Civic Intelligence

Intersocietal Accreditation Commission Inc

990 • Fiscal year 2014 • EIN 52-2003726

Jan 01, 2014 to Dec 31, 2014 • Filed on Jul 15, 2015

6021 University BlvdSuite 500Ellicott City, MD 21043

(800) 838-2110

Siviq Scores

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

Liabilities / Assets

11th percentile

0.04x

Higher debt load relative to assets than 11% of similar nonprofits.

2014 filings • 501(c)6 • $10M-$25M nonprofits • Source year 2014

Liabilities / Revenue

9th percentile

0.05x

Higher debt load relative to revenue than 9% of similar nonprofits.

2014 filings • 501(c)6 • $10M-$25M nonprofits • Source year 2014

Net Margin

75th percentile

14%

Higher net margin than 75% of similar nonprofits.

2014 filings • 501(c)6 • $10M-$25M nonprofits • Source year 2014

Top Officer Pay

49th percentile

$356,050

Higher top officer pay than 49% of similar nonprofits.

Top officer pay equals 2.9% of source-year revenue.

2014 filings • 501(c)6 • $10M-$25M nonprofits • Source year 2014

Asset Growth

73rd percentile

12%

Faster asset growth than 73% of similar nonprofits.

2014 filings • 501(c)6 • $10M-$25M nonprofits • Annualized from 2013 to 2014

Revenue Growth

94th percentile

46%

Faster revenue growth than 94% of similar nonprofits.

2014 filings • 501(c)6 • $10M-$25M nonprofits • Annualized from 2013 to 2014

Assets

Up

$15,834,343

Up $1,758,007 (+12%) from 2013

Net Assets

Up

$15,248,253

Up $1,808,279 (+13%) from 2013

Liabilities

Down

$586,090

Down $50,272 (-7.9%) from 2013

Revenue

Up

$12,132,521

Up $3,840,456 (+46%) from 2013

Expenses

Up

$10,409,054

Up $2,193,158 (+27%) from 2013

Net Income

Up

$1,723,467

Up $1,647,298 (+2163%) from 2013

Historical Trend

Balance Sheet Trend

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

$30M$20M$10M$0Assets 2010: $10,973,856Liabilities 2010: $726,223Net Assets 2010: $10,247,6332010Assets 2011: $13,894,674Liabilities 2011: $664,934Net Assets 2011: $13,229,7402011Assets 2012: $13,589,007Liabilities 2012: $694,938Net Assets 2012: $12,894,0692012Assets 2013: $14,076,336Liabilities 2013: $636,362Net Assets 2013: $13,439,9742013Assets 2014: $15,834,343Liabilities 2014: $586,090Net Assets 2014: $15,248,2532014Assets 2015: $15,734,032Liabilities 2015: $530,656Net Assets 2015: $15,203,3762015Assets 2016: $15,738,633Liabilities 2016: $455,888Net Assets 2016: $15,282,7452016Assets 2017: $18,684,096Liabilities 2017: $366,219Net Assets 2017: $18,317,8772017Assets 2018: $19,393,824Liabilities 2018: $279,849Net Assets 2018: $19,113,9752018Assets 2019: $22,159,975Liabilities 2019: $208,434Net Assets 2019: $21,951,5412019Assets 2020: $25,164,705Liabilities 2020: $872,476Net Assets 2020: $24,292,2292020Assets 2021: $28,295,672Liabilities 2021: $8,259Net Assets 2021: $28,287,4132021Assets 2022: $25,549,864Liabilities 2022: $2,576Net Assets 2022: $25,547,2882022Assets 2023: $26,553,624Liabilities 2023: $39,639Net Assets 2023: $26,513,9852023Assets 2024: $29,819,501Liabilities 2024: $0Net Assets 2024: $29,819,5012024

