Civic Intelligence

California Coalition on Workers' Compensation

990 • Fiscal year 2013 • EIN 68-0028696

Jan 01, 2013 to Dec 31, 2013 • Filed on Nov 12, 2014

1415 L Street No 100095814

(916) 446-4656

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

89th percentile

0.45x

Higher debt load relative to assets than 89% of similar nonprofits.

2013 filings • 501(c)6 • <$500k nonprofits • Source year 2013

Liabilities / Revenue

87th percentile

0.26x

Higher debt load relative to revenue than 87% of similar nonprofits.

2013 filings • 501(c)6 • <$500k nonprofits • Source year 2013

Net Margin

34th percentile

-2.8%

Higher net margin than 34% of similar nonprofits.

2013 filings • 501(c)6 • <$500k nonprofits • Source year 2013

Top Officer Pay

67th percentile

$0

Higher top officer pay than 67% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2013 filings • 501(c)6 • <$500k nonprofits • Source year 2013

Asset Growth

48th percentile

2.0%

Faster asset growth than 48% of similar nonprofits.

2013 filings • 501(c)6 • <$500k nonprofits • Annualized from 2012 to 2013

Revenue Growth

74th percentile

16%

Faster revenue growth than 74% of similar nonprofits.

2013 filings • 501(c)6 • <$500k nonprofits • Annualized from 2011 to 2013

Assets

Up

$278,450

Up $5,521 (+2.0%) from 2012

Net Assets

Down

$153,403

Down $13,894 (-8.3%) from 2012

Liabilities

Up

$125,047

Up $19,415 (+18%) from 2012

Revenue

$489,998

No earlier filing loaded for comparison.

Expenses

Up

$503,892

Up $142,212 (+39%) from 2012

Net Income

-$13,894

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$800K$600K$400K$200K$0Assets 2010: $92,784Liabilities 2010: $19,310Net Assets 2010: $73,4742010Assets 2011: $206,581Liabilities 2011: $123,561Net Assets 2011: $83,0202011Assets 2012: $272,929Liabilities 2012: $105,632Net Assets 2012: $167,2972012Assets 2013: $278,450Liabilities 2013: $125,047Net Assets 2013: $153,4032013Assets 2014: $300,780Liabilities 2014: $141,045Net Assets 2014: $159,7352014Assets 2015: $398,808Liabilities 2015: $150,205Net Assets 2015: $248,6032015Assets 2016: $582,984Liabilities 2016: $252,936Net Assets 2016: $330,0482016Assets 2017: $631,751Liabilities 2017: $238,624Net Assets 2017: $393,1272017Assets 2018: $649,602Liabilities 2018: $181,992Net Assets 2018: $467,6102018Assets 2019: $687,631Liabilities 2019: $199,676Net Assets 2019: $487,9552019Assets 2020: $446,003Liabilities 2020: $109,150Net Assets 2020: $336,8532020Assets 2021: $389,177Liabilities 2021: $201,634Net Assets 2021: $187,5432021Assets 2022: $311,764Liabilities 2022: $174,765Net Assets 2022: $136,9992022Assets 2023: $380,930Liabilities 2023: $255,270Net Assets 2023: $125,6602023Assets 2024: $319,963Liabilities 2024: $230,997Net Assets 2024: $88,9662024

Highlighted filing

2013

Assets$278,450
Liabilities$125,047
Net Assets$153,403

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.0M$500K$0-$500KExpenses 2010: $234,4702010Revenue 2011: $366,855Expenses 2011: $357,309Net Income 2011: $9,5462011Expenses 2012: $361,6802012Revenue 2013: $489,998Expenses 2013: $503,892Net Income 2013: -$13,8942013Revenue 2014: $547,548Expenses 2014: $541,216Net Income 2014: $6,3322014Revenue 2015: $596,444Expenses 2015: $507,574Net Income 2015: $88,8702015Revenue 2016: $641,968Expenses 2016: $560,523Net Income 2016: $81,4452016Revenue 2017: $664,824Expenses 2017: $601,745Net Income 2017: $63,0792017Revenue 2018: $694,342Expenses 2018: $619,859Net Income 2018: $74,4832018Revenue 2019: $721,894Expenses 2019: $701,549Net Income 2019: $20,3452019Revenue 2020: $214,150Expenses 2020: $365,252Net Income 2020: -$151,1022020Revenue 2021: $188,760Expenses 2021: $338,070Net Income 2021: -$149,3102021Revenue 2022: $610,235Expenses 2022: $660,778Net Income 2022: -$50,5432022Revenue 2023: $692,642Expenses 2023: $703,981Net Income 2023: -$11,3392023Revenue 2024: $781,557Expenses 2024: $818,250Net Income 2024: -$36,6932024

Highlighted filing

2013

Revenue$489,998
Expenses$503,892
Net Income-$13,894
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
Nov 12, 2014
Return Version
2013v3.0
Gross Receipts
$489,998
Mission and Program Overview

Mission

It is the mission of ccwc to achieve and maintain a a california workers' compensation system that is equitable and efficient for both injured workers and employers.

