SECURITY INDUSTRY ASSOCIATION (EIN 952636066) - 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

1969

Legal Domicile

Principal Officer

DONALD R ERICKSON

Phone

3018044700

Tax Period

2023-01-01 to 2023-12-31

SECURITY INDUSTRY ASSOCIATION, founded in 1969, is a community nonprofit that reported $7.4M in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion.

Mission

SEE PART III, LINE 1.

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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 (2023)

Revenue Breakdown

Contributions & Grants $537,387

Program Service Revenue $6,560,384

Investment Income $254,086

Other Revenue $0

TOTAL REVENUE $7,351,857

Expense Breakdown

Grants Paid $183,531

Salaries & Benefits $3,640,381

Fundraising Expenses $0

Other Expenses $3,540,092

TOTAL EXPENSES $7,364,004

Year-over-Year Comparison

	2023	2022	Change
Revenue	$7,351,857	$6,524,105	+0.1%
Expenses	$7,364,004	$6,631,669	+0.1%
Net Income	$-12,147	$-107,564	-0.9%

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

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

200

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

$560,852

Total Directors

Key Employees

$483,139

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES ROTHSTEIN	CHAIR	3.00	Officer Director	$0	$0	$0
SCOTT DUNN	CHAIR-ELECT	1.00	Officer Director	$0	$0	$0
ALEX HOUSTEN	TREASURER	1.00	Officer Director	$0	$0	$0
HOLLY BORGMANN	SECRETARY	1.00	Officer Director	$0	$0	$0
JONATHAN AGUILA	OFFICER AT LARGE	1.00	Officer Director	$0	$0	$0
PIERRE TRAPANESE	IMMEDIATE PAST CHAIR	1.00	Director	$0	$0	$0
CHARLES BURNS	DIRECTOR	1.00	Director	$0	$0	$0
TOM COOK	DIRECTOR	1.00	Director	$0	$0	$0
STACY DEVERAUX	DIRECTOR	1.00	Director	$0	$0	$0
HAMISH DOBSON	DIRECTOR	1.00	Director	$0	$0	$0
TARA DUNNING	DIRECTOR	1.00	Director	$0	$0	$0
DAVE ILARDI	DIRECTOR	1.00	Director	$0	$0	$0
RYAN KALTENBAUGH	DIRECTOR	1.00	Director	$0	$0	$0
MIKE MATHES	DIRECTOR	1.00	Director	$0	$0	$0
JOHN NEMEROFSKY	DIRECTOR	1.00	Director	$0	$0	$0
TIM PALMQUIST	DIRECTOR	1.00	Director	$0	$0	$0
STEVE REINHARZ	DIRECTOR	1.00	Director	$0	$0	$0
TERESA WU	DIRECTOR	1.00	Director	$0	$0	$0
DON ERICKSON	CHIEF EXECUTIVE OFFICER	60.00	Officer	$478,690	$82,162	$560,852
ROBIN SMITH	MANAGING DIRECTOR, FINANCE AND OPERATIONS	50.00	Key Emp	$218,720	$32,351	$251,071
KEVIN MURPHY	SENIOR DIRECTOR, MEMBER SERVICES	40.00	Key Emp	$200,876	$31,192	$232,068
JACOB PARKER	SENIOR DIRECTOR, GOVERNMENT RELATIONS	40.00	Highest	$195,742	$39,884	$235,626
GEOFFREY KOHL	SENIOR DIRECTOR, MARKETING	40.00	Highest	$174,652	$39,153	$213,805
ELIZABETH REGES	DIRECTOR, LEARNING AND DEVELOPMENT	40.00	Highest	$159,823	$24,864	$184,687
RONALD HAWKINS	DIRECTOR, INDUSTRY RELATIONS	40.00	Highest	$146,800	$20,332	$167,132
CAMERON WALKER-MILLER	DIRECTOR, STANDARDS AND TECHNOLOGY	40.00	Highest	$120,599	$20,948	$141,547

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	$7,351,857	$7,364,004	$14,223,907	$-12,147
2022	$6,524,105	$6,631,669	$11,375,085	$-107,564
2021	$5,329,982	$5,507,156	$13,559,293	$-177,174
2019	$6,779,129	$6,544,964	$12,290,227	$234,165
2018	$7,151,916	$6,597,680	$11,214,081	$554,236

SECURITY INDUSTRY ASSOCIATION