JAPAN SOCIETY INC

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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

1907

Legal Domicile

Principal Officer

JOSHUA WALKER PHD

Phone

2127151287

Tax Period

2024-07-01 to 2025-06-30

JAPAN SOCIETY INC, founded in 1907, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $14.9M in total revenue in fiscal year 2024. Revenue grew 19% year-over-year, indicating healthy expansion. Expenses of $14.0M left a modest 6% surplus.

Mission

JAPAN SOCIETY IS THE PREMIER ORGANIZATION CONNECTING JAPANESE ARTS, CULTURE, BUSINESS, AND SOCIETY WITH AUDIENCES IN NEW YORK AND AROUND THE WORLD. IN FY2024, ATTENDANCE ONSITE WAS 36.9K WITH 3.3K PARTICIPATING IN ONLINE PROGRAMS.

Program Service Accomplishments

Program 1

Expenses: $2,059,940 Revenue: $35,307

GALLERY: (SEE SCHEDULE O)

Program 2

Expenses: $1,473,659 Revenue: $1,458,585

THE LANGUAGE CENTER: (SEE SCHEDULE O)

Program 3

Expenses: $1,414,631 Revenue: $183,069

PERFORMING ARTS: (SEE SCHEDULE O)

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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 (2024)

Revenue Breakdown

Contributions & Grants $6,032,653

Program Service Revenue $2,054,916

Investment Income $5,265,151

Other Revenue $1,535,818

TOTAL REVENUE $14,888,538

Expense Breakdown

Grants Paid $0

Salaries & Benefits $8,654,452

Fundraising Expenses $1,647,561

Program Expenses $8,638,975

Other Expenses $5,378,553

TOTAL EXPENSES $14,033,005

Year-over-Year Comparison

	2024	2023	Change
Revenue	$14,888,538	$12,548,989	+0.2%
Expenses	$14,033,005	$14,157,245	0.0%
Net Income	$855,533	$-1,608,256	-1.5%

