Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: OTHER PROGRAM REVENUE

  total $39,036,280 · related or exempt $35,305,723 · unrelated business $3,730,557

• 2b · Program service revenue: MEDICARE REVIEW SERVICES

  total $34,072,554 · related or exempt $34,072,554

• 2c · Program service revenue: MEDICAID QUALITY CONTROL

  total $30,424,486 · related or exempt $30,424,486

• 3 · Investment income

  total $1,826,240 · excluded $1,826,240

• 11a · Other revenue: REIMBURSED EXPENSES

  total $196,553 · excluded $196,553

• 11b · Other revenue: OTHER REVENUE

  total $5,799 · excluded $5,799

• 11e · Other revenue, total

  $202,352

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $27,759 · program services $27,759

• 5 · Compensation of officers, directors and key employees

  total $5,812,355 · program services $4,097,160 · management and general $1,715,195

• 7 · Other salaries and wages

  total $34,797,731 · program services $24,931,983 · management and general $9,865,748

• 8 · Pension plan contributions

  total $1,648,007 · program services $1,178,901 · management and general $469,106

• 9 · Other employee benefits

  total $5,711,099 · program services $4,085,431 · management and general $1,625,668

• 10 · Payroll taxes

  total $2,695,420 · program services $1,928,167 · management and general $767,253

• 11b · Fees: legal

  total $608,153 · management and general $608,153

• 11c · Fees: accounting

  total $139,506 · management and general $139,506

• 11d · Fees: lobbying

  total $91,000 · management and general $91,000

• 11g · Fees: other

  total $29,815,067 · program services $29,404,878 · management and general $410,189

• 12 · Advertising and promotion

  total $135,424 · program services $96,418 · management and general $39,006

• 13 · Office expenses

  total $1,692,094 · program services $1,373,826 · management and general $318,268

• 14 · Information technology

  total $1,889,327 · program services $1,615,211 · management and general $274,116

• 16 · Occupancy

  total $3,151,841 · program services $2,244,014 · management and general $907,827

• 17 · Travel

  total $1,449,050 · program services $1,183,407 · management and general $265,643

• 19 · Conferences, conventions and meetings

  total $52,000 · program services $38,300 · management and general $13,700

• 20 · Interest

  total $198 · program services $141 · management and general $57

• 22 · Depreciation, depletion and amortization

  total $426,723 · program services $303,814 · management and general $122,909

• 23 · Insurance

  total $338,583 · program services $241,061 · management and general $97,522

• 24a · Other expenses: BAD DEBT EXPENSE

  total $2,750,000 · program services $2,750,000

• 24b · Other expenses: REPAIRS & MAINTENANCE

  total $471,769 · program services $335,885 · management and general $135,884

• 24c · Other expenses: DUES AND SUBSCRIPTIONS

  total $323,285 · program services $262,399 · management and general $60,886

• 24d · Other expenses: TEMPORARY HELP

  total $315,170 · program services $302,592 · management and general $12,578

• 24e · All other expenses

  total $214,934 · program services $197,744 · management and general $17,190

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $15,057,507 · end of year $10,167,850

• 2 · Savings and temporary cash investments

  beginning of year $18,552,814 · end of year $47,333,528

• 4 · Accounts receivable

  beginning of year $26,619,995 · end of year $27,124,696

• 9 · Prepaid expenses and deferred charges

  beginning of year $1,032,312 · end of year $1,651,236

• 10a · Land, buildings and equipment: cost or other basis

  $1,468,010

• 10b · Land, buildings and equipment: accumulated depreciation

  $812,056

• 10c · Land, buildings and equipment, net

  beginning of year $896,179 · end of year $655,954

• 11 · Investments: publicly traded securities

  beginning of year $2,834,922 · end of year $3,324,744

• 12 · Investments: other securities

  beginning of year $55,997 · end of year $55,630

• 15 · Other assets

  beginning of year $9,794,597 · end of year $10,721,778

• 17 · Accounts payable and accrued expenses

  beginning of year $10,551,519 · end of year $15,623,702

• 19 · Deferred revenue

  beginning of year $5,738,067 · end of year $15,670,253

• 25 · Other liabilities

  beginning of year $8,308,228 · end of year $8,489,535

• 27 · Net assets without donor restrictions

  beginning of year $50,246,509 · end of year $61,251,926

The filer's explanations (Part III)

PART I, LINE 4B

IPRO MAINTAINS A NONQUALIFIED DEFERRED COMPENSATION PLAN UNDER IRC SECTION 457(F) FOR SELECT AND HIGHLY COMPENSATED INDIVIDUALS. THE AMOUNTS CONTRIBUTED BY IPRO ON THEIR BEHALF IN CALENDAR YEAR 2023 ARE: THEODORE O. WILL: $20,800; CLARE BRADLEY POLLET: $17,517; EDISON A. MACHADO, JR., MD: $16,608; ALAN WOGHIN: $23,400, HERMAN A. JENICH $13,000. THESE AMOUNTS ARE INCLUDED IN THE AMOUNTS REPORTED IN SCHEDULE J, PART II, COLUMN (C). THE AMOUNTS OF DISTRIBUTION RECEIVED FROM THE NONQUALIFIED RETIREMENT PLAN IN CALENDAR YEAR 2023 ARE: THEODORE O. WILL: $15,946; HARRY FEDER: $20,701. THESE AMOUNTS ARE INCLUDED IN THE AMOUNTS REPORTED IN SCHEDULE J, PART II, COLUMN (B)(III).

PART I, LINE 7

AMOUNTS INCLUDED IN PART II, COLUMN B(II) REFLECT NON-FIXED PAYMENTS RECEIVED IN THE FORM OF AN ANNUAL INCENTIVE DURING THE 2023 CALENDAR YEAR. INCENTIVES ARE BASED ON VARIOUS PERFORMANCE MEASURES.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

• LOGIQUAL LLC

  HEALTHCARE EFFECTIVENESS DATA AND INFORMATION SET AUDITS · NY · income $0 · assets $271,965

  Directly controlled by ISLAND PEER REVIEW ORGANIZATION INC

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

• IPRO NATIONAL MEDICAL REVIEW LTD

  C · INACTIVE · NY · 100% owned · share of assets $3,000 · controlled entity

  Directly controlled by ISLAND PEER REVIEW ORGANIZATION