WORLDSCALE ASSOCIATION (NYC) 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

1972

Legal Domicile

Principal Officer

THOMAS CUMMING

Phone

2124222786

Tax Period

2025-01-01 to 2025-12-31

WORLDSCALE ASSOCIATION (NYC) INC, founded in 1972, is a community nonprofit that reported $1.9M in total revenue in fiscal year 2025. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $1.8M left a modest 5% surplus.

Mission

THE MISSION OF THE ORGANIZATION IS TO ANALYZE SHIPPING COSTS AND UPLOAD ITS FINDINGS FOR SUBSCRIBING MEMBERS OF THE SHIPPING INDUSTRY.

Program Service Accomplishments

Program 1

WORLDSCALE ASSOCIATION (NYC), INC. PROVIDES A SERVICE TO THE MARITIME SECTOR OF THE OIL INDUSTRY BY CALCULATING INTERNATIONAL FREIGHT RATES BASED ON THE STIPULATED WORLDSCALE FORMULA. THE ORGANIZATON PROVIDES THESE NOMINAL FREIGHT RATES AS A STANDARD OF REFERENCE TO THOSE SUBSCRIBING TO THE SERVICE OF THE ASSOCIATON BY UPLOADING THE CALCULATED RATES TO ITS WEBSITE. WORLDSCALE ASSOCIATION (NYC) CURRENTLY HAS APPROXIMATELY 200 PAID SUBSCRIBERS.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,627,096

Investment Income $132,666

Other Revenue $174,150

TOTAL REVENUE $1,933,912

Expense Breakdown

Grants Paid $33,850

Salaries & Benefits $1,283,801

Fundraising Expenses $0

Other Expenses $518,085

TOTAL EXPENSES $1,835,736

Year-over-Year Comparison

	2025	2024	Change
Revenue	$1,933,912	$1,675,422	+0.2%
Expenses	$1,835,736	$1,807,952	+0.0%
Net Income	$98,176	$-132,530	-1.7%

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

$481,000

Total Directors

$35,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BASIL G MAVROLEON	CHAIRMAN/PRESIDENT	2.50	Officer Director	$5,000	$0	$5,000
BRUCE SULLIVAN	VICE CHAIRMAN/VICE-PRESIDE	1.75	Officer Director	$5,000	$0	$5,000
CHRISTOPER C YOUNG	TREASURER	1.50	Officer Director	$5,000	$0	$5,000
PETER HOWARD-JOHNSON JR	SECRETARY	1.50	Officer Director	$5,000	$0	$5,000
CLARE SCHMIDT	DIRECTOR	1.25	Director	$5,000	$0	$5,000
JOHN STICHTER	DIRECTOR	1.25	Director	$5,000	$0	$5,000
NEIL MULHERN	DIRECTOR	1.25	Director	$5,000	$0	$5,000
THOMAS CUMMING	EXECUTIVE DIRECTOR	40.00	Officer	$257,000	$24,500	$281,500
ELENOR MCGORTY	OPERATIONS DIRECTOR	40.00	Officer	$162,000	$17,500	$179,500
FAMATTA FREEMAN	MANAGER OF RATES & SYSTEMS	40.00	Highest	$114,946	$10,554	$125,500

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	$1,933,912	$1,835,736	$4,109,236	$98,176
2024	No data	No data	No data	No data
2023	$1,427,126	$1,822,805	$3,878,449	$-395,679
2022	$1,283,281	$1,706,048	$4,101,775	$-422,767
2021	$1,511,407	$1,781,247	$4,064,845	$-269,840
2020	$1,521,744	$1,805,654	$4,635,181	$-283,910
2019	$1,342,623	$1,905,764	$4,888,014	$-563,141
2018	$1,241,359	$1,795,917	$5,083,293	$-554,558