NIPPON KAIJI KYOKAI

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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

1980

Principal Officer

YUKIHISA SHIBATA

Phone

2019448021

Tax Period

2023-01-01 to 2023-12-31

NIPPON KAIJI KYOKAI, founded in 1980, is a community nonprofit that reported $8.5M in total revenue in fiscal year 2023. Revenue decreased 11% compared to the prior year. The organization ran a surplus of $2.4M, a strong 29% operating margin.

Mission

INTERNATIONAL CLASSIFICATION ORGANIZATION THAT ISSUES CERTIFICATES UPON THE INSPECTION OF SHIPS TO SAFEGUARD LIFE AND PROPERTY AT SEA AND PREVENTS MARINE ACCIDENTS.

Program Service Accomplishments

Program 1

SURVEY FOR CLASSIFICATION OF SHIPS AND FOR INSTALLATION OF MACHINERY, ELECTRICAL AND AUTOMATION, NAVIGATION, CARGO CONTAINMENT AND CARGO SYSTEMS.

Program 2

LIAISON AMONG GOVERNMENT AGENCIES, SHIP OWNERS, AND SOCIETY

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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 $8,372,551

Investment Income $0

Other Revenue $80,297

TOTAL REVENUE $8,452,848

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,442,143

Fundraising Expenses $0

Other Expenses $1,594,106

TOTAL EXPENSES $6,036,249

Year-over-Year Comparison

	2023	2022	Change
Revenue	$8,452,848	$9,538,190	-0.1%
Expenses	$6,036,249	$6,628,074	-0.1%
Net Income	$2,416,599	$2,910,116	-0.2%

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

N/A

Independent Members

N/A

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

Total Directors

Key Employees

$329,433

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
YUKIHISA SHIBATA	REGIONAL MANAGER	40.00	Key Emp	$329,433	$0	$329,433
STEWART SAEDONG LEE	REGIONAL TUTOR	40.00	Highest	$177,622	$0	$177,622
TOMOYA TAKANO	GENERAL MANAGER	40.00	Highest	$208,406	$0	$208,406
HIROSHI KONISHI	DEPUTY GENERAL MANAGER	40.00	Highest	$303,133	$0	$303,133
JAMES BOUCHER	GENERAL MANAGER	40.00	Highest	$172,954	$0	$172,954
NAOSHI TAKEMASA	GENERAL MANAGER	40.00	Highest	$259,133	$0	$259,133

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	$8,452,848	$6,036,249	$17,153,329	$2,416,599
2022	$9,538,190	$6,628,074	$14,743,375	$2,910,116
2021	$8,805,815	$5,852,767	$11,826,785	$2,953,048
2020	$7,011,325	$5,624,232	$8,856,357	$1,387,093
2019	$8,274,232	$6,293,412	$7,471,785	$1,980,820
2018	$8,000,493	$6,366,877	$5,485,697	$1,633,616