ITI Foundation Career School Crewtek

EIN: 921926974 501(c)(3) Education

Woodland, WA

Total Revenue
$611,698
Total Expenses
$1,295,109
Total Assets
$182,868
Net Assets
$-683,411
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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
2023
Legal Domicile
WA
Principal Officer
Zachary Parnell
Phone
3609214214
Tax Period
2023-01-01 to 2023-12-31

ITI Foundation Career School Crewtek, founded in 2023, is a small nonprofit in the Education sector that reported $612K in total revenue in fiscal year 2023. Expenses of $1.3M exceeded revenue, resulting in a 112% operating deficit.

Mission

The Organization is an eight week trade school designed to provide skills, hands-on experience, and job placement assistance to launch a rewarding career in the crane, rigging and equipment industry.

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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 (2023)

Revenue Breakdown

Contributions & Grants $600,000
Program Service Revenue $11,698
Investment Income $0
Other Revenue $0
TOTAL REVENUE $611,698

Expense Breakdown

Grants Paid $0
Salaries & Benefits $602,102
Fundraising Expenses $0
Program Expenses $1,295,109
Other Expenses $693,007
TOTAL EXPENSES $1,295,109

Year-over-Year Comparison

2023 2022 Change
Revenue $611,698 N/A N/A
Expenses $1,295,109 N/A N/A
Net Income $-683,411 N/A N/A
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
3
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
0
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Zachary Parnell Board Member 0.00
Director
$0 $0 $0
Jeff Latture Board Member 0.00
Director
$0 $0 $0
Andie Ray Board Member 0.00
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
2023 $611,698 $1,295,109 $182,868 $-683,411
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