Civic Intelligence

Nuclear Industry Assessment Corp

EIN 47-4574471 • 501(c)6 • Orange, CA

Profile

The nuclear industry assessment corporations (niac) purpose is to facilitate niac shared audit program. This is a result of an industry initiative to share the results of supplier audits among industry companies, thereby reducing the number of external audits on the supplier. The program is similar to the joint audit program operated by utilities through the nuclear procurement issues committee (nupic) except membership is limited to nuclear industry suppliers, joint audits are not conducted and audits are shared only with member companies which have a bona fide business relationship with the audited supplier. Niac is to provide a cost and quality effective program for the performance of audits (referred to as assessments) and the sharing of assessment results. The niac shared audit program is based on a standardized approach for the performance of supplier assessments, utilizing a standard assessment checklist approved by all members of niac. The assessment checklist delineates those

1835 W Orangewood Ave Suite 220Orange, CA 92868

none

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

49th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)6 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

50th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)6 • <$500k nonprofits • Source year 2023

Net Margin

19th percentile

-24%

Higher net margin than 19% of similar nonprofits.

501(c)6 • <$500k nonprofits • Source year 2023

Top Officer Pay

80th percentile

$0

Higher top officer pay than 80% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)6 • <$500k nonprofits • Source year 2022

Asset Growth

27th percentile

-17%

Faster asset growth than 27% of similar nonprofits.

501(c)6 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

59th percentile

5.8%

Faster revenue growth than 59% of similar nonprofits.

501(c)6 • <$500k nonprofits • Annualized from 2022 to 2023

Assets

Down

$114,069

Down $36,744 (-24%) from 2023

Liabilities

-

No earlier filing loaded for comparison.

Net Assets

$114,069

No earlier filing loaded for comparison.

Revenue

Up

$148,814

Up $24,233 (+19%) from 2023

Expenses

Up

$185,558

Up $30,587 (+20%) from 2023

Net Income

Down

-$36,744

Down $6,354 (-21%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$300K$200K$100K$0Assets 2016: $105,510Net Assets 2016: $105,5102016Assets 2017: $104,705Net Assets 2017: $104,7052017Assets 2018: $102,090Net Assets 2018: $102,0902018Assets 2019: $100,002Net Assets 2019: $100,0022019Assets 2020: $135,888Net Assets 2020: $135,8882020Assets 2021: $208,607Net Assets 2021: $208,6072021Assets 2022: $181,203Net Assets 2022: $181,2032022Assets 2023: $150,813Liabilities 2023: $02023Assets 2024: $114,069Net Assets 2024: $114,0692024

Highlighted filing

2024

Assets$114,069
Liabilities-
Net Assets$114,069

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$200K$100K$0-$100KRevenue 2016: $108,640Expenses 2016: $3,130Net Income 2016: $105,5102016Revenue 2017: $35,339Expenses 2017: $36,144Net Income 2017: -$8052017Revenue 2018: $164,272Expenses 2018: $166,887Net Income 2018: -$2,6152018Revenue 2019: $102,119Expenses 2019: $104,207Net Income 2019: -$2,0882019Revenue 2020: $116,496Expenses 2020: $80,610Net Income 2020: $35,8862020Revenue 2021: $152,291Expenses 2021: $79,572Net Income 2021: $72,7192021Revenue 2022: $117,724Expenses 2022: $145,128Net Income 2022: -$27,4042022Revenue 2023: $124,581Expenses 2023: $154,971Net Income 2023: -$30,3902023Revenue 2024: $148,814Expenses 2024: $185,558Net Income 2024: -$36,7442024

Highlighted filing

2024

Revenue$148,814
Expenses$185,558
Net Income-$36,744

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Oct 1, 2023 to Sep 30, 2024
Signed
Feb 28, 2024
Return Version
2023v6.0
Gross Receipts
$148,814
Mission and Program Overview

Mission

The nuclear industry assessment corporations (niac) purpose is to facilitate niac shared audit program. This is a result of an industry initiative to share the results of supplier audits among industry companies, thereby reducing the number of external audits on the supplier. The program is similar to the joint audit program operated by utilities through the nuclear procurement issues committee (nupic) except membership is limited to nuclear industry suppliers, joint audits are not conducted and audits are shared only with member companies which have a bona fide business relationship with the audited supplier. Niac is to provide a cost and quality effective program for the performance of audits (referred to as assessments) and the sharing of assessment results. The niac shared audit program is based on a standardized approach for the performance of supplier assessments, utilizing a standard assessment checklist approved by all members of niac. The assessment checklist delineates those