Highlighted filing

2014

Assets$15,834,343
Liabilities$586,090
Net Assets$15,248,253

Operations Trend

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

$15M$10M$5.0M$0-$5.0MRevenue 2010: $7,587,958Expenses 2010: $6,071,983Net Income 2010: $1,515,9752010Revenue 2011: $11,412,982Expenses 2011: $8,436,983Net Income 2011: $2,975,9992011Expenses 2012: $8,649,2782012Revenue 2013: $8,292,065Expenses 2013: $8,215,896Net Income 2013: $76,1692013Revenue 2014: $12,132,521Expenses 2014: $10,409,054Net Income 2014: $1,723,4672014Revenue 2015: $9,600,689Expenses 2015: $9,137,823Net Income 2015: $462,8662015Revenue 2016: $9,486,522Expenses 2016: $9,911,841Net Income 2016: -$425,3192016Revenue 2017: $12,000,442Expenses 2017: $9,786,529Net Income 2017: $2,213,9132017Revenue 2018: $11,411,394Expenses 2018: $9,794,933Net Income 2018: $1,616,4612018Revenue 2019: $10,938,177Expenses 2019: $9,624,902Net Income 2019: $1,313,2752019Revenue 2020: $12,461,014Expenses 2020: $10,250,846Net Income 2020: $2,210,1682020Revenue 2021: $12,374,113Expenses 2021: $10,289,926Net Income 2021: $2,084,1872021Revenue 2022: $10,525,276Expenses 2022: $10,518,320Net Income 2022: $6,9562022Revenue 2023: $10,048,760Expenses 2023: $12,171,947Net Income 2023: -$2,123,1872023Revenue 2024: $14,351,653Expenses 2024: $10,791,966Net Income 2024: $3,559,6872024

Highlighted filing

2014

Revenue$12,132,521
Expenses$10,409,054
Net Income$1,723,467
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Jul 15, 2015
Return Version
2014v5.0
Gross Receipts
$12,138,563
Mission and Program Overview

Mission

The intersocietal accreditation commission (iac) programs are dedicated to ensuring quality patient care and promoting health care and are all dedicated to one mission: improving health care through accreditation.

Provides accreditation of diagnostic testing facilities through a process of peer review and accreditation.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$6,402,710$8,753,134▲ $2,350,424
Cash and Non-Interest-Bearing Accounts$6,304,728$5,813,992▼ $490,736
Land, Buildings, and Equipment, Net$470,675$436,696▼ $33,979
Accounts Receivable$2,452$5,200▲ $2,748
Savings and Temporary Cash Investments$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$14,076,336$15,834,343▲ $1,758,007
Other Assets Total$895,771$825,321▼ $70,450
Liabilities
Mortgage Notes Payable Secured by Investment Property$629,900$586,087▼ $43,813
Other Liabilities$6,462$3▼ $6,459
Accounts Payable and Accrued Expenses$0$0→ $0
Grants Payable$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$636,362$586,090▼ $50,272
Net Assets / Fund Balance
Unrestricted Net Assets$13,439,974$15,248,253▲ $1,808,279
Permanently Rstr Net Assets$0$0→ $0
Temporarily Rstr Net Assets$0$0→ $0
Total Net Assets Fund Balance$13,439,974$15,248,253▲ $1,808,279
Total Liabilities and Net Assets / Fund Balance$14,076,336$15,834,343▲ $1,758,007

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$436,696$950,348$1,387,044
Other Assets Org$8,406--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Sandra L KatanickcaernrvtCEOFT$310,000$46,050$356,050
Kenneth KirbyChief Information OfficerFT$135,999$18,594$154,593
Mary LallyDeputy CEO/CEO ElectFT$136,609$12,809$149,418
Cynthia WeilandChief Compliance OfficerFT$131,437$11,517$142,954
Mary Beth FarrellDirector of ResearchFT$106,629$12,674$119,303
Frank VermeirenDirector of Strategic Bus. DevFT$105,161$10,740$115,901
Lorraine Fig Shapiro Md Chb MphBoard Member-$15,475-$15,475
Benjamin Mccallister Jr MdChair-$15,000-$15,000
Steven Needell MdBoard Member-$13,000-$13,000
Alan Dietzek Md Facs Rpvi RvtBoard Member-$10,150-$10,150
Lowell Kabnick Md Rphs FacsBoard Member-$10,150-$10,150
David Sacks MdSecretary/treasurer-$10,000-$10,000
Gavin Setzen MdBoard Member-$10,000-$10,000
J Michael Bacharach MdBoard Member-$10,000-$10,000
James Benenati MdBoard Member-$10,000-$10,000
Michael Jaff Do Rpvi Facp FaccBoard Member-$10,000-$10,000
Raymond Stainback MdBoard Member-$10,000-$10,000
Robert Mortensen Mba RtBoard Member-$10,000-$10,000
Timothy Bateman MdBoard Member-$10,000-$10,000

