INTERNET OF THINGS CONSORTIUM INC (EIN 810878938) - Form 990 Financial Analysis & Trantor Score

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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

2016

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

INTERNET OF THINGS CONSORTIUM INC, founded in 2016, is a small nonprofit in the Community Improvement sector that reported $342K in total revenue in fiscal year 2023. Expenses of $954K exceeded revenue, resulting in a 179% operating deficit.

Mission

Internet of Things Consortium, Inc. aims to advance IOT growth and efficiency across industries by developing business models, promoting awareness within the business community, and disseminating research and studies

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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 (2023)

Revenue Breakdown

Contributions & Grants $342,000

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $342,000

Expense Breakdown

Grants Paid $0

Salaries & Benefits $571,057

Fundraising Expenses $0

Program Expenses $600,547

Other Expenses $382,920

TOTAL EXPENSES $953,977

Year-over-Year Comparison

	2023	2022	Change
Revenue	$342,000	$320,000	+0.1%
Expenses	$953,977	$33,871	+27.2%
Net Income	$-611,977	$286,129	-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

Governance

Voting Members

Independent Members

N/A

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

$550,000

Total Directors

$550,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GREG KAHN	CEO	50.00	Officer Director	$550,000	$0	$550,000

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	No data	No data	No data	No data
2023	$342,000	$953,977	$146,919	$-611,977
2022	$320,000	$33,871	$770,710	$286,129
2021	$553,075	$897,336	$695,095	$-344,261
2020	$905,491	$978,029	$426,847	$-72,538
2019	$1,231,857	$1,171,249	$364,884	$60,608
2018	$1,284,587	$1,000,266	$139,141	$284,321

INTERNET OF THINGS CONSORTIUM INC