO-EDITOR
IRS990/Form990PartVIISectionAGrp/TitleTxt19JVU CO-EDITOR
IRS990/Form990PartVIISectionAGrp/TitleTxt20EXECUTIVE DIRECTOR
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IRS990/MinutesOfCommitteesInd01
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IRS990/MissionDesc0TO REPRESENT THE BEST INTERESTS OF SVU MEMBERS AND PROMOTE QUALITY VASCULAR ULTRASOUND SERVICES BY PROVIDING EDUCATIONAL, SCIENTIFIC AND LITERARY ACTIVITIES TO OUR MEMBERS, PATIENTS AND THE PUBLIC.
IRS990/MoreThan5000KToIndividualsInd00
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IRS990/OfficeExpensesGrp/ProgramServicesAmt018466
IRS990/OfficeExpensesGrp/TotalAmt026401
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IRS990/OtherAssetsTotalGrp/BOYAmt02518
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IRS990/OtherExpensesGrp/Desc0PRINTING AND COPYING
IRS990/OtherExpensesGrp/Desc1EQUIPMENT RENTAL
IRS990/OtherExpensesGrp/Desc2POSTAGE AND SHIPPING
IRS990/OtherExpensesGrp/Desc3BANK CHARGES
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IRS990/OtherExpensesGrp/ManagementAndGeneralAmt13960
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt219459
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt330869
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IRS990/OtherExpensesGrp/ProgramServicesAmt159884
IRS990/OtherExpensesGrp/ProgramServicesAmt237505
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IRS990/ProgramServiceRevenueGrp/Desc0MEMBERSHIP DUES & ASSE
IRS990/ProgramServiceRevenueGrp/Desc1ANNUAL CONFERENCE
IRS990/ProgramServiceRevenueGrp/Desc2EDUCATION AND COURSES
IRS990/ProgramServiceRevenueGrp/Desc3PRODUCTS
IRS990/ProgramServiceRevenueGrp/Desc4JOURNAL AND NEWSLETTER
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1313737
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IRS990/ProgSrvcAccomActy2Grp/Desc0JOURNAL AND NEWSLETTERS- INFORMATION AND MAGAZINE WITH ITS FOUCUS ON THE PROFESSION.
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IRS990/ProgSrvcAccomActy2Grp/RevenueAmt070417
IRS990/ProgSrvcAccomActy3Grp/Desc0CONTINUING MEDICAL EDUCATION (CME), EDUCATION COURSES AND PRODUCTS - ASSISTS MEMBERS TO PREPARE FOR INDIVIDUAL CERTIFICATION EXAMS AND ACCREDITATION OF VASCULAR ULTRASOUND LABORATORIES.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0250213
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt0263365
IRS990/ProgSrvcAccomActyOtherGrp/Desc0MEMBERSHIP SERVICES - INVOLVES THE PROCESSING OF ALL NEW MEMBER APPLICATIONS AND ANNUAL MEMBERSHIP RENEWALS. ALSO INCLUDES THE PROCESS OF EDUCATION PROGRAM REGISTRATIONS AND PRODUCT SALES FULFILLMENT, AND ANSWERING MEMBERS' QUESTIONS ABOUT MEMBER BENEFITS.
IRS990/ProgSrvcAccomActyOtherGrp/Desc1GOVERNMENT RELATIONS - INVOLVES THE MONITORING OF VARIOUS FEDERAL LEGISLATIVE AND REGULATORY ADVOCACY EFFORTS THAT CAN HAVE AN IMPACT ON THE VASCULAR ULTRASOUND PROFESSION AND SVU. IT ALSO INVOLVES THE SCHEDULING OF SVU MEETINGS AND DISCUSSIONS WITH VARIOUS FEDERAL GOVERNMENT AGENCIES, THE ADMINISTRATION, AS WELL AS MEMBERS OF CONGRESS AND THEIR STAFF. ALSO, THE COORDINATION OF ACTIVITIES OF SIDLEY AUSTIN ON VARIOUS ADVOCACY ISSUES ON BEHALF OF SVU, AS WELL AS SVU'S ROLE IN VARIOUS ULTRASOUND COALITIONS.
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt0123135
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IRS990/RevenueAmt0313737

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