INTERSOCIETAL ACCREDITATION COMMIS… - 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

1996

Legal Domicile

Principal Officer

MARY LALLY

Phone

8008382110

Tax Period

2023-01-01 to 2023-12-31

INTERSOCIETAL ACCREDITATION COMMISSION, founded in 1996, is a mid-sized nonprofit in the Community Improvement sector that reported $10.0M in total revenue in fiscal year 2023. Expenses of $12.2M exceeded revenue, resulting in a 21% operating deficit.

Mission

THE INTERSOCIETAL ACCREDITATION COMMISSION (IAC) PROGRAMS ARE DEDICATED TO ENSURING QUALITY PATIENT CARE AND PROMOTING HEALTH CARE AND ARE ALL DEDICATED TO ONE MISSION: IMPROVING HEALTH CARE THROUGH ACCREDITATION.

Program Service Accomplishments

Program 1

Expenses: $8,390,901 Revenue: $10,194,946

EVALUATES AND ACCREDITS DIAGNOSTIC IMAGING AND IMAGE GUIDEDTREATMENT FACILITIES, THUS IMPROVING THE QUALITY OF PATIENT CAREPROVIDED IN PRIVATE OFFICES, CLINICS AND HOSPITALS WHERE SUCHMEDICAL TESTS...

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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 $9,810,570

Investment Income $-146,930

Other Revenue $385,120

TOTAL REVENUE $10,048,760

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,764,373

Fundraising Expenses $0

Program Expenses $8,390,901

Other Expenses $6,407,574

TOTAL EXPENSES $12,171,947

Year-over-Year Comparison

	2023	2022	Change
Revenue	$10,048,760	$10,525,276	0.0%
Expenses	$12,171,947	$10,518,320	+0.2%
Net Income	$-2,123,187	$6,956	-306.2%

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

Volunteers

139

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

$663,465

Total Directors

$178,570

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CRAIG BEAVERS PHARMD FAHA AACC	BOARD MEMBER	1.00	Director	$10,000	$0	$10,000
MERRI L BREMER EDD RN ACS RDCS	CHAIRPERSON	1.00	Officer Director	$16,610	$0	$16,610
DENISE CASE MSLM RT	BOARD MEMBER	1.00	Director	$10,000	$0	$10,000
KEVIN COCKROFT MD MSC	BOARD MEMBER	1.00	Director	$10,000	$0	$10,000
MYLAN COHEN MD MPH FACC MASNC	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVID CONLEY MD	BOARD MEMBER	1.00	Director	$10,000	$0	$10,000
ROSEMARY GIBSON	PUBLIC MEMBER	1.00	Director	$10,000	$0	$10,000
HEATHER GORNIK MD RVT RPVI	BOARD MEMBER	1.00	Director	$0	$0	$0
SCOTT JEROME DO FACC FASNC FSCCT	TREASURER	1.00	Officer Director	$10,035	$0	$10,035
DEEPAK NAIR MD FACS MS MHA RVT	SECRETARY	1.00	Officer Director	$10,000	$0	$10,000
KATHLEEN OZSVATH MD FACS	BOARD MEMBER	1.00	Director	$10,000	$0	$10,000
ALEXANDRA PAGE MD	CHAIR ELECT	1.00	Officer Director	$10,000	$0	$10,000
TATJANA RUNDEK MD PHD	BOARD MEMBER	1.00	Director	$10,000	$0	$10,000
DAVID SACKS MD	IMMEDIATE PAST CHAIR	1.00	Officer Director	$10,000	$0	$10,000
WALID SALIBA MD FHRS	BOARD MEMBER	1.00	Director	$10,000	$0	$10,000
GERALD SERWER MD FHRS FACC FAAP	BOARD MEMBER	1.00	Director	$10,000	$0	$10,000
MLADEN VIDOVICH MD FACC FSCAI	BOARD MEMBER	1.00	Director	$10,000	$0	$10,000
PAMELA BURGESS ACS BS RDMS RDCS	BOARD MEMBER	1.00	Director	$11,925	$0	$11,925
SAURABH MALHOTRA MD MPH FACC FASN	BOARD MEMBER	1.00	Director	$10,000	$0	$10,000
MARY LALLY	CEO	40.00	Officer	$573,077	$33,743	$606,820
MARY BETH FARRELL	DIRECTOR OF RESEARCH	40.00	Highest	$145,031	$15,460	$160,491
KENNETH KIRBY	CHIEF INFORMATION OFFICER	40.00	Highest	$181,578	$20,076	$201,654
BONNIE PAUZA-MILLER	CHIEF ADMINISTRATION/FINAN	40.00	Highest	$170,453	$16,992	$187,445
ALGIS SKUDZINSKAS	CHIEF OPERATING OFFICER	40.00		$202,301	$23,209	$225,510
FRANK VERMEIREN	DIRECTOR OF STRATEGIC BUSI	40.00	Highest	$154,600	$17,332	$171,932

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	$10,048,760	$12,171,947	$26,553,624	$-2,123,187
2022	$10,525,276	$10,518,320	$25,549,864	$6,956
2021	$12,374,113	$10,289,926	$28,295,672	$2,084,187
2020	$12,461,014	$10,250,846	$25,164,705	$2,210,168
2019	$10,938,177	$9,624,902	$22,159,975	$1,313,275
2018	$11,411,394	$9,794,933	$19,393,824	$1,616,461

INTERSOCIETAL ACCREDITATION COMMISSION