HOME CONNECTIVITY ALLIANCE C/O VITAL TECHNICAL MARKETING INC

EIN: 873001132 Community Improvement

BEAVERTON, OR

Total Revenue
$527,500
Total Expenses
$222,051
Total Assets
$415,629
Net Assets
$136,723
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2021
Legal Domicile
OR
Principal Officer
YOONHO CHOI
Phone
5036190505
Tax Period
2024-01-01 to 2024-12-31

HOME CONNECTIVITY ALLIANCE C/O VITAL TECHNICAL MARKETING INC, founded in 2021, is a small nonprofit in the Community Improvement sector that reported $528K in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. The organization ran a surplus of $305K, a strong 58% operating margin.

Mission

THE HOME CONNECTIVITY ALLIANCE IS A NONPROFIT CORPORATION FORMED FOR THE FOLLOWING PURPOSES: (I) TO FACILITATE TECHNICAL COLLABORATION OF ITS MEMBERS IN ORDER TO EXPLORE THE DIFFERENT SOLUTIONS ALLOWING INTEROPERABILITY BETWEEN CONNECTED PRODUCT FEATURES THROUGH A SECURE AND PRIVATE ENVIRONMENT IN FURTHERANCE OF FOSTERING HOLISTIC SMART HOME EXPERIENCES FOR CONSUMERS; (II) TO PROMOTE THROUGH ITS WORK PRODUCT THE WORK OF THE CORPORATION; (III) TO DEFINE THROUGH REFERENCE DOCUMENTS AND WORK PRODUCT A CLEAR STRATEGY FOR ENABLING MEMBERS INTEROPERABILITY AND INTERACTIVITY BY ESTABLISHING OPEN GUIDING PRINCIPLES FOR INTEROPERABILITY, ACCESS, AND PLATFORM INFRASTRUCTURE TO DRIVE SEAMLESS INTERCONNECTION ACROSS THE SMART HOME PRODUCT LANDSCAPE WITH AN EMPHASIS ON FOSTERING AN OPEN AND BALANCED ENVIRONMENT FOR PARTICIPATION BY ALL INTERESTED CONSUMER ELECTRONICS RELATED ENTITIES; (IV) TO PROVIDE SECURE, CONSISTENT, AND FRICTIONLESS SMART HOME EXPERIENCES FOR CONSUMERS AND MANUFACTURERS OF INTE

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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 $527,500
Investment Income $0
Other Revenue $0
TOTAL REVENUE $527,500

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $222,051
TOTAL EXPENSES $222,051

Year-over-Year Comparison

2024 2023 Change
Revenue $527,500 $480,000 +0.1%
Expenses $222,051 $455,762 -0.5%
Net Income $305,449 $24,238 +11.6%
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

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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
8
Independent Members
8
Employees
N/A
Volunteers
26

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
3
$0
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
YOONHO CHOI PRESIDENT 10.00
Officer Director
$0 $0 $0
ERIN JOY SECRETARY 1.00
Officer Director
$0 $0 $0
SHAWN STOVER TREASURER 3.00
Officer Director
$0 $0 $0
MARCO BULGHERONI DIRECTOR 1.00
Director
$0 $0 $0
SELAHATTIN KOKSAL DIRECTOR 1.00
Director
$0 $0 $0
LINSEY MILLER DIRECTOR 1.00
Director
$0 $0 $0
MUSTAFA UAYUZ DIRECTOR 1.00
Director
$0 $0 $0
KIHYUN JUNG 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 $527,500 $222,051 $415,629 $305,449
2022 $385,000 $537,323 $452,034 $-152,323
2021 $70,000 $110,641 $792,750 $-40,641
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