INTERNATIONAL LEGAL TECHNOLOGY 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

1985

Legal Domicile

Principal Officer

JOY HEATH RUSH

Phone

3125334110

Tax Period

2024-01-01 to 2024-12-31

INTERNATIONAL LEGAL TECHNOLOGY ASSOCIATION, founded in 1985, is a mid-sized nonprofit in the Community Improvement sector that reported $15.1M in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. The organization ran a surplus of $2.9M, a strong 19% operating margin.

Mission

ILTA IS THE TRUSTED RESOURCE COMMUNITY FOR LEGAL TECHNOLOGISTS, PROVIDING EDUCATION AND PEER CONNECTIONS.

Program Service Accomplishments

Program 1

Expenses: $6,156,358 Revenue: $10,639,425

CONFERENCES: THE CONFERENCE EVENTS PROVIDE EDUCATIONAL SESSIONS, NETWORKING OPPORTUNITIES, EXPOSURE TO BUSINESS PARTNER PRODUCT OFFERINGS, AND PROFESSIONAL DEVELOPMENT TO ATTENDEES. IN ADDITION TO AN ANNUAL MULTI-DAY EVENT WITH LARGE SCOPE, MANY SPECIALTY EVENTS, ROADSHOWS, AND LOCAL NETWORKING MEETINGS PROVIDE VALUE TO ILTA'S MEMBERS THROUGHOUT THE YEAR.

Program 2

Revenue: $50,002

ADVERTISING: ILTA OFFERS AN ARRAY OF DIGITAL PUBLICATIONS, WEBSITES, AND OTHER FORMS OF COMMUNICATION THAT REACH A LARGE AUDIENCE. ILTA SPONSORS LEVERAGE THESE OFFERINGS BY PURCHASING ADVERTISING...

ADVERTISING: ILTA OFFERS AN ARRAY OF DIGITAL PUBLICATIONS, WEBSITES, AND OTHER FORMS OF COMMUNICATION THAT REACH A LARGE AUDIENCE. ILTA SPONSORS LEVERAGE THESE OFFERINGS BY PURCHASING ADVERTISING SPACE FOR THEIR BRAND MESSAGING TO REACH KEY TECHNOLOGY PROFESSIONALS IN LAW FIRMS AND CORPORATE LEGAL DEPARTMENTS.

Program 3

Revenue: $65,860

PRODUCT SALES: EDUCATIONAL CONTENT IS DELIVERED PRIMARILY VIA ELECTRONIC MEANS, EITHER LIVE OR RECORDED. THERE ARE MANY TYPES OF DIGITAL CONTENT PUBLISHED BY THE ASSOCIATION, AS TECHNOLOGY CHANGES TO SUPPORT NEW WAYS TO DISTRIBUTE CONTENT, ILTA EXPLORES NEW FORMATS FOR THE CONSUMPTION OF CONTENT.

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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 $0

Program Service Revenue $14,676,443

Investment Income $445,501

Other Revenue $0

TOTAL REVENUE $15,121,944

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,429,814

Fundraising Expenses $0

Program Expenses $6,156,358

Other Expenses $7,822,567

TOTAL EXPENSES $12,252,381

Year-over-Year Comparison

	2024	2023	Change
Revenue	$15,121,944	$13,680,169	+0.1%
Expenses	$12,252,381	$10,098,102	+0.2%
Net Income	$2,869,563	$3,582,067	-0.2%

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

350

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

$750,711

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TONY MCKENNA	PRESIDENT	5.00	Officer Director	$0	$0	$0
JULIE BROWN	EXECUTIVE VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
KARA PORTWOOD	SECRETARY	5.00	Officer Director	$0	$0	$0
PAUL WITTEKIND	TREASURER	5.00	Officer Director	$0	$0	$0
CATHERINE MONTE	DIRECTOR	5.00	Director	$0	$0	$0
GARY BERGER	DIRECTOR	5.00	Director	$0	$0	$0
JASON DIRKX	DIRECTOR	5.00	Director	$0	$0	$0
JOY HEATH RUSH	CEO	40.00	Officer	$422,788	$30,860	$453,648
COREY SIMPSON	COO	40.00	Officer	$266,211	$30,852	$297,063
DAWN HUDGINS	VP OF SERVICE DELIVERY	40.00	Highest	$192,874	$20,450	$213,324
CHRISTOPHER HUNT	SR. DIRECTOR OF ADMINISTRATION	40.00	Highest	$170,895	$4,611	$175,506
TYLER HOWES	SR. DIRECTOR OF BUSINESS DEVELOPMENT	40.00	Highest	$152,871	$16,148	$169,019

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	$15,121,944	$12,252,381	$18,368,021	$2,869,563
2023	$13,680,169	$10,098,102	$14,205,217	$3,582,067
2022	$13,630,244	$7,895,616	$10,854,347	$5,734,628
2021	$7,126,395	$5,468,816	$7,069,883	$1,657,579
2020	$4,749,644	$5,801,770	$3,668,426	$-1,052,126
2019	$10,477,718	$13,301,765	$4,084,050	$-2,824,047
2018	$9,452,156	$10,002,889	$6,115,671	$-550,733

INTERNATIONAL LEGAL TECHNOLOGY ASSOCIATION