SOUTHWESTERN SECTION IMSA INC

EIN: 270093818 Public Safety

FLOWER MOUND, TX

Total Revenue
$439,714
Total Expenses
$585,133
Total Assets
$87,722
Net Assets
$87,722
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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
2004
Legal Domicile
TX
Principal Officer
LUIS GALVEZ
Phone
9725029645
Tax Period
2023-01-01 to 2023-12-31

SOUTHWESTERN SECTION IMSA INC, founded in 2004, is a small nonprofit in the Public Safety sector that reported $440K in total revenue in fiscal year 2023. Expenses of $585K exceeded revenue, resulting in a 33% operating deficit.

Mission

THE ORGANIZATION IS DEDICATED TO PROVIDING QUALITY CERTIFICATION PROGRAMS FOR THE SAFE INSTALLATION, OPERATION AND MAINTENANCE OF PUBLIC SAFETY SYSTEMS, DELIVERING VALUE FOR MEMBERS BY PROVIDING THE LATEST INFORMATION AND EDUCATION IN THE INDUSTRY.

Program Service Accomplishments

Program 1

SOUTHWESTERN SECTION IMSA, INC. SEEKS TO PROVIDE TRAINING AND EDUCATION TO PERSONS IN THE FIELD OF TRAFFIC AND TRANSPORTATION OPERATIONS IN THE INTEREST OF IMPROVING PUBLIC SAFETY.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $150
Program Service Revenue $438,664
Investment Income $0
Other Revenue $900
TOTAL REVENUE $439,714

Expense Breakdown

Grants Paid $0
Salaries & Benefits $36,587
Fundraising Expenses $0
Other Expenses $548,546
TOTAL EXPENSES $585,133

Year-over-Year Comparison

2023 2022 Change
Revenue $439,714 $427,726 +0.0%
Expenses $585,133 $421,397 +0.4%
Net Income $-145,419 $6,329 -24.0%
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

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Governance

Voting Members
12
Independent Members
12
Employees
N/A
Volunteers
14

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
14
$36,587
Total Directors
14
$36,587
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MIKE DURGIN PRESIDENT/DI 1.00
Officer Director
$7,787 $0 $7,787
RANDY WELLHOUSEN DELEGATE/DIR 1.00
Officer Director
$7,338 $0 $7,338
JAMES RENSING 1ST VICE PRE 1.00
Officer Director
$1,600 $0 $1,600
JOHNSON UDOKA STATE DIRECT 1.00
Officer Director
$0 $0 $0
BRADLEY LEWANDOWSKI CERTIFICATIO 1.00
Officer Director
$2,500 $0 $2,500
LUIS LOPEZ VENDOR REP/D 1.00
Officer Director
$0 $0 $0
ADRIAN OLGUIN DELEGATE/DIR 1.00
Officer Director
$2,800 $0 $2,800
TRACY NICHOLS ALT. DELEGAT 1.00
Officer Director
$0 $0 $0
ALAN ALVEY STATE DIR./D 1.00
Officer Director
$1,600 $0 $1,600
MIKA CLARK CERT. DIRECT 1.00
Officer Director
$9,262 $0 $9,262
MICHAEL THERIOT SECRETARY/DI 1.00
Officer Director
$1,600 $0 $1,600
DAVID STALLINGS STATE DIRECT 1.00
Officer Director
$0 $0 $0
CODY BAKER TREASURER/DI 1.00
Officer Director
$1,300 $0 $1,300
LUIS GALVEZ 2ND VP/DIR. 1.00
Officer Director
$800 $0 $800
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
2023 $439,714 $585,133 $87,722 $-145,419
2022 $427,726 $421,397 $233,141 $6,329
2021 $429,985 $366,843 $227,072 $63,142
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