Forum of Incident Response and Security Teams Inc (EIN 383943584) - 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

2014

Legal Domicile

Principal Officer

Chris Gibson

Phone

9196546805

Tax Period

2024-01-01 to 2024-12-31

Forum of Incident Response and Security Teams Inc, founded in 2014, is a community nonprofit in the Education sector that reported $5.7M in total revenue in fiscal year 2024. Revenue surged 77% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.1M, a strong 19% operating margin.

Mission

FIRST aspires to bring together incident response and security teams from every country across the world to ensure a safe internet for all.

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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 $2,274,475

Program Service Revenue $3,435,694

Investment Income $24,170

Other Revenue $3,676

TOTAL REVENUE $5,738,015

Expense Breakdown

Grants Paid $0

Salaries & Benefits $866,846

Fundraising Expenses $0

Program Expenses $3,851,802

Other Expenses $3,752,494

TOTAL EXPENSES $4,619,340

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,738,015	$3,245,277	+0.8%
Expenses	$4,619,340	$3,733,916	+0.2%
Net Income	$1,118,675	$-488,639	-3.3%

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

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

$237,915

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Tracy Bills	Chair	10.00	Officer Director	$0	$0	$0
Michael Hausding	CFO	10.00	Officer Director	$0	$0	$0
Audrey Mnisi Mireku	Director	10.00	Director	$0	$0	$0
Carlos Leonardo	Director	10.00	Director	$0	$0	$0
Mona Elisabeth Ostvang	Director	10.00	Director	$0	$0	$0
Olivier Caleff	Director	10.00	Director	$0	$0	$0
Serge Droz	Director	10.00	Director	$0	$0	$0
Nadia Yousef	Director	10.00	Director	$0	$0	$0
Yukako Uchida	Director	10.00	Director	$0	$0	$0
Carlos Alvarez	Director	10.00	Director	$0	$0	$0
Chris Gibson	Executive Director	40.00	Officer	$195,399	$42,516	$237,915
David Schwartsburg	Dir - IT and Security	40.00	Highest	$158,931	$20,565	$179,496
Klee Christopher Aiken	Dir - Community & Capacity Bldg	40.00	Highest	$124,166	$1,257	$125,423

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	$5,738,015	$4,619,340	$4,032,449	$1,118,675
2023	$3,245,277	$3,733,916	$2,492,981	$-488,639
2022	$3,192,168	$3,539,557	$2,687,969	$-347,389
2021	$1,593,794	$1,369,831	$3,169,610	$223,963
2020	$1,267,856	$1,496,759	$3,839,879	$-228,903
2019	$3,096,814	$2,823,905	$4,080,976	$272,909
2018	$2,400,934	$2,122,532	$3,530,226	$278,402

Forum of Incident Response and Security Teams Inc