CHIMNEY SAFETY INSTITUTE OF AMERICA INC (EIN 222473390) - 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

1983

Legal Domicile

Principal Officer

BILL WALD

Phone

3178371500

Tax Period

2023-09-01 to 2024-08-31

CHIMNEY SAFETY INSTITUTE OF AMERICA INC, founded in 1983, is a community nonprofit that reported $1.6M in total revenue in fiscal year 2023. Expenses of $2.2M exceeded revenue, resulting in a 40% operating deficit.

Mission

PROVIDE THE HIGHEST STANDARD OF EDUCATION AND RESOURCES TO ADVANCE THE KNOWLEDGE OF INDUSTRY PROFESSIONALS FOR THE BENEFIT OF THE PUBLIC.

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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 $0

Program Service Revenue $1,534,077

Investment Income $42,678

Other Revenue $0

TOTAL REVENUE $1,576,755

Expense Breakdown

Grants Paid $10,930

Salaries & Benefits $9,550

Fundraising Expenses $0

Program Expenses $1,880,956

Other Expenses $2,187,720

TOTAL EXPENSES $2,208,200

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,576,755	$1,529,455	+0.0%
Expenses	$2,208,200	$2,057,382	+0.1%
Net Income	$-631,445	$-527,927	+0.2%

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

$3,100

Total Directors

$6,450

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TOMMY NELMS	PAST CHAIRMAN	1.00	Director	$0	$0	$0
ANTHONY VALERIO	DIRECTOR	1.00	Director	$0	$0	$0
JOHN BENTLEY	DIRECTOR	1.00	Director	$6,450	$0	$6,450
ROBERT ORNELAS	DIRECTOR	1.00	Director	$0	$0	$0
CALVIN RALLS	DIRECTOR	1.00	Director	$0	$0	$0
JACK WACHSMANN	DIRECTOR	1.00	Director	$0	$0	$0
JOHN CEASER	CHAIRMAN	1.00	Officer	$3,100	$0	$3,100
AVERY SODERMAN	TREASURER	1.00	Officer	$0	$0	$0
JESSE DOUCETTE	CHAIRMAN - ELECT	1.00	Officer	$0	$0	$0
LOU CURLEY	SECRETARY	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	No data	No data	No data	No data
2024	$1,576,755	$2,208,200	$1,631,558	$-631,445
2023	$1,529,455	$2,057,382	$2,592,784	$-527,927
2022	$1,662,591	$1,761,950	$3,117,710	$-99,359
2021	$1,681,753	$1,511,187	$3,179,694	$170,566
2020	$1,379,141	$1,127,010	$3,002,599	$252,131
2019	$1,467,092	$1,016,406	$2,651,553	$450,686

CHIMNEY SAFETY INSTITUTE OF AMERICA INC