SECURITY RESEARCH ASSOCIATES INC

EIN: 742209420 501(c)(3)

Lake Worth, FL

Total Revenue
$483,022
Total Expenses
$491,181
Total Assets
$11,470
Net Assets
$11,470
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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
1981
Legal Domicile
CO
Principal Officer
THOMAS TRENTO
Phone
5615821424
Tax Period
2023-01-01 to 2023-12-31

SECURITY RESEARCH ASSOCIATES INC, founded in 1981, is a small nonprofit that reported $483K in total revenue in fiscal year 2023. Revenue fell 36% from the prior year — a significant decline worth monitoring.

Mission

research education communication

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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 (2023)

Revenue Breakdown

Contributions & Grants $483,022
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $483,022

Expense Breakdown

Grants Paid $162,218
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $0
Other Expenses $328,963
TOTAL EXPENSES $491,181

Year-over-Year Comparison

2023 2022 Change
Revenue $483,022 $757,793 -0.4%
Expenses $491,181 N/A N/A
Net Income $-8,159 $757,793 -1.0%
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
3
Independent Members
2
Employees
1
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
3
$0
Total Directors
2
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
HENRY PATINO SECRETARY 1
Officer Director
$0 $0 $0
THOMAS TRENTO PRESIDENT 10
Officer Director
$0 $0 $0
ANTHONY ZOCCOLILLO VP 1
Officer
$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 $483,022 $491,181 $11,470 $-8,159
2022 $757,793 $744,212 $19,629 $13,581
2020 $513,644 $432,769 $101,030 $80,875
2019 $370,592 $375,844 $19,155 $-5,252
2018 $286,363 $321,572 $22,507 $-35,209
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