Program Services

DescriptionGrantsExpenses
THE NUCLEAR INDUSTRY ASSESSMENT CORPORATION'S (NIAC) PURPOSE IS TO FACILITATE NIAC SHARED AUDIT PROGRAM. THIS PROGRAM REDUCES THE NUMBER OF EXTERNAL AUDITS ON A SUPPLIER IN THIS REGARD THE ORGANIZATION AND ITS MEMBERS COMPLETED 61 AUDITS IN THE CURRENT FISCAL YEAR.--
THE OTHER ACCOMPLISHMENT OF THE ORGANIZATION IS TO HOLD SEMI ANNUAL TRAINING EVENTS TO FACILITATE THE INTERCHANGE OF AUDIT TECHNIQUES AND KNOWLEDGE OF STANDARDS AMONG ITS MEMBERS DURING THE FISCAL YEAR THE ORGANIZATION HELD ITS ANNUAL MEETING FOR ITS MEMBERSHIP IN NOVEMBER 2021 IN SAN DIEGO,CALIFORNIA WHICH WAS ATTENDED BY A MAJORITY OF THE MEMEMBERS FOR TRAINING AND THE FACILITATION OF AN EXCHANGE OF AUDIT TECHNIQUES AND KNOWLEDGE OF STANDARDS.--
THE NUCLEAR INDUSTRY ASSESSMENT CORPORATION'S (NIAC) PURPOSE IS TO FACILITATE NIAC SHARED AUDIT PROGRAM. THIS PROGRAM REDUCES THE NUMBER OF EXTERNAL AUDITS ON A SUPPLIER IN THIS REGARD THE ORGANIZATION AND ITS MEMBERS COMPLETED 96 AUDITS IN THE CURRENT FISCAL YEAR.--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
MIKE DUNKLEBERGERChairman-$0--
STANLEY GRIFFINVice Chairma-$0--
JOYCE B HAMMANTreasurer-$0--
ZACH KURTIKSecretary-$0--
JOSHUA HARTChief Compli-$0--
Filing and Contact Details

Filer

Filer Name
Nuclear Industry Assessment Corp
EIN
47-4574471
Phone
7149409901
Address
1835 W ORANGEWOOD AVE SUITE 220, ORANGE, CA 92868

Signing Officer

Name
Joyce B Hamman
Title
Treasurer
Phone
6783281215
Signed
2024-02-28
Discuss with paid preparer
Yes

Preparer

Firm
Curtis R Eakin CPA Apc
Address
1835 W ORANGEWOOD AVE STE 220, ORANGE, CA 92868
Preparer
Curtis R Eakin CPA
Phone
7149409901
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16

Expenses office expense 71,011 dues & subscriptions 91 meeting & training expense 109,165 surety bond 326 total 180,593

Form 990-ez, Part III

The nuclear industry assessment corporations (niac) purpose is to facilitate niac shared audit program. This is a result of an industry initiative to share the results of supplier audits among industry companies, thereby reducing the number of external audits on the supplier. The program is similar to the joint audit program operated by utilities through the nuclear procurement issues committee (nupic) except membership is limited to nuclear industry suppliers, joint audits are not conducted and audits are shared only with member companies which have a bona fide business relationship with the audited supplier. Niac is to provide a cost and quality effective program for the performance of audits (referred to as assessments) and the sharing of assessment results. The niac shared audit program is based on a standardized approach for the performance of supplier assessments, utilizing a standard assessment checklist approved by all members of niac. The assessment checklist delineates those criteria of 10cfr50 appendix b, ansi n45.2, asme nqa-1, asme nca-4000 and/or nca-3800, which are applicable to nuclear suppliers for the item or service being supplied by that supplier. Niac members perform assessments on suppliers common to at least one other niac member with the results then shared by all niac members, which utilize the audited supplier. Performing and sharing assessment results realize the following benefits: supplier quality assurance programs are evaluated using a consistent basis. Standard methodology is utilized for the performance of supplier assessments. Member companies save on audit costs by the sharing of assessment results. Suppliers save on audit costs by a reduction in the number of assessments conducted. Interface and cooperation between industry peers is increased. A ratio technique is used to assure that all niac member companies perform and receive assessments commensurate with their needs and resources. Thus, regardless of member company size or needs, each shares the burden of performing while enjoying the benefits of sharing, usually by each company performing one assessment for every two assessments received. Revision the niac shared audit program is administered in accordance with the following general provisions: assessments are usually performed by one or two auditors from the assessing members company and are performed and documented in accordance with the member companys qa program. Joint member assessments are not performed. Niac member companies which have expressed an interest in the assessment report and which are customers of the assessed supplier are identified to the assessed supplier, who concurs with report distribution prior to conduct of the assessment. Any additional report distribution to other niac members after assessment performance is also subject to prior written consent of the assessed supplier. Member companies receive a copy of all assessment data, including the assessment report, assessment checklist and all identified findings and observations. The receiving member companies then evaluate the assessment report and associated data in accordance with their own qa programs to determine if the supplier is qualified for their particular needs . Niac membership is open to all suppliers of goods and services for the nuclear industry who maintain a 10cfr50 appendix b quality program, and accept 10cfr part 21.