Forum dedicated to educate industry employees and employers related to workers' compensation insurance.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$270,463$260,906▼ $9,557
Prepaid Expenses and Deferred Charges-$16,944-
Accounts Receivable-$600-
Land, Buildings, and Equipment, Net$0$0→ $0
Total Assets$272,929$278,450▲ $5,521
Other Assets Total$2,466$0▼ $2,466
Liabilities
Deferred Revenue$104,750$98,205▼ $6,545
Accounts Payable and Accrued Expenses$882$26,842▲ $25,960
Total Liabilities$105,632$125,047▲ $19,415
Net Assets / Fund Balance
Unrestricted Net Assets$167,297$153,403▼ $13,894
Total Net Assets Fund Balance$167,297$153,403▼ $13,894
Total Liabilities and Net Assets / Fund Balance$272,929$278,450▲ $5,521

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$0$20,708$20,708
Compensation and Service Providers

Board Members and Trustees

NameTitle
Ken TiratiraChair
Dan NicholsonConference Chair
Jeremy MerzGovernment Affairs Chair
Ann StephensonMembership Chair
Nelson ColvinPresident
Kevin ConfettiVice Chair
Paul SmithDirector , Legislative Aff
Pam MarcumDirector of Claims
Suzanne GuyanDirector of Product Develo
Joel ShermanDirector, Safety & Wc
Martin BradyExecutive Director
Jill DulichSenior Director
Darrell BrownArm Senior VP & Managing D
Antionette SmithAssistant VP
Carolyn HortonCA Wc Regional Manager
MATTHEW O'SHEAHearing Representative
Natasha KarlLegislative Manager
Eraina OrtegaLegislative Rep, Employee
Dan BaganPacific Region Risk Manage
Dorothy RothrockSr VP Government Relations
Michael ShawTreasurer
Keri BaileyVice Pres. Govnt Relations
Matthew SuttonVP of Govnt Affairs & Poli
Cynthia LeonWestern Regional Manager
John RiggsWORKERS' COMP MANAGER

Highest Paid Contractors

ContractorServicesLocationCompensation
Shawyoderantwih INCMangaement And Lobbying-$232,895
Revenue and Support

Revenue Composition

Contributions and Grants
$188,573
Program Service Revenue
$301,425
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-13,894
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$503,892
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management---$232,895
Conferences and Meetings---$142,074
Information Technology---$85,354
Fees for Services Accounting---$6,861
Travel---$3,586
Office Expenses---$3,010
Other Expenses---$1,851
All Other Expenses---$10
Total Functional Expenses$0$0$0$503,892
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
In-house lobbying only
No
Subject to proxy tax
Yes

Reported Spending and Taxes

Line ItemAmount
Current Year Nondeductible Lobbying and Political Cost$47,410
Total Nondeductible Lobbying and Political Cost$47,410
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11

Form 990 is presented to the board at a board meeting prior to filing.

Form 990, Part VI, Section C, Line 19

Documents are made available to the public upon request at the organization main office

Filing and Contact Details

Filer

EIN
68-0028696
Phone
9164464656

Signing Officer

Name
Mr Paul Yoder
Title
Executive Director
Phone
9164464656
Signed
2014-11-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mr Paul Yoder
Formed
1985
Legal Domicile
CA
Voting Board Members
21
Independent Board Members
0
Employees
0
Volunteers
0

