Wings the Washington Technology An
Nonprofit profile at a glance
- EIN
- 272259728
- IRS 990-EZ coverage
- 2014–2018
- Forms available
- Form 990-EZ 2018
- Location
- Seattle, WA, USA
- Phone
- 2064569580
- Rating confidence
- Limited
- Sector
- Group Health Practice (Health Maintenance Organizations)
Reported finances
- Revenue
- $62,385
- Expenses
- $44,406
- Assets
- $13,662
Source: IRS Form 990-EZ. Selected filing: tax year 2018. Amounts in USD.
Leadership & pay
15 people listed
People named in this filing
- KY CALDER (BOARD OF DIR)
- ANDY ALBERTSON (BOARD OF DIR)
- JOE GIFFORD (BOARD OF DIR)
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 2018. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Wings is a non-profit angel network that facilitates seed and early stage investments for medical technology companies in Washington state. The mission is to close the gap in early stage funding to accelerate the translation of medical technology innovation from the lab bench to patients. Wings does not provide grant money or invest in companies.
What it reported doing in 2018
Wings provides increased deal flow and rigorous screening of medical technology opportunities. Since inception, wings volunteer screening committee members screened 344 deals, and selected 91 to present in front of angel investors at the investor meetings.
Operating model
- Revenue model
- Donor-supported. 61% of the money available for current operations came from contributions and gifts.
- 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: 52
- Growth: 0
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 28.8%; rating input score 83; 83rd percentile among comparable filings
- Total-asset coverage ratio: 0.31; rating input score 21; 21st percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: -8.6% per year; rating input score 0; 28th percentile among comparable filings
- Asset growth: -44.5% per year; rating input score 0; 4th percentile among comparable filings
Details
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: Filed governance answers
- Accomplishments: 2 filed program accomplishments
- Leadership: top reported pay $0 · 15 people listed
- Consistency: 5 of 5 current checks pass
- Schedules: 1 filed schedules
- Filing history: 5 filing years from 2014 to 2018
- 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.
Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.
- High — Growth: Revenue growth scored 0/100.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Total-asset coverage ratio scored 21/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.
- High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.