NORTH TEXAS ALARM ASSOCIATION

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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

2006

Legal Domicile

Principal Officer

Mitch Reitman

Phone

2143156232

Tax Period

2023-10-01 to 2024-09-30

NORTH TEXAS ALARM ASSOCIATION, founded in 2006, is a micro nonprofit in the Community Improvement sector that reported $6K in total revenue in fiscal year 2023. Revenue fell 63% from the prior year — a significant decline worth monitoring. Expenses of $23K exceeded revenue, resulting in a 322% operating deficit.

Mission

The organization provides member training and education to employees of alarm companies to maintain licensing compliance.

Program Service Accomplishments

Program 1

Expenses: $2,685 Revenue: $50

Educate and inform members and government officials regarding issues affecting the security and fire alarm industry.

Program 2

Expenses: $5,000

Scholarship to Child of First Responder, this activity supports our cause.Contribution to FARA for false alarm prevention, this activity supports our cause.

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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 $9,898

Program Service Revenue $50

Investment Income $1,940

Other Revenue $-6,341

TOTAL REVENUE $5,547

Expense Breakdown

Grants Paid $6,500

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $7,685

Other Expenses $16,905

TOTAL EXPENSES $23,405

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,547	$15,048	-0.6%
Expenses	$23,405	$18,731	+0.2%
Net Income	$-17,858	$-3,683	+3.8%

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

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	Role	Reportable Comp	Other Comp	Total
Duane Snyder	Associate Director	Director	$0	$0	$0
Ernest McCoy	Director	Director	$0	$0	$0
Tynean Johnson	Director	Director	$0	$0	$0
JOhnny Lopez	Director	Director	$0	$0	$0
Earl Edwards	President	Officer	$0	$0	$0
Andy Rodrriguez	Vice President	Officer	$0	$0	$0
Colleen Salone	Secretary	Officer	$0	$0	$0
Mitch Reitman	Treasurer	Officer	$0	$0	$0
Sam Pieczynski	Past President	Officer	$0	$0	$0
Kathy Perdue	Assistant Secretary	Officer	$0	$0	$0
Jennifer Pickler	Assistant Tresurer	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	$5,547	$23,405	$186,998	$-17,858
2023	$15,268	$18,731	$221,556	$-3,463
2022	$18,685	$19,208	$225,018	$-523
2021	$17,247	$15,137	$225,541	$2,110
2020	$14,840	$13,445	$223,437	$1,395
2019	$27,272	$24,799	$222,036	$2,473
2018	$31,830	$22,123	$219,877	$9,707