Form 990-ez, Part III, Line 28

The nuclear industry assessment corporation's (niac) purpose is to facilitate niac shared audit program. This program reduces the number of external audits on a supplier in this regard the organization and its members completed 61 audits in the current fiscal year.

Form 990-ez, Part III, Line 29

The other accomplishment of the organization is to hold semi annual training events to facilitate the interchange of audit techniques and knowledge of standards among its members during the fiscal year the organization held its annual meeting for its membership in november 2021 in san diego,california which was attended by a majority of the memembers for training and the facilitation of an exchange of audit techniques and knowledge of standards.

Form 990-ez, Part III, Line 31

The nuclear industry assessment corporation's (niac) purpose is to facilitate niac shared audit program. This program reduces the number of external audits on a supplier in this regard the organization and its members completed 96 audits in the current fiscal year.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXPENSES OFFICE EXPENSE 71,011 DUES & SUBSCRIPTIONS 91 MEETING & TRAINING EXPENSE 109,165 SURETY BOND 326 TOTAL 180,593
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE NUCLEAR INDUSTRY ASSESSMENT CORPORATIONS (NIAC) PURPOSE IS TO FACILITATE NIAC SHARED AUDIT PROGRAM. THIS IS A RESULT OF AN INDUSTRY INITIATIVE TO SHARE THE RESULTS OF SUPPLIER AUDITS AMONG INDUSTRY COMPANIES, THEREBY REDUCING THE NUMBER OF EXTERNAL AUDITS ON THE SUPPLIER. THE PROGRAM IS SIMILAR TO THE JOINT AUDIT PROGRAM OPERATED BY UTILITIES THROUGH THE NUCLEAR PROCUREMENT ISSUES COMMITTEE (NUPIC) EXCEPT MEMBERSHIP IS LIMITED TO NUCLEAR INDUSTRY SUPPLIERS, JOINT AUDITS ARE NOT CONDUCTED AND AUDITS ARE SHARED ONLY WITH MEMBER COMPANIES WHICH HAVE A BONA FIDE BUSINESS RELATIONSHIP WITH THE AUDITED SUPPLIER. NIAC IS TO PROVIDE A COST AND QUALITY EFFECTIVE PROGRAM FOR THE PERFORMANCE OF AUDITS (REFERRED TO AS ASSESSMENTS) AND THE SHARING OF ASSESSMENT RESULTS. THE NIAC SHARED AUDIT PROGRAM IS BASED ON A STANDARDIZED APPROACH FOR THE PERFORMANCE OF SUPPLIER ASSESSMENTS, UTILIZING A STANDARD ASSESSMENT CHECKLIST APPROVED BY ALL MEMBERS OF NIAC. THE ASSESSMENT CHECKLIST DELINEATES THOSE CRITERIA OF 10CFR50 APPENDIX B, ANSI N45.2, ASME NQA-1, ASME NCA-4000 AND/OR NCA-3800, WHICH ARE APPLICABLE TO NUCLEAR SUPPLIERS FOR THE ITEM OR SERVICE BEING SUPPLIED BY THAT SUPPLIER. NIAC MEMBERS PERFORM ASSESSMENTS ON SUPPLIERS COMMON TO AT LEAST ONE OTHER NIAC MEMBER WITH THE RESULTS THEN SHARED BY ALL NIAC MEMBERS, WHICH UTILIZE THE AUDITED SUPPLIER. PERFORMING AND SHARING ASSESSMENT RESULTS REALIZE THE FOLLOWING BENEFITS: SUPPLIER QUALITY ASSURANCE PROGRAMS ARE EVALUATED USING A CONSISTENT BASIS. STANDARD METHODOLOGY IS UTILIZED FOR THE PERFORMANCE OF SUPPLIER ASSESSMENTS. MEMBER COMPANIES SAVE ON AUDIT COSTS BY THE SHARING OF ASSESSMENT RESULTS. SUPPLIERS SAVE ON