WORLD INNOVATION TECHNOLOGY AND SE… - Form 990 Financial Data

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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

1998

Legal Domicile

Principal Officer

ANDERS HALVORSEN

Phone

5712655964

Tax Period

2024-01-01 to 2024-12-31

WORLD INNOVATION TECHNOLOGY AND SERVICES ALLIANCE, founded in 1998, is a micro nonprofit that reported $34K in total revenue in fiscal year 2024. Revenue fell 96% from the prior year — a significant decline worth monitoring. Expenses of $816K exceeded revenue, resulting in a 2283% operating deficit.

Mission

AS THE GLOBAL VOICE OF THE IT INDUSTRY, THE WORLD INNOVATION TECHNOLOGY AND SERVICES ALLIANCE (WITSA) PLAYS AN ACTIVE ADVOCACY ROLE IN INTERNATIONAL PUBLIC POLICY ISSUES AFFECTING THE CREATION OF A ROBUST GLOBAL INFORMATION INFRASTRUCTURE.

Program Service Accomplishments

Program 1

WITSA OWNS AND LICENSES OUT THE RIGHT TO HOST THE WORLD CONGRESS ON INFORMATION TECHNOLOGY, WHERE INFORMATION TECHNOLOGY INDUSTRY ASSOCIATIONS MEMBERS AND COUNTRIES AROUND THE WORLD GATHER TO...

WITSA OWNS AND LICENSES OUT THE RIGHT TO HOST THE WORLD CONGRESS ON INFORMATION TECHNOLOGY, WHERE INFORMATION TECHNOLOGY INDUSTRY ASSOCIATIONS MEMBERS AND COUNTRIES AROUND THE WORLD GATHER TO EXCHANGE IDEAS AND SERVICES RELATED TO THIS INDUSTRY.

Program 2

THE WITSA GLOBAL PARTNERS PROGRAM IS SPECIFICALLY DESIGNED FOR ORGANIZATIONS INTERESTED IN PROMOTING ICT INVESTMENT FOR EXPANSION IN THEIR RESPECTIVE GEOGRAPHIC LOCATIONS.

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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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $34,250

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $34,250

Expense Breakdown

Grants Paid $0

Salaries & Benefits $202,095

Fundraising Expenses $0

Other Expenses $614,082

TOTAL EXPENSES $816,177

Year-over-Year Comparison

	2024	2023	Change
Revenue	$34,250	$798,465	-1.0%
Expenses	$816,177	$549,113	+0.5%
Net Income	$-781,927	$249,352	-4.1%

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

Governance

Voting Members

Independent Members

Employees

Volunteers

N/A

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

$80,000

Total Directors

$106,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MR YANNIS SIRROS	CHAIRMAN	1.00	Director	$0	$0	$0
DR SEAN SEAH	CHAIRMAN	1.00	Director	$0	$0	$0
MR TAREK M ABDEL MONEM TAHA	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
MR ALBERTO PATRON	DIRECTOR	1.00	Director	$0	$0	$0
MR SANTIAGO GUTIERREZ	CHAIRMAN	5.00	Director	$0	$0	$0
MR FRITS BUSSEMAKER	DIRECTOR	1.00	Director	$0	$0	$0
MR BRIAN SHEN	VICE CHAIRMAN	1.00	Director	$0	$0	$0
MR ZORAN LAZAREVSKI	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
MR ALEXANDER YESAYAN	DIRECTOR	1.00	Director	$0	$0	$0
MR ANTONIO CIMORRA	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
MR RANJEET KUMAR PODDAR	TREASURER	1.00	Officer Director	$0	$0	$0
MR FRANCIS FONG	DIRECTOR	1.00	Director	$0	$0	$0
MR ROBERT FRANZ JANSSEN	DEPUTY CHAIRMAN	1.00	Officer Director	$0	$0	$0
MR EDWARD BRZTYWA	VICE CHAIRMAN	1.00	Director	$0	$0	$0
MS YVONNE CHIU	CHAIRPERSON	1.00	Director	$0	$0	$0
MR DAN KHOO	CEO	1.00	Director	$106,000	$0	$106,000
MR ALEXANDER MORA	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
MR AHMED AL HUJAIRY	DIRECTOR	1.00	Director	$0	$0	$0
MR FLORIN VREJOIU	DIRECTOR	1.00	Director	$0	$0	$0
MR NIDAL BITAR	DIRECTOR	1.00	Director	$0	$0	$0
MR GEORGE NEWSTROM	CHAIRMAN	1.00	Director	$0	$0	$0
MR BOB LAURENCE	CHAIRMAN	1.00	Director	$0	$0	$0
MRS DEBORAH HARRIS	CFO	1.00	Director	$0	$0	$0
MS SUSAN SALEN	LEGAL DIRECTOR	1.00	Director	$0	$0	$0
MS NOR AZLINA ISHAK	DIRECTOR	1.00	Director	$0	$0	$0
MS EMILY S BARNER	DIRECTOR	1.00	Director	$0	$0	$0
MS JERALYN QUINSAYAS	ADMINISTRATOR	1.00	Director	$0	$0	$0
MD WAHEDUL HASSAN DIPU	DIRECTOR	1.00	Director	$0	$0	$0
MR ANDERS HALVORSEN	VP OF ADMINISTRATION	50.00	Officer	$80,000	$0	$80,000

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	$34,250	$816,177	$393,710	$-781,927
2023	$798,465	$549,113	$1,135,362	$249,352
2022	$1,170,886	$383,579	$889,020	$787,307
2021	$57,997	$412,236	$97,179	$-354,239
2020	$231,331	$536,381	$453,519	$-305,050
2019	$813,290	$746,337	$779,582	$66,953
2018	$258,991	$699,645	$753,180	$-440,654

WORLD INNOVATION TECHNOLOGY AND SERVICES ALLIANCE