INTERNATIONAL ACCREDITATION SERVICE INC

EIN: 043649274 Community Improvement

COUNTRY CLUB HILLS, IL

Total Revenue
$17,128,298
Total Expenses
$10,673,194
Total Assets
$39,303,946
Net Assets
$36,438,109
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Financial Trends

Organization Details

Formation Year
2002
Legal Domicile
CA
Principal Officer
RAJ N NATHAN
Phone
8884227233
Tax Period
2023-01-01 to 2023-12-31

INTERNATIONAL ACCREDITATION SERVICE INC, founded in 2002, is a mid-sized nonprofit in the Community Improvement sector that reported $17.1M in total revenue in fiscal year 2023. Revenue grew 18% year-over-year, indicating healthy expansion. The organization ran a surplus of $6.5M, a strong 38% operating margin.

Mission

DESCRIPTION OF ORGANIZATION MISSION: TO ASSIST REGULATORS IN PROVIDING FOR THE PUBLIC WELFARE AND SAFETY, THE FUNDAMENTAL GOALS OF IAS ARE TO: -IMPROVE THE QUALITY OF INSPECTION BODIES AND THE SERVICES THEY PROVIDE. -IMPROVE THE QUALITY OF TESTING AND CALIBRATION LABORATORIES. -PROMOTE THE USE OF ACCREDITED FABRICATOR INSPECTION PROGRAMS BY REGULATORS AND THE PRIVATE SECTOR. -FACILITATE DOMESTIC AND INTERNATIONAL TRADE BY ACCREDITING COMPETENT CONFORMITY ASSESSMENT ORGANIZATIONS.

Program Service Accomplishments

Program 1
Expenses: $9,247,801 Revenue: $15,617,784

STATEMENT OF PROGRAM SERVICE ACCOMPLISHMENTS: IAS PROVIDES A WIDE RANGE OF ACCREDITATION PROGRAM SERVICES, INCLUDING ACCREDITATION OF CONFORMITY ASSESSMENT BODIES, SUCH AS: -TESTING AND CALIBRATION...

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STATEMENT OF PROGRAM SERVICE ACCOMPLISHMENTS: IAS PROVIDES A WIDE RANGE OF ACCREDITATION PROGRAM SERVICES, INCLUDING ACCREDITATION OF CONFORMITY ASSESSMENT BODIES, SUCH AS: -TESTING AND CALIBRATION LABORATORIES -INSPECTION AGENCIES -FABRICATIOR INSPECTION OF STRUCTURAL STEEL AND CONCRETE FABRICATORS -BUILDING AND FIRE PREVENTION DEPARTMENTS -SPECIAL INSPECTION AGENCIES -PRODUCT AND PERSONNEL CERTIFICATION BODIES -TRAINING AGENCIES -METAL BUILDING MANUFACTURERS INSPECTION -FIELD EVALUATION BODIES -MANAGEMENT SYSTEM CERTIFICATION BODIES -MEDICAL LABORATORIES -FOOD SAFETY MANAGEMENT SYSTEMS -REFERENCE MATERIAL PRODUCER -PROFICIENCY TESTING PROVIDER -VALIDATION AND VERIFICATION BODIES IAS ACCREDITS CONFORMITY ASSESSMENT BODIES IRRESPECTIVE OF THE ECONOMIC SECTOR THEY REPRESENT OR THE SCOPE OF SERVICES INVOLVED. ADVANTAGES OF IAS ACCREDITATION: COMPLETE CONFIDENCE: IAS ACCREDITATION TO INTERNATIONALLY ACCEPTED STANDARDS PROVIDES COMPLETE CONFIDENCE IN THE QUALITY OF SERVICES PROVIDED TO CONFORMITY ASSESSMENT BODIES. TRANSPARENCY: IAS ACCREDITATION IS INDEPENDENT AND OBJECTIVE, AND IS BASED ON A COMPLETELY TRANSPARENT ACCREDITATION PROCESS, THEREBY INSTILLING CONFIDENCE IN THE ACCREDITATION RESULTS. COMPETENCE: IAS ACCREDITATION PROVIDES EVIDENCE THAT CONFORMITY ASSESSMENT BODIES RENDER COMPETENT AND CONSISTENT SERVICE IN LINE WITH INTERNATIONAL STANDARDS. OUTSTANDING QUALITY OF ASSESSMENTS: IAS PLACES CRITICAL IMPORTANCE ON THE TRAINING OF ITS ASSESSORS. THIS LEADS TO HIGH LEVELS OF ASSESSOR COMPETENCY AND ENHANCED TECHNICAL EXPERTISE. ENHANCED KNOWLEDGE BASE: WITH ITS EXCELLENT KNOWLEDGE BASE AND TEAM OF TECHNICAL EXPERTS, IAS HELPS TO IMPROVE THE QUALITY OF ACCREDITED CONFORMITY ASSESSMENT BODIES.

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $15,617,784
Investment Income $1,510,514
Other Revenue $0
TOTAL REVENUE $17,128,298

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,510,465
Fundraising Expenses $0
Program Expenses $9,247,801
Other Expenses $8,162,729
TOTAL EXPENSES $10,673,194

Year-over-Year Comparison

2023 2022 Change
Revenue $17,128,298 $14,480,659 +0.2%
Expenses $10,673,194 $9,068,605 +0.2%
Net Income $6,455,104 $5,412,054 +0.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
7
Independent Members
7
Employees
N/A
Volunteers
77

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$2,813,601
Total Directors
7
$0
Key Employees
1
$257,449
Highest Compensated
4
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DOMINIC SIMS CEO 3.0
Officer
$0 $148,007 $1,344,655
JOHN BELCIK COO/CFO 3.0
Officer
$0 $279,944 $970,877
RAJ N NATHAN PRESIDENT, IAS 40.0
Officer
$404,566 $93,503 $498,069
MELIKE ONCU GENERAL COUNSEL (THRU 10/23) 1.5
Key Emp
$0 $32,730 $257,449
GEORGE ANASTASOPOULOS VP, GLOBAL DEVLOP. & COMP. 40.0
Highest
$164,587 $38,207 $202,794
MOHAN SABARATNAM VP, GLOBAL DEV & QUALITY 40.0
Highest
$166,578 $35,216 $201,794
GREGORY G WEST DIR. CUSTOMER SUCC.GROUP 40.0
Highest
$139,003 $42,283 $181,286
SANDRA MCCRACKEN DIR. CONSTR & INDUSTR REL. 40.0
Highest
$143,717 $19,327 $163,044
SAM PALMER CHAIR 1.0
Officer Director
$0 $0 $0
MO BAYAT DIRECTOR 1.0
Director
$0 $0 $0
JEFF GUST DIRECTOR 1.0
Director
$0 $0 $0
UDO LAMPE DIRECTOR 1.0
Director
$0 $0 $0
JIM BROWN DIRECTOR (THRU 12/23) 1.0
Director
$0 $0 $0
BORJEN YEH DIRECTOR 1.0
Director
$0 $0 $0
SERGIO ASCUNCE DIRECTOR (THRU 12/23) 1.0
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $17,128,298 $10,673,194 $39,303,946 $6,455,104
2022 $14,480,659 $9,068,605 $32,207,045 $5,412,054
2021 $13,023,651 $7,405,493 $30,369,423 $5,618,158
2020 $11,011,645 $6,735,872 $23,864,222 $4,275,773
2019 $11,368,906 $7,958,190 $18,486,821 $3,410,716
2018 $10,136,075 $6,903,301 $14,156,865 $3,232,774
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