Washington Title Insurance Rating Organization
- Assets
- $124.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Seattle, WA
- Founding
- 11/2019
- Data as of
- 12/2022
- EIN
- 83-3784632
Organization Overview
Washington Title Insurance Rating Organization is located in Seattle, WA. The organization was established in 2019. According to its NTEE Classification (Y03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Mutual & Membership Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Washington Title Insurance Rating Organization is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2022, Washington Title Insurance Rating Organization generated $110.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (20.5%) each year. All expenses for the organization totaled $31.0k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (13.9%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
THIS ORGANIZATION WAS FORMED AND IS LICENSED BY THE INSURANCE COMMISSIONER OF THE STATE OF WASHINGTON, TO ACT AS A RATING ORGANIZATION AS DEFINED IN TITLE 48, CHAPTER 29 OF THE REVISED CODE OF WASHINGTON (CHAPTER 48.29 RCW). THE SOLE PURPOSE OF THE ORGANIZATION IS TO ACT AS A RATING ORGANIZATION AS DEFINED IN CHAPTER 48.29 RCW. THE ORGANIZATION WILL ADOPT OR CREATE TITLE INSURANCE FORMS (INCLUDING FORMS OF POLICY AND ENDORSEMENT), TITLE INSURANCE RATES, MANUALS OF RULES AND RATES, RATING PLANS, RATE SCHEDULES, MINIMUM RATES, AND RATING RULES FOR USE BY TITLE INSURANCE COMPANIES IN THE STATE OF WASHINGTON. THE ORGANIZATION WILL FILE RATES AND FORMS ON BEHALF OF ITS MEMBERS AND SUBSCRIBERS WITH THE WASHINGTON INSURANCE COMMISSIONERS OFFICE PURSUANT TO RCW 48.29.147(8).
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Valerie Jahn Grandin Director | 0.5 | $0 | |
Matthew London Director | 0.5 | $0 | |
John Jones Director | 0.5 | $0 | |
Chris Rollins Director | 0.5 | $0 | |
Matthew J Ryden Director | 0.5 | $0 | |
Erin Stines Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $110,000 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $110,000 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $31,038 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $0 |
| Total expenses | $31,038 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $124,945 |
| Other assets | $0 |
| Total assets | $124,945 |
| Total liabilities | $0 |
| Net assets or fund balances | $124,945 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Oregon Solar Energy Industries Association Portland, OR | $124,544 | $371,232 |
Oregon Health And Fitness Alliance Tualatin, OR | $56,001 | $0 |
Portland Association Of Health Underwriters Portland, OR | $66,502 | $0 |
Washington Title Insurance Rating Organization Seattle, WA | $124,945 | $0 |
Clark County Dental Society Vancouver, WA | $165,308 | $0 |