Joint Commission On Accreditation Of Healthcare Organizations
- Assets
- $309.6m
- Revenue
- $194.3m
- Investments
- $32.7m
- Employees
- 1,268
- Location
- Oakbrook Terrace, IL
- Founding
- 08/1953
- Data as of
- 12/2021
- EIN
- 36-2229255
Organization Overview
Joint Commission On Accreditation Of Healthcare Organizations, operating under the name The Joint Commission, is located in Oakbrook Terrace, IL. The organization was established in 1953. According to its NTEE Classification (E19) the organization is classified as: Support N.E.C., under the broad grouping of Health Care and related organizations. As of 12/2022, Joint Commission employed 1,268 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Joint Commission is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Joint Commission generated $194.3m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.9% each year. All expenses for the organization totaled $172.0m during the year ending 12/2021. While expenses have increased by 1.9% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO CONTINUOUSLY IMPROVE HEALTH CARE FOR THE PUBLIC, IN COLLABORATION WITH OTHER STAKEHOLDERS, BY EVALUATING HEALTH CARE ORGANIZATIONS AND INSPIRING THEM TO EXCEL IN PROVIDING SAFE AND EFFECTIVE CARE OF THE HIGHEST QUALITY AND VALUE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SURVEY AND CERTIFICATION FEES ARE GENERATED AS A CONSEQUENCE OF PERFORMING ACCREDITATION SURVEYS THAT ARE DESIGNED TO EVALUATE AN ORGANIZATION'S COMPLIANCE WITH JOINT COMMISSION STANDARDS AND CMS CONDITIONS OF PARTICIPATION (COPS), AND OTHER ACCREDITATION REQUIREMENTS. THE SUBSCRIPTION BILLING PROGRAM ALLOWS ORGANIZATIONS TO PAY AN ANNUAL SUBSCRIPTION FEE FOR THEIR PARTICIPATION IN THE ONGOING SERVICES PROVIDED BY THE JOINT COMMISSION. REVENUE FROM ANNUAL ACCREDITATION SUBSCRIPTION FEES IS RECOGNIZED RATABLY OVER THE PERIOD TO WHICH THE SUBSCRIPTION FEES RELATE.
THE JOINT COMMISSION PROVIDES COMMON MANAGEMENT SERVICES, REFERRED TO AS SHARED SERVICES FEES, OF THE ACTIVITIES CARRIED ON FOR RELATED ORGANIZATIONS. SEE SCHEDULE R FOR LIST OF RELATED ORGANIZATIONS.
PERFORMANCE MEASUREMENT & RELATED ACTIVITIES AT THE JOINT COMMISSION ADVANCE HEALTHCARE QUALITY AND PATIENT SAFETY BY UNDERTAKING SCIENTIFICALLY CREDIBLE RESEARCH THAT INFORMS HEALTH SERVICES PRACTICE AND POLICY. THE PROGRAM SUPPORTS THE DEVELOPMENT OF EVIDENCE-BASED AND MEANINGFUL PERFORMANCE MEASURES, SOUND STATISTICAL AND ANALYTICAL APPROACHES TO DATA ANALYSIS, AND THE IDENTIFICATION OF PERFORMANCE IMPROVEMENT AND PATIENT SAFETY STRATEGIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Exec VP & Chief Medical Officer & Interim President (through Feb) | OfficerTrustee | 38 | $888,241 |
Name Not Listed Vice Chair | OfficerTrustee | 2 | $0 |
Name Not Listed Chair | OfficerTrustee | 3 | $910 |
Name Not Listed President & CEO (beg Mar) | OfficerTrustee | 37 | $2,028,212 |
Name Not Listed Commissioner | Trustee | 2 | $0 |
Name Not Listed Commissioner | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cognizant Technology Solutions Software Development & Consulting | 12/30/22 | $789,412 |
Microsoft Corporation Information Technology Application Solutions & Services | 12/30/22 | $1,679,192 |
Alight Solutions Llc Software Development & Consulting Services | 12/30/22 | $1,021,682 |
Dynamic Health It Inc Software Development & Paas | 12/30/22 | $850,000 |
The Well Advertising Inc Media & Advertising Services | 12/30/22 | $796,648 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $886,503 |
| Investment income | $2,488,465 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $1,298,097 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $8,921,269 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $194,266,114 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $9,358,155 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $90,792,916 |
| Pension plan accruals and contributions | $6,176,144 |
| Other employee benefits | $8,525,930 |
| Payroll taxes | $6,861,383 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $290,957 |
| Fees for services: Accounting | $332,058 |
| Fees for services: Lobbying | $165,624 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $317,242 |
| Fees for services: Other | $9,584,116 |
| Advertising and promotion | $1,902,767 |
| Office expenses | $895,633 |
| Information technology | $6,077,854 |
| Royalties | $0 |
| Occupancy | $1,943,477 |
| Travel | $17,579,868 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $482,192 |
| Interest | $206,793 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,902,693 |
| Insurance | $1,110,307 |
| All other expenses | $0 |
| Total functional expenses | $171,968,051 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $39,937,247 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $11,061,346 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $3,240,130 |
| Investments—publicly traded securities | $185,538,377 |
| Investments—other securities | $32,682,642 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,175,465 |
| Total assets | $309,605,325 |
| Accounts payable and accrued expenses | $13,029,520 |
| Grants payable | $0 |
| Deferred revenue | $3,186,922 |
| Tax-exempt bond liabilities | $9,550,956 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $5,156,824 |
| Total liabilities | $30,924,222 |
| Net assets without donor restrictions | $278,681,103 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $278,681,103 |