CHINA CLASSIFICATION SOCIETY

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1993

Legal Domicile

Principal Officer

CHUNSHENG HAN

Phone

7186129398

Tax Period

2023-01-01 to 2023-12-31

CHINA CLASSIFICATION SOCIETY, founded in 1993, is a community nonprofit that reported $2.0M in total revenue in fiscal year 2023.

Mission

THE ORGANIZATION IS CHARGED OF PROMOTING THE SECURITY OF LIFE AND PROPERTY ON THE SEAS AND PROTECTION OF THE MARINE ENVIRONMENT

Program Service Accomplishments

Program 1

Expenses: $1,374,303 Revenue: $2,046,939

IN THE PAST YEAR, CHINA CLASSIFICATION SOCIETY CARRIED OUT 101 CLASSIFICATION SURVEYS AND SURVEYS FOR CLASS MAINTENANCE TO SHIPS AND OFFSHORE INSTALLATIONS. THE CLASSIFICATION SOCIETY ALSO...

IN THE PAST YEAR, CHINA CLASSIFICATION SOCIETY CARRIED OUT 101 CLASSIFICATION SURVEYS AND SURVEYS FOR CLASS MAINTENANCE TO SHIPS AND OFFSHORE INSTALLATIONS. THE CLASSIFICATION SOCIETY ALSO PARTICIPATED IN THE DEVELOPMENT AND UPDATE VARIOUS KINDS OF RULES AND REGUALATIONS FOR THE CLASSIFICATION OF SHIPS AND OFFSHORE INSTALLATIONS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $2,046,939

Investment Income $203

Other Revenue $0

TOTAL REVENUE $2,047,142

Expense Breakdown

Grants Paid $0

Salaries & Benefits $998,783

Fundraising Expenses $0

Program Expenses $1,374,303

Other Expenses $1,065,456

TOTAL EXPENSES $2,064,239

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,047,142	$1,898,844	+0.1%
Expenses	$2,064,239	$1,977,544	+0.0%
Net Income	$-17,097	$-78,700	-0.8%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

N/A

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$197,660

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHUNSHENG HAN	GENERAL MANAGER	50.00	Officer	$197,660	$0	$197,660

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	No data	No data	No data	No data
2023	$2,047,142	$2,064,239	$1,506,891	$-17,097
2022	$1,898,844	$1,977,544	$1,944,654	$-78,700
2021	$2,239,327	$2,290,438	$1,379,225	$-51,111
2020	$1,554,373	$2,050,721	$1,453,106	$-496,348
2019	$2,097,548	$2,087,354	$2,064,077	$10,194
2018	$2,820,745	$2,690,255	$2,012,902	$130,490