INTERNATIONAL COUNCIL ADVANCING INDEPENDENT SCHOOL ACCREDITATION

EIN: 824673704 501(c)(3)

DEDHAM, MA

Total Revenue
$304,785
Total Expenses
$277,324
Total Assets
$246,415
Net Assets
$222,860
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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
2018
Legal Domicile
VA
Principal Officer
BONNIE RICCI
Phone
7816643216
Tax Period
2024-07-01 to 2025-06-30

INTERNATIONAL COUNCIL ADVANCING INDEPENDENT SCHOOL ACCREDITATION, founded in 2018, is a small nonprofit that reported $305K in total revenue in fiscal year 2024. Revenue surged 26% from the prior year, signaling strong growth momentum. Expenses of $277K left a modest 9% surplus.

Mission

ICAISA IS THE INTERNATIONAL LEADER IN INDEPENDENT SCHOOL ACCREDITATION. BY WORKING DIRECTLY WITH ACCREDITING ASSOCIATIONS, ICAISA ADVANCES EXCELLENCE AND UPHOLDS STANDARDS IN ORDER TO ENSURE QUALITY AND ACCOUNTABILITY IN INDEPENDENT SCHOOLS ACROSS THE GLOBE.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $295,255
Investment Income $7,811
Other Revenue $1,719
TOTAL REVENUE $304,785

Expense Breakdown

Grants Paid $0
Salaries & Benefits $184,284
Fundraising Expenses $0
Program Expenses $189,192
Other Expenses $93,040
TOTAL EXPENSES $277,324

Year-over-Year Comparison

2024 2023 Change
Revenue $304,785 $242,032 +0.3%
Expenses $277,324 $251,294 +0.1%
Net Income $27,461 $-9,262 -4.0%
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

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Governance

Voting Members
10
Independent Members
10
Employees
1
Volunteers
10

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
13
$162,983
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SCOTT GRIGGS CHAIRMAN 1.00
Officer Director
$0 $0 $0
JANE LARSSON VICE CHAIRMAN 1.00
Officer Director
$0 $0 $0
MARY MENACHO SECRETARY 1.00
Officer Director
$0 $0 $0
CAMERON STAPLES TREASURER 1.00
Officer Director
$0 $0 $0
MARK CROTTY BOARD MEMBER 1.00
Officer
$0 $0 $0
CAROLE EVERETT BOARD MEMBER, THRU JULY 2024 1.00
Officer
$0 $0 $0
BARBARA HODGES BOARD MEMBER 1.00
Officer
$0 $0 $0
CLAIRE LEHENY BOARD MEMBER, THRU JULY 2024 1.00
Officer
$0 $0 $0
BONNIE RICCI EXECUTIVE DIRECTOR 40.00
Officer
$153,500 $9,483 $162,983
ANAND MAHADEVAN BOARD MEMBER 1.00
Officer
$0 $0 $0
ALAN SMILEY BOARD MEMBER 1.00
Officer
$0 $0 $0
DEBRA WILSON BOARD MEMBER 1.00
Officer
$0 $0 $0
SARA WILSON BOARD MEMBER 1.00
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
2025 $304,785 $277,324 $246,415 $27,461
2024 $242,032 $251,294 $208,689 $-9,262
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