Board Members and Trustees

NameTitle
Geoffrey a Rose Md FaseImmediate Past Chair

Highest Paid Contractors

ContractorServicesLocationCompensation
Sandra Witt RdcsClinical Reviews2934 LINWOOD AVE, Cincinnati, OH 45208$209,345
Betty Glascock RdcsClinical Reviews54 WEST MILLS AVENUE, Cincinnati, OH 45215$198,045
Susan HamrickClinical Reviews4001 BEAVERBROOK ROAD, Clemmons, NC 27012$155,316
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$11,890,148
Investment Income
$227,373
Other Revenue
$15,000
Change in Net Assets
$1,723,467
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$5,427,041
Salaries, Compensation, and Employee Benefits$4,982,013
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$3,038,269
Current Officers, Directors, Trustees, and Key Employees---$1,181,994
All Other Expenses---$1,044,358
Occupancy---$616,575
Conferences and Meetings---$505,754
Other Employee Benefits---$329,165
Payroll Taxes---$298,112
Depreciation Depletion---$280,071
Other Expenses---$185,120
Pension Plan Contributions---$134,473
Insurance---$109,985
Fees for Services Legal---$93,661
Fees for Services Accounting---$43,627
Office Expenses---$34,354
Fees for Service Investment Mgmnt Fees---$8,069
Advertising---$2,355
Total Functional Expenses$0$0$0$10,409,054
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
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Other Withholding$3
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
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

Part VI, Section C, Line 19

The organization makes its governing documents, conflict of interest policy, and financial statements available upon request.

Part VI, Schedule B, Line 11B

The 990 is reviewed by the accountant, ceo, deputy ceo and director of finance and administration. A copy of the final 990 is emailed to all board members before the 990 is filed.

Part VI, Section B, Line 12C

The ceo and board monitors and enforces the conflict of interest policy.

Part VI, Section B, Line 15

An independent consulting company was used for the purpose of determining the ceo and deputy ceo salary increases and bonuses. The consulting firm uses a minimum of three reference services that provide benchmark data for nonprofit organizations based on organizational size, budget and location. The consultant's report was reviewed by the chairman during the ceo review process and the salary was reviewed and approved by the board of directors.

Filing and Contact Details

Filer

Filer Name
Intersocietal Accreditation Commission Inc
EIN
52-2003726
In Care Of
% IAC
Phone
8008382110
Address
6021 UNIVERSITY BLVD, Suite 500, ELLICOTT CITY, MD 21043

Signing Officer

Name
Sandra Katanick
Title
CEO
Phone
8008382110
Signed
2015-07-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Sandra Katanick CAE RN
Formed
1996
Legal Domicile
Md
Voting Board Members
14
Independent Board Members
9
Employees
57

Preparer

Firm
Cardoni Waddell LLC
Address
8850 Stanford Blvd Suite 3300, Columbia, MD 21045
Preparer
Edward L Waddell
Phone
4102900770
Supplemental Narrative

Additional Explanations

Part XI, Line 5

Other changes in net assets resulted from unrealized gains on investments during the year.

