TEXAS BURGLAR & FIRE ALARM ASSOCIA… - 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

1985

Legal Domicile

Principal Officer

Mitch Reitman

Phone

8779082322

Tax Period

2024-01-01 to 2024-12-31

TEXAS BURGLAR & FIRE ALARM ASSOCIATION INC, founded in 1985, is a small nonprofit that reported $134K in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year. Expenses of $118K left a modest 12% surplus.

Mission

To provide industry based training and education to electronic security and fire alarm companies and to represent the alarm industry before the Texas regulatory agencies when necessary.

Program Service Accomplishments

Program 1

Expenses: $49,794 Revenue: $51,725

Annual Conference

Program 2

Expenses: $361 Revenue: $28,590

Member Training

Program 3

Expenses: $4,000

Lobbying

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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 $51,558

Program Service Revenue $80,315

Investment Income $1,131

Other Revenue $953

TOTAL REVENUE $133,957

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $54,155

Other Expenses $117,797

TOTAL EXPENSES $117,797

Year-over-Year Comparison

	2024	2023	Change
Revenue	$133,957	$142,142	-0.1%
Expenses	$117,797	$150,216	-0.2%
Net Income	$16,160	$-8,074	-3.0%

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

Governance

Voting Members

Independent Members

Employees

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Mary Edmonson	President	1.00	Officer Director	$0	$0	$0
Jennifer Lambert	Vice President - Electroni	1.00	Officer Director	$0	$0	$0
Van Mayorga	Vice President - Fire	1.00	Officer Director	$0	$0	$0
Rafael Medina	Secretary	1.00	Officer Director	$0	$0	$0
Mitch Reitman	Treasurer	1.00	Officer Director	$0	$0	$0
Robert Mendenhall	Associate Director	1.00	Officer Director	$0	$0	$0
Roger Gilbert	Region 1 Director	1.00	Director	$0	$0	$0
Sam Pieczynski	Region 2 Director	1.00	Director	$0	$0	$0
Brian Turner	Region 3 Director	1.00	Director	$0	$0	$0
Stephen Harper	Region 4 Director	1.00	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	$133,957	$117,797	$63,511	$16,160
2023	$142,142	$150,216	$33,075	$-8,074
2022	$148,796	$158,734	$42,309	$-9,938
2021	$144,960	$176,364	$53,904	$-31,404
2020	$42,496	$140,947	$113,845	$-98,451
2019	$172,714	$188,274	$220,078	$-15,560
2018	$171,720	$201,375	$235,231	$-29,655

TEXAS BURGLAR & FIRE ALARM ASSOCIATION INC