American Securities Association

EIN: 471568594 Mutual Benefit

Dallas, TX

Total Revenue
$2,525,918
Total Expenses
$2,896,488
Total Assets
$1,357,055
Net Assets
$-18,059
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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
TX
Principal Officer
Christopher Iacovella
Phone
2026211784
Tax Period
2025-01-01 to 2025-12-31

American Securities Association, founded in 2014, is a community nonprofit in the Mutual Benefit sector that reported $2.5M in total revenue in fiscal year 2025. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $2.9M exceeded revenue, resulting in a 15% operating deficit.

Mission

Represent the retail and institutional capital markets interests of its middle-market financial services firm members to promote fair, efficient, and competitively balanced markets

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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%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $2,514,000
Program Service Revenue $0
Investment Income $11,918
Other Revenue $0
TOTAL REVENUE $2,525,918

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,331,967
Fundraising Expenses $0
Other Expenses $564,521
TOTAL EXPENSES $2,896,488

Year-over-Year Comparison

2025 2024 Change
Revenue $2,525,918 $2,271,687 +0.1%
Expenses $2,896,488 $2,446,823 +0.2%
Net Income $-370,570 $-175,136 +1.1%
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

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Governance

Voting Members
13
Independent Members
13
Employees
5
Volunteers
N/A

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
2
$992,290
Total Directors
13
$992,290
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Steve Booth Chair 5.00
Officer
$0 $0 $0
Chad Abraham Director 3.00
Director
$0 $0 $0
Rich Steinmeier Director 3.00
Director
$0 $0 $0
Curt Bradbury Jr Director 3.00
Director
$0 $0 $0
Anthony M Miller Director 3.00
Director
$0 $0 $0
Brent Gledhill Director 3.00
Director
$0 $0 $0
Paul Regard Director 3.00
Director
$0 $0 $0
Larry Martinez Director 3.00
Director
$0 $0 $0
Christopher A Iacovella CEO 40.00
Officer Director
$992,290 $0 $992,290
Ronald J Kruszewski Director 3.00
Director
$0 $0 $0
Paul C Reilly Director 3.00
Director
$0 $0 $0
Jeffrey M Solomon Director 3.00
Director
$0 $0 $0
Joseph E Sweeney Director 3.00
Director
$0 $0 $0
M Bradley Winges Director 3.00
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
2025 $2,525,918 $2,896,488 $1,357,055 $-370,570
2024 $2,271,687 $2,446,823 $357,326 $-175,136
2023 $1,969,462 $2,222,778 $535,032 $-253,316
2022 $1,666,002 $1,850,140 $782,054 $-184,138
2021 $1,676,946 $1,733,656 $965,669 $-56,710
2020 $1,935,968 $1,712,476 $1,025,354 $223,492
2019 $1,490,581 $1,322,173 $806,825 $168,408
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