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

110

Volunteers

335

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

$957,018

Total Directors

$609,634

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MERIT E JANOW	CHAIR	3.00	Officer Director	$0	$0	$0
TOBY S MYERSON	VICE CHAIR	3.00	Officer Director	$0	$0	$0
HIROFUMI OTSUKA	VICE CHAIR	3.00	Officer Director	$0	$0	$0
DOUGLAS L PETERSON	VICE CHAIR	3.00	Officer Director	$0	$0	$0
SUSAN J ONUMA	SECRETARY	3.00	Officer Director	$0	$0	$0
GERALD L CURTIS	DIRECTOR	3.00	Director	$0	$0	$0
ARIEL J DECKELBAUM	DIRECTOR	3.00	Director	$0	$0	$0
RICHARD A DRUCKER	DIRECTOR	3.00	Director	$0	$0	$0
BRADLEY EDMISTER	DIRECTOR	3.00	Director	$0	$0	$0
LOUIS J FORSTER	DIRECTOR	3.00	Director	$0	$0	$0
JEFFREY GILL	DIRECTOR (FROM 10/2024)	3.00	Director	$0	$0	$0
ROSE MARIE E GLAZER	DIRECTOR (FROM 3/2025)	3.00	Director	$0	$0	$0
CAROL GLUCK	DIRECTOR	3.00	Director	$0	$0	$0
SUSAN GREENWELL	DIRECTOR (FROM 6/2025)	3.00	Director	$0	$0	$0
KENZO HAKUTA	DIRECTOR	3.00	Director	$0	$0	$0
KAREN HALBY	DIRECTOR	3.00	Director	$0	$0	$0
KEN HATAKEYAMA	DIRECTOR (FROM 6/2025)	3.00	Director	$0	$0	$0
KEIKO HONDA	DIRECTOR (FROM 6/2025)	3.00	Director	$0	$0	$0
YOSUKE HONJO	DIRECTOR	3.00	Director	$0	$0	$0
KEISHI HOTSUKI	DIRECTOR	3.00	Director	$0	$0	$0
ERI KAKUTA	DIRECTOR	3.00	Director	$0	$0	$0
ROBERT A KARR	DIRECTOR	3.00	Director	$0	$0	$0
SATOSHI KAWAMURA	DIRECTOR	3.00	Director	$0	$0	$0
HIROSHI KAWANO	DIRECTOR (FROM 6/2025)	3.00	Director	$0	$0	$0
TETSUO KAWATE	DIRECTOR	3.00	Director	$0	$0	$0
LINDA KIRKPATRICK	DIRECTOR	3.00	Director	$0	$0	$0
MASAHIRO KOIKE	DIRECTOR (TO 6/2025)	3.00	Director	$0	$0	$0
JAMES KONDO	DIRECTOR (FROM 10/2024)	3.00	Director	$0	$0	$0
GARY KOZLOWSKI	DIRECTOR	3.00	Director	$0	$0	$0
ALAN S MACDONALD	DIRECTOR	3.00	Director	$0	$0	$0
KEIJI MACHIDA	DIRECTOR	3.00	Director	$0	$0	$0
JUN MAKIHARA	DIRECTOR	3.00	Director	$0	$0	$0
TORU MATSUI	DIRECTOR (FROM 6/2025)	3.00	Director	$0	$0	$0
SHUJI MATSUURA	DIRECTOR	3.00	Director	$0	$0	$0
THEODORE MILLER	DIRECTOR	3.00	Director	$0	$0	$0
THOMAS K MONTAG	DIRECTOR	3.00	Director	$0	$0	$0
GARY MORIWAKI	DIRECTOR	3.00	Director	$0	$0	$0
SATORU MURASE	DIRECTOR	3.00	Director	$0	$0	$0
JAMES NASH	DIRECTOR (TO 3/2025)	3.00	Director	$0	$0	$0
YUKI NIINAMI	DIRECTOR (FROM 10/2024)	3.00	Director	$0	$0	$0
SHINICHI OKAMOTO	DIRECTOR (FROM 6/2025)	3.00	Director	$0	$0	$0
TATSUO OKAZAKI	DIRECTOR	3.00	Director	$0	$0	$0
JOSEPH R PERELLA	DIRECTOR	3.00	Director	$0	$0	$0
JASON REKATE	DIRECTOR	3.00	Director	$0	$0	$0
TAMAO SASADA	DIRECTOR (FROM 10/2024)	3.00	Director	$0	$0	$0
RICHARD N SHAAK	DIRECTOR	3.00	Director	$0	$0	$0
DANIEL SIMKOWITZ	DIRECTOR (FROM 3/2025)	3.00	Director	$0	$0	$0
DAVID SNODDY	DIRECTOR	3.00	Director	$0	$0	$0
JOSHUA N SOLOMON	DIRECTOR	3.00	Director	$0	$0	$0
YUJI SUGIMOTO	DIRECTOR	3.00	Director	$0	$0	$0
YOSHITERU TERRY SUZUKI	DIRECTOR	3.00	Director	$0	$0	$0
GARY M TALARICO	DIRECTOR	3.00	Director	$0	$0	$0
KOTARO TAMEDA	DIRECTOR (FROM 6/2025)	3.00	Director	$0	$0	$0
DONALD J TOUMEY	DIRECTOR	3.00	Director	$0	$0	$0
SAYU UENO	DIRECTOR (TO 6/2025)	3.00	Director	$0	$0	$0
TOMONORI TOM WADA	DIRECTOR (TO 6/2025)	3.00	Director	$0	$0	$0
KEVIN WILLSEY	DIRECTOR	3.00	Director	$0	$0	$0
AKIRA YAMAMOTO	DIRECTOR	3.00	Director	$0	$0	$0
NAOHIKO YOSHIKAWA	DIRECTOR	3.00	Director	$0	$0	$0
MICHAEL ZARCONE	DIRECTOR (TO 3/2025)	3.00	Director	$0	$0	$0
JOSHUA W WALKER	PRESIDENT & CEO	40.00	Officer Director	$571,979	$37,655	$609,634
LISA BERMUDEZ	EXECUTIVE VICE PRESIDENT	40.00	Officer	$295,872	$51,512	$347,384
GREGORY CORSICO	VICE PRES OF DEVELOPMENT	40.00	Highest	$245,360	$64,700	$310,060
YOKO SHIOYA	ARTISTIC DIRECTOR	40.00	Highest	$179,659	$31,536	$211,195
MICHELE BAMBLING	SR DIR, GALLERY	40.00	Highest	$156,249	$42,006	$198,255
TOMOKO OKUNO	SR DIR BUS & POLICY FORUM (FORMER)	40.00	Highest	$156,114	$56,938	$213,052
KIMBERLY WOODWARD	SR DIR, OPERATIONS	40.00	Highest	$145,814	$26,555	$172,369

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
2025	$14,888,538	$14,033,005	$84,509,401	$855,533
2024	$12,548,989	$14,157,245	$79,819,549	$-1,608,256
2023	$10,272,251	$13,732,677	$75,380,892	$-3,460,426
2022	$17,405,856	$11,751,044	$74,080,540	$5,654,812
2021	$10,515,982	$10,181,792	$91,776,832	$334,190
2020	$9,820,943	$11,584,799	$75,635,167	$-1,763,856
2019	$11,302,094	$10,817,694	$78,004,329	$484,400
2018	$12,003,866	$11,636,180	$77,200,768	$367,686