NATIONAL BOARD OF CHIROPRACTIC EXAMINERS (EIN 746069951) - Form 990 Financial Analysis & Trantor Score

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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

1963

Legal Domicile

Principal Officer

NORMAN E OUZTS JR DC

Phone

9703569100

Tax Period

2023-01-01 to 2023-12-31

NATIONAL BOARD OF CHIROPRACTIC EXAMINERS, founded in 1963, is a mid-sized nonprofit that reported $16.8M in total revenue in fiscal year 2023. Expenses of $15.2M left a modest 10% surplus.

Mission

PREPARATION AND ADMINISTRATION OF NATIONAL LICENSURE EXAMINATIONS FOR THE CHIROPRACTIC PROFESSION.

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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 $15,374,142

Investment Income $1,448,710

Other Revenue $-17,374

TOTAL REVENUE $16,805,478

Expense Breakdown

Grants Paid $1,236,505

Salaries & Benefits $5,378,716

Fundraising Expenses $0

Other Expenses $8,564,948

TOTAL EXPENSES $15,180,169

Year-over-Year Comparison

	2023	2022	Change
Revenue	$16,805,478	$16,182,594	+0.0%
Expenses	$15,180,169	$13,242,403	+0.1%
Net Income	$1,625,309	$2,940,191	-0.4%

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

N/A

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

$815,393

Total Directors

$415,427

Key Employees

$404,794

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KARLOS BOGHOSIAN DC	PRESIDENT	13.00	Officer Director	$60,333	$0	$60,333
JAMES BUCHANAN DC	DIRECTOR	5.00	Director	$28,233	$0	$28,233
KAREN CAMPION BROWN DC	DIRECTOR	3.00	Director	$19,355	$0	$19,355
ROBERT DASCHNER DC	DIRECTOR	4.00	Director	$23,833	$0	$23,833
GARY DIBENEDETTO DC	DIRECTOR	6.00	Director	$32,128	$0	$32,128
MARGARET FREIHAUT DC	TREASURER	13.00	Officer Director	$66,105	$0	$66,105
DANITA HEAGY DC	DIRECTOR	5.00	Director	$31,400	$0	$31,400
JASON JAEGER DC	VICE PRESIDENT	5.00	Officer Director	$27,033	$0	$27,033
DONNA MANNELLO DC	DIRECTOR (THRU 5/23)	3.00	Director	$16,800	$0	$16,800
LEROY OTTO DC	SECRETARY	9.00	Officer Director	$49,906	$0	$49,906
STEVEN ROBERTS JD	DIRECTOR	5.00	Director	$26,233	$0	$26,233
CAROL WINKLER DC	DIRECTOR	6.00	Director	$34,068	$0	$34,068
NORMAN E OUZTS JR	CHIEF EXECUTIVE OFFICER	40.00	Officer	$343,390	$36,494	$379,884
MELISSA J STOCKBERGER	CHIEF FINANCIAL OFFICER	40.00	Officer	$203,232	$28,900	$232,132
BRUCE L SHOTTS	VP OF TESTING	40.00	Key Emp	$187,058	$22,883	$209,941
TAMARA A STERLING	VP OF ADMINISTRATION	40.00	Key Emp	$168,129	$26,724	$194,853
IGOR G HIMELFARB	DIRECTOR OF PSYCHOMETRICS	40.00	Highest	$184,475	$22,598	$207,073
ANDREW R GOW	PRACTICAL TESTING MANAGER	40.00	Highest	$163,065	$21,650	$184,715
JESSE R LOPEZ	IT MANAGER	40.00	Highest	$146,602	$28,741	$175,343
MICHELE K FISHER	TEST PRODUCTION MANAGER	40.00	Highest	$135,779	$19,769	$155,548
GREG L CRAWFORD	COMPUTER BASED TESTING MANAGER	40.00	Highest	$129,278	$24,689	$153,967

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	$16,805,478	$15,180,169	$49,730,199	$1,625,309
2022	$16,182,594	$13,242,403	$44,850,135	$2,940,191
2021	$16,093,175	$12,352,430	$44,950,724	$3,740,745
2020	$12,666,366	$11,748,473	$40,154,609	$917,893
2019	$14,071,427	$13,117,312	$37,185,168	$954,115
2018	$12,671,218	$10,912,211	$34,955,213	$1,759,007

NATIONAL BOARD OF CHIROPRACTIC EXAMINERS