The Rich Gets Richer - ASISBy: John Honovich, Published on Mar 05, 2013
Who says there is no money to be made in physical security? Evidently, they do not know the executives at non-profit security organization ASIS. Many were shocked by our investigation last year that found their average executive's 2010 total compensation was over $300,000 (while others frantically tried to submit their resume). Well, here's good news for fans of income inequality - 2011 was a robust year for ASIS executives.
As a whole, ASIS saw revenues increase ~10% from ~$27 million USD in 2010 to $29.5 million in 2011. ASIS executives, though, saw their total compensation jump 21% from a robust $330,000 to over $400,000. See the side by side charts below:
Indeed, every ASIS executive, without exception, earned more.
On a dollar basis, what drove ASIS overall revenue was primarily trade show spending from manufacturers, up $2.1 million with education also contributing $600,000 more. Education revenue increases are particularly ironic, driven on the back of a small army of volunteer experts.
2012 financial results will be interesting as turnout at their major show in Philadelphia was, by all accounts, light. We'll have to wait until next year to see if ASIS executives can power through the half million milestone.