Form 990 Part IX Line 24 - Other Expenses

Description:exhibit expenses total expenses:150948

Form 990 Part IX Line 24 - Other Expenses

Description:printing total expenses:100143

Form 990 Part IX Line 24 - Other Expenses

Description:postage total expenses:121960

Form 990 Part IX Line 24 - Other Expenses

Description:contracted services total expenses:55959

Form 990 Part IX Line 24 - Other Expenses

Description:vigiliant expense total expenses:78566

Form 990 Part IX Line 24 - Other Expenses

Description:site visit expense - random total expenses:73704

Form 990 Part IX Line 24 - Other Expenses

Description:site visit random - honoraria total expenses:35000

Form 990 Part IX Line 24 - Other Expenses

Description:bank and bankcard fees total expenses:108083

Form 990 Part IX Line 24 - Other Expenses

Description:miscellaneous total expenses:11204

Form 990 Part IX Line 24 - Other Expenses

Description:computer software total expenses:55990

Form 990 Part IX Line 24 - Other Expenses

Description:dues and subscriptions total expenses:7071

Form 990 Part IX Line 24 - Other Expenses

Description:furniture total expenses:694

Form 990 Part IX Line 24 - Other Expenses

Description:professional services total expenses:122210

Form 990 Part IX Line 24 - Other Expenses

Description:office equipment leases total expenses:21359

Form 990 Part IX Line 24 - Other Expenses

Description:plaques and boxes total expenses:4141

Form 990 Part IX Line 24 - Other Expenses

Description:record storage total expenses:41449

Form 990 Part IX Line 24 - Other Expenses

Description:repairs and maintenance total expenses:2134

Form 990 Part IX Line 24 - Other Expenses

Description:staff appreciation total expenses:8365

Form 990 Part IX Line 24 - Other Expenses

Description:staff development total expenses:15094

Form 990 Part IX Line 24 - Other Expenses

Description:taxes other total expenses:12875

Form 990 Part IX Line 24 - Other Expenses

Description:training workshop total expenses:533

Form 990 Part IX Line 24 - Other Expenses

Description:telephone total expenses:49358

Form 990 Part IX Line 24 - Other Expenses

Description:volunteer appreciation total expenses:12292

Form 990 Part IX Line 24 - Other Expenses

Description:webcast total expenses:25182

Form 990 Part IX Line 24 - Other Expenses

Description:website total expenses:86396

Form 990 Part IX Line 24 - Other Expenses

Description:reimbursement of expenses total expenses:-197123

Form 990 Part IX Line 24 - Other Expenses

Description:accreditation products total expenses:35785

Form 990 Part IX Line 24 - Other Expenses

Description:other expense total expenses:4986

Financial Statement Notes

Schedule D, Part X, Line 1

The organization follows the provisions of accounting for uncertainty in income taxes under the income taxes topic of the codification. The codification requires the evaluation of tax provisions, which includes maintaining its tax-exempt status and the taxability of any unrelated business income, and does not allow recognition of tax positions which do not meet the "more-likely-than-not" threshold of being sustained by the applicable tax authority. Management does not believe it has taken any tax positions that would not meet this threshold.

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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$29.8$0.00$29.8$14.4$10.8$3.56
2023Detailed filing. Detailed filing data is available for this year.$26.6$0.04$26.5$10.0$12.2$2.12
2022Detailed filing. Detailed filing data is available for this year.$25.5$0.00$25.5$10.5$10.5$0.01
2021Detailed filing. Detailed filing data is available for this year.$28.3$0.01$28.3$12.4$10.3$2.08
2020Detailed filing. Detailed filing data is available for this year.$25.2$0.87$24.3$12.5$10.3$2.21
2019Detailed filing. Detailed filing data is available for this year.$22.2$0.21$22.0$10.9$9.62$1.31
2018Detailed filing. Detailed filing data is available for this year.$19.4$0.28$19.1$11.4$9.79$1.62
2017Detailed filing. Detailed filing data is available for this year.$18.7$0.37$18.3$12.0$9.79$2.21
2016Detailed filing. Detailed filing data is available for this year.$15.7$0.46$15.3$9.49$9.91$0.43
2015Detailed filing. Detailed filing data is available for this year.$15.7$0.53$15.2$9.60$9.14$0.46
2014Detailed filing. Detailed filing data is available for this year.$15.8$0.59$15.2$12.1$10.4$1.72
2013Detailed filing. Detailed filing data is available for this year.$14.1$0.64$13.4$8.29$8.22$0.08
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$13.6$0.69$12.9$8.65
2011Summary only. Only limited summary data is available for this year.$13.9$0.66$13.2$11.4$8.44$2.98
2010Summary only. Only limited summary data is available for this year.$11.0$0.73$10.2$7.59$6.07$1.52