Preparer

Preparer
Alison Turner
Phone
9168731492
Raw XML AppendixShowing 400 of 443 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3MEMBERSHIP CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt4GOVERNMENT AFFAIRS CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt5CONFERENCE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt6PACIFIC REGION RISK MANAGE
IRS990/Form990PartVIISectionAGrp/TitleTxt7VICE PRES. GOVNT RELATIONS
IRS990/Form990PartVIISectionAGrp/TitleTxt8EXECUTIVE DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9ARM SENIOR VP & MANAGING D
IRS990/Form990PartVIISectionAGrp/TitleTxt10PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt11SENIOR DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR OF PRODUCT DEVELO
IRS990/Form990PartVIISectionAGrp/TitleTxt13CA WC REGIONAL MANAGER
IRS990/Form990PartVIISectionAGrp/TitleTxt14LEGISLATIVE MANAGER
IRS990/Form990PartVIISectionAGrp/TitleTxt15WESTERN REGIONAL MANAGER
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR OF CLAIMS
IRS990/Form990PartVIISectionAGrp/TitleTxt17LEGISLATIVE REP, EMPLOYEE
IRS990/Form990PartVIISectionAGrp/TitleTxt18HEARING REPRESENTATIVE
IRS990/Form990PartVIISectionAGrp/TitleTxt19WORKERS' COMP MANAGER
IRS990/Form990PartVIISectionAGrp/TitleTxt20SR VP GOVERNMENT RELATIONS
IRS990/Form990PartVIISectionAGrp/TitleTxt21DIRECTOR, SAFETY & WC
IRS990/Form990PartVIISectionAGrp/TitleTxt22ASSISTANT VP
IRS990/Form990PartVIISectionAGrp/TitleTxt23DIRECTOR , LEGISLATIVE AFF
IRS990/Form990PartVIISectionAGrp/TitleTxt24VP OF GOVNT AFFAIRS & POLI
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01985
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedInd00
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt021
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0489998
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt00
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/TotalAmt085354
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt020708
IRS990/LandBldgEquipBasisNetGrp/BOYAmt00
IRS990/LandBldgEquipBasisNetGrp/EOYAmt00
IRS990/LandBldgEquipCostOrOtherBssAmt020708
IRS990/LegalDomicileStateCd0CA
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembershipDuesAmt0188573
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0IT IS THE MISSION OF CCWC TO ACHIEVE AND MAINTAIN A A CALIFORNIA WORKERS' COMPENSATION SYSTEM THAT IS EQUITABLE AND EFFICIENT FOR BOTH INJURED WORKERS AND EMPLOYERS.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0167297
IRS990/NetAssetsOrFundBalancesEOYAmt0153403
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/TotalAmt03010
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt02466
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0WEBSITE
IRS990/OtherExpensesGrp/Desc1BOARD MEETINS
IRS990/OtherExpensesGrp/Desc2MEMBERSHIP PROJECTS
IRS990/OtherExpensesGrp/Desc3CREDIT CARD FEES
IRS990/OtherExpensesGrp/TotalAmt019330
IRS990/OtherExpensesGrp/TotalAmt16854
IRS990/OtherExpensesGrp/TotalAmt22067
IRS990/OtherExpensesGrp/TotalAmt31851
IRS990/PartialLiquidationInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt016944
IRS990/PrincipalOfficerNm0MR PAUL YODER
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0541900
IRS990/ProgramServiceRevenueGrp/BusinessCd1541900
IRS990/ProgramServiceRevenueGrp/BusinessCd2541900
IRS990/ProgramServiceRevenueGrp/Desc0ANNUAL CONFERENCE
IRS990/ProgramServiceRevenueGrp/Desc1WEB & BRAND PROJECT
IRS990/ProgramServiceRevenueGrp/Desc2WORKSHOPS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0298825
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt11600
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt21000
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0298825
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt11600
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt21000
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0173112
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt0361680
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0272845
IRS990/PYRevenuesLessExpensesAmt084277
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0361680
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0445957
IRS990/ReconcilationRevenueExpnssAmt0-13894
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/ScheduleBRequiredInd00
IRS990ScheduleC/AggregateReportedDuesNtcAmt056571
IRS990ScheduleC/AgreeCarryoverPriorYearInd00
IRS990ScheduleC/DuesAssessmentsAmt0188573
IRS990ScheduleC/NonDeductibleLbbyngPltclCYAmt047410
IRS990ScheduleC/NonDeductibleLbbyngPltclTotAmt047410
IRS990ScheduleC/OnlyInHouseLobbyingInd00
IRS990ScheduleC/SubstantiallyAllDuesNondedInd00
IRS990ScheduleC/TaxableAmt0-9161
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt020708
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt020708
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORM 990 IS PRESENTED TO THE BOARD AT A BOARD MEETING PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST AT THE ORGANIZATION MAIN OFFICE
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/SubjectToProxyTaxInd01
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0272929
IRS990/TotalAssetsEOYAmt0278450
IRS990/TotalAssetsGrp/BOYAmt0272929
IRS990/TotalAssetsGrp/EOYAmt0278450
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0188573
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0503892
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0105632
IRS990/TotalLiabilitiesEOYAmt0125047
IRS990/TotalLiabilitiesGrp/BOYAmt0105632
IRS990/TotalLiabilitiesGrp/EOYAmt0125047
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0167297
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0153403
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceRevenueAmt0301425
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0301425
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0489998
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0272929
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0278450
IRS990/TotReportableCompRltdOrgAmt00

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.20$2.31$0.89$7.82$8.18$0.37
2023Summary only. Only limited summary data is available for this year.$3.81$2.55$1.26$6.93$7.04$0.11
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.12$1.75$1.37$6.10$6.61$0.51
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.89$2.02$1.88$1.89$3.38$1.49
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.46$1.09$3.37$2.14$3.65$1.51
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.88$2.00$4.88$7.22$7.02$0.20
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.50$1.82$4.68$6.94$6.20$0.74
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.32$2.39$3.93$6.65$6.02$0.63
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.83$2.53$3.30$6.42$5.61$0.81
2015Detailed filing. Detailed filing data is available for this year.$3.99$1.50$2.49$5.96$5.08$0.89
2014Detailed filing. Detailed filing data is available for this year.$3.01$1.41$1.60$5.48$5.41$0.06
2013Detailed filing. Detailed filing data is available for this year.$2.78$1.25$1.53$4.90$5.04$0.14
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.73$1.06$1.67$3.62
2011Summary only. Only limited summary data is available for this year.$2.07$1.24$0.83$3.67$3.57$0.10
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.93$0.19$0.73$2.34
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2013 filings • 501(c)6 • <$500k nonprofits