INTERNATIONAL SOCIETY OF CERTIFIED… - Form 990 Financial Data

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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

1981

Legal Domicile

Principal Officer

TERENCE S DAVIDSON

Phone

2627868771

Tax Period

2023-01-01 to 2023-12-31

INTERNATIONAL SOCIETY OF CERTIFIED EMPLOYEE BENEFIT SPECIALISTS, founded in 1981, is a community nonprofit that reported $1.2M in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $1.3M exceeded revenue, resulting in a 12% operating deficit.

Mission

TO PROVIDE CONTINUING EDUCATION AND PEER EXPERIENCE SHARING OPPORTUNITIES THROUGH AN ONLINE COMMUNITY, EDUCATIONAL PROGRAMS, INFORMATION RESOURCES AND PUBLICATIONS TO INDIVIDUALS INTERESTED IN EARNING OR MAINTAINING THE CEBS, GBA AND RPA DESIGNATIONS.

Program Service Accomplishments

Program 1

Expenses: $460,021 Revenue: $497,296

TO ORGANIZE AND HOST A 2 1/2 DAY ANNUAL SYMPOSIUM THAT FEATURES CUTTING-EDGE ISSUES PRESENTED BY EXPERTS IN THE BENEFITS INDUSTRY. THE ANNUAL SYMPOSIUM ALSO PROVIDES INDIVIDUALS WITH THE OPPORTUNITY FOR EARNING CREDIT TOWARDS LICENSING/CONTINUING EDUCATION REQUIREMENTS FOR INSURANCE PROFESSIONALS, ACCOUNTANTS, ATTORNEYS, AND OTHER PROFESSIONALS.

Program 2

Expenses: $205,858 Revenue: $626,300

TO PROVIDE AN ONLINE RESEARCH DATABASE AND INTERACTIVE COMMUNITY, WEBCASTS, NEWSBRIEFS, SURVEYS, E-LEARNING COURSES, AND MEMBERSHIP DIRECTORIES.

Program 3

Expenses: $33,219 Revenue: $18,109

TO PUBLISH A HIGHLY RESPECTED AND COMPREHENSIVE QUARTERLY JOURNAL THAT OFFERS THE LATEST TRENDS AND INNOVATIONS IN BENEFITS AND COMPENSATION.

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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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,148,515

Investment Income $38,846

Other Revenue $0

TOTAL REVENUE $1,187,361

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $702,254

Other Expenses $1,325,664

TOTAL EXPENSES $1,325,664

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,187,361	$1,076,206	+0.1%
Expenses	$1,325,664	$1,236,836	+0.1%
Net Income	$-138,303	$-160,630	-0.1%

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

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

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

$669,396

Total Directors

$25,189

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHELLE M ORAM CEBS	CHAIR	1.00	Officer Director	$0	$0	$0
JOHN ESHLEMAN CEBS	VICE CHAIR	1.00	Officer Director	$0	$0	$0
MARY K AMEND	DIRECTOR	1.00	Director	$0	$0	$0
RYAN SIEMERS	PAST-PRESIDENT	1.00	Officer Director	$0	$0	$0
SEAN P MADIX	DIRECTOR	1.00	Director	$0	$0	$10,500
DONALD D CROSATTO	DIRECTOR	1.00	Director	$0	$0	$0
TODD G HELFRICH	DIRECTOR	1.00	Director	$0	$0	$0
KRISTINA M GUASTAFERRI	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN E TIGHE	DIRECTOR	1.00	Director	$0	$0	$6,728
WENDELL YOUNG IV	DIRECTOR	1.00	Director	$0	$0	$1,328
JILL MONGELLUZZO	DIRECTOR	1.00	Director	$0	$0	$0
RUBEN NAVARRO	DIRECTOR	1.00	Director	$0	$0	$6,633
KIRBY WATSON	DIRECTOR	1.00	Director	$0	$0	$0
TERENCE S DAVIDSON	CHIEF EXECUTIVE OFFICER	2.00	Officer	$0	$140,560	$669,396
CAREY WOOTEN CEBS	DIRECTOR	1.00		$0	$59,856	$216,073

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	$1,187,361	$1,325,664	$1,728,807	$-138,303
2022	$1,076,206	$1,236,836	$1,781,011	$-160,630
2021	$918,795	$961,577	$2,158,709	$-42,782
2020	$1,043,950	$945,640	$2,175,837	$98,310
2019	$1,644,761	$1,705,867	$1,998,510	$-61,106
2018	$1,575,230	$1,631,063	$1,870,419	$-55,833

INTERNATIONAL SOCIETY OF CERTIFIED EMPLOYEE BENEFIT SPECIALISTS