INTERNATIONAL ASSOCIATION OF INDUS… - 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

2002

Legal Domicile

Principal Officer

HEATHER LORE

Phone

6088412017

Tax Period

2023-01-01 to 2023-12-31

INTERNATIONAL ASSOCIATION OF INDUSTRIAL ACCIDENT BOARDS AND COMMISSIONS INC, founded in 2002, is a community nonprofit in the Education sector that reported $1.4M in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $1.2M left a modest 10% surplus.

Mission

THE INTERNATIONAL ASSOCIATION OF INDUSTRIAL ACCIDENT BOARDS AND COMMISSIONS (IAIABC) EMPOWERS, EDUCATES, AND CONNECTS THE GLOBAL WORKERS' COMPENSATION COMMUNITY TO REDUCE HARM AND AID RECOVERY FROM WORK INJURIES AND ILLNESSES.

Program Service Accomplishments

Program 1

Expenses: $387,853 Revenue: $293,561

CONVENTION - GATHERING OF WORKERS' COMPENSATION PROFESSIONALS TO RECEIVE EDUCATIONAL PROGRAMMING DURING COMMITTEE MEETINGS AND CONFERENCE SESSIONS. THE CONVENTION ALSO INCLUDES THE ANNUAL BUSINESS...

CONVENTION - GATHERING OF WORKERS' COMPENSATION PROFESSIONALS TO RECEIVE EDUCATIONAL PROGRAMMING DURING COMMITTEE MEETINGS AND CONFERENCE SESSIONS. THE CONVENTION ALSO INCLUDES THE ANNUAL BUSINESS MEETING TO REVIEW THE ASSOCIATION'S GOVERNANCE AND HEAR FROM MEMBERS.

Program 2

Expenses: $211,229 Revenue: $198,255

THE FORUM - SPRING MEETING THAT BRINGS TOGETHER PROFESSIONALS FOR EDUCATION AND IN-DEPTH DISCUSSIONS ABOUT IMPORTANT ISSUES IN WORKERS' COMPENSATION.

Program 3

Expenses: $94,442 Revenue: $38,040

EDUCATION - EDUCATIONAL RESEARCH AND PUBLICATIONS TO INFORM MEMBERS OF ISSUES RELATING TO WORKERS' COMPENSATION.

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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 $1,318,138

Investment Income $31,663

Other Revenue $8,673

TOTAL REVENUE $1,358,474

Expense Breakdown

Grants Paid $0

Salaries & Benefits $577,616

Fundraising Expenses $41,432

Program Expenses $818,757

Other Expenses $650,291

TOTAL EXPENSES $1,227,907

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,358,474	$1,234,789	+0.1%
Expenses	$1,227,907	$1,208,384	+0.0%
Net Income	$130,567	$26,405	+3.9%

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

337

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

$129,196

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT DOUCETTE	PRESIDENT	1.00	Officer Director	$0	$0	$0
MARK LONG	IMMEDIATE PAST PRESIDENT (THRU SEP)	1.00	Officer Director	$0	$0	$0
BILL WHEELER	SECRETARY-TREASURER	1.00	Officer Director	$0	$0	$0
DR MOHAMMED AZMAN	DIRECTOR	1.00	Director	$0	$0	$0
ANNA HUI	PRESIDENT ELECT	1.00	Officer Director	$0	$0	$0
PHILLIP GERMAIN	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
STEVE PETERS	DIRECTOR (FROM SEPTEMBER)	1.00	Director	$0	$0	$0
SHANNON BRUNO BISHOP	DIRECTOR	1.00	Director	$0	$0	$0
SHERI BOWLES	DIRECTOR	1.00	Director	$0	$0	$0
TERRANCE D'SOUZA	DIRECTOR	1.00	Director	$0	$0	$0
WESLEY MARSHALL	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM MASSEY	DIRECTOR (THRU JULY)	1.00	Director	$0	$0	$0
DR BRIAN WILSON	DIRECTOR	1.00	Director	$0	$0	$0
GREGOR KEMPER	DIRECTOR (THRU SEPTEMBER)	1.00	Director	$0	$0	$0
BRITTANY O'NEIL	DIRECTOR (FROM OCTOBER)	1.00	Director	$0	$0	$0
HEATHER LORE	EXECUTIVE DIRECTOR	40.00	Officer	$118,602	$10,594	$129,196

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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$1,358,474	$1,227,907	$1,536,449	$130,567
2022	$1,234,789	$1,208,384	$1,321,682	$26,405
2021	$1,202,242	$916,335	$1,387,414	$285,907
2020	$888,250	$869,246	$1,040,979	$19,004
2019	$1,280,426	$1,205,096	$1,102,435	$75,330
2018	$1,113,477	$1,081,062	$847,549	$32,415

INTERNATIONAL ASSOCIATION OF INDUSTRIAL ACCIDENT BOARDS AND COMMISSIONS INC