FIRA CONSORTIUM INC C/O VITAL TECHNICAL MARKETING INC

EIN: 841797672

BEAVERTON, OR

Total Revenue
$2,651,812
Total Expenses
$2,475,078
Total Assets
$6,380,471
Net Assets
$6,380,471
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2019
Legal Domicile
DE
Principal Officer
CLINT CHAPLIN
Phone
5036190505
Tax Period
2024-01-01 to 2024-12-31

FIRA CONSORTIUM INC C/O VITAL TECHNICAL MARKETING INC, founded in 2019, is a community nonprofit that reported $2.7M in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion. Expenses of $2.5M left a modest 7% surplus.

Mission

THE PRIMARY PURPOSE OF THE CORPORATION IS TO IS TO PROMOTE THE DEVELOPMENT AND ADOPTION OF OPEN, ACCESSIBLE STANDARDS AND RESPECTIVE SPECIFICATIONS AS WELL AS RECOMMENDATIONS AND SOLUTIONS RELATING TO UWB (ULTRA WIDE BANDWIDTH) TECHNOLOGY AND PRODUCTS AND SERVICES RELATING THERETO (COLLECTIVELY, "SPECIFICATIONS AND OTHER SOLUTIONS"); TO PROVIDE FOR TESTING AND CONFORMITY ASSESSMENT OF IMPLEMENTATIONS IN ORDER TO ENSURE AND/OR FACILITATE COMPLIANCE WITH THE SPECIFICATIONS AND OTHER SOLUTIONS; TO OPERATE A BRANDING PROGRAM BASED UPON DISTINCTIVE TRADEMARKS TO CREATE HIGH CUSTOMER AWARENESS OF, DEMAND FOR, AND CONFIDENCE IN PRODUCTS DESIGNED IN COMPLIANCE WITH THE SPECIFICATIONS AND OTHER SOLUTIONS; AND TO UNDERTAKE SUCH OTHER ACTIVITIES AS MAY FROM TIME TO TIME BE APPROPRIATE TO FURTHER THE PURPOSES AND ACHIEVE THE GOALS SET FORTH ABOVE.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $2,412,474
Investment Income $239,338
Other Revenue $0
TOTAL REVENUE $2,651,812

Expense Breakdown

Grants Paid $0
Salaries & Benefits $353,280
Fundraising Expenses $0
Other Expenses $2,121,798
TOTAL EXPENSES $2,475,078

Year-over-Year Comparison

2024 2023 Change
Revenue $2,651,812 $2,445,788 +0.1%
Expenses $2,475,078 $1,377,110 +0.8%
Net Income $176,734 $1,068,678 -0.8%
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
9
Independent Members
9
Employees
2
Volunteers
10

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
$0
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CLINT CHAPLIN CHAIR 3.50
Officer Director
$0 $0 $0
LUC DARMON VICE CHAIR 1.00
Officer Director
$0 $0 $0
BRIAN REDDING SECRETARY 3.50
Officer
$0 $0 $0
RAMESHBABU SONGUKRISHNASAMY TREASURER 1.50
Officer Director
$0 $0 $0
BERND ECKERT DIRECTOR 1.00
Director
$0 $0 $0
SUNIL JOGI DIRECTOR 1.00
Director
$0 $0 $0
SHISHIR GUPTA DIRECTOR 1.00
Director
$0 $0 $0
JEROME HENRY DIRECTOR 1.00
Director
$0 $0 $0
SK YONG DIRECTOR 1.00
Director
$0 $0 $0
AMOL TULI DIRECTOR 1.00
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
2024 $2,651,812 $2,475,078 $6,380,471 $176,734
2023 $2,445,788 $1,377,110 $6,203,737 $1,068,678
2022 $2,233,676 $833,313 $5,135,059 $1,400,363
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