Is Security Hardware Distributors Association Inc Legit?
Quick charity verification for Security Hardware Distributors Association Inc (EIN: 112301434)
Verdict: Security Hardware Distributors Association Inc appears trustworthy
85/100Mission Score
$473KRevenue
$691KAssets
1Red Flags
4Strengths
Red Flags
Occasional operating deficits (e.g., 202312: expenses $419,799 vs. revenue $388,577)
Strengths
Consistent reporting of 0% officer compensation
Strong asset-to-liability ratio (e.g., 202312: assets $696,389 vs. liabilities $42,664)
Stable asset base over time, indicating good financial management
Long and consistent IRS 990 filing history (13 filings)
Spending Breakdown
How Security Hardware Distributors Association Inc allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
15%
Admin Costs
Reasonable — admin costs in check
5%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Security Hardware Distributors Association Inc
Is Security Hardware Distributors Association Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Security Hardware Distributors Association Inc (EIN: 112301434) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
Is Security Hardware Distributors Association Inc a good charity to donate to?
Security Hardware Distributors Association Inc has a Mission Score of 85/100. Revenue: $473K. Assets: $691K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Security Hardware Distributors Association Inc?
The Employer Identification Number (EIN) for Security Hardware Distributors Association Inc is 112301434. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Security Hardware Distributors Association Inc spend its money?
Security Hardware Distributors Association Inc allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Security Hardware Distributors Association Inc's tax-exempt status?
You can verify Security Hardware Distributors Association Inc's tax-exempt status using EIN 112301434 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
The Security Hardware Distributors Association Inc. (SHDA) demonstrates consistent financial operations, with revenues and expenses generally in a similar range over the past decade. In the most recent filing (202312), the organization reported revenues of $388,577 against expenses of $419,799, indicating a slight deficit for that period. However, their asset base remains robust at $696,389, significantly exceeding liabilities of $42,664, suggesting a healthy financial reserve. The organization consistently reports 0% officer compensation, which is a strong indicator of transparency and a focus on mission-related spending rather than executive enrichment.
While specific program spending details are not provided in the summary data, the absence of officer compensation and the relatively stable financial position suggest that the organization's resources are likely directed towards its operational goals. The consistent filing history over 13 periods further enhances their transparency profile. The organization appears to be well-managed financially, maintaining a solid asset base despite fluctuations in annual revenue and expenses.
Overall, SHDA appears to be a financially stable organization with good transparency regarding executive compensation. Their ability to maintain a strong asset-to-liability ratio over time, even with occasional operating deficits, points to prudent financial management. Further analysis would require a deeper dive into their program service accomplishments and detailed expense breakdowns.