Security Hardware Distributors Association Inc (EIN 112301434) - Form 990 Financial Analysis & Trantor Score

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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

1973

Legal Domicile

Phone

2022070908

Tax Period

2024-01-01 to 2024-12-31

Security Hardware Distributors Association Inc, founded in 1973, is a small nonprofit that reported $473K in total revenue in fiscal year 2024. Revenue surged 22% from the prior year, signaling strong growth momentum.

Mission

Provide a forum for membership training, education & communication

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $448,654

Investment Income $11,341

Other Revenue $13,169

TOTAL REVENUE $473,164

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $410,987

Other Expenses $482,950

TOTAL EXPENSES $482,950

Year-over-Year Comparison

	2024	2023	Change
Revenue	$473,164	$388,577	+0.2%
Expenses	$482,950	$419,799	+0.2%
Net Income	$-9,786	$-31,222	-0.7%

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
Mark Johnston	Director	1.00	Director	$0	$0	$0
Michael Pagano	Director	1.00	Director	$0	$0	$0
Lance Johnsen	President	1.00	Officer	$0	$0	$0
William Weaver	Treasurer	1.00	Officer	$0	$0	$0
Robert Justen	Past President	1.00	Officer	$0	$0	$0
Charles Weaver	Vice President	1.00	Officer	$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	$473,164	$482,950	$691,287	$-9,786
2023	$388,577	$419,799	$696,389	$-31,222
2022	$348,843	$345,899	$766,219	$2,944
2021	$298,709	$297,995	$765,342	$714
2020	$164,264	$139,615	$756,372	$24,649
2019	$390,551	$379,749	$710,377	$10,802
2018	$414,305	$316,933	$696,018	$97,372

Security Hardware Distributors Association Inc