WASHINGTON INDEPENDENT TELECOMMUNI… - 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

1915

Legal Domicile

Principal Officer

RICK VITZTHUM

Phone

3602642233

Tax Period

2024-07-01 to 2025-06-30

WASHINGTON INDEPENDENT TELECOMMUNICATIONS ASSOCIATION, founded in 1915, is a small nonprofit that reported $442K in total revenue in fiscal year 2024. Expenses of $386K left a modest 13% surplus.

Mission

THE WASHINGTON INDEPENDENT TELECOMMUNICATIONS ASSOCIATION (WITA) WILL ADVANCE AND PROMOTE AN ENVIRONMENT THAT ENABLES ITS MEMBERS TO PROVIDE HIGH QUALITY SERVICES IN RESPONSE TO THE NEEDS OF ALL THEIR CUSTOMERS IN THIS EVOLVING TELECOMMUNICATIONS MARKETPLACE.

Program Service Accomplishments

Program 1

PROMOTION OF GENERAL WELFARE OF INDIVIDUALS, FIRMS AND CORPORATIONS ENGAGED IN PROVIDING INDEPENDENT TELEPHONE SERVICE.

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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 (2024)

Revenue Breakdown

Contributions & Grants $24,520

Program Service Revenue $367,550

Investment Income $67

Other Revenue $49,951

TOTAL REVENUE $442,088

Expense Breakdown

Grants Paid $0

Salaries & Benefits $234,645

Fundraising Expenses $0

Other Expenses $151,286

TOTAL EXPENSES $385,931

Year-over-Year Comparison

	2024	2023	Change
Revenue	$442,088	$411,753	+0.1%
Expenses	$385,931	$451,489	-0.1%
Net Income	$56,157	$-39,736	-2.4%

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

Employees

Volunteers

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

$166,969

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEVEN APPELO	BOARD OF DIRECTOR	1.00	Director	$0	$0	$0
RUSS RAMSEY	BOARD OF DIRECTOR	1.00	Director	$0	$0	$0
RICK VITZTHUM	PRESIDENT	2.00	Officer Director	$0	$0	$0
MIKE OBLIZALO	BOARD OF DIRECTOR	1.00	Director	$0	$0	$0
MARK MARTELL	BOARD OF DIRECTOR	1.00	Director	$0	$0	$0
GEORGE HENNY	BOARD OF DIRECTOR	1.00	Director	$0	$0	$0
GAIL LONG	BOARD OF DIRECTOR	1.00	Director	$0	$0	$0
DEEDEE KLUSER	BOARD OF DIRECTOR	1.00	Director	$0	$0	$0
RAY SUMMERS	BOARD OF DIRECTOR	1.00	Director	$0	$0	$0
ANAND VADAPALLI	BOARD OF DIRECTOR	1.00	Director	$0	$0	$0
OLE OLSEN	BOARD OF DIRECTOR	1.00	Director	$0	$0	$0
JAMES BROOKS	BOARD OF DIRECTOR	1.00	Director	$0	$0	$0
KEN JOHNSON	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
RICK BUECHEL	BOARD OF DIRECTOR	1.00	Director	$0	$0	$0
AARON NELSON	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
BETTY BUCKLEY	EXECUTIVE DIRECTOR	40.00	Officer	$127,300	$39,669	$166,969

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	$442,088	$385,931	$271,054	$56,157
2024	$411,753	$451,489	$213,022	$-39,736
2023	$487,214	$459,084	$244,378	$28,130
2022	$399,939	$433,049	$222,885	$-33,110
2021	$352,240	$373,352	$246,639	$-21,112
2020	$372,322	$396,555	$269,865	$-24,233
2019	$333,738	$406,033	$290,748	$-72,295

WASHINGTON INDEPENDENT TELECOMMUNICATIONS ASSOCIATION