ALOA SECURITY PROFESSIONALS ASSOCI… - 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

2012

Legal Domicile

Phone

2148199733

Tax Period

2023-01-01 to 2023-12-31

ALOA SECURITY PROFESSIONALS ASSOCIATION INC, founded in 2012, is a community nonprofit in the Community Improvement sector that reported $2.3M in total revenue in fiscal year 2023. Expenses of $2.6M exceeded revenue, resulting in a 10% operating deficit.

Mission

TO OFFER MEMBERS INFORMATION RELATED TO CURRENT TRENDS IN THE LOCKSMITHING INDUSTRY, EDUCATION CLASSES AND PROFICIENCY REGISTRATION.

Program Service Accomplishments

Program 1

ALOA OFFERS ITS MEMBERS INFORMATION ABOUT THE LOCKSMITHING INDUSTRY THROUGH PUBLICATION OF A MAGAZINE AND BY HOLDING A CONVENTION. ALOA ALSO PROVIDES CERTIFICATIONS AND EDUCATIONAL COURSES FOR...

ALOA OFFERS ITS MEMBERS INFORMATION ABOUT THE LOCKSMITHING INDUSTRY THROUGH PUBLICATION OF A MAGAZINE AND BY HOLDING A CONVENTION. ALOA ALSO PROVIDES CERTIFICATIONS AND EDUCATIONAL COURSES FOR MEMBERS TO FURTHER THEIR PROFICIENCY.

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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 $0

Program Service Revenue $2,281,586

Investment Income $26,777

Other Revenue $16,756

TOTAL REVENUE $2,325,119

Expense Breakdown

Grants Paid $0

Salaries & Benefits $662,948

Fundraising Expenses $0

Other Expenses $1,896,876

TOTAL EXPENSES $2,559,824

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,325,119	$2,304,995	+0.0%
Expenses	$2,559,824	$2,428,975	+0.1%
Net Income	$-234,705	$-123,980	+0.9%

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

$195,609

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Mary May	Executive Dir.	38.00	Officer	$113,249	$0	$113,249
Kathy Romo	Comptroller	38.00	Officer	$82,360	$0	$82,360
TOM RIPP	Director	2.00	Director	$0	$0	$0
Tom Foxwell	Secretary	2.00	Officer Director	$0	$0	$0
CHRISTOPHER MECCIA	Director	2.00	Director	$0	$0	$0
GENE GYURE	Director	2.00	Director	$0	$0	$0
WAYNE WINTON	Director	2.00	Director	$0	$0	$0
NOEL FLYNN	Director	2.00	Director	$0	$0	$0
MARK DAWSON	Director	2.00	Director	$0	$0	$0
BILL MANDLEBAUM	President	2.00	Officer Director	$0	$0	$0
BETA TAM	Director	2.00	Director	$0	$0	$0
Clyde T Roberson	Director	2.00	Director	$0	$0	$0
ANTHONY E WIERSIELIS	Director	2.00	Director	$0	$0	$0
ADRIAN V HOLLEY	Director	2.00	Director	$0	$0	$0
Hans Mejlshede	Director	2.00	Director	$0	$0	$0
ED WOODS	Director	2.00	Director	$0	$0	$0
BARRY ROBERTS	Director	2.00	Director	$0	$0	$0
JIM WIEDMAN	Director	2.00	Director	$0	$0	$0
John Truempy	Director	2.00	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	$2,325,119	$2,559,824	$1,970,955	$-234,705
2022	$2,304,995	$2,428,975	$2,357,577	$-123,980
2021	$2,734,316	$2,175,091	$2,436,815	$559,225
2020	$1,555,095	$1,807,125	$2,048,157	$-252,030
2019	$2,727,270	$2,672,188	$2,277,282	$55,082
2018	$2,692,608	$2,625,588	$2,086,137	$67,020

ALOA SECURITY PROFESSIONALS ASSOCIATION INC