AUDIT COSTS BY A REDUCTION IN THE NUMBER OF ASSESSMENTS CONDUCTED. INTERFACE AND COOPERATION BETWEEN INDUSTRY PEERS IS INCREASED. A RATIO TECHNIQUE IS USED TO ASSURE THAT ALL NIAC MEMBER COMPANIES PERFORM AND RECEIVE ASSESSMENTS COMMENSURATE WITH THEIR NEEDS AND RESOURCES. THUS, REGARDLESS OF MEMBER COMPANY SIZE OR NEEDS, EACH SHARES THE BURDEN OF PERFORMING WHILE ENJOYING THE BENEFITS OF SHARING, USUALLY BY EACH COMPANY PERFORMING ONE ASSESSMENT FOR EVERY TWO ASSESSMENTS RECEIVED. REVISION THE NIAC SHARED AUDIT PROGRAM IS ADMINISTERED IN ACCORDANCE WITH THE FOLLOWING GENERAL PROVISIONS: ASSESSMENTS ARE USUALLY PERFORMED BY ONE OR TWO AUDITORS FROM THE ASSESSING MEMBERS COMPANY AND ARE PERFORMED AND DOCUMENTED IN ACCORDANCE WITH THE MEMBER COMPANYS QA PROGRAM. JOINT MEMBER ASSESSMENTS ARE NOT PERFORMED. NIAC MEMBER COMPANIES WHICH HAVE EXPRESSED AN INTEREST IN THE ASSESSMENT REPORT AND WHICH ARE CUSTOMERS OF THE ASSESSED SUPPLIER ARE IDENTIFIED TO THE ASSESSED SUPPLIER, WHO CONCURS WITH REPORT DISTRIBUTION PRIOR TO CONDUCT OF THE ASSESSMENT. ANY ADDITIONAL REPORT DISTRIBUTION TO OTHER NIAC MEMBERS AFTER ASSESSMENT PERFORMANCE IS ALSO SUBJECT TO PRIOR WRITTEN CONSENT OF THE ASSESSED SUPPLIER. MEMBER COMPANIES RECEIVE A COPY OF ALL ASSESSMENT DATA, INCLUDING THE ASSESSMENT REPORT, ASSESSMENT CHECKLIST AND ALL IDENTIFIED FINDINGS AND OBSERVATIONS. THE RECEIVING MEMBER COMPANIES THEN EVALUATE THE ASSESSMENT REPORT AND ASSOCIATED DATA IN ACCORDANCE WITH THEIR OWN QA PROGRAMS TO DETERMINE IF THE SUPPLIER IS QUALIFIED FOR THEIR PARTICULAR NEEDS . NIAC MEMBERSHIP IS OPEN TO ALL SUPPLIERS OF GOODS AND SERVICES FOR THE NUCLEAR INDUSTRY WHO MAINTAIN A 10CFR50 APPENDIX B QUALITY PROGRAM, AND ACCEPT 10CFR PART 21.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE NUCLEAR INDUSTRY ASSESSMENT CORPORATION'S (NIAC) PURPOSE IS TO FACILITATE NIAC SHARED AUDIT PROGRAM. THIS PROGRAM REDUCES THE NUMBER OF EXTERNAL AUDITS ON A SUPPLIER IN THIS REGARD THE ORGANIZATION AND ITS MEMBERS COMPLETED 61 AUDITS IN THE CURRENT FISCAL YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE OTHER ACCOMPLISHMENT OF THE ORGANIZATION IS TO HOLD SEMI ANNUAL TRAINING EVENTS TO FACILITATE THE INTERCHANGE OF AUDIT TECHNIQUES AND KNOWLEDGE OF STANDARDS AMONG ITS MEMBERS DURING THE FISCAL YEAR THE ORGANIZATION HELD ITS ANNUAL MEETING FOR ITS MEMBERSHIP IN NOVEMBER 2021 IN SAN DIEGO,CALIFORNIA WHICH WAS ATTENDED BY A MAJORITY OF THE MEMEMBERS FOR TRAINING AND THE FACILITATION OF AN EXCHANGE OF AUDIT TECHNIQUES AND KNOWLEDGE OF STANDARDS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE NUCLEAR INDUSTRY ASSESSMENT CORPORATION'S (NIAC) PURPOSE IS TO FACILITATE NIAC SHARED AUDIT PROGRAM. THIS PROGRAM REDUCES THE NUMBER OF EXTERNAL AUDITS ON A SUPPLIER IN THIS REGARD THE ORGANIZATION AND ITS MEMBERS COMPLETED 96 AUDITS IN THE CURRENT FISCAL YEAR.
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Peer Organizations

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