Civic Intelligence

National Board of Echocardiography

EIN 56-2000084 • 501(c)6 • Raleigh, NC

Profile

To improve the quality of cardiovascular patient care by developing and administering examinations leading to certification of physicians with special knowledge and expertise in echocardiography.

3915 Beryl Road Suite 130Raleigh, NC 27607

www.echoboards.org

Siviq Scores

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

Liabilities / Assets

45th percentile

0.18x

Higher debt load relative to assets than 45% of similar nonprofits.

501(c)6 • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

77th percentile

0.59x

Higher debt load relative to revenue than 77% of similar nonprofits.

501(c)6 • $5M-$10M nonprofits • Source year 2024

Net Margin

4th percentile

-39%

Higher net margin than 4% of similar nonprofits.

501(c)6 • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

13th percentile

$0

Higher top officer pay than 13% of similar nonprofits.

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

501(c)6 • $5M-$10M nonprofits • Source year 2024

Asset Growth

42nd percentile

3.2%

Faster asset growth than 42% of similar nonprofits.

501(c)6 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Revenue Growth

14th percentile

-8.0%

Faster revenue growth than 14% of similar nonprofits.

501(c)6 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets45th percentile

Assets

Up

$9,907,516

Up $309,152 (+3.2%) from 2023

Liabilities

Up

$1,771,408

Up $1,207,134 (+214%) from 2023

Net Assets

Down

$8,136,108

Down $897,982 (-9.9%) from 2023

Operations
Liabilities / Revenue77th percentileNet Margin4th percentile

Revenue

Down

$2,985,608

Down $259,099 (-8.0%) from 2023

Expenses

Down

$4,156,822

Down $696,369 (-14%) from 2023

Net Income

Up

-$1,171,214

Up $437,270 (+27%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth42nd percentile

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

$15M$10M$5.0M$0Assets 2011: $2,670,291Liabilities 2011: $233,078Net Assets 2011: $2,437,2132011Assets 2012: $3,721,324Liabilities 2012: $254,521Net Assets 2012: $3,466,8032012Assets 2013: $4,805,160Liabilities 2013: $341,651Net Assets 2013: $4,463,5092013Assets 2014: $5,841,968Liabilities 2014: $257,087Net Assets 2014: $5,584,8812014Assets 2015: $6,607,228Liabilities 2015: $356,084Net Assets 2015: $6,251,1442015Assets 2016: $7,487,217Liabilities 2016: $227,309Net Assets 2016: $7,259,9082016Assets 2017: $8,761,456Liabilities 2017: $175,247Net Assets 2017: $8,586,2092017Assets 2018: $9,119,117Liabilities 2018: $796,964Net Assets 2018: $8,322,1532018Assets 2019: $10,825,371Liabilities 2019: $1,182,037Net Assets 2019: $9,643,3342019Assets 2020: $12,217,191Liabilities 2020: $1,038,022Net Assets 2020: $11,179,1692020Assets 2021: $13,377,462Liabilities 2021: $929,311Net Assets 2021: $12,448,1512021Assets 2022: $10,668,936Liabilities 2022: $775,015Net Assets 2022: $9,893,9212022Assets 2023: $9,598,364Liabilities 2023: $564,274Net Assets 2023: $9,034,0902023Assets 2024: $9,907,516Liabilities 2024: $1,771,408Net Assets 2024: $8,136,1082024

Highlighted filing

2024

Assets$9,907,516
Liabilities$1,771,408
Net Assets$8,136,108
Open 2024 Filing

Operations Trend

Revenue Growth14th percentile

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2011: $1,726,935Expenses 2011: $1,384,735Net Income 2011: $342,2002011Revenue 2012: $2,039,806Expenses 2012: $1,216,158Net Income 2012: $823,6482012Revenue 2013: $2,088,907Expenses 2013: $1,196,376Net Income 2013: $892,5312013Revenue 2014: $2,380,018Expenses 2014: $1,335,850Net Income 2014: $1,044,1682014Revenue 2015: $2,184,725Expenses 2015: $1,339,452Net Income 2015: $845,2732015Revenue 2016: $2,332,511Expenses 2016: $1,760,898Net Income 2016: $571,6132016Revenue 2017: $2,414,380Expenses 2017: $1,735,234Net Income 2017: $679,1462017Revenue 2018: $2,875,435Expenses 2018: $2,322,615Net Income 2018: $552,8202018Revenue 2019: $3,017,842Expenses 2019: $2,973,249Net Income 2019: $44,5932019Revenue 2020: $3,633,988Expenses 2020: $2,589,847Net Income 2020: $1,044,1412020Revenue 2021: $3,977,671Expenses 2021: $2,977,360Net Income 2021: $1,000,3112021Revenue 2022: $3,809,113Expenses 2022: $3,904,064Net Income 2022: -$94,9512022Revenue 2023: $3,244,707Expenses 2023: $4,853,191Net Income 2023: -$1,608,4842023Revenue 2024: $2,985,608Expenses 2024: $4,156,822Net Income 2024: -$1,171,2142024

