Institute of Inspection Cleaning a… - 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

1989

Legal Domicile

Principal Officer

Carey Vermeulen

Phone

7755535458

Tax Period

2023-10-01 to 2024-09-30

Institute of Inspection Cleaning and Restoration Certification, founded in 1989, is a community nonprofit in the Community Improvement sector that reported $9.2M in total revenue in fiscal year 2023. Revenue grew 17% year-over-year, indicating healthy expansion. The organization ran a surplus of $2.9M, a strong 31% operating margin.

Mission

The mission of the IICRC is to establish and advance globally recognized standards and certifications for the inspection, cleaning, restoration and installation industries.See Schedule O

Program Service Accomplishments

Program 1

Provide the means for professional carpet and upholstery cleaners, disaster restoration technicians, and floor-coverings inspectors to become certified through training and testing. The IICRC is an ANSI approved standards development organization. IICRC is highly regardedas the objective certification body for skilled professionals seeking recognition of their knowledge and competence within a specific trade. The IICRC certifies both individuals and companies throughout North America and in over 20 other countries including Australia, New Zealand, Japan, and the United Kingdom.

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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 $8,699,346

Investment Income $473,956

Other Revenue $3,356

TOTAL REVENUE $9,176,658

Expense Breakdown

Grants Paid $131,000

Salaries & Benefits $2,555,804

Fundraising Expenses $0

Other Expenses $3,611,987

TOTAL EXPENSES $6,298,791

Year-over-Year Comparison

	2023	2022	Change
Revenue	$9,176,658	$7,851,221	+0.2%
Expenses	$6,298,791	$6,015,093	+0.0%
Net Income	$2,877,867	$1,836,128	+0.6%

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

$248,215

Total Directors

$110,285

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Carey Vermeulen	Chairman/President	40.00	Officer Director	$50,000	$0	$50,000
Kevin Fisher	Director	1.00	Director	$10,670	$0	$10,670
Matt Cole	Director	1.00	Director	$9,000	$0	$9,000
Mark Cornelius	Director	1.00	Director	$6,515	$0	$6,515
Brandon Burton	Director	1.00	Director	$6,000	$0	$6,000
Craig Jasper	Director	1.00	Director	$3,990	$0	$3,990
Joseph Dobbins	Chair Elect	8.00	Officer Director	$3,855	$0	$3,855
Darren Hudema	Director	1.00	Director	$3,290	$0	$3,290
James Tole	2nd VP	8.00	Officer Director	$3,160	$0	$3,160
Kevin Pearson	Immediate Past Chairman	8.00	Officer Director	$2,250	$0	$2,250
Casey Clark	Treasurer	8.00	Officer Director	$2,250	$0	$2,250
Mark Drozdov	Director	1.00	Director	$2,250	$0	$2,250
Tony Macaluso	Secretary	8.00	Officer Director	$2,215	$0	$2,215
Bill Luallen	Director	1.00	Director	$1,530	$0	$1,530
Jessika James	Director	1.00	Director	$1,415	$0	$1,415
Robert Blochinger	Director	1.00	Director	$1,125	$0	$1,125
Darren Foote	Director	1.00	Director	$480	$0	$480
Leslie Anderson	3rd VP	8.00	Officer Director	$290	$0	$290
Craig Powers	Director	1.00	Director	$0	$0	$0
Holly Kimber	Chief of Staff	40.00	Officer	$172,778	$11,417	$184,195
Mili Washington	Director of Standards	40.00	Highest	$158,245	$37,444	$195,689
Racheal Hunter	Finance Manager	40.00	Highest	$108,316	$10,037	$118,353

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	$9,176,658	$6,298,791	$17,181,574	$2,877,867
2023	$7,851,221	$6,015,093	$13,256,755	$1,836,128
2022	$7,852,154	$6,232,800	$10,972,386	$1,619,354
2021	$7,426,713	$5,784,642	$11,140,203	$1,642,071
2020	$6,565,973	$5,372,446	$8,740,053	$1,193,527
2019	$6,436,697	$5,359,681	$7,358,254	$1,077,016
2018	$6,263,327	$5,167,614	$6,429,082	$1,095,713

Institute of Inspection Cleaning and Restoration Certification