IEEE Industry Standards and Technology Organization Inc

EIN: 223639558 Community Improvement

Piscataway, NJ

Total Revenue
$5,117,289
Total Expenses
$5,172,146
Total Assets
$10,597,177
Net Assets
$1,093,861
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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
1999
Legal Domicile
DE
Principal Officer
DANIEL BURNETT
Phone
7324655856
Tax Period
2023-01-01 to 2023-12-31

IEEE Industry Standards and Technology Organization Inc, founded in 1999, is a community nonprofit in the Community Improvement sector that reported $5.1M in total revenue in fiscal year 2023.

Mission

ISTO mentors communities developing, certifying, and promoting their technology standards, best practices, guidelines, open source, and implementation activities.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $5,117,289
Investment Income $0
Other Revenue $0
TOTAL REVENUE $5,117,289

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $5,172,146
TOTAL EXPENSES $5,172,146

Year-over-Year Comparison

2023 2022 Change
Revenue $5,117,289 $5,133,157 0.0%
Expenses $5,172,146 $5,146,472 +0.0%
Net Income $-54,857 $-13,315 +3.1%
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

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Governance

Voting Members
8
Independent Members
7
Employees
N/A
Volunteers
7

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
4
$374,596
Total Directors
8
$374,596
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ADAM NEWMAN Director/President & CEO 40.0
Officer Director
$319,301 $55,295 $374,596
Yatin Trivedi CHAIRMAN/DIRECTOR 4.0
Officer Director
$0 $0 $0
DANIEL BURNETT DIRECTOR 4.0
Director
$0 $0 $0
Lewis Brodnax III DIRECTOR 4.0
Director
$0 $0 $0
Leo Casey DIRECTOR 4.0
Director
$0 $0 $0
Brian Daly DIRECTOR 4.0
Director
$0 $0 $0
Heather J Meeker DIRECTOR 4.0
Director
$0 $0 $0
FORREST WRIGHT DIRECTOR 4.0
Director
$0 $0 $0
Marco W Migliaro Secretary 4.0
Officer
$0 $0 $0
Janet Malasig Treasurer 4.0
Officer
$0 $0 $0
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 No data No data No data No data
2023 $5,117,289 $5,172,146 $10,597,177 $-54,857
2022 $5,133,157 $5,146,472 $8,953,678 $-13,315
2021 $4,518,129 $4,436,899 $7,891,039 $81,230
2020 $3,779,418 $3,699,047 $6,683,131 $80,371
2019 $11,000,348 $11,024,862 $11,462,343 $-24,514
2018 $13,984,163 $13,974,247 $22,474,476 $9,916
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