NATIONAL ARMORED CAR ASSOCIATION INC

EIN: 846033258

RESTON, VA

Total Revenue
$223,500
Total Expenses
$211,327
Total Assets
$26,359
Net Assets
$26,359
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1961
Legal Domicile
VA
Principal Officer
Basil Thomson
Phone
6035827334
Tax Period
2024-01-01 to 2024-12-31

NATIONAL ARMORED CAR ASSOCIATION INC, founded in 1961, is a small nonprofit that reported $224K in total revenue in fiscal year 2024. Revenue fell 23% from the prior year — a significant decline worth monitoring. Expenses of $211K left a modest 5% surplus.

Mission

To promote cooperative action in advancing by all lawful means the common interest of the armored car industry. To promote activities and educational forums to further safety and security withing the industry. To monitor and evaluate federal and state legislation and regulations which may affect the armored car industry. To promote laws and regulations which protect our companies and employees from harm and promote public safety.

Program Service Accomplishments

Program 1
Expenses: $7,793 Revenue: $0

Annual Meeting: NACA holds an annual meeting where members review industry trends and issues hear from relevant speakers and engage with federal law enforcement to discuss robbery prevention...

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Annual Meeting: NACA holds an annual meeting where members review industry trends and issues hear from relevant speakers and engage with federal law enforcement to discuss robbery prevention strategies.

Program 2
Expenses: $98,500 Revenue: $0

State Legislative and Regulatory Program: NACA reviews state and federal regulations and legislation. We provide information to regulators regarding the potential impact on the industry and the...

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State Legislative and Regulatory Program: NACA reviews state and federal regulations and legislation. We provide information to regulators regarding the potential impact on the industry and the public.

Program 3
Expenses: $1,894 Revenue: $0

Security Directors Meeting: The Security Directors Meeting is a regular gathering of member company security leaders convened by the National Armored Car Association NACA to discuss industry security...

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Security Directors Meeting: The Security Directors Meeting is a regular gathering of member company security leaders convened by the National Armored Car Association NACA to discuss industry security trends incident reporting and best practices. The meeting provides a forum for member companies to share information on robbery and theft incidents evaluate data collected through NACAs Incident Reporting Portal and identify opportunities to strengthen crew safety coordination with law enforcement and operational security standards.

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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 (2024)

Revenue Breakdown

Contributions & Grants $223,500
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $223,500

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $108,187
Other Expenses $211,327
TOTAL EXPENSES $211,327

Year-over-Year Comparison

2024 2023 Change
Revenue $223,500 $289,526 -0.2%
Expenses $211,327 $285,327 -0.3%
Net Income $12,173 $4,199 +1.9%
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

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Liquidity & Cash Position

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Governance

Voting Members
9
Independent Members
N/A
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
3
$0
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Todd Worthey President 1.00
Officer Director
$0 $0 $0
Patrick Otero Treasurer 1.00
Officer Director
$0 $0 $0
Marcela Lozano Secretary 1.00
Officer Director
$0 $0 $0
Craig Albiston Director 1.00
Director
$0 $0 $0
Randall Sheltra Director 1.00
Director
$0 $0 $0
Vincent Modarelli Director 1.00
Director
$0 $0 $0
Ashleigh Dillon Director 1.00
Director
$0 $0 $0
Aaron Paris Director 1.00
Director
$0 $0 $0
Pedro Barrueco 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
2025 No data No data No data No data
2024 $223,500 $211,327 $26,359 $12,173
2023 $289,526 $285,327 $14,186 $4,199
2021 $304,129 $303,655 $18,804 $474
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