Highlighted filing

2024

Revenue$2,985,608
Expenses$4,156,822
Net Income-$1,171,214
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$9,907,516
Liabilities
$1,771,408
Net assets
$8,136,108
Revenue
$2,985,608
Expenses
$4,156,822
Net income
-$1,171,214
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$9.91$1.77$8.14$2.99$4.16$1.17
2023Detailed filing. Detailed filing data is available for this year.$9.60$0.56$9.03$3.24$4.85$1.61
2022Detailed filing. Detailed filing data is available for this year.$10.7$0.78$9.89$3.81$3.90$0.09
2021Detailed filing. Detailed filing data is available for this year.$13.4$0.93$12.4$3.98$2.98$1.00
2020Detailed filing. Detailed filing data is available for this year.$12.2$1.04$11.2$3.63$2.59$1.04
2019Detailed filing. Detailed filing data is available for this year.$10.8$1.18$9.64$3.02$2.97$0.04
2018Detailed filing. Detailed filing data is available for this year.$9.12$0.80$8.32$2.88$2.32$0.55
2017Detailed filing. Detailed filing data is available for this year.$8.76$0.18$8.59$2.41$1.74$0.68
2016Detailed filing. Detailed filing data is available for this year.$7.49$0.23$7.26$2.33$1.76$0.57
2015Summary only. Only limited summary data is available for this year.$6.61$0.36$6.25$2.18$1.34$0.85
2014Summary only. Only limited summary data is available for this year.$5.84$0.26$5.58$2.38$1.34$1.04
2013Summary only. Only limited summary data is available for this year.$4.81$0.34$4.46$2.09$1.20$0.89
2012Summary only. Only limited summary data is available for this year.$3.72$0.25$3.47$2.04$1.22$0.82
2011Summary only. Only limited summary data is available for this year.$2.67$0.23$2.44$1.73$1.38$0.34
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 22, 2025
Return Version
2024v5.0
Gross Receipts
$5,452,747
Mission and Program Overview

Mission

To improve the quality of cardiovascular patient care by developing and administering examinations leading to certification of physicians with special knowledge and expertise in echocardiography.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$9,150,020$8,250,602▼ $899,418
Cash and Non-Interest-Bearing Accounts$175,453$1,378,090▲ $1,202,637
Prepaid Expenses and Deferred Charges$126,271$176,561▲ $50,290
Land, Buildings, and Equipment, Net$94,120$49,763▼ $44,357
Total Assets$9,598,364$9,907,516▲ $309,152
Other Assets Total$52,500$52,500→ $0
Liabilities
Deferred Revenue$491,780$1,538,180▲ $1,046,400
Accounts Payable and Accrued Expenses$72,494$233,228▲ $160,734
Total Liabilities$564,274$1,771,408▲ $1,207,134
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$9,034,090$8,136,108▼ $897,982
Total Net Assets Fund Balance$9,034,090$8,136,108▼ $897,982
Total Liabilities and Net Assets / Fund Balance$9,598,364$9,907,516▲ $309,152

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$49,763$132,654$182,417
Compensation and Service Providers
Top Officer Pay13th percentile

Board Members and Trustees

NameTitle
Roberto Lang MdPresident
Allan Klein MdPresident El
Alina Nicoara Md FaseDirector
Arthur Labovitz MdDirector
Jonathan Lindner MdDirector
Linda Shore-lesserson MdDirector
Mario Garcia MdDirector
Neil J Weissman MdDirector
Nikolaos Skubas MdDirector
Stan Shernan MdDirector
Thomas Ryan MdDirector
Wanda Popescu MdDirector
Wyman W Lai MdDirector
Christopher Troianos MdPast Preside
Nova Panebianco Md Mph FacepSecretary/tr

Highest Paid Contractors

ContractorServicesLocationCompensation
Professional Testing INCTesting Service301 E PINE ST SUITE 505, Orlando, FL 32801$295,398
Pearson VueTest Delivery5601 GREEN VALLEY DRIVE, Bloomington, MN 55437$257,158
Association Consulting Group INCSoftware Devel.540 DEVALL DRIVE SUITE 301, Auburn, AL 36832$110,110
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$2,380,601
Investment Income
$600,817
Other Revenue
$4,190
Change in Net Assets
$-1,171,214
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$4,156,822
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management---$1,038,892
Fees for Services Other---$652,715
Conferences and Meetings---$413,960
Advertising---$355,022
All Other Expenses---$275,527
Other Expenses---$116,500
Fees for Services Accounting---$76,808
Information Technology---$45,396
Depreciation Depletion---$44,357
Fees for Service Investment Mgmnt Fees---$43,018
Fees for Services Legal---$33,579
Occupancy---$29,514
Insurance---$15,725
Office Expenses---$7,703
Total Functional Expenses$0$0$0$4,156,822
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Page 6, Part VI, Line 3

“First point management resources”

Form 990, Page 6, Part VI, Line 11B

“The tax return is reviewed by the executive officers.”

