INFORMATION TECHNOLOGY COALITION I… - 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

2020

Legal Domicile

Principal Officer

WILMINGTON TRUST NA

Phone

7038944444

Tax Period

2023-07-01 to 2024-06-30

INFORMATION TECHNOLOGY COALITION INC HEALTH & WELFARE TRUST, founded in 2020, is a community nonprofit that reported $8.8M in total revenue in fiscal year 2023. Revenue surged 39% from the prior year, signaling strong growth momentum.

Mission

THE TRUST PROVIDES FRINGE BENEFITS TO EMPLOYEES COVERED BY THE SERVICE CONTRACT ACT. EMPLOYEE BENEFITS INCLUDING HEALTH, DENTAL, VISION, LIFE, AD&D, AND SHORT TERM DISABILITY, CRITICAL ILLNESS, INDEMNITY INSURANCE ARE REQUIRED TO MEET MINIMUM PREVAILING WAGE RATES AS REQUIRED UNDER THE ACT.

Program Service Accomplishments

Program 1

THE TRUST PROVIDES FRINGE BENEFITS TO EMPLOYEES COVERED BY THE SERVICE CONTRACT ACT. EMPLOYEE BENEFITS INCLUDING HEALTH, DENTAL, VISION, LIFE, AD&D, AND SHORT TERM DISABILITY, CRITICAL ILLNESS...

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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 $0

Program Service Revenue $8,808,265

Investment Income $17,024

Other Revenue $0

TOTAL REVENUE $8,825,289

Expense Breakdown

Grants Paid $0

Salaries & Benefits $9,860

Fundraising Expenses $0

Other Expenses $287,717

TOTAL EXPENSES $8,766,804

Year-over-Year Comparison

	2023	2022	Change
Revenue	$8,825,289	$6,330,979	+0.4%
Expenses	$8,766,804	$6,581,325	+0.3%
Net Income	$58,485	$-250,346	-1.2%

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
N/A	TRUSTEE	1.00		$9,860	$0	$9,860

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
2025	No data	No data	No data	No data
2024	$8,825,289	$8,766,804	$450,024	$58,485
2023	$6,330,979	$6,581,325	$699,078	$-250,346
2023	$4,349,827	$4,492,809	$316,495	$-142,982

INFORMATION TECHNOLOGY COALITION INC HEALTH & WELFARE TRUST