INTERNATIONAL INTERNET TESTING ASS… - 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

2019

Legal Domicile

Principal Officer

TODD THIBODEAUX

Phone

6306788300

Tax Period

2023-01-01 to 2023-07-31

INTERNATIONAL INTERNET TESTING ASSOCIATION, founded in 2019, is a community nonprofit that reported $2.2M in total revenue in fiscal year 2022. The organization ran a surplus of $2.1M, a strong 94% operating margin.

Mission

IITA IS AN ILLINOIS NOT-FOR-PROFIT CORPORATION ORGANIZED FOR THE PURPOSES OF PROMOTING, BENEFITING, AND ADVANCING THE TESTING INDUSTRY. IITA WILL SEEK TO IDENTIFY AND PROMOTE INNOVATION THAT IITA BELIEVES WILL ADVANCE THE INDUSTRY AND OPPORTUNITIES THROUGH WHICH (SEE SCH O) THE TESTING INDUSTRY CAN OVERCOME CHALLENGES FACING THE INDUSTRY AND EXPAND ACCESS TO STANDARDIZED TESTS TO THE GENERAL PUBLIC.

Program Service Accomplishments

Program 1

IITA HAS IDENTIFIED, AND SEEKS TO DEVELOP AND PROMOTE, INNOVATIVE TECHNOLOGY THAT WILL SEEK TO ADDRESS CHALLENGES FACING THE TESTING INDUSTRY. USE OF THIS TECHNOLOGY WILL ENABLE MEMBERS OF THE...

IITA HAS IDENTIFIED, AND SEEKS TO DEVELOP AND PROMOTE, INNOVATIVE TECHNOLOGY THAT WILL SEEK TO ADDRESS CHALLENGES FACING THE TESTING INDUSTRY. USE OF THIS TECHNOLOGY WILL ENABLE MEMBERS OF THE TESTING INDUSTRY TO OFFER ITS TESTS TO TEST-TAKERS IN THEIR HOMES, THEREBY POTENTIALLY REMOVING CERTAIN FINANCIAL BARRIERS TO TAKING A STANDARDIZED TEST. HOME-BASED TESTING IS ALSO SIGNIFICANTLY EASIER FOR INDIVIDUALS WITH DISABILITIES. IN TERMS OF IMPROVING THE TESTING INDUSTRY, HELPING TEST OFFERORS TO IMPROVE ACCOMMODATIONS FOR THOSE WITH DISABILITIES AND ENSURE THAT THEIR LEGAL REQUIREMENTS UNDER THE AMERICANS WITH DISABILITIES ACT ARE MET IS AN IMPORTANT STEP FOR THE INDUSTRY AS A WHOLE.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $0

Other Revenue $2,193,037

TOTAL REVENUE $2,193,037

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $132,778

TOTAL EXPENSES $132,778

Year-over-Year Comparison

	2022	2021	Change
Revenue	$2,193,037	N/A	N/A
Expenses	$132,778	$318,672	-0.6%
Net Income	$2,060,259	$-318,672	-7.5%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TODD THIBODEAUX	CHAIRMAN	1.00	Officer Director	$0	$0	$0
BRIAN LAFFEY	TREASURER	1.00	Officer Director	$0	$0	$0
COURTNEY FONG	SECRETARY	1.00	Officer 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	$2,193,037	$132,778	No data	$2,060,259
2022	No data	$318,672	$-2,012,264	No data
2021	No data	$318,672	$-1,597,599	No data
2020	No data	$471,868	$1,462,217	No data

INTERNATIONAL INTERNET TESTING ASSOCIATION