Wireless Industrial Technology Konsortium Inc

EIN: 262710616

Austin, TX

Total Revenue
$35
Total Expenses
$8,186
Total Assets
N/A
Net Assets
N/A
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2008
Legal Domicile
TX
Phone
6123080418
Tax Period
2022-05-01 to 2023-03-24

Wireless Industrial Technology Konsortium Inc, founded in 2008, is a micro nonprofit that reported $35 in total revenue in fiscal year 2022. Expenses of $8K exceeded revenue, resulting in a 23289% operating deficit.

Mission

Software for wireless sensing applications WiTECK's mission is to provide a reliable, cost effective, high quality portfolio of core enabling system software for industrial wireless applications.

Program Service Accomplishments

Program 1

The first project approved by the WiTECK Board was to produce a Field Device WirelessHART communication reference software stack that can be loaded into a WiTECK designed and built Field Device...

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The first project approved by the WiTECK Board was to produce a Field Device WirelessHART communication reference software stack that can be loaded into a WiTECK designed and built Field Device reference hardware platform. This communication reference software has been officially released to Promoters as release 1.0.0 and has passed the WirelessHART registration test from the HART Communication Foundation (HCF). The Board has approved a second project to port this software stack to lower power electronic components, with the goal of increasing battery life.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $35
Investment Income $0
Other Revenue $0
TOTAL REVENUE $35

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $8,186
TOTAL EXPENSES $8,186

Year-over-Year Comparison

2022 2021 Change
Revenue $35 N/A N/A
Expenses $8,186 $54,690 -0.9%
Net Income $-8,151 $-54,690 -0.9%
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

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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
5
Independent Members
5
Employees
N/A
Volunteers
6

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
3
$0
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Steve Armstrong President N/A
Officer Director
$0 $0 $0
Mirko Brcic Vice President N/A
Director
$0 $0 $0
Tilo Merlin Treasurer N/A
Officer Director
$0 $0 $0
Michael Kessler Director/Secretary N/A
Officer Director
$0 $0 $0
Hans Endl Director N/A
Director
$0 $0 $0
Miro Adzan Director N/A
Director
$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
2023 $35 $8,186 No data $-8,151
2022 No data $54,690 $18,217 No data
2021 No data $7,322 $72,907 No data
2019 No data $34,173 $102,912 No data
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