WASHINGTON TITLE INSURANCE RATING ORGANIZATION

EIN: 833784632 Mutual Benefit

SEATTLE, WA

Total Revenue
$275,000
Total Expenses
$56,400
Total Assets
$218,600
Net Assets
$218,600
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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
2019
Legal Domicile
WA
Principal Officer
MEGAN POWELL
Phone
2066153285
Tax Period
2019-01-01 to 2019-12-31

WASHINGTON TITLE INSURANCE RATING ORGANIZATION, founded in 2019, is a small nonprofit in the Mutual Benefit sector that reported $275K in total revenue in fiscal year 2019. The organization ran a surplus of $219K, a strong 79% operating margin.

Mission

THIS ORGANIZATION WAS FORMED AND IS LICENSED BY THE INSURANCE COMMISSIONER OF THE STATE OF WASHINGTON, TO ACT AS A RATING ORGANIZATION AS DEFINED IN TITLE 48, CHAPTER 29 OF THE REVISED CODE OF WASHINGTON (CHAPTER 48.29 RCW). THE SOLE PURPOSE OF THE ORGANIZATION IS TO ACT AS A RATING ORGANIZATION AS DEFINED IN CHAPTER 48.29 RCW.

Program Service Accomplishments

Program 1

THIS ORGANIZATION WAS FORMED AND IS LICENSED BY THE INSURANCE COMMISSIONER OF THE STATE OF WASHINGTON, TO ACT AS A RATING ORGANIZATION AS DEFINED IN TITLE 48, CHAPTER 29 OF THE REVISED CODE OF...

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THIS ORGANIZATION WAS FORMED AND IS LICENSED BY THE INSURANCE COMMISSIONER OF THE STATE OF WASHINGTON, TO ACT AS A RATING ORGANIZATION AS DEFINED IN TITLE 48, CHAPTER 29 OF THE REVISED CODE OF WASHINGTON (CHAPTER 48.29 RCW). THE SOLE PURPOSE OF THE ORGANIZATION IS TO ACT AS A RATING ORGANIZATION AS DEFINED IN CHAPTER 48.29 RCW. THE ORGANIZATION WILL ADOPT OR CREATE TITLE INSURANCE FORMS (INCLUDING FORMS OF POLICY AND ENDORSEMENT), TITLE INSURANCE RATES, MANUALS OF RULES AND RATES, RATING PLANS, RATE SCHEDULES, MINIMUM RATES, AND RATING RULES FOR USE BY TITLE INSURANCE COMPANIES IN THE STATE OF WASHINGTON. THE ORGANIZATION WILL FILE RATES AND FORMS ON BEHALF OF ITS MEMBERS AND SUBSCRIBERS WITH THE WASHINGTON INSURANCE COMMISSIONERS OFFICE PURSUANT TO RCW 48.29.147(8).

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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 (2019)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $275,000
Investment Income $0
Other Revenue $0
TOTAL REVENUE $275,000

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $56,400
TOTAL EXPENSES $56,400

Year-over-Year Comparison

2019 2018 Change
Revenue $275,000 N/A N/A
Expenses $56,400 N/A N/A
Net Income $218,600 N/A N/A
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
11
Independent Members
11
Employees
N/A
Volunteers
12

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
5
$0
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DONALD PARTINGTON PRESIDENT 0.50
Officer Director
$0 $0 $0
ERIN SHECKLER VICE PRESIDENT 0.50
Officer Director
$0 $0 $0
MEGAN POWELL TREASURER 0.50
Officer Director
$0 $0 $0
DANIEL MACMILLAN ASSISTANT TREASURER 0.50
Officer Director
$0 $0 $0
MARK SHEPHERD SECRETARY 0.50
Officer Director
$0 $0 $0
MATTHEW LONDON DIRECTOR 0.50
Director
$0 $0 $0
JOHN JONES DIRECTOR 0.50
Director
$0 $0 $0
VALERIE JAHN GRANDIN DIRECTOR 0.50
Director
$0 $0 $0
CHRIS ROLLINS DIRECTOR 0.50
Director
$0 $0 $0
GRETCHEN VALENTINE DIRECTOR (UNTIL 12/16/19) 0.50
Director
$0 $0 $0
MATTHEW J RYDEN DIRECTOR 0.50
Director
$0 $0 $0
ERIN STINES DIRECTOR 0.50
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
2019 $275,000 $56,400 $218,600 $218,600
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