Specialty Equipment Warranty Alliance
Nonprofit profile at a glance
- EIN
- 205938240
- IRS 990 coverage
- 2013–2024
- Forms available
- Form 990 2024
- Location
- Diamond Bar, CA, USA
- Phone
- 9099786707
- Rating confidence
- Limited
- Sector
- Consumer Protection
Reported finances
- Revenue
- $2,372,366
- Expenses
- $3,464,048
- Assets
- $176,987
- Liabilities
- $993,927
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
14 people listed
Executive titles in this filing
- MIKE SPAGNOLA (PRESIDENT & CEO)
- GIGI HO (VICE PRESIDENT)
Highest reported compensation
- MIKE SPAGNOLA (PRESIDENT & CEO): $617,349 total reported compensation
- GEORGE AFREMOW (FORMER VP & CFO): $425,878 total reported compensation
- GIGI HO (VICE PRESIDENT): $333,318 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
See schedule othe sema data program mission is to support the aftermarket auto products industry, increase sales of specialty auto parts and accessories through the creation of a universal adopted centralized data repository for the sema market, and to encourage, educate and train suppliers to take ownership of, and maintain their product data. This is being accomplished with the design and implementation of a sophisticated product information management solution (pims) that includes comprehensive online tools for suppliers to on-board, validate to industry standards and securely store and distribute their product data, supplemented by comprehensive live help desk services as needed. Additionally, receivers of product data are provided product data exports designed especially to their specific formatting requirements, and can manage content, frequency and delivery format of data exports through an online interface.
What it reported doing in 2024
See schedule othe sema data program mission is to support the aftermarket auto products industry, increase sales of specialty auto parts and accessories through the creation of a universally adopted centralized data repository for the sema market and to encourage, educate and train suppliers to take ownership of, and maintain their product data. This is being accomplished with the design and implementation of a sophisticated product information management solution (pims) that includes comprehensive online tools for suppliers to onboard, validate to industry standards and securely store and distribute their product data, supplemented by comprehensive live help desk services as needed. Additionally, receivers of product data are provided product data exports designed especially to their specific formatting requirements, and can manage content, frequency and delivery format of data exports through an online interface.sema data acquired partshub, a comprehensive catalog management solution that will enhance a participating manufacturer's ability to create and update industry standardized product information, regardless of their product data knowledge or expertise.integrating partshub's interface with the sdc product information management system makes it easy for manufacturers to organize and update their data for industry resellers. The updated interface also allows possible datasets that can easily be exported in formats that meet reseller needs.additional features include: cloud-based, all-in-one solution for pies/aces/digital assets, in-line edits and real-time validations, built-in workflows with view only and edit permissions, import and export to excel or bulk edit in-app, receiver-specific scorecards and readiness reports, one-click exports to resellers (xml, xls, etc.), commenting system for seamless collaboration
Operating model
- Revenue model
- Earned-program. 100% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.
Rating breakdown
- Financial Efficiency: NotEnoughData
- Transparency & Controls: 60
- Accountability: 86
- Sustainability: 2
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: Limited
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: 0 of 6 controls in place; rating input score 0
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Missing
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 6 of 9 controls in place; rating input score 67
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Fail
- Other executive compensation review process: Fail
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -46%; rating input score 2; 2nd percentile among comparable filings
- Total-asset coverage ratio: 0.05; rating input score 2; 2nd percentile among comparable filings
- Liabilities to assets ratio: 5.62; rating input score 0; 0th percentile among comparable filings
- Officer compensation ratio: 33.2%; rating input score 4; 4th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: 7% per year; rating input score 100; 54th percentile among comparable filings
- Asset growth: 2.2% per year; rating input score 100; 21st percentile among comparable filings
Details
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: 4 of 4 board members independent · 6 of 9 filing controls reported
- Programs: 1 filed program accomplishment
- Leadership: top reported pay $617K · 14 people listed · 0 of 6 pay-setting controls reported
- Consistency: 11 of 11 current checks pass
- Schedules: 5 filed schedules · includes executive pay
- Filing history: 12 filing years from 2013 to 2024
- Contacts: How to reach this organization
- Money network: 6 filed money-flow records
- Related organizations: 6 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- 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.
- High — Transparency & Controls: Pay-setting controls scored 0/100.
- Review — Accountability: Governance controls: 3 of 9 not reported.
- High — Sustainability: Operating margin scored 2/100.
- High — Sustainability: Total-asset coverage ratio scored 2/100.
- High — Sustainability: Liabilities to assets ratio scored 0/100.
- High — Sustainability: Officer compensation ratio scored 4/100.