ISSA OF LOS ANGELES SYSTEMS SECURI… - 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

1982

Legal Domicile

Principal Officer

RICHARD GREENBERG

Phone

3109550503

Tax Period

2023-01-01 to 2023-12-31

ISSA OF LOS ANGELES SYSTEMS SECURITY ASSOCIATION INC, founded in 1982, is a small nonprofit that reported $113K in total revenue in fiscal year 2023. Revenue fell 37% from the prior year — a significant decline worth monitoring. Expenses of $124K exceeded revenue, resulting in a 10% operating deficit.

Mission

ISSA-LA'S MISSION IS TO BE THE PREMIER CATALYST AND INFORMATION SOURCE IN THE LOS ANGELES COMMUNITY FOR IMPROVING THE PRACTICE OF INFORMATION SECURITY.

Program Service Accomplishments

Program 1

Expenses: $16,498 Revenue: $14,583

MONTHLY CHAPTER MEETINGS: ISSA-LA HAS A MONTHLY CHAPTER MEETING, TYPICALLY ON THE 3RD WEDNESDAY OF THE MONTH. MEETINGS ARE HOSTED TO PROVIDE EDUCATIONAL FORUMS, PEER INTERACTION OPPORTUNITIES, FREE EXCHANGE OF INFORMATION SECURITY TECHNIQUES, APPROACHES AND PROBLEM SOLVING BY ITS MEMBERS, AS WELL AS COMMUNICATION TO KEEP THE COMMUNITY ABREAST OF CURRENT EVENTS IN INFORMATION SECURITY. IT ALSO ENCOURAGES SHARING OF KNOWLEDGE AND SKILLS OF THOSE IN THE FIELD OF INFORMATION SECURITY. IN 2023 THERE WERE 11 MONTHLY MEETINGS WITH AN AVERAGE OF APPROXIMATELY 70 ATTENDEES AT EACH.

Program 2

Expenses: $74,378 Revenue: $10,330

THE 13TH ANNUAL INFORMATION SECURITY SUMMIT, HOSTED BY ISSA-LA, WAS AN EDUCATIONAL EXPERIENCE FOR INFORMATION SECURITY PROFESSIONALS IN SOUTHERN CALIFORNIA. THIS PRESTIGIOUS EVENT BROUGHT TOGETHER...

THE 13TH ANNUAL INFORMATION SECURITY SUMMIT, HOSTED BY ISSA-LA, WAS AN EDUCATIONAL EXPERIENCE FOR INFORMATION SECURITY PROFESSIONALS IN SOUTHERN CALIFORNIA. THIS PRESTIGIOUS EVENT BROUGHT TOGETHER LEADING EXPERTS AND THOUGHT LEADERS FROM ACROSS VARIOUS SECTORS, INCLUDING INTELLIGENCE, LAW ENFORCEMENT, RETAIL, GOVERNMENT, HEALTHCARE, FINANCE, AND TECHNOLOGY. THE SUMMIT FOCUSED ON THE LATEST TRENDS AND STRATEGIES IN CYBERSECURITY, GIVING ATTENDEES THE KNOWLEDGE TO TACKLE EVER-EVOLVING SECURITY THREATS. THEY GAINED VALUABLE INSIGHTS INTO DEFENDING CRITICAL INFRASTRUCTURE, FORGING INTERNATIONAL PARTNERSHIPS, AND MUCH MORE. WITH 250 REGISTRANTS, THE 2-DAY EVENT WAS A GREAT SUCCESS.

Program 3

Expenses: $4,403

COMMUNITY OUTREACH

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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 $87,726

Program Service Revenue $24,913

Investment Income $19

Other Revenue $0

TOTAL REVENUE $112,658

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $95,279

Other Expenses $124,301

TOTAL EXPENSES $124,301

Year-over-Year Comparison

	2023	2022	Change
Revenue	$112,658	$177,628	-0.4%
Expenses	$124,301	$126,604	0.0%
Net Income	$-11,643	$51,024	-1.2%

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

N/A

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVE WETTENSTEIN	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
RICHARD GREENBERG	PRESIDENT	5.00	Officer Director	$0	$0	$0
ADRIANA SANFORD	ECEXUTIVE DIRECTOR	5.00	Director	$0	$0	$0
ADRIANA MENDIETA MAY-JULY	SECRETARY/VENDOR DIR	5.00	Officer Director	$0	$0	$0
ESFANDIAR BEHROUZ	PROGRAM DIRECTOR	5.00	Director	$0	$0	$0
BERENICE JACOBS	MARKETING DIRECTOR	5.00	Director	$0	$0	$0
MICHAEL LEHMAN	EDUCATION DIRECTOR	5.00	Director	$0	$0	$0
ERIC BARRICLOW	TECHNOLOGY DIRETOR	5.00	Director	$0	$0	$0
SERAFINO SINI	ADMIN DIRECTOR	5.00	Director	$0	$0	$0
KATIE CURRAN	TREASURER	5.00	Officer Director	$0	$0	$0
TOM SABBE	VENDOR DIRECTOR	5.00	Director	$0	$0	$0
JAMES CHILLINGWORTH JUL - DEC	SECRETARY	5.00	Officer Director	$0	$0	$0
MARK SMITH JAN-MAY	PROGRAM DIRECTOR	5.00	Director	$0	$0	$0
AARON WYKOFF	MARKETING DIRECTOR	5.00	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	No data	No data	No data	No data
2023	$112,658	$124,301	$152,788	$-11,643
2023	$107,618	$110,607	$152,788	$-2,989
2022	$177,628	$126,604	$164,431	$51,024
2021	$10,450	$18,392	$113,407	$-7,942
2020	$17,719	$29,550	$121,349	$-11,831
2019	$298,162	$278,063	$133,180	$20,099
2018	$253,275	$285,921	$116,598	$-32,646

ISSA OF LOS ANGELES SYSTEMS SECURITY ASSOCIATION INC