TEXAS FIRE ALARM ASSOCIATION (EIN 832767313) - 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

2018

Legal Domicile

Principal Officer

Malcom R Reed

Phone

9723547114

Tax Period

2024-01-01 to 2024-12-31

TEXAS FIRE ALARM ASSOCIATION, founded in 2018, is a micro nonprofit that reported $7K in total revenue in fiscal year 2024. Revenue fell 26% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $2K, a strong 24% operating margin.

Mission

Develop an educational program for the interpretation and application of applicable codes, standards and ordinances pertaining to the installation, inspection, testing and service of fire detection and fire alarm systems.

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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 $7,150

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $7,150

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $5,464

TOTAL EXPENSES $5,464

Year-over-Year Comparison

	2024	2023	Change
Revenue	$7,150	$9,638	-0.3%
Expenses	$5,464	$9,753	-0.4%
Net Income	$1,686	$-115	-15.7%

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
Veronica Vidal	Secretary	4.00	Director	$0	$0	$0
Paul Mitchell	Past President	4.00	Director	$0	$0	$0
David J Garnaat	Board Member	2.00	Director	$0	$0	$0
Duane Hannasch	Board Member	2.00	Director	$0	$0	$0
Robert Morphew	Board Member	2.00	Director	$0	$0	$0
Daidrill Fearon	Board Member	2.00	Director	$0	$0	$0
James E Mongeau Jr	Board Member	2.00	Director	$0	$0	$0
Ryan Mathews	Board Member	2.00	Director	$0	$0	$0
Mark Gilmore	President & Director	4.00	Officer	$0	$0	$0
Stephen McKinney	Executive VP	4.00	Officer	$0	$0	$0
Malcom Reed	Treasurer	4.00	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	$7,150	$5,464	$55,454	$1,686
2023	$9,638	$9,753	$53,768	$-115
2022	$8,769	$9,896	$53,883	$-1,127
2021	$4,800	$2,024	$55,010	$2,776
2020	$6,471	$3,231	$52,234	$3,240

TEXAS FIRE ALARM ASSOCIATION