Land Title Institute Inc
Nonprofit profile at a glance
- EIN
- 521189041
- IRS 990-EZ coverage
- 2019–2024
- Forms available
- Form 990-EZ 2024, Form 990-N 2015
- Location
- Washington, DC, USA
- Phone
- 2022963671
- Rating
- 36
- Verdict
- REVIEW
- Rating confidence
- Moderate
- Sector
- Chambers of Commerce & Business Leagues
Reported finances
- Revenue
- $25,871
- Expenses
- $49,547
- Assets
- $474,474
- Liabilities
- $68,612
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
12 people listed
Executive titles in this filing
- RICHARD H WELSHONS (PRESIDENT)
- DAVID TOWNSEND (PRESIDENT-ELECT)
- DON KENNEDY (IMMEDIATE PAST PRESIDENT)
- JACK RATTIKIN III (IMMEDIATE PAST PRESIDENT (TO OCT '2)
People named in this filing
- RICHARD H WELSHONS (PRESIDENT)
- DAVID TOWNSEND (PRESIDENT-ELECT)
- DON O'NEIL (TREASURER)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To provide educational courses and materials to individuals in the land title industry.
What it reported doing in 2024
Alta's land title institute (lti) is the educational subsidiary of the american land title association. Lti started with one correspondence course over 30 years ago and has evolved into an organization which offers comprehensive title industry training for everyone in your operation.
Operating model
- Revenue model
- Earned-program. 100% of the money available for current operations came from fees and other program revenue.
- Distribution model
- No current program activity. The filing reports no program spending for the current year.
The verdict
REVIEW - The filed numbers largely add up. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 0
- Transparency & Controls: 82
- Sustainability: 39
- Growth: 20
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 0%; rating input score 0
- Program expense ratio: 0%; rating input score 0
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: -91.5%; rating input score 8; 8th percentile among comparable filings
- Total-asset coverage ratio: 9.58; rating input score 92; 92nd percentile among comparable filings
- Liabilities to assets ratio: 0.14; rating input score 16; 16th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: -2% per year; rating input score 0; 43rd percentile among comparable filings
- Asset growth: 3.9% per year; rating input score 100; 54th percentile among comparable filings
Details
- Where the money goes: 0% of revenue deployed · 0% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment
- Leadership: top reported pay $0 · 12 people listed
- Consistency: 8 of 8 current checks pass
- Schedules: 2 filed schedules
- Filing history: 5 filing years from 2019 to 2024
- Contacts: How to reach this organization
- Related organizations: Filed and resolved organization relationships.
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Financial Efficiency: Mission deployment rate scored 0/100.
- High — Financial Efficiency: Program expense ratio scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Operating margin scored 8/100.
- High — Sustainability: Liabilities to assets ratio scored 16/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.