SECURITY PLUS FINANCIAL CORPORATION (EIN 161637021) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2002

Legal Domicile

Phone

8012649130

Tax Period

2024-01-01 to 2024-12-31

SECURITY PLUS FINANCIAL CORPORATION, founded in 2002, is a micro nonprofit in the Mutual Benefit sector that reported $65K in total revenue in fiscal year 2024. Revenue decreased 13% compared to the prior year. The organization ran a surplus of $19K, a strong 29% operating margin.

Mission

PROVIDED A FINANCIAL GUARANTEE PROGRAM FOR MEMBERS OF THE ORGANIZATION SUBSTANTIALLY AT COST.

🔒

Trantor Score

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

Sign in to view Trantor Score and financial metrics

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

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $27,881

Investment Income $35,342

Other Revenue $2,000

TOTAL REVENUE $65,223

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $32,526

Other Expenses $13,812

TOTAL EXPENSES $46,338

Year-over-Year Comparison

	2024	2023	Change
Revenue	$65,223	$74,939	-0.1%
Expenses	$46,338	$16,957	+1.7%
Net Income	$18,885	$57,982	-0.7%

Key Indicators

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

🔒

Financial Health Indicators

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

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Governance

Voting Members

Independent Members

Employees

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JINSOON KIM	DIRECTOR	5.00	Director	$0	$0	$0
STUART GREGORY	DIRECTOR	5.00	Director	$0	$0	$0
BARRY BOLLINGER	DIRECTOR	5.00	Director	$0	$0	$0
VIJAY ANAND	DIRECTOR	5.00	Director	$0	$0	$0
GIVI KARCHAVA	DIRECTOR	5.00	Director	$0	$0	$0
JASON FOWLER	DIRECTOR	5.00	Officer Director	$0	$0	$0
DAVE LUCIA	CHAIRMAN	5.00	Officer	$0	$0	$0
DAVID COOK	VP/TREASURER	5.00	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	$65,223	$46,338	$928,118	$18,885
2023	$74,939	$16,957	$909,233	$57,982
2022	$42,280	$13,489	$851,251	$28,791
2021	$66,007	$3,909	$867,649	$62,098
2020	$61,419	$3,223	$760,362	$58,196
2019	$100,047	$42,844	$702,166	$57,203
2018	$86,513	$23,820	$644,963	$62,693

SECURITY PLUS FINANCIAL CORPORATION