WASHINGTON TECHNOLOGY INDUSTRY 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

1984

Legal Domicile

Principal Officer

RADNA MINKARAH

Phone

2064483033

Tax Period

2024-01-01 to 2024-12-31

WASHINGTON TECHNOLOGY INDUSTRY ASSOCIATION, founded in 1984, is a community nonprofit that reported $5.5M in total revenue in fiscal year 2024. Revenue decreased 14% compared to the prior year. Expenses of $5.3M left a modest 3% surplus.

Mission

TO FOSTER A ROBUST, EQUITY-CENTERED TECHNOLOGY SECTOR THAT EMPOWERS THRIVING COMMUNITIES.

Program Service Accomplishments

Program 1

IN 2024, THE WASHINGTON TECHNOLOGY INDUSTRY ASSOCIATION (WTIA) ACHIEVED A RECORD-BREAKING YEAR, SIGNIFICANTLY EXPANDING ITS REACH AND IMPACT ACROSS WASHINGTON STATE. WTIA PROVIDED CRUCIAL RESOURCES FOR STARTUPS IN 19 COUNTIES, EXTENDING SUPPORT FAR BEYOND KING COUNTY. WTIA SUCCESSFULLY SPUN OUT APPRENTI, A LONG-STANDING PARTNER IN REGISTERED APPRENTICESHIP FOR THE TECHNOLOGY SECTOR. WTIA PARTNERED WITH THREE INTERNATIONAL MARKETS (JAPAN, KOREA, AND CANADA) TO PROMOTE WASHINGTON AS A GLOBAL STARTUP HUB. ADDITIONAL 2024 ACCOMPLISHMENTS: ASSISTED 250+ STARTUPS WITH TAILORED COACHING, VALUABLE CONNECTIONS, AND EXCLUSIVE MEMBER RESOURCES. FACILITATED 225+ CONVERSATIONS BETWEEN STARTUPS AND INVESTORS, DRIVING CRUCIAL FUNDING OPPORTUNITIES. ACCELERATED 72 STARTUPS THROUGH OUR INTENSIVE FOUNDER COHORT PROGRAM. SUPPORTED OVER 550 ENTREPRENEURS THROUGH A WIDE ARRAY OF EVENTS AND RESOURCES.

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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 $1,347,353

Program Service Revenue $166,423

Investment Income $1,708,187

Other Revenue $2,232,721

TOTAL REVENUE $5,454,684

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,915,977

Fundraising Expenses $0

Other Expenses $2,362,669

TOTAL EXPENSES $5,278,646

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,454,684	$6,321,275	-0.1%
Expenses	$5,278,646	$7,416,538	-0.3%
Net Income	$176,038	$-1,095,263	-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

Employees

Volunteers

113

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

$1,169,777

Total Directors

$460,270

Key Employees

$688,892

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL SCHUTZLER	CHIEF EXECUTIVE OFFICER	14.00	Officer Director	$422,571	$37,699	$460,270
DAVE COTTER	BOARD CHAIR, EXEC. COMMITTEE	0.50	Officer Director	$0	$0	$0
KRAIG BAKER	SECRETARY, EXEC. COMMITTEE	0.50	Officer Director	$0	$0	$0
MICHELLE FERRIS	TREASURER, EXEC. COMMITTEE	0.50	Officer Director	$0	$0	$0
KRISTEN FORESKI	VICE CHAIR, EXEC. COMM THRU 06/24	0.50	Officer Director	$0	$0	$0
RANDA MINKARAH	VICE CHAIR, EXEC. COMM FROM 10/24	0.20	Officer Director	$0	$0	$0
GIL WOOTEN	DIRECTOR	0.20	Director	$0	$0	$0
CHARLES KNUTSON	DIRECTOR	0.20	Director	$0	$0	$0
COLLEEN KERR	DIRECTOR	0.20	Director	$0	$0	$0
NATHAN GARNETT	DIRECTOR	0.20	Director	$0	$0	$0
LEN JORDAN	DIRECTOR	0.20	Director	$0	$0	$0
ALEX PIESTCH	DIRECTOR	0.20	Director	$0	$0	$0
SHWETAK PATEL	DIRECTOR	0.20	Director	$0	$0	$0
MICHAEL REESE	DIRECTOR	0.20	Director	$0	$0	$0
DAVE PARKER	DIRECTOR	0.20	Director	$0	$0	$0
DAN WAGGONER	DIRECTOR, EXEC. COMMITTEE THRU 08/24	0.20	Director	$0	$0	$0
ZACH CARTENSEN	DIRECTOR THRU 08/24	0.20	Director	$0	$0	$0
RAINER GALWICK	DIRECTOR THRU 08/24	0.20	Director	$0	$0	$0
KELLY K FUKAI	CHIEF OPERATING OFFICER	40.00	Officer	$222,672	$24,945	$247,617
ROBERT TE WINKEL	CHIEF FINANCIAL OFFICER	20.20	Officer	$198,693	$23,277	$221,970
NAOTO ONISHI	CONTROLLER, WTIA, HRBI	40.00	Officer	$149,418	$27,449	$176,867
YOLANDA CHASE	CHIEF DIVERSITY OFFICER THRU 01/24	40.00	Officer	$61,718	$1,335	$63,053
BELINDA G NIEVES	VP, HUMAN RESOURCES	40.00	Key Emp	$221,242	$20,138	$241,380
LAURIE FRANCES BRINKLY	CHIEF OF STAFF	40.00	Key Emp	$193,094	$28,380	$221,474
KRISTINA MINEAR	DIRECTOR OF PARTNERSHIPS	40.00	Key Emp	$199,865	$26,173	$226,038
APRIL HOUSE	PRESIDENT HR BENEFITS INC	1.00	Highest	$511,516	$10,887	$522,403
NICHOLAS REID ELLINGSON	DIRECTOR OF PRODUCTS	40.00	Highest	$145,998	$16,479	$162,477
HYUN-JIN SONG	FULL STACK DEVELOPER	40.00	Highest	$121,994	$20,353	$142,347
TERRANCE STEVENSON	DIRECTOR, SEACITI	40.00	Highest	$121,346	$10,528	$131,874
VERA PANASIUK	ACCOUNTING MANAGER	40.00	Highest	$116,159	$26,700	$142,859

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	$5,454,684	$5,278,646	$809,207	$176,038
2023	$6,321,275	$7,416,538	$775,244	$-1,095,263
2022	$6,802,195	$6,957,904	$969,897	$-155,709
2021	$5,261,657	$5,457,335	$1,165,287	$-195,678
2020	$4,844,549	$4,923,076	$883,252	$-78,527
2019	$4,433,885	$4,392,776	$1,025,108	$41,109
2018	$3,322,844	$3,308,088	$929,173	$14,756

WASHINGTON TECHNOLOGY INDUSTRY ASSOCIATION