To validate the credentials of foreign educated healthcare professionals to help ensure public safety in the delivery of health care in the united states and canada.

501(c)(3) charity; gifts are tax-deductible.
74¢ of each $1 spent went to programs.
Run by 59 volunteers and 204 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $9.7M a year · 28% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
74%
of spending
Fine: 74% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$2.4M
to officers and key staff · 7% of spending
Looks good: pay to officers and key staff is 7% of spending; 15% or less.
Pt VII · Sec A
23 mo
of spending, in cash
Looks good: 23.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $18K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$16.3M
21% of total assets
Looks good: liabilities are 21% of assets; 50% or less.
Pt X · Ln 26
Independent board members
11
of 11 voting members
Looks good: 11 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$45.3M
-22% vs prior year
Spent
$33.3M
To programs
74%
Net assets
$61.3M
By yearFY2020–FY2024
Revenue
$45.3M
FY2024▼ -22%
Tap a bar for its year
Revenue by fiscal year
FY2020$14.9M
FY2021$24.1M
FY2022$28.4M
FY2023$57.8M
FY2024$45.3M
Expenses
$33.3M
FY2024▲ +14%
Tap a bar for its year
Expenses by fiscal year
FY2020$18.6M
FY2021$18.7M
FY2022$22.2M
FY2023$29.2M
FY2024$33.3M
Net assets
$61.3M
FY2024▲ +25%
Tap a bar for its year
Net assets by fiscal year
FY2020$12.1M
FY2021$16.0M
FY2022$20.3M
FY2023$49.0M
FY2024$61.3M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jun 1977.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

74 cents of each dollar spent went to programs.

Program services 74% · $24.6M Management & general 26% · $8.8M

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

19 people listed on the 990; $2.4M paid to officers and key staff.

Part VII, Section A · reportable compensation
President and CEO
$700,000Pt VII · Sec A
Chief Financial Officer
$282,494Pt VII · Sec A
Director of Marketing
$261,058Pt VII · Sec A
Director of Government Aff
$256,058Pt VII · Sec A
Director of Information Technology
$249,046Pt VII · Sec A
Former President and CEO,
$235,308Pt VII · Sec A
Director of Allied Health
$224,498Pt VII · Sec A
Director of Project Management
$220,000Pt VII · Sec A

Peter Preziosi’s $700K as President and CEO is at the 87th percentile of top reported officer pay among 2901 $10–100M health care nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Peter Preziosi$700,000$480,769——$204,670
Franklin Shaffer$235,308$626,772$446,497$416,532$399,551
Leo Clayboss$282,494$315,527$313,464$267,334$233,814
Lea Sims$261,058————
Mukul Bakhshi$256,058$225,618$210,527—$172,308
Nish Jayamohan$249,046————
Bob Moldoff—$231,112$181,630$177,832—
Robin Jenkins$224,498$213,808$202,893$211,722$180,285

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Verifies foreign healthcare professionals' education to protect public safety in the US and Canada.

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Provided by the organization

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3 programs · $23.3M · in their own filed words · FY2024
01

Various credentials evaluation services for foreign healthcare professionals are performed that consist of an evaluation of foreign licensure and foreign academic records in terms of U.S. Comparability AND/OR for authenticity. During the year approximately 49,900 applications were reviewed and assessed and 42,848 reports were issued.

$15.3Mprogram expense
02

Visascreen certification is provided under a federal screening program for international healthcare professionals seeking a U.S. Occupational visa that comprise an educational analysis, licensure verification, an english proficiency assessment, and in the case of nurses, a test of nursing knowledge.

$5.0Mprogram expense
03

The national nursing assessment service is a program to credential internationally educated nurses who seek employment in the canadian healthcare system. The credentialing utilizes curriculum, course syllabus, and other documents, principally from source educational institutions and agencies, to evaluate the internationally educated…

