THE SURETY & FIDELITY ASSOCIATION OF AMERICA (EIN 260003391) - 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

2001

Legal Domicile

Principal Officer

RYAN C WORK

Phone

2024630600

Tax Period

2024-01-01 to 2024-12-31

THE SURETY & FIDELITY ASSOCIATION OF AMERICA, founded in 2001, is a community nonprofit in the Mutual Benefit sector that reported $6.0M in total revenue in fiscal year 2024. Expenses of $5.6M left a modest 5% surplus.

Mission

PERFORMS A LEADERSHIP ROLE IN PROMOTING AND PRESERVING THE USE OF FIDELITY AND SURETY BONDS TO PROTECT PUBLIC AND PRIVATE INTERESTS.

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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 $5,676,386

Investment Income $251,182

Other Revenue $31,050

TOTAL REVENUE $5,958,618

Expense Breakdown

Grants Paid $250

Salaries & Benefits $3,675,468

Fundraising Expenses $0

Other Expenses $1,960,861

TOTAL EXPENSES $5,636,579

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,958,618	$5,909,613	+0.0%
Expenses	$5,636,579	$5,485,116	+0.0%
Net Income	$322,039	$424,497	-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

500

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

$1,320,853

Total Directors

Key Employees

$545,651

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL KEIMIG	CHAIR	0.50	Officer Director	$0	$0	$0
ROBERT RANEY	VICE CHAIR (TO 2024)	0.50	Officer Director	$0	$0	$0
STEPHEN RUSCHAK	VICE CHAIR	0.50	Officer Director	$0	$0	$0
BOB MURRAY	PAST CHAIR	0.50	Officer Director	$0	$0	$0
ANTONIO ALBANESE	DIRECTOR	0.50	Director	$0	$0	$0
KEN BEARLEY	DIRECTOR	0.50	Director	$0	$0	$0
RICK CIULLO	DIRECTOR	0.50	Director	$0	$0	$0
BRYCE GRISSOM	DIRECTOR (FROM 2024)	0.50	Director	$0	$0	$0
JOHN GUGLIELMO	DIRECTOR	0.50	Director	$0	$0	$0
STEPHEN HANEY	DIRECTOR	0.50	Director	$0	$0	$0
JAMES KAWIECKI	DIRECTOR	0.50	Director	$0	$0	$0
MATTHEW LUBIN	DIRECTOR	0.50	Director	$0	$0	$0
TIM MIKOLAJEWSKI	DIRECTOR	0.50	Director	$0	$0	$0
CHRIS NOLAN	DIRECTOR (FROM 2024)	0.50	Director	$0	$0	$0
ALAN PAVLIC	DIRECTOR	0.50	Director	$0	$0	$0
SHARON SIMS	DIRECTOR	0.50	Director	$0	$0	$0
GARY STUMPER	DIRECTOR	0.50	Director	$0	$0	$0
LARRY TAYLOR	DIRECTOR	0.50	Director	$0	$0	$0
JOHN WELCH	DIRECTOR	0.50	Director	$0	$0	$0
MIKE ZURCHER	DIRECTOR	0.50	Director	$0	$0	$0
RYAN WORK	PRESIDENT & CEO (FROM 2024)	50.00	Officer	$524,804	$27,726	$552,530
JULIE ALLEYNE	VP, POLICY; GEN COUNSEL, SECR-TREASURER	45.00	Officer	$321,817	$77,737	$399,554
PETER ROTH	VP, STRAT COMM, MKT, & RESEARCH	40.00	Officer	$311,643	$57,126	$368,769
WILLIAM HEINBOKEL	DIR, FIDELITY & REG COMPLIANCE	40.00	Key Emp	$238,333	$50,670	$289,003
ADAM D BRACKEMYRE	VP, GOVERNMENT AFFAIRS	40.00	Key Emp	$210,046	$46,602	$256,648
PAUL J WISCHER	DIR, POLICY & ASST GENERAL COUNSEL	40.00	Highest	$175,567	$53,416	$228,983
EDWARD O'DONNELL	MGR, STATISTICAL	40.00	Highest	$154,612	$56,508	$211,120
BRIAN MUHLBACH	DR, MKT & COMMUNICATIONS	40.00	Highest	$152,939	$31,670	$184,609
ALAN CLARK	ACTUARY	40.00	Highest	$152,233	$51,253	$203,486
ZACHARY LEVINE	SR MGR, MKT & COMMUNICATIONS	40.00	Highest	$129,867	$25,813	$155,680

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	$5,958,618	$5,636,579	$6,796,766	$322,039
2023	$5,909,613	$5,485,116	$7,042,514	$424,497
2022	$5,464,282	$5,294,883	$6,599,686	$169,399
2021	$5,463,554	$5,018,974	$6,311,945	$444,580
2020	$5,522,533	$5,321,753	$6,450,866	$200,780
2019	$5,576,337	$4,737,050	$6,210,440	$839,287
2018	$5,180,428	$4,982,126	$5,459,577	$198,302

THE SURETY & FIDELITY ASSOCIATION OF AMERICA