THE MONITORING ASSOCIATION

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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

1950

Legal Domicile

Principal Officer

WHITNEY A DOLL

Phone

7032424670

Tax Period

2024-01-01 to 2024-12-31

THE MONITORING ASSOCIATION, founded in 1950, is a community nonprofit that reported $2.7M in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion.

Mission

TO PROMOTE AND ADVANCE THE PROFESSIONAL MONITORING TO CONSUMERS AND FIRST RESPONDERS THROUGH EDUCATION, ADVOCACY, AND THE CREATION OF STANDARDS.

Program Service Accomplishments

Program 1

MEETINGS - PROVIDE TECHNICAL INFORMATION ABOUT ISSUES AND SERVICES RELATED TO THE PROTECTION SERVICES INDUSTRY. MEETINGS TOOK PLACE VIRTUALLY, HYBRID AND IN-PERSON AND REGISTRATION FEES WERE...

MEETINGS - PROVIDE TECHNICAL INFORMATION ABOUT ISSUES AND SERVICES RELATED TO THE PROTECTION SERVICES INDUSTRY. MEETINGS TOOK PLACE VIRTUALLY, HYBRID AND IN-PERSON AND REGISTRATION FEES WERE COLLECTED FOR ATTENDANCE. THERE WERE 120 REGISTRATIONS FOR THE MIDYEAR MEETING HELD VIRTUALLY, 194 REGISTRATIONS FOR THE ANNUAL MEETING IN ST. THOMAS, U.S. VIRGIN ISLANDS, 126 REGISTRATIONS FOR THE FALL OPSTECH MEETING IN CHARLOTTE, NORTH CAROLINA.

Program 2

PUBLICATIONS - PROVIDE TECHNICAL INFORMATION CONCERNING PROTECTION SERVICES TO THE INDUSTRY. PRODUCED FOUR, QUARTERLY DIGITAL ISSUES OF TMA DISPATCH PUBLICATION TO 2,200 SUBSCRIBERS. EMAILED 52...

PUBLICATIONS - PROVIDE TECHNICAL INFORMATION CONCERNING PROTECTION SERVICES TO THE INDUSTRY. PRODUCED FOUR, QUARTERLY DIGITAL ISSUES OF TMA DISPATCH PUBLICATION TO 2,200 SUBSCRIBERS. EMAILED 52 PUBLICATIONS OF "SIGNALS" TO 2,200 SUBSCRIBERS. THE WEBSITE RECEIVES APPROXIMATELY 2,300 PAGE VIEWS PER MONTH.

Program 3

3. ASAP - AUTOMATED SECURE ALARM PROTOCOL PROVIDES A FASTER AND COST EFFECTIVE MEANS OF SENDING ALARM SIGNALS DIRECTLY TO PUBLIC SAFETY ANSWERING POINTS. THERE ARE 29 ACTIVE MONITORING CENTERS WITH 3...

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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 $2,269,702

Investment Income $62,619

Other Revenue $351,207

TOTAL REVENUE $2,683,528

Expense Breakdown

Grants Paid $18,784

Salaries & Benefits $937,901

Fundraising Expenses $0

Other Expenses $1,927,172

TOTAL EXPENSES $2,883,857

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,683,528	$2,442,337	+0.1%
Expenses	$2,883,857	$2,379,776	+0.2%
Net Income	$-200,329	$62,561	-4.2%

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

345

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

$201,528

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TIM WESTPHAL	DIRECTOR	1.00	Director	$0	$0	$0
STEVE BUTKOVICH	PRESIDENT	1.00	Officer Director	$0	$0	$0
STANLEY OPPENHEIM	DIRECTOR	1.00	Director	$0	$0	$0
SHANNON WOODMAN	TREASURER	1.00	Officer Director	$0	$0	$0
SCOTT R ELKINS	DIRECTOR	1.00	Director	$0	$0	$0
PAMELA J PETROW	EC APPOINTED BY PRESIDENT	1.00	Director	$0	$0	$0
TONY MUCCI	DIRECTOR	1.00	Director	$0	$0	$0
MORGAN HERTEL	IMMEDIATE PAST PRESIDENT	1.00	Officer Director	$0	$0	$0
MARK HILLENBURG	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN STONE	ESA REPRESENTATIVE	1.00	Director	$0	$0	$0
JOEY RAO-RUSSELL	DIRECTOR	1.00	Director	$0	$0	$0
JAY HAUHN	EC APPOINTED BY PRESIDENT	1.00	Director	$0	$0	$0
CHESTER M DONATI	DIRECTOR	1.00	Director	$0	$0	$0
BRANDON NILES	DIRECTOR	1.00	Director	$0	$0	$0
JUSTIN BAILEY	SECRETARY	1.00	Officer Director	$0	$0	$0
WES USIE	VICE PRESIDENT	1.00	Director	$0	$0	$0
DANIEL OPPENHEIM	VICE PRESIDENT	1.00	Director	$0	$0	$0
RICHARD FLORES	DIRECTOR	1.00	Director	$0	$0	$0
JOE PEREIRA	DIRECTOR	1.00	Director	$0	$0	$0
ALAN H GILLMORE IV	VICE-PRESIDENT	1.00	Officer Director	$0	$0	$0
JOHN MACK	SIA REPRESENTATIVE	1.00	Director	$0	$0	$0
CAROLINE BROWN	DIRECTOR	1.00	Director	$0	$0	$0
DON YOUNG	EC APPOINTED BY PRESIDENT	1.00	Director	$0	$0	$0
CELIA TRIGO BESORE	FORMER CEO	40.00	Officer	$188,274	$13,254	$201,528
ILLENY MAZZA	DIRECTOR OF MEMBERSHIP AND	40.00	Highest	$106,275	$29,617	$135,892
JULIE WEBBER	VP OF EDUCATION AND TRAINI	40.00	Highest	$104,936	$28,386	$133,322
LEIGH A MCGUIRE	DIRECTOR OF MARKETING AND COMMUNICATIONS	40.00	Highest	$101,390	$26,800	$128,190

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	$2,683,528	$2,883,857	$4,370,170	$-200,329
2023	$2,442,337	$2,379,776	$2,299,335	$62,561
2022	$2,517,074	$2,273,924	$2,424,353	$243,150
2021	$2,360,789	$1,872,934	$2,241,436	$487,855
2020	$1,798,244	$1,631,190	$1,621,163	$167,054
2019	$2,258,194	$2,223,955	$1,338,547	$34,239
2018	$2,390,368	$2,267,100	$1,154,154	$123,268