SOCIETY OF QUALITY ASSURANCEINC

EIN: 521388759 Community Improvement

CHARLOTTESVILLE, VA

Total Revenue
$1,754,758
Total Expenses
$1,739,093
Total Assets
$2,040,002
Net Assets
$1,641,662
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1984
Legal Domicile
VA
Principal Officer
ALISON COCKRELL
Phone
4342974772
Tax Period
2023-01-01 to 2023-12-31

SOCIETY OF QUALITY ASSURANCEINC, founded in 1984, is a community nonprofit in the Community Improvement sector that reported $1.8M in total revenue in fiscal year 2023. Revenue surged 30% from the prior year, signaling strong growth momentum.

Mission

TO PROMOTE AND ADVANCE THE ETHICS, PRINCIPLES, AND KNOWLEDGE OF QUALITY ASSURANCE ESSENTIAL TO HUMAN, ANIMAL, AND ENVIRONMENTAL HEALTH.

Program Service Accomplishments

Program 1
Expenses: $932,670 Revenue: $770,667

THE SOCIETY GENERALLY HOLDS AN ANNUAL MEETING FOR MEMBERS AND OTHERS IN THE PROFESSION TO EXCHANGE IDEAS AND EXHIBIT PRODUCTS FOR THE PURPOSE OF DISCUSSION AND FOR ENHANCING KNOWLEDGE IN RESEARCH...

Read more

THE SOCIETY GENERALLY HOLDS AN ANNUAL MEETING FOR MEMBERS AND OTHERS IN THE PROFESSION TO EXCHANGE IDEAS AND EXHIBIT PRODUCTS FOR THE PURPOSE OF DISCUSSION AND FOR ENHANCING KNOWLEDGE IN RESEARCH QUALITY ASSURANCE. THIS MEETING INCLUDES PRECONFERENCE AND POST CONFERENCE TRAINING PROGRAMS TO FACILITATE THE ACQUISITION, DISSEMINATION AND UTILIZATION OF KNOWLEDGE IN RESEARCH QUALITY ASSURANCE. IN 2023, THIS MEETING WAS HELD IN NATIONAL HARBOR, MARYLAND. PARTICIPATION INCLUDED 772 PERSONS FROM 31 COUNTRIES. THE SOCIETY ALSO HELD A VIRTUAL TRAINING PROGRAM IN SEPTEMBER TO EDUCATE MEMBERS ABOUT VARIOUS AREAS OF RESEARCH QUALITY ASSURANCE. SQA TRAININGS PROVIDE A FORUM FOR THE DISCUSSION AND EXCHANGE OF IDEAS BY FACILITATING THE ACQUISITION AND UTILIZATION OF KNOWLEDGE IN RESEARCH QUALITY ASSURANCE.

Program 2
Expenses: $493,790 Revenue: $514,011

THE SOCIETY PUBLISHES A NEWSLETTER EVERY OTHER MONTH THROUGH WHICH MEMBERS MAY EXCHANGE IDEAS, KNOWLEDGE, SERVICES, AND PRODUCTS. THE SOCIETY HOSTS LISTSERVS TO SUPPORT COMMUNICATION AMONG THE...

Read more

THE SOCIETY PUBLISHES A NEWSLETTER EVERY OTHER MONTH THROUGH WHICH MEMBERS MAY EXCHANGE IDEAS, KNOWLEDGE, SERVICES, AND PRODUCTS. THE SOCIETY HOSTS LISTSERVS TO SUPPORT COMMUNICATION AMONG THE SOCIETY'S MEMBERS AROUND THE WORLD. THE SOCIETY HAS DEVELOPED AND MAINTAINS A PROFESSIONAL REGISTRATION PROGRAM, WHICH HAS ESTABLISHED A STANDARD OF BASIC COMPETENCY IN THE KNOWLEDGE OF THE REGULATIONS THAT DRIVE ITS PROFESSIONAL MEMBERS. IN 2023, THE SOCIETY HAD 2,444 MEMBERS FROM APPROXIMATELY 61 COUNTRIES.

Program 3
Expenses: $96,483

THE SOCIETY IS AFFILIATED WITH EIGHT DOMESTIC CHAPTERS AND THREE NON-U.S. CHAPTERS (CANADA, INDIA, AND NIGERIA) AND PROVIDES ADMINISTRATION AND WEBSITE SERVICES TO THOSE CHAPTERS AND THEIR MEMBERS.

🔒

Trantor Score

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

Sign in to view Trantor Score and financial metrics

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

Sign In — Free (10 views/day)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $111,000
Program Service Revenue $1,284,998
Investment Income $346,209
Other Revenue $12,551
TOTAL REVENUE $1,754,758

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $1,598,011
Other Expenses $1,739,093
TOTAL EXPENSES $1,739,093

Year-over-Year Comparison

2023 2022 Change
Revenue $1,754,758 $1,347,300 +0.3%
Expenses $1,739,093 $1,599,170 +0.1%
Net Income $15,665 $-251,870 -1.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
🔒

Financial Health Indicators

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

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Sign In

Governance

Voting Members
13
Independent Members
13
Employees
N/A
Volunteers
185

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
6
$0
Total Directors
13
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHERYL MCCARTHY PRESIDENT 2.00
Officer Director
$0 $0 $0
JOSEPH FRANCHETTI VICE PRESIDE 2.00
Officer Director
$0 $0 $0
MICHELLE HOLBROOK PAST PRESIDE 2.00
Officer Director
$0 $0 $0
TRACY HENTHORN SECRETARY 2.00
Officer Director
$0 $0 $0
MARYELLEN LANDER TREASURER 2.00
Officer Director
$0 $0 $0
JACQUELINE BUSHONG DIRECTOR 1.00
Director
$0 $0 $0
SHERRY DAWSON DIRECTOR 1.00
Director
$0 $0 $0
STEVE DRZICK DIRECTOR 1.00
Director
$0 $0 $0
KIMBERLY FRAZIER DIRECTOR 1.00
Director
$0 $0 $0
HECTOR GAMBOA DIRECTOR 1.00
Director
$0 $0 $0
MELANIE WILLIS DIRECTOR 1.00
Director
$0 $0 $0
LORI WHITE DIRECTOR 1.00
Director
$0 $0 $0
KARREL JOSEPH DIRECTOR 1.00
Director
$0 $0 $0
ALISON COCKRELL EXECUTIVE DI 15.00
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 No data No data No data No data
2023 $1,754,758 $1,739,093 $2,040,002 $15,665
2022 $1,347,300 $1,599,170 $1,872,855 $-251,870
2021 $1,301,617 $958,303 $2,630,058 $343,314
2020 $858,833 $862,010 $2,409,986 $-3,177
2019 $1,351,369 $1,402,562 $2,086,363 $-51,193
2018 $1,390,170 $1,289,248 $1,764,900 $100,922
Explore More Nonprofits
Top 100 Nonprofits in Virginia Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare SOCIETY OF QUALITY ASSURANCEINC with other nonprofits in Virginia and across the country.