Lxi Consortium Inc C/o Vital Technical Marketing Inc
Nonprofit profile at a glance
- EIN
- 270107583
- IRS 990-EZ coverage
- 2023–2024
- Forms available
- Form 990-EZ 2024
- Location
- Beaverton, OR, USA
- Phone
- 5036190505
- Rating confidence
- Limited
- Sector
- Chambers of Commerce & Business Leagues
Reported finances
- Revenue
- $148,338
- Expenses
- $66,432
- Assets
- $185,262
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
5 people listed
Executive titles in this filing
- STEVE SCHINK (PRESIDENT)
People named in this filing
- STEVE SCHINK (PRESIDENT)
- TOM SARFI (SECRETARY)
- NATHAN HENDERSON (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
The primary purpose of the lxi consortium is to promote the development and adoption of open, accessible standards, specifications and solutions relating to the functional test, measurement and data acquisition industry ("specifications"); to promote such specifications worldwide; to provide for testing and conformity assessment of implementations in order to ensure and/or facilitate compliance with specifications; to operate a branding program based upon distinctive trademarks to create high customer awareness of, demand for, and confidence in products designed in compliance with specifications; and to undertake such other activities as may from time to time be appropriate to further the purposes and achieve the goals set forth above.
What it reported doing in 2024
A)development, maintenance, and promotion of the lxi standard. B)development of an lxi reference design for lxi consortium members use. C)addition of increased security measures for lxi instrumentation in the lxi specifications.
Operating model
- Revenue model
- Membership-supported. 100% of the money available for current operations came from membership dues.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.
Rating breakdown
- Financial Efficiency: NotEnoughData
- Transparency & Controls: 82
- Sustainability: 78
- Growth: 20
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 55.2%; rating input score 94; 94th percentile among comparable filings
- Total-asset coverage ratio: 2.79; rating input score 88; 88th percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: -13.3% per year; rating input score 0; 3rd percentile among comparable filings
- Asset growth: 56.8% per year; rating input score 100; 95th percentile among comparable filings
Details
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment
- Leadership: top reported pay $0 · 5 people listed
- Consistency: 5 of 5 current checks pass
- Schedules: 2 filed schedules
- Filing history: 2 filing years from 2023 to 2024
- Contacts: How to reach this organization
- 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 — Growth: Revenue growth scored 0/100.