Form 990, Page 6, Part VI, Line 19

“Documents are available upon request.”

Filing and Contact Details

Filer

Filer Name
National Board of Echocardiography
EIN
56-2000084
Phone
8479755304
Address
3915 BERYL ROAD SUITE 130, RALEIGH, NC 27607

Signing Officer

Name
Nova Panebianco Md Mph Facep
Title
Secretary/treasurer
Phone
8479755304
Signed
2025-05-22
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Roberto Lang Md
Formed
1998
Legal Domicile
Nc
Voting Board Members
15
Independent Board Members
15
Employees
0

Preparer

Firm
Joyce and Company CPA
Address
104 BRADY CT, CARY, NC 27511
Preparer
Shelton M Ennis CPA
Phone
9194660946
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Consulting fees 0 623,772 0 payroll services 0 28,943 0 total 0 652,715 0”

Raw XML Appendix386 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/InformationTechnologyGrp/TotalAmt045396
IRS990/InsuranceGrp/TotalAmt015725
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IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
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IRS990/MethodOfAccountingAccrualInd0X
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IRS990/MissionDesc0TO IMPROVE THE QUALITY OF CARDIOVASCULAR PATIENT CARE BY DEVELOPING AND ADMINISTERING EXAMINATIONS LEADING TO CERTIFICATION OF PHYSICIANS WITH SPECIAL KNOWLEDGE AND EXPERTISE IN ECHOCARDIOGRAPHY.
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IRS990/NondeductibleContributionsInd0false
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IRS990/OfficeExpensesGrp/TotalAmt07703
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IRS990/OperateHospitalInd0false
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IRS990/OtherAssetsTotalGrp/BOYAmt052500
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IRS990/OtherExpensesGrp/Desc2CRITICAL CARE ECHO EXAM
IRS990/OtherExpensesGrp/Desc3BANK MERCHANTS DISCOUNTS
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IRS990/OtherExpensesGrp/TotalAmt1214053
IRS990/OtherExpensesGrp/TotalAmt2129334
IRS990/OtherExpensesGrp/TotalAmt3116500
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IRS990/PoliticalCampaignActyInd0false
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IRS990/ProgramServiceRevenueGrp/Desc2CCEE FEES
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IRS990/ProgramServiceRevenueGrp/Desc4NBE/ECOSIAC FEES
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IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
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IRS990/ScheduleBRequiredInd0false
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IRS990ScheduleD/EquipmentGrp/DepreciationAmt0132654
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0182417
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IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FIRST POINT MANAGEMENT RESOURCES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE TAX RETURN IS REVIEWED BY THE EXECUTIVE OFFICERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DOCUMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3CONSULTING FEES 0 623,772 0 PAYROLL SERVICES 0 28,943 0 TOTAL 0 652,715 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART IX, LINE 11G
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IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalAssetsEOYAmt09907516
IRS990/TotalAssetsGrp/BOYAmt09598364
IRS990/TotalAssetsGrp/EOYAmt09907516
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IRS990/TotalFunctionalExpensesGrp/TotalAmt04156822
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0564274
IRS990/TotalLiabilitiesEOYAmt01771408
IRS990/TotalLiabilitiesGrp/BOYAmt0564274
IRS990/TotalLiabilitiesGrp/EOYAmt01771408
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt09034090
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IRS990/TotalOthProgramServiceRevGrp/RelatedOrExemptFuncIncomeAmt0200
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt0200
IRS990/TotalProgramServiceRevenueAmt02380601
IRS990/TotalRevenueGrp/ExclusionAmt0264931
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IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02985608
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt09598364
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt09907516
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt015
IRS990/VotingMembersIndependentCnt015
IRS990/WebsiteAddressTxt0WWW.ECHOBOARDS.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0NOVA PANEBIANCO MD MPH FACEP
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0SECRETARY/TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum08479755304
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-05-22
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0NATIONAL BOARD OF ECHOCARDIOGRAPHY
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0INC
ReturnHeader/Filer/BusinessNameControlTxt0NATI
ReturnHeader/Filer/EIN0562000084
ReturnHeader/Filer/PhoneNum08479755304
ReturnHeader/Filer/USAddress/AddressLine1Txt03915 BERYL ROAD SUITE 130
ReturnHeader/Filer/USAddress/CityNm0RALEIGH
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
ReturnHeader/Filer/USAddress/ZIPCd027607
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0562202813
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0JOYCE AND COMPANY CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0104 BRADY CT
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0CARY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd027511
ReturnHeader/PreparerPersonGrp/PhoneNum09194660946
ReturnHeader/PreparerPersonGrp/PreparationDt02025-05-22
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0SHELTON M ENNIS CPA
ReturnHeader/ReturnTs02025-05-22T13:48:22-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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