SPECIALTY EQUIPMENT WARRANTY ALLIA… - 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

2006

Legal Domicile

Principal Officer

MIKE SPAGNOLA

Phone

9099786707

Tax Period

2024-07-01 to 2025-06-30

SPECIALTY EQUIPMENT WARRANTY ALLIANCE, founded in 2006, is a community nonprofit in the Public & Societal Benefit sector that reported $2.4M in total revenue in fiscal year 2024. Revenue fell 27% from the prior year — a significant decline worth monitoring. Expenses of $3.5M exceeded revenue, resulting in a 46% operating deficit.

Mission

THE SEMA DATA PROGRAM MISSION IS TO SUPPORT THE AFTERMARKET AUTO PRODUCTS INDUSTRY, INCREASE SALES OF SPECIALTY AUTO PARTS AND ACCESSORIES THROUGH THE CREATION OF A UNIVERSAL ADOPTED CENTRALIZED DATA REPOSITORY FOR THE SEMA MARKET, AND TO ENCOURAGE, EDUCATE AND TRAIN SUPPLIERS TO TAKE OWNERSHIP OF, AND MAINTAIN THEIR PRODUCT DATA. THIS IS BEING ACCOMPLISHED WITH THE DESIGN AND IMPLEMENTATION OF A SOPHISTICATED PRODUCT INFORMATION MANAGEMENT SOLUTION (PIMS) THAT INCLUDES COMPREHENSIVE ONLINE TOOLS FOR SUPPLIERS TO ON-BOARD, VALIDATE TO INDUSTRY STANDARDS AND SECURELY STORE AND DISTRIBUTE THEIR PRODUCT DATA, SUPPLEMENTED BY COMPREHENSIVE LIVE HELP DESK SERVICES AS NEEDED. ADDITIONALLY, RECEIVERS OF PRODUCT DATA ARE PROVIDED PRODUCT DATA EXPORTS DESIGNED ESPECIALLY TO THEIR SPECIFIC FORMATTING REQUIREMENTS, AND CAN MANAGE CONTENT, FREQUENCY AND DELIVERY FORMAT OF DATA EXPORTS THROUGH AN ONLINE INTERFACE.

Program Service Accomplishments

Program 1

WILLIAM MILLER AND GEORGE AFREMOW RECEIVED SEVERANCE DURING THE YEAR. DETAILS OF THE AGREEMENT ARE CONFIDENTIAL BUT ARE AVAILABLE UPON REQUEST.

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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 $2,372,366

Investment Income $0

Other Revenue $0

TOTAL REVENUE $2,372,366

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,087,537

Fundraising Expenses $0

Other Expenses $1,376,511

TOTAL EXPENSES $3,464,048

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,372,366	$3,272,142	-0.3%
Expenses	$3,464,048	$3,612,857	0.0%
Net Income	$-1,091,682	$-340,715	+2.2%

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

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

$810,430

Total Directors

Key Employees

$333,318

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KYLE FICKLER	CHAIRMAN	3.00	Officer Director	$0	$0	$0
JAMES LAWRENCE	IMMEDIATE PAST CHAIR & SECRETARY	3.00	Officer Director	$0	$0	$0
MELANIE WHITE	CHAIR ELECT	3.00	Officer Director	$0	$0	$0
TIM MCCARTHY	TREASURER	3.00	Officer Director	$0	$0	$0
RYAN STUTZMAN	CFO	1.00	Officer	$0	$9,692	$193,081
MIKE SPAGNOLA	PRESIDENT & CEO	1.00	Officer	$0	$30,660	$617,349
GIGI HO	VICE PRESIDENT	40.00	Key Emp	$314,920	$18,398	$333,318
KENNETH SHERN	SOFTWARE DEVELOPER	40.00	Highest	$152,331	$12,858	$165,189
ROBERT WATSON	SALES MANAGER	40.00	Highest	$151,248	$7,375	$158,623
DARROW BLAKE	SOFTWARE DEVELOPER	40.00	Highest	$133,516	$11,263	$144,779
STEPHANIE JONES	BUSINESS DIRECTOR	40.00	Highest	$127,415	$7,568	$134,983
DYLAN COPELLA	LEAD SOFTWARE DEVELOPER	40.00	Highest	$125,020	$7,426	$132,446
GEORGE AFREMOW	FORMER VP & CFO	0.00		$0	$39,440	$425,878
WILLIAM MILLER	FORMER SENIOR VP, OPERATIONS	0.00		$0	$0	$217,874

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
2025	$2,372,366	$3,464,048	$176,987	$-1,091,682
2024	$3,272,142	$3,612,857	$555,376	$-340,715
2023	$3,474,236	$3,894,032	$886,439	$-419,796
2022	$3,235,066	$3,554,280	$1,237,816	$-319,214
2021	$4,579,754	$3,063,449	$1,589,903	$1,516,305
2020	$2,715,064	$2,758,934	$102,440	$-43,870
2019	$2,171,939	$2,192,714	$116,171	$-20,775
2018	$10,945,744	$1,987,480	$107,704	$8,958,264

SPECIALTY EQUIPMENT WARRANTY ALLIANCE