NORTH AMERICAN SECURITY PRODUCTS O… - Form 990 Financial Data

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2002

Legal Domicile

Principal Officer

JIM TREGO

Phone

2026081322

Tax Period

2023-01-01 to 2023-12-31

NORTH AMERICAN SECURITY PRODUCTS ORGANIZATION, founded in 2002, is a small nonprofit in the Community Improvement sector that reported $279K in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion.

Mission

TO DEVELOP NATIONAL AND INTERNATIONAL SECURITY STANDARDS; SUPPORT THOSE STANDARDS THROUGH EDUCATION, AUDITING, AND CERTIFICATION.

Program Service Accomplishments

Program 1

THE ORGANIZATION PROVIDES PROFESSIONAL DEVELOPMENT AND SECURITY STANDARDS TRAINING, HOLDS GENERAL MEETINGS AND PROVIDES NETWORKING OPPORTUNITIES TO SECURITY PROVIDERS, BRAND OWNERS AND TECHNOLOGY...

THE ORGANIZATION PROVIDES PROFESSIONAL DEVELOPMENT AND SECURITY STANDARDS TRAINING, HOLDS GENERAL MEETINGS AND PROVIDES NETWORKING OPPORTUNITIES TO SECURITY PROVIDERS, BRAND OWNERS AND TECHNOLOGY PROVIDERS. THE ORGANIZATION ALSO PROVIDES PRE-AUDIT CONSULTING, SECURITY ASSURANCE AUDITING, AND CERTIFICATION.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $279,032

Investment Income $12

Other Revenue $0

TOTAL REVENUE $279,044

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $299,208

TOTAL EXPENSES $299,208

Year-over-Year Comparison

	2023	2022	Change
Revenue	$279,044	$250,501	+0.1%
Expenses	$299,208	$258,857	+0.2%
Net Income	$-20,164	$-8,356	+1.4%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✓ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DENNIS KALLELIS	DIRECTOR	0.25	Director	$0	$0	$0
TONY ORSELLO	DIRECTOR	0.25	Director	$0	$0	$0
ROBERT SHERWOOD	DIRECTOR	0.25	Director	$0	$0	$0
KELLY SMITH	DIRECTOR	0.25	Director	$0	$0	$0
JIM TREGO	CHAIRMAN	6.00	Officer Director	$0	$0	$0
MIKE CAFFREY	VICE CHAIRMA	6.00	Officer Director	$0	$0	$0
GARY WHITE	SECRETARY	2.50	Officer Director	$0	$0	$0
WILLIAM MAHONEY	TREASURER	10.00	Officer Director	$0	$0	$0
MICHAEL O'NEIL	PRESIDENT	30.00	Officer Director	$0	$0	$0
TIM BROCK LEFT JUNE 2023	PAST CHAIRMA	6.00	Officer Director	$0	$0	$0
LISA IVEY LEFT JUNE 2023	PAST VICE CH	6.00	Officer Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	No data	No data	No data	No data
2023	$279,044	$299,208	$146,832	$-20,164
2022	$250,501	$258,857	$114,614	$-8,356
2021	$248,061	$207,424	$148,423	$40,637
2020	$245,091	$194,527	$98,296	$50,564
2019	$249,348	$275,716	$49,067	$-26,368
2018	$292,472	$300,569	$148,907	$-8,097

NORTH AMERICAN SECURITY PRODUCTS ORGANIZATION