SECURITY INDUSTRY ALARM COALITION

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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

Stan Martin

Phone

9723779401

Tax Period

2023-01-01 to 2023-12-31

SECURITY INDUSTRY ALARM COALITION, founded in 2002, is a small nonprofit in the Community Improvement sector that reported $643K in total revenue in fiscal year 2023. Revenue decreased 7% compared to the prior year. Expenses of $710K exceeded revenue, resulting in a 10% operating deficit.

Mission

To create a structure for all interested parties to come together under the banner of "Dispatch Reduction and "Alarm Mangement and through a coordinated effort maximize the impact of false dispatch & alarm management across North America by maintaining a liaison with national or state law enforcement leadership, while educating and empowering local alarm communities to proactively foster relationships with law enforcement before a crisis exists.

Program Service Accomplishments

Program 1

Expenses: $47,273

Law Enforcement OutReach - Training/Support - Attend local, state & national law enforcement meetings to share our best practices and model ordinances to help them manage alarm operations. Also...

Law Enforcement OutReach - Training/Support - Attend local, state & national law enforcement meetings to share our best practices and model ordinances to help them manage alarm operations. Also attend council meetings and workshops supporting chiefs and sheriffs by answering questions and sharing knowledge. As a result hundreds of ordinances get modified each year based on our recommendations.

Program 2

Expenses: $579,905

Alarm Management Committee Facilitation - Attend State chiefs of police association meetings to help set-up, manage or facillitate alarm committees made up of chiefs and local/state alarm dealers to help them communicate better and self-regulate (manage) alarm issues. Now have 22 state chiefs committees in place. Once formed we continue to service these committees and recommend joint ordinances to all other law enforcement within the state.

Program 3

Expenses: $2,500

Alarm Dealer Outreach/Training/Ordinance Support - We attend state, local and regional meetings explaining best practices we promote to law enforcement and cooperative efforts required by them to...

Alarm Dealer Outreach/Training/Ordinance Support - We attend state, local and regional meetings explaining best practices we promote to law enforcement and cooperative efforts required by them to support the national effort. Touch hundred if not a thousand or more dealers each year with our outreach

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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 $634,773

Program Service Revenue $0

Investment Income $8,076

Other Revenue $0

TOTAL REVENUE $642,849

Expense Breakdown

Grants Paid $0

Salaries & Benefits $526,176

Fundraising Expenses $5,817

Program Expenses $629,678

Other Expenses $183,883

TOTAL EXPENSES $710,059

Year-over-Year Comparison

	2023	2022	Change
Revenue	$642,849	$689,353	-0.1%
Expenses	$710,059	$668,853	+0.1%
Net Income	$-67,210	$20,500	-4.3%

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

Volunteers

N/A

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

$324,133

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Bob Bonifas	Director	1.00	Director	$0	$0	$0
Brandon Freedman	Director	1.00	Director	$0	$0	$0
Tony Mucci	Director	1.00	Director	$0	$0	$0
Tim Creenan	Chairman	1.00	Director	$0	$0	$0
Holly Borgmann	Director	1.00	Director	$0	$0	$0
Kevin Stone	Director	1.00	Director	$0	$0	$0
Akash Sah	Director	1.00	Director	$0	$0	$0
Jason Lutz	Director	1.00	Director	$0	$0	$0
Doug Bassett	Director	1.00	Director	$0	$0	$0
Mike Picciola	Director	1.00	Director	$0	$0	$0
Stan Martin	Executive Director	40.00	Officer	$189,800	$22,500	$212,300
Steve Keefer	Liaison	55.00	Officer	$110,000	$1,833	$111,833

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	$642,849	$710,059	$480,067	$-67,210
2022	$689,353	$668,853	$547,277	$20,500
2021	$646,919	$632,260	$510,296	$14,659
2020	$777,091	$682,895	$495,637	$94,196
2019	$746,281	$759,832	$401,441	$-13,551
2018	$728,582	$798,301	$414,992	$-69,719