NATIONAL ASSOCIATION OF SECURITY C… - 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

1982

Legal Domicile

Principal Officer

JIM MCNULTY

Phone

2023473257

Tax Period

2024-01-01 to 2024-12-31

NATIONAL ASSOCIATION OF SECURITY COMPANIES INC, founded in 1982, is a small nonprofit that reported $747K in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

TO REPRESENT THE COMMON INTERESTS OF THE CONTRACT PRIVATE SECURITY INDUSTRY IN THE U.S.

Program Service Accomplishments

Program 1

Expenses: $322,819

PROVIDED REGULAR AND TIMELY INFORMATION AND ANALYSIS AND OTHER CONTENT TO MEMBERS ON INDUSTRY, LEGAL, REGULATORY, LEGISLATIVE, FEDERAL, STATE, AND LOCAL ISSUES AND TOPICS THAT AFFECT THE BUSINESS...

PROVIDED REGULAR AND TIMELY INFORMATION AND ANALYSIS AND OTHER CONTENT TO MEMBERS ON INDUSTRY, LEGAL, REGULATORY, LEGISLATIVE, FEDERAL, STATE, AND LOCAL ISSUES AND TOPICS THAT AFFECT THE BUSINESS, OPERATIONS AND LICENSING OF PRIVATE SECURITY COMPANIES AND PRIVATE SECURITY OFFICERS.

Program 2

Expenses: $161,410

PUT ON CONFERENCES AND MEETINGS FOR MEMBERS AND OTHERS IN THE INDUSTRY.

Program 3

Expenses: $322,819

INTERFACED IN NUMEROUS WAYS WITH GOVERNMENTAL AND LEGISLATIVE ENTITIES, LEGAL AND BUSINESS ORGANIZATIONS, STATE ASSOCIATIONS, AND OTHER GROUPS ON LEGISLATION, LITIGATION, REGULATION, LICENSING AND...

INTERFACED IN NUMEROUS WAYS WITH GOVERNMENTAL AND LEGISLATIVE ENTITIES, LEGAL AND BUSINESS ORGANIZATIONS, STATE ASSOCIATIONS, AND OTHER GROUPS ON LEGISLATION, LITIGATION, REGULATION, LICENSING AND OTHER ISSUES OF IMPORTANCE TO CONTRACT SECURITY COMPANIES.

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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 $716,918

Investment Income $30,006

Other Revenue $0

TOTAL REVENUE $746,924

Expense Breakdown

Grants Paid $0

Salaries & Benefits $356,990

Fundraising Expenses $0

Program Expenses $807,048

Other Expenses $446,448

TOTAL EXPENSES $803,438

Year-over-Year Comparison

	2024	2023	Change
Revenue	$746,924	$684,518	+0.1%
Expenses	$803,438	$685,634	+0.2%
Net Income	$-56,514	$-1,116	+49.6%

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

$322,500

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JIM MCNULTY	CHAIRMAN	2.00	Officer Director	$0	$0	$0
JAMES BOTTOM	SECOND VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
DEBORAH PECCI	TREASURER	1.00	Officer Director	$0	$0	$0
EDDIE SORRELLS	FIRST VICE CHAIR	1.00	Officer Director	$0	$0	$0
CHRIS AUSTIN	SECRETARY	1.00	Officer Director	$0	$0	$0
LEON BERESFORD	THIRD VICE CHAIR	1.00	Officer Director	$0	$0	$0
STEVE AMITAY	EXECUTIVE DIRECTOR	20.00	Officer	$322,500	$0	$322,500

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	$746,924	$803,438	$840,326	$-56,514
2023	$684,518	$685,634	$898,698	$-1,116
2022	$675,013	$682,040	$902,261	$-7,027
2021	$549,846	$495,839	$898,685	$54,007
2020	$650,206	$556,342	$860,835	$93,864
2019	$628,862	$610,806	$756,466	$18,056
2018	$636,596	$637,392	$740,215	$-796

NATIONAL ASSOCIATION OF SECURITY COMPANIES INC