IMSA SOUTHEASTERN SECTION

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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

Principal Officer

JON HOFFMAN

Phone

2563374813

Tax Period

2024-11-01 to 2025-10-31

IMSA SOUTHEASTERN SECTION is a small nonprofit in the Public Safety sector that reported $507K in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $563K exceeded revenue, resulting in a 11% operating deficit.

Mission

WE ARE DEDICATED TO PROVIDE CERTIFICATION PROGRAMS FOR THE SAFE INSTALLATION, OPERATION, AND MAINTENANCE OF PUBLIC SAFETY SYSTEMS DELIVERING VALUE TO MEMBERS BY PROVIDING THE LATEST INFORMATION AND EDUCATON IN THE INDUSTRY

Program Service Accomplishments

Program 1

Expenses: $562,727 Revenue: $506,713

IMSA SOUTHEASTER SECTION IS 1 OF 23. WE ARE PART OF IMSA INTERNATIONAL WHICH IS A NON PROFIT ORGANIZATION. OUR SECTION COVERS 6 STATES, ALABAMA, GEORGIA, TENNESSEE, MISSIPPI, NORTH CAROLINA, AND...

IMSA SOUTHEASTER SECTION IS 1 OF 23. WE ARE PART OF IMSA INTERNATIONAL WHICH IS A NON PROFIT ORGANIZATION. OUR SECTION COVERS 6 STATES, ALABAMA, GEORGIA, TENNESSEE, MISSIPPI, NORTH CAROLINA, AND SOUTH CAROLINA. WE CERTIFY TECHNITIONS. WE ARE DEDICATED TO PROVIDE CERTIFICATION PROGRAMS FOR THE SAFE INSTALLATION, OPERATION, AND MAINTENANCE OF PUBLIC SAFETY SYSTEMS DELIVERING VALUE MEMBERS BY PROVIDING THE LATEST INFORMATION AND EDUCATION IN THE INDUSTRY. IMSA MEMBERSHIP IS COMPRIMISED OF PERSONS EMPLOYED BY GOVERNMENTAL ORGANIZATIONS, CITY, COUNTY, FEDERAL AND PRIVATE ORGANIZATIONS WHO ARE INTERESTED IN PROMOTING PUBLIC SAFETY. OUR OBJECTIVES ARE TO IMPROVE THE EFFICENCY, INSTALLATION, CONSTRUCTION AND MAINTENANCE OF PUBLIC SAFETY EQUIPMENT AND SYSTEMS BY INCREASING THE KNOWLEDGE OF OUR MEMBERS ON TRAFFIC CONTROLS, FIRE ALARM, ROADWAY LIGHTING, WORK ZONE TRAFFIC CONTROL ETC.

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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 $0

Program Service Revenue $506,713

Investment Income $0

Other Revenue $0

TOTAL REVENUE $506,713

Expense Breakdown

Grants Paid $0

Salaries & Benefits $367,506

Fundraising Expenses $0

Program Expenses $562,727

Other Expenses $195,221

TOTAL EXPENSES $562,727

Year-over-Year Comparison

	2024	2023	Change
Revenue	$506,713	$459,214	+0.1%
Expenses	$562,727	$479,549	+0.2%
Net Income	$-56,014	$-20,335	+1.8%

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

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
JON HOFFMAN	DIRECTOR	N/A	Director	$0	$0	$0
TERRY WELSHAN	2ND PRESIDEN	N/A	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
2025	$506,713	$562,727	$422,125	$-56,014
2024	$459,214	$479,549	$427,952	$-20,335
2023	$153,197	$240,304	$448,287	$-87,107
2023	$348,177	$170,101	$535,392	$178,076
2022	$347,982	$167,217	$535,392	$180,765
2021	$409,103	$60,829	$324,371	$348,274