American Chiropractic Neurology Board

2006-2007 Annual Report:

Annual Report

Balance Sheet

Profit and Loss

Cash Flow

Annual Report to Stakeholders
October 30, 2007

Another year has passed. The American Chiropractic Neurology Board, Inc. (ACNB) would like to update you on the various changes and the progress made by the ACNB throughout this year.

The board has expended a considerable amount of work hours, effort and money in developing the Diplomate (neurology) examination databank. Many of you have shared in the work that was required. Over 80 Diplomates contributed case studies and questions and volunteered to work on various committees for the exam held in September 2007. We would like to thank the ACA Council on Neurology who sponsored the Job Analysis Update. The committees involved with the validation of the test databank include the Objective Writing Committee, the Case Review Committee, Item Writing Committee, the Test Review Committee, the Angoff (cut score setting) Committee and the Associate Examiner Committee. In the process of this work, these committees, under the leadership of the Board, developed documents covering the content of cases that are used on the exam (Case Template), the types of cases, the domains of the exam (neuraxis), and the objectives for the exam. The ACNB contracted with the Donath Group to use their secure test item submission to ensure that we met all security guidelines. The Donath Group has a wonderful Item Development Guide that anyone interested in test item submission needs to read. Our contract with the Donath Group continues through October of 2008. We are continuing to ask for your help in increasing the databank. If you are interested in helping, please contact Dr. Lucinda Harman, Test Development Director at publicmember@acnb.org. She will be able to assist you in learning how to submit quality cases and questions. Instead of resembling a textbook of neurological information, the test now resembles a day or week in a chiropractic neurologist’s office.

This year, there are 20 new Diplomates. The written and the practical exams showed a high degree of congruence this year in that all who passed the practical exam also passed the written exam. That indicates that we now have an exam that addresses clinical practice. We also have seven who have passed the subspecialty in Electrodiagnosis.

Thus, the final statistics for the American Chiropractic Neurology Board, Inc. as of October 2007, are as follows:

Number ever Certified = 724
Number Certified under The DACNB examination = 405
Number Current = 424
Taking the September Written Examination = 31
Current Passing the September Written Examination = 16
Statistics for September for the Written Test = 51.56%
Taking the September Practical Examination = 38
Passing the September Practical Examination = 20
Current Passing Statistics for September for the Practical Test = 51.67%
New Diplomates (those passing both Written and Practical Examinations in September) = 20

During the upcoming year, you will be asked to participate in a survey to discover what types of cases you see in your office and how you treat these patients. We hope that you will take the time to complete the survey. We will consider posting it online so that you can submit your answers through a secure section on the website www.acnb.org.

Please see the next page to review the financial statement for the Fiscal Year 2006-2007. We did expend considerable funds in the examination databank development, but most of the work was volunteer. That is why we still have enough operating dollars to securely manage the work of your Board.

Sincerely,

Balance Sheet - As of Septemeber 30, 2007

	Sept. 30, 2007
Assets
Current Assets
Checking/Savings
Money Market Account	$60,000.00
Compass Bank Account	$64,200.01
Total Checking/Savings	$124,200.01
Total Assets	$124,200.01

Liabilities & Equity
Equity
Opening Bal Equity Retained Earnings Net Income	$130,143.99 $ 48,714.54 -$54,658.52
Total Equity	$124,200.01

Total Liabilities & Equity	$124,200.01

Profit & Loss - October 2006 through September 2007

	Oct. '06 - Sep '07
Ordinary Income/Expense
Income
Examination Appeal Fee Examination Fee Recertification Fee Refund of Expense Advance Reimbursement overpayment Specialty Exam Appeal Speciaty Exam Fee-	$ 300.00 $ 56,163.00 $ 43,825.50 $ 600.00 $ 3,360.35 $ 1,100.00 $ 22,656.00

Total Income	$128,004.85

Expense
Accountant Attorney Fees Bank Service Fee Contract Labor Equipment Maintenance Exam Equipment Exam Supplies Expense Advance Insurance miscellaneous Office Supplies Postage & Shipping Printing & Copying Proffessional Membership Publication Reference Library Returned check Software & Updates Storage Taxes Telecommunications Travel Reimbursed Expenses-Travel Travel Advance Travel-Exam Travel - Other Total Travel Utilities Total Expense Net Ordinary Income Other Income/Expense Other Income Donation Total Other Income Net Other Income	$ 350.00 $ 2,296.20 $ 2,072.67 $ 77,908.47 $ 1,966.68 $ 13,019.19 $ 884.11 $ 600.00 $ 2,717.00 $ 27.11 $ 3,047.94 $ 5,033.47 $ 4,557.51 $ 3,500.00 $ 3,198.87 $ 1,283.03 $ 500.00 $ 686.00 $ 779.40 $ 343.19 $ 1,336.62 $ 41,879.73 $ 800.00 $ 10,131.64 $ 3,508.02 $ 56,319.39 $ 36.52 $182,463.37 $ -54,458.52 $ -200.00 $ -200.00 $ -200.00
Net Income	$ -54,658.52

Cash Flow

	Oct. '06 - Sep '07
OPERATING ACTIVITIES
Net Income	$ -54,658.52
Net cash provided by Operating Activities	$ -54,658.52

Net cash increase for period	$ -54,658.52
Cash at beginning of period	$ 178,858.53
Cash at end of period	$124,200.01