DOOR & ACCESS SYSTEMS MANUFACTURER… - 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

1996

Legal Domicile

Principal Officer

VAL SIGMON

Phone

2162417333

Tax Period

2024-01-01 to 2024-12-31

DOOR & ACCESS SYSTEMS MANUFACTURERS ASSOCIATION INTERNATIONAL, founded in 1996, is a community nonprofit that reported $1.4M in total revenue in fiscal year 2024. Revenue grew 18% year-over-year, indicating healthy expansion.

Mission

TO PROMOTE THE IMPROVEMENT OF THE GARAGE AND ROLLING DOOR, DOOR AND GATE OPERATOR, ACCESS SYSTEMS AND REMOTE CONTROLS MANUFACTURING INDUSTRY; TO SPONSOR PROGRAMS DIRECTED TOWARDS THE FURTHERANCE OF THE INTERESTS OF THE INDUSTRY; AND TO REPRSENT (CONTINUED ON SCHEDULE O) SAID INDUSTRY IN ITS CONTACTS WITH PUBLIC OFFICIALS, STANDARD MAKING BODIES AND PUBLIC AUTHORITIES.

Program Service Accomplishments

Program 1

DOOR & ACCESS SYSTEMS: QUARTERLY MAGAZINE TO 20,000 INDUSTRY PROFESSIONALS TO INCREASE COMMUNICATION, KNOWLEDGE AND PROFESSIONALISM IN THE INDUSTRY. THIS MAINTAINS DOOR & ACCESS SYSTEMS MANUFACTURERS ASSOCIATION AS THE VOICE OF THE INDUSTRY. THIS FURTHERS THE EXEMPT PURPOSE TO PROMOTE IMPROVEMENT OF THE INDUSTRY, TO REPRESENT THE INDUSTRY IN ITS CONTACTS WITH PUBLIC OFFICIALS, STANDARD MAKING BODIES AND PUBLIC AUTHORITIES.

Program 2

TECHNICAL DIRECTOR: SERVICES OF TECHNICAL DIRECTOR WHO REPRESENTS THE INDUSTRY POSITION ON STANDARDS THROUGHOUT THE COUNTRY, MAINTAINING THE DOOR & ACCESS SYSTEMS MANUFACTURERS ASSOCIATION'S POSITION AS THE RECOGNIZED VOICE OF THE INDUSTRY. THIS FURTHERS THE EXEMPT PURPOSE TO PROMOTE IMPROVEMENT OF THE INDUSTRY, TO REPRESENT THE INDUSTRY IN ITS CONTACTS WITH PUBLIC OFFICALS, STANDARD MAKING BODIES AND PUBLIC AUTHORITIES.

Program 3

PUBLIC RELATIONS: COOPERATIVE PROGRAM WITH INTERNATIONAL DOOR ASSOCIATION TO COMMUNICATE AND EDUCATE CONSUMERS ABOUT THE LATEST INDUSTRY TRENDS IN GARAGE DOORS AND WHAT IS NEW IN GARAGE DOOR...

PUBLIC RELATIONS: COOPERATIVE PROGRAM WITH INTERNATIONAL DOOR ASSOCIATION TO COMMUNICATE AND EDUCATE CONSUMERS ABOUT THE LATEST INDUSTRY TRENDS IN GARAGE DOORS AND WHAT IS NEW IN GARAGE DOOR ACCESSORIES. THIS FURTHERS THE EXEMPT PURPOSE TO SPONSOR PROGRAMS DIRECTED TOWARDS THE FURTHERANCE OF THE INTERESTS OF THE INDUSTRY.

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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 $606,467

Program Service Revenue $805,120

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,411,587

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $1,401,139

TOTAL EXPENSES $1,401,139

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,411,587	$1,200,453	+0.2%
Expenses	$1,401,139	$1,234,068	+0.1%
Net Income	$10,448	$-33,615	-1.3%

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

N/A

Volunteers

321

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID BANGERT	1ST VICE PRESIDENT	0.50	Officer Director	$0	$0	$0
MICHEL BEAUDOIN	PRESIDENT	0.50	Officer Director	$0	$0	$0
JAMIE BYRNE	2ND VICE PRESIDENT	0.50	Officer Director	$0	$0	$0
DOUG GEESLIN	DIRECTOR	0.50	Director	$0	$0	$0
MICHEL GENDREAU	AT LARGE	0.50	Director	$0	$0	$0
JOSH HARTER	AT LARGE	0.50	Director	$0	$0	$0
CHRISTIAN LEESER	AT LARGE	0.50	Director	$0	$0	$0
GREG MATIAS	DIRECTOR	0.50	Director	$0	$0	$0
JEFF MEREDITH	AT LARGE	0.50	Director	$0	$0	$0
BEARGE MILLER	TREASURER	0.50	Officer Director	$0	$0	$0
RAY NEISEWANDER	AT LARGE	0.50	Director	$0	$0	$0
JEREMY PROEHL	DIRECTOR	0.50	Director	$0	$0	$0
MILT PROSPERI	DIRECTOR	0.50	Director	$0	$0	$0
SUZANNA ROUTHIER	AT LARGE	0.50	Director	$0	$0	$0
RICK SEDIVY	DIRECTOR	0.50	Director	$0	$0	$0
VAL SIGMON	EX-OFFICIO	0.50	Director	$0	$0	$0
VIC WELDON	AT LARGE	0.50	Director	$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	$1,411,587	$1,401,139	$319,572	$10,448
2023	$1,200,453	$1,234,068	$321,770	$-33,615
2022	$1,172,469	$1,288,595	$387,598	$-116,126
2021	$1,081,430	$967,482	$522,763	$113,948
2020	$1,194,830	$1,134,568	$413,216	$60,262
2019	$1,207,965	$1,242,754	$400,085	$-34,789
2018	$1,270,888	$1,274,929	$478,260	$-4,041

DOOR & ACCESS SYSTEMS MANUFACTURERS ASSOCIATION INTERNATIONAL