International Association for Cont… - 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

1977

Legal Domicile

Principal Officer

Randall Bowman

Tax Period

2023-01-01 to 2023-12-31

International Association for Continuing Education, founded in 1977, is a community nonprofit in the Education sector that reported $1.4M in total revenue in fiscal year 2023. Revenue decreased 9% compared to the prior year. Expenses of $1.6M exceeded revenue, resulting in a 14% operating deficit.

Mission

To improve the quality of continuing education and training worldwide through accreditation.

Program Service Accomplishments

Program 1

Expenses: $1,260,690 Revenue: $1,422,238

Accreditation and commission: Process of reviewing companies across a variety of industries to confirm the applying company is committed to best practices in adult learning and professional training by successfully mastering IACETs rigorous accreditation process according to the ANSI/AICET 1-2018 Standard. Meetings & Workshops: Accreditation workshops occur several times per year and assist organizations in preparing for the application process. The open digital badge experience course is designed to be the best single learning opportunity to fill the badging knowledge niche in an adult learning organization. The instructional design and facilitation for adult learning seminar provides a succinct and powerful two day training program that will provide educators and trainers the ability to immediately improve education, enhance adult training techniques and produce a return on investment. Additionally, IACETs annual conference centered around continuing education is a way for accredited providers to remain updated on the newest training concepts for better instructions.

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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 $1,422,238

Investment Income $15,691

Other Revenue $0

TOTAL REVENUE $1,437,929

Expense Breakdown

Grants Paid $0

Salaries & Benefits $645,170

Fundraising Expenses $0

Program Expenses $1,260,690

Other Expenses $998,365

TOTAL EXPENSES $1,643,535

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,437,929	$1,582,191	-0.1%
Expenses	$1,643,535	$2,170,818	-0.2%
Net Income	$-205,606	$-588,627	-0.7%

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

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

$116,775

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Randall Bowman	CEO	40.00	Officer	$116,775	$0	$116,775
Cassandra Blassingame	Former CEO	40.00		$9,524	$0	$9,524
David Kamen	Director	1.00	Director	$0	$0	$0
Daryl Lim	Director	1.00	Director	$0	$0	$0
Maria Diaz	Director	1.00	Director	$0	$0	$0
Sandheep Menon	Director	1.00	Director	$0	$0	$0
Steven Villaneuva	Director	1.00	Director	$0	$0	$0
Amy Brock	Director	1.00	Director	$0	$0	$0
Kelly Morin	Director	1.00	Director	$0	$0	$0
Leigha Jansen	Director	1.00	Director	$0	$0	$0
David Ehrlich	Director	1.00	Director	$0	$0	$0
David Ortner	Director	1.00	Director	$0	$0	$0
Kristopher Neubauer	Chairperson	1.00	Officer Director	$0	$0	$0
Paula Horowitz	Secretary	1.00	Officer Director	$0	$0	$0
Laura Fox	Treasurer	1.00	Officer Director	$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	$1,437,929	$1,643,535	$783,245	$-205,606
2022	$1,582,191	$2,170,818	$833,514	$-588,627
2021	$370,833	$561,286	$1,889,920	$-190,453
2021	$1,426,462	$1,618,779	$1,985,837	$-192,317
2020	$1,249,921	$1,302,563	$1,764,867	$-52,642
2019	$1,523,659	$1,263,375	$1,743,755	$260,284
2018	$1,152,024	$1,166,570	$1,543,705	$-14,546

International Association for Continuing Education