WASHINGTON TECHNOLOGY INDUSTRY ASSOCIATION

EIN: 911427013

ISSAQUAH, WA

Total Revenue
$5,454,684
Total Expenses
$5,278,646
Total Assets
$809,207
Net Assets
$-1,483,375
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1984
Legal Domicile
WA
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

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

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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 $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

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Governance

Voting Members
14
Independent Members
13
Employees
33
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
10
$1,169,777
Total Directors
18
$460,270
Key Employees
3
$688,892
Highest Compensated
5
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
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