NATIONAL ASSOCIATION OF AMUSEMENT RIDE SAFETY OFFICIALS (EIN 311195149) - 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

1987

Legal Domicile

Principal Officer

LEONARD CAVALIER

Phone

8136612779

Tax Period

2024-01-01 to 2024-12-31

NATIONAL ASSOCIATION OF AMUSEMENT RIDE SAFETY OFFICIALS, founded in 1987, is a small nonprofit that reported $430K in total revenue in fiscal year 2024. Revenue decreased 11% compared to the prior year.

Mission

NAARSO IS DEDICATED TO THE ADVANCEMENT OF AMUSEMENT RIDE AND DEVICE SAFETY THROUGH THE DOCTRINE OF SAFETY THROUGH COMMUNICATION. NAARSO PROVIDES RESOURCES FOR AMUSEMENT INDUSTRY PROFESSIONALS DEDICATED TO THE SAFETY OF THE INDUSTRY AND ITS PATRONS.

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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 $102,990

Program Service Revenue $326,591

Investment Income $0

Other Revenue $0

TOTAL REVENUE $429,581

Expense Breakdown

Grants Paid $0

Salaries & Benefits $88,190

Fundraising Expenses $1,649

Program Expenses $278,793

Other Expenses $358,793

TOTAL EXPENSES $446,983

Year-over-Year Comparison

	2024	2023	Change
Revenue	$429,581	$482,803	-0.1%
Expenses	$446,983	$441,775	+0.0%
Net Income	$-17,402	$41,028	-1.4%

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

1379

Independent Members

1376

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

Total Directors

$15,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LEONARD CAVALIER	EXECUTIVE DIRECTOR	5.00	Director	$15,000	$0	$15,000
JAMES GRAYBEAL	CHAIRMAN	1.00	Director	$0	$0	$0
DAVID BERTOZZI	PRESIDENT	1.00	Officer	$0	$0	$0
MICHAEL WOOD	VICE PRESIDENT	1.00	Officer	$0	$0	$0
RON DEAN	SECRETARY	1.00	Officer	$0	$0	$0
JOHN ROGERS	TREASURER	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	$429,581	$446,983	$504,581	$-17,402
2023	$482,803	$441,775	$521,983	$41,028
2022	$411,111	$404,189	$480,955	$6,922
2021	$440,732	$324,991	$474,033	$115,741
2020	$468,443	$359,933	$358,292	$108,510
2019	$372,911	$382,240	$249,681	$-9,329
2018	$398,347	$388,208	$259,010	$10,139

NATIONAL ASSOCIATION OF AMUSEMENT RIDE SAFETY OFFICIALS