$3.0Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$18K

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$45.3M
Ln 12
Fees for servicesLn 2g$42.0M
Investment incomeLn 3$3.2M
Other incomeLn 4–11$67K
Money outPt IX
$33.3M
Ln 25
Programscol B$24.6M
Managementcol C$8.8M
Owns and owesPt X
$61.3M
net assets · Ln 32
Cash and savingsLn 1–2$63.8M
Total assetsLn 16$77.6M
LiabilitiesLn 26$16.3M
PeoplePt VI, VII
19
listed · VII A
PaidVII A8
Voting boardVI 1a11
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$42.0M
Investment incomeLn 3$3.2M
Other incomeLn 4–11$67K
Gains on assetsLn 7$129K
Total revenueLn 12$45.3M
Assets in detailPt X, end of year
SavingsLn 2$63.8M
Cash and savings togetherLn 1–2$63.8M
InvestmentsLn 11–13$7.5M
Land, buildings, equipmentLn 10c$3.7M
Total assetsLn 16$77.6M
LiabilitiesLn 26$16.3M
Net assetsLn 32$61.3M
OperationsPt I, VI
EmployeesI 5204
VolunteersI 659
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$53.6M$63.8M
InvestmentsLn 11–13$7.3M$7.5M
Land, buildings, equipmentLn 10c$3.9M$3.7M
Total assetsLn 16$67.8M$77.6M
LiabilitiesLn 26$18.8M$16.3M
Net assetsLn 32$49.0M$61.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$1.1M$170K$885K
Other salaries and wagesLn 7$17.3M$13.1M$4.2M
Pension plan contributionsLn 8$338K$280K$58K
Other employee benefitsLn 9$1.8M$1.5M$360K
Payroll taxesLn 10$1.4M$1.0M$311K
Legal feesLn 11b$324K$68K$256K
Accounting feesLn 11c$38K$38K
Investment management feesLn 11f$56K$56K
Other fees for servicesLn 11g$2.3M$1.3M$1.0M
Advertising and promotionLn 12$322K$322K
Office expensesLn 13$474K$265K$209K
Information technologyLn 14$2.9M$2.8M$50K
OccupancyLn 16$533K$254K$279K
TravelLn 17$507K$160K$347K
Conferences, conventions and meetingsLn 19$157K$33K$124K
Depreciation, depletion and amortizationLn 22$682K$499K$183K
InsuranceLn 23$277K$180K$97K
Other expenses (24a–d)Ln 24$2.9M$2.9M$17K
Total functional expensesLn 25$33.3M$24.6M$8.8M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $45.3M$33.3M$12.0M$61.3M 990 PDF
FY2023 $57.8M$29.2M$28.6M$49.0M 990 PDF
FY2022 $28.4M$22.2M$6.1M$20.3M 990 PDF
FY2021 $24.1M$18.7M$5.5M$16.0M 990 PDF
FY2020 $14.9M$18.6M−$3.7M$12.1M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support J · Pay O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $45,285,735 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $54,525,667$42,006,824
I-10 Investment incomePrior year $3,079,254$3,211,648
I-11 Other revenuePrior year $160,300$67,263
I-12 Total revenuePrior year $57,765,221$45,285,735
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $18,693,039$21,882,025
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $10,482,556$11,451,081
I-18 Total expensesPrior year $29,175,595$33,333,106
I-19 Revenue less expensesPrior year $28,589,626$11,952,629
Part VI · Governance 11 of 11 board members independent, no flags
VI-1a Voting members of the governing body11
VI-1b Independent voting members11
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $45,285,735 across 5 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $42,006,824$42,006,824
VIII-3 Investment incomeExcluded from tax $3,082,724$3,082,724
VIII-7 Net gain or loss on sales of assetsExcluded from tax $128,924$128,924
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $67,263$67,263
VIII-12 Total revenueRelated to mission $42,074,087 · Unrelated business $0 · Excluded from tax $3,211,648$45,285,735
Part IX · Statement of functional expenses $33,333,106 across 18 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $170,040 · Management $884,600$1,054,640
IX-7 Other salaries and wagesPrograms $13,128,763 · Management $4,170,470$17,299,233
IX-8 Pension plan contributionsPrograms $280,087 · Management $58,069$338,156
IX-9 Other employee benefitsPrograms $1,470,161 · Management $360,217$1,830,378
IX-10 Payroll taxesPrograms $1,048,252 · Management $311,366$1,359,618
IX-11b Legal feesPrograms $68,295 · Management $255,632$323,927
IX-11c Accounting feesManagement $38,065$38,065
IX-11f Investment management feesManagement $56,073$56,073
IX-11g Other fees for servicesPrograms $1,308,870 · Management $1,020,500$2,329,370
IX-12 Advertising and promotionManagement $322,258$322,258
IX-13 Office expensesPrograms $264,948 · Management $208,810$473,758
IX-14 Information technologyPrograms $2,813,590 · Management $49,605$2,863,195
IX-16 OccupancyPrograms $254,042 · Management $278,897$532,939
IX-17 TravelPrograms $159,957 · Management $346,567$506,524
IX-19 Conferences, conventions and meetingsPrograms $33,342 · Management $123,617$156,959
IX-22 Depreciation, depletion and amortizationPrograms $498,787 · Management $182,852$681,639
IX-23 InsurancePrograms $179,941 · Management $96,892$276,833
IX-24 Other expenses (24a–d)Programs $2,872,727 · Management $16,814$2,889,541
IX-25 Total functional expensesPrograms $24,551,802 · Management $8,781,304 · Fundraising $0$33,333,106
Part X · Balance sheet $77,646,069 assets, 12 lines filed
X-2 Savings and temporary cash investmentsStart of year $53,599,221$63,803,274
X-9 Prepaid expenses and deferred chargesStart of year $1,248,235$2,316,838
X-10c Land, buildings and equipment, netStart of year $3,851,894$3,681,283
X-11 Publicly traded securitiesStart of year $7,278,945$7,536,375
X-14 Intangible assetsStart of year $1,840,995$308,299
X-16 Total assetsStart of year $67,820,090$77,646,069
X-17 Accounts payable and accrued expensesStart of year $3,124,753$3,267,054
X-19 Deferred revenueStart of year $15,724,284$13,072,541
X-26 Total liabilitiesStart of year $18,849,037$16,339,595
X-27 Net assets without donor restrictionsStart of year $48,971,053$61,306,474
X-32 Total net assets or fund balancesStart of year $48,971,053$61,306,474
X-33 Total liabilities and net assetsStart of year $67,820,090$77,646,069
Part XI · Reconciliation of net assets $61,306,474 net assets at year end
XI-1 Total revenue$45,285,735
XI-2 Total expenses$33,333,106
XI-3 Revenue less expenses$11,952,629
XI-4 Net assets at start of year$48,971,053
XI-5 Net unrealized gains (losses) on investments$382,792
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$61,306,474

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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