Security Hardware Distributors Association Inc
Security Hardware Distributors Association Inc. maintains stable assets with no officer compensation, despite recent operating deficits.
EIN: 112301434 · Washington, DC · Updated: 2026-03-28
Is Security Hardware Distributors Association Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Security Hardware Distributors Association Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Security Hardware Distributors Association Inc
Security Hardware Distributors Association Inc (EIN: 112301434) is a nonprofit organization based in Washington, DC. The organization reported total revenue of $473K and total assets of $691K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Security Hardware Distributors Association Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Security Hardware Distributors Association Inc is a small nonprofit that has been operating for 52 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $389K |
| Total Expenses | $420K |
| Surplus / Deficit | $-31,222 |
| Total Assets | $696K |
| Total Liabilities | $43K |
| Net Assets | $654K |
| Operating Margin | -8.0% |
| Debt-to-Asset Ratio | 6.1% |
| Months of Reserves | 19.9 months |
Financial Health Grade: B
In 2023, Security Hardware Distributors Association Inc reported a deficit of $31K with expenses exceeding revenue, holds 19.9 months of operating reserves (strong position), has a debt-to-asset ratio of 6.1% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Security Hardware Distributors Association Inc's revenue has grown at a compound annual growth rate (CAGR) of 2.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +11.4% | +21.4% | -9.1% |
| 2022 | +16.8% | +16.1% | +0.1% |
| 2021 | +81.8% | +113.4% | +1.2% |
| 2020 | -57.9% | -63.2% | +6.5% |
| 2019 | -5.7% | +19.8% | +2.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1974 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Security Hardware Distributors Association Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Security Hardware Distributors Association Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $31K, with expenses exceeding revenue.
- Debt-to-asset ratio: 6.1%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries or benefits are paid to officers, which is highly commendable for a nonprofit of its size (latest revenue $473,164).
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Security Hardware Distributors Association Inc's IRS 990 filings:
- Occasional operating deficits (e.g., 202312: expenses $419,799 vs. revenue $388,577)
Strengths
The following positive indicators were identified for Security Hardware Distributors Association Inc:
- 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)
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) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does Security Hardware Distributors Association Inc spend its money?
Security Hardware Distributors Association Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Security Hardware Distributors Association Inc tax-deductible?
Security Hardware Distributors Association Inc is registered as a tax-exempt nonprofit (EIN: 112301434). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Security Hardware Distributors Association Inc. financially stable?
Yes, the organization appears financially stable. While the 202312 filing showed expenses ($419,799) exceeding revenue ($388,577), their assets ($696,389) significantly outweigh liabilities ($42,664), indicating strong reserves.
Does Security Hardware Distributors Association Inc. pay its officers?
No, the organization consistently reports 0% officer compensation across all available IRS 990 filings, indicating no salaries or benefits are paid to its officers.
How has the organization's revenue trended recently?
Revenue has fluctuated, with a notable increase from $164,264 in 202012 to $388,577 in 202312, showing recovery and growth after a dip.
Filing History
IRS 990 filing history for Security Hardware Distributors Association Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Security Hardware Distributors Association Inc's revenue has grown by 32.1%, moving from $294K to $389K. Total assets increased by 196% over the same period, from $235K to $696K. Total functional expenses rose by 60%, from $262K to $420K. In its most recent filing year (2023), Security Hardware Distributors Association Inc reported a deficit of $31K, with expenses exceeding revenue. The organization holds $43K in liabilities against $696K in assets (debt-to-asset ratio: 6.1%), resulting in net assets of $654K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $389K | $420K | $696K | $43K | — | — |
| 2022 | $349K | $346K | $766K | $81K | — | View 990 |
| 2021 | $299K | $298K | $765K | $83K | — | View 990 |
| 2020 | $164K | $140K | $756K | $75K | — | View 990 |
| 2019 | $391K | $380K | $710K | $54K | — | View 990 |
| 2018 | $414K | $317K | $696K | $50K | — | View 990 |
| 2017 | $396K | $345K | $628K | $79K | — | View 990 |
| 2016 | $358K | $301K | $553K | $56K | — | View 990 |
| 2015 | $351K | $307K | $516K | $75K | — | View 990 |
| 2014 | $357K | $299K | $464K | $68K | — | View 990 |
| 2013 | $334K | $261K | $438K | $100K | — | View 990 |
| 2012 | $331K | $296K | $354K | $87K | — | View 990 |
| 2011 | $294K | $262K | $235K | $3K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $389K, expenses of $420K, and assets of $696K (revenue +11.4% year-over-year).
- 2022: Revenue of $349K, expenses of $346K, and assets of $766K (revenue +16.8% year-over-year).
- 2021: Revenue of $299K, expenses of $298K, and assets of $765K (revenue +81.8% year-over-year).
- 2020: Revenue of $164K, expenses of $140K, and assets of $756K (revenue -57.9% year-over-year).
- 2019: Revenue of $391K, expenses of $380K, and assets of $710K (revenue -5.7% year-over-year).
- 2018: Revenue of $414K, expenses of $317K, and assets of $696K (revenue +4.7% year-over-year).
- 2017: Revenue of $396K, expenses of $345K, and assets of $628K (revenue +10.6% year-over-year).
- 2016: Revenue of $358K, expenses of $301K, and assets of $553K (revenue +2.0% year-over-year).
- 2015: Revenue of $351K, expenses of $307K, and assets of $516K (revenue -1.7% year-over-year).
- 2014: Revenue of $357K, expenses of $299K, and assets of $464K (revenue +6.8% year-over-year).
- 2013: Revenue of $334K, expenses of $261K, and assets of $438K (revenue +1.0% year-over-year).
- 2012: Revenue of $331K, expenses of $296K, and assets of $354K (revenue +12.5% year-over-year).
- 2011: Revenue of $294K, expenses of $262K, and assets of $235K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Security Hardware Distributors Association Inc:
Data Sources and Methodology
This transparency report for Security Hardware Distributors Association Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.