CERTIFIED AUDIT OF CIRCULATIONS INC

EIN: 132528190

ARLINGTON HEIGHTS, IL

Total Revenue
$596,266
Total Expenses
$2,382,007
Total Assets
N/A
Net Assets
N/A
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
1956
Legal Domicile
NJ
Principal Officer
THOMAS DROUILLARD
Phone
2243666591
Tax Period
2017-09-01 to 2018-05-16

CERTIFIED AUDIT OF CIRCULATIONS INC, founded in 1956, is a small nonprofit that reported $596K in total revenue in fiscal year 2017. Revenue fell 39% from the prior year — a significant decline worth monitoring. Expenses of $2.4M exceeded revenue, resulting in a 299% operating deficit.

Mission

CERTIFIED AUDIT CIRCULATIONS, INC'S PURPOSE IS TO AUDIT CIRCULATION REPORTING FOR THE BENEFIT OF THE ADVERTISING COMMUNITY.

Program Service Accomplishments

Program 1

AUDIT SERVICES REVENUE REFLECTS CHARGES FOR AUDIT SERVICES TO PUBLISHER AND MEDIA MEMBERS WHICH ENABLE CAC TO AUDIT A PUBLICATION OR MEDIA MEMBER AND, THEREFORE, FULFILL ITS EXEMPT PURPOSE.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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

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Financial Overview (2017)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $470,641
Investment Income $62,910
Other Revenue $62,715
TOTAL REVENUE $596,266

Expense Breakdown

Grants Paid $0
Salaries & Benefits $415,769
Fundraising Expenses $0
Other Expenses $1,966,238
TOTAL EXPENSES $2,382,007

Year-over-Year Comparison

2017 2016 Change
Revenue $596,266 $984,479 -0.4%
Expenses $2,382,007 $827,785 +1.9%
Net Income $-1,785,741 $156,694 -12.4%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
7
Independent Members
7
Employees
8
Volunteers
N/A

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
$742,947
Total Directors
8
$742,947
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BARRY SCHIRO SECRETARY 2.00
Officer Director
$0 $0 $0
MARSHA LAWRENCE DIRECTOR 2.00
Director
$0 $0 $0
KATHY HEATLEY BOARD CHAIR 2.00
Officer Director
$0 $0 $0
STEVEN K POPE TREASURER 2.00
Officer Director
$0 $0 $0
DAN BRILEY DIRECTOR 2.00
Director
$0 $0 $0
AL CUPO DIRECTOR 2.00
Director
$0 $0 $0
STEPHEN BARRETT DIRECTOR 2.00
Director
$0 $0 $0
THOMAS DROUILLARD PRESIDENT, CEO & MD 1.00
Officer Director
$0 $35,743 $742,947
DEBBIE MARAGOUDAKIS DIRECTOR OF AUDITING 40.00
Highest
$111,049 $12,078 $123,127
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
2018 $596,266 $2,382,007 No data $-1,785,741
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