INTERNATIONAL ACCREDITATION FORUM … - 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

1998

Legal Domicile

Principal Officer

WARREN MERKEL

Phone

5715691242

Tax Period

2024-01-01 to 2024-12-31

INTERNATIONAL ACCREDITATION FORUM INC, founded in 1998, is a small nonprofit in the Human Services sector that reported $558K in total revenue in fiscal year 2024. Revenue decreased 10% compared to the prior year. Expenses of $906K exceeded revenue, resulting in a 63% operating deficit.

Mission

HARMONIZE ISO ACCREDITATION ACTIVITIES

Program Service Accomplishments

Program 1

Expenses: $857,799 Revenue: $-39,593

THE INTERNATIONAL ACCREDITATION FORUM, INC WAS FORMED TO HARMONIZE ISO ACCREDITATION ACTIVITIES WORLDWIDE

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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 (2024)

Revenue Breakdown

Contributions & Grants $588,377

Program Service Revenue $-39,593

Investment Income $8,858

Other Revenue $0

TOTAL REVENUE $557,642

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $857,799

Other Expenses $906,197

TOTAL EXPENSES $906,197

Year-over-Year Comparison

	2024	2023	Change
Revenue	$557,642	$618,477	-0.1%
Expenses	$906,197	$751,245	+0.2%
Net Income	$-348,555	$-132,768	+1.6%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
EMANUELE RIVA	CHAIR	2.00	Officer Director	$0	$0	$0
LORI GILLESPIE	VICE-CHAIR	2.00	Officer Director	$0	$0	$0
WARREN MERKEL	TREASURER	2.00	Officer Director	$0	$0	$0
PEDRO ALVES	DIRECTOR	2.00	Director	$0	$0	$0
RAJESH MAHESHWARI	DIRECTOR	2.00	Director	$0	$0	$0
WOLFRAM HARTMANN	DIRECTOR	2.00	Director	$0	$0	$0
MRUTUNJAY JENA	DIRECTOR	2.00	Director	$0	$0	$0
RICK PARSONS	CFO	2.00	Officer	$0	$0	$0
VICTOR GANDY	SECRETARY	40.00	Officer	$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	$557,642	$906,197	$800,688	$-348,555
2023	$618,477	$751,245	$976,833	$-132,768
2022	$592,299	$610,708	$1,142,648	$-18,409
2021	$575,529	$534,487	$1,279,424	$41,042
2020	$532,318	$487,065	$1,227,444	$45,253
2019	$749,154	$540,788	$1,167,558	$208,366
2018	$1,211,042	$1,222,525	$994,488	$-11,483

INTERNATIONAL ACCREDITATION FORUM INC