Shared Security Alliance Inc
Nonprofit profile at a glance
- EIN
- 993276178
- IRS 990 coverage
- 2024–2024
- Forms available
- Form 990 2024
- Location
- Los Angeles, CA, USA
- Phone
- 8586925054
- Rating
- 48
- Verdict
- MIXED
- Rating confidence
- Moderate
Reported finances
- Revenue
- $361,175
- Expenses
- $189,666
- Assets
- $171,509
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
3 people listed
Executive titles in this filing
- ADAM WINNICK (President & CEO)
People named in this filing
- ADAM WINNICK (President & CEO)
- GRAZIELLA CAMATA (Secretary)
- NICK TANG (Treasurer)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The corporation is organized to support developer adoption of shared security to improve the decentralized web through education and advocacy.
What it reported doing in 2024
Conducted a shared security symposium, a conference held in brussels.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
MIXED - The filed numbers largely add up and revenue comfortably covers expenses. A relatively small share of available resources goes toward mission work and a relatively small share of voting board members are independent.
Rating breakdown
- Financial Efficiency: 43
- Transparency & Controls: 90
- Accountability: 0
- Sustainability: 72
- Growth: NotEnoughData
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 35.6%; rating input score 36
- Program expense ratio: 67.8%; rating input score 68
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 0%; rating input score 0; 7th percentile among comparable filings
- Governance controls: 0 of 7 controls in place; rating input score 0
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Fail
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 47.5%; rating input score 91; 91st percentile among comparable filings
- Total-asset coverage ratio: 0.9; rating input score 38; 38th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 80; 80th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 69; 69th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: Limited
- Asset growth: Limited
Details
- Where the money goes: 35.6% of revenue deployed · 67.8% of spending went to programs
- Governance: 0 of 3 board members independent · 0 of 7 filing controls reported
- Programs: 1 filed program accomplishment · $129K in reported program spending
- Leadership: top reported pay $0 · 3 people listed
- Consistency: 13 of 13 current checks pass
- Schedules: 2 filed schedules
- Contacts: How to reach this organization
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Financial Efficiency: Mission deployment rate scored 36/100.
- High — Accountability: Independent voting board scored 0/100.
- High — Accountability: Governance controls: 6 of 6 not reported.
- Moderate — Sustainability: Total-asset coverage ratio scored 38/100.