FASHION ACCESSORIES SHIPPERS ASSOC… - Form 990 Financial Data

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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

1986

Legal Domicile

Principal Officer

KENNETH O'BRIEN

Phone

2129473424

Tax Period

2025-01-01 to 2025-12-31

FASHION ACCESSORIES SHIPPERS ASSOCIATION INC, founded in 1986, is a community nonprofit in the Community Improvement sector that reported $9.8M in total revenue in fiscal year 2025. Revenue surged 26% from the prior year, signaling strong growth momentum. The organization ran a surplus of $3.0M, a strong 30% operating margin.

Mission

FASA, AS A TRADE ASSOCIATION, DISSEMINATES CURRENT INFORMATION TO THOSE IN THE FASHION ACCESSORY INDUSTRY, SUCH AS MANUFACTURERS, SHIPPERS, AND IMPORTERS, INCLUDING UP-TO-DATE INTERNATIONAL TRADE AND SHIPPING INFORMATION, ADVISING ON LEGAL AND GOVERNMENTAL AFFAIRS IMPACTING THE INDUSTRY, SUPPLYING U.S. CUSTOMS INFORMATION WHILE ALSO OFFERING ACCESS TO COST EFFECTIVE LOGISTICS DATA AND SERVICES.

Program Service Accomplishments

Program 1

PROVIDING REPRESENTATION TO AND PROMOTING THE INTERESTS OF THE FASHION ACCESSORY INDUSTRY BEFORE STATE AND FEDERAL GOVERNMENTAL RULE MAKING AGENCIES AND ELECTED OFFICIALS.

Program 2

PROVIDING UP TO DATE INTERNATIONAL TRADE AND SHIPPING INFORMATION, PROVIDING ADVICE IN LEGAL AND GOVERNMENTAL AFFAIRS, SUPPLYING U.S. CUSTOMS INFORMATION AND PROMOTING THE FUTURE DEVELOPMENT OF THE INDUSTRY AND ITS LOGISTICS INTERESTS THROUGH STUDENT INTERNSHIP PLACEMENTS WITHIN THE FASHION ACCESSORY INDUSTRY.

Program 3

PROVIDING INFORMATION TO THE FASHION ACCESSORY TRADE AND RELATED INDUSTRIES TO PERMIT THEM TO ACCESS COST EFFECTIVE LOGISTICS SERVICES,INCLUDING FREIGHT AUDITING.

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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 $9,056,957

Investment Income $768,883

Other Revenue $0

TOTAL REVENUE $9,825,840

Expense Breakdown

Grants Paid $7,050

Salaries & Benefits $3,958,775

Fundraising Expenses $0

Other Expenses $2,878,257

TOTAL EXPENSES $6,844,082

Year-over-Year Comparison

	2025	2024	Change
Revenue	$9,825,840	$7,773,143	+0.3%
Expenses	$6,844,082	$5,777,608	+0.2%
Net Income	$2,981,758	$1,995,535	+0.5%

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

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

$1,328,055

Total Directors

$2,320,897

Key Employees

$533,550

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SARA MAYES	BOARD MEMBER	2.00	Director	$45,000	$0	$45,000
DAVID HARARI	TREASURER	2.00	Director	$45,000	$0	$45,000
STEVEN HEDAYA	SECRETARY	2.00	Director	$45,000	$0	$45,000
RON VAN BAVEL	BOARD MEMBER	2.00	Director	$45,000	$0	$45,000
KENNETH O'BRIEN	PRESIDENT	40.00	Officer Director	$1,288,263	$39,792	$1,328,055
JOSHUA GRETSCHMANN	DIRECTOR	40.00	Director	$256,601	$9,505	$266,106
NILANJAN MITRA THAKUR	DIRECTOR	40.00	Director	$250,174	$18,440	$268,614
JOHN WESTWOOD	DIRECTOR	40.00	Director	$248,177	$29,945	$278,122
NICOLE UCHRIN	MANAGING DIR	40.00	Key Emp	$232,385	$18,961	$251,346
JONATHAN SHORTS	IT DIRECTOR	40.00	Key Emp	$255,266	$26,938	$282,204
PATRICK SANTANGELO	EMPLOYEE	40.00	Highest	$169,246	$14,053	$183,299
ARLENE LOIS BLOCKER	EMPLOYEE	40.00	Highest	$161,328	$23,934	$185,262
ANNA GORBATOVA-DOBRAN	EMPLOYEE	40.00	Highest	$173,289	$29,277	$202,566
INDRANI MITRA THAKUR	EMPLOYEE	40.00	Highest	$186,372	$22,573	$208,945
ALYSSA ROSE DOHERTY	EMPLOYEE	40.00	Highest	$116,215	$4,376	$120,591

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	$9,825,840	$6,844,082	$13,150,095	$2,981,758
2024	$7,773,143	$5,777,608	$10,315,443	$1,995,535
2023	$4,991,960	$4,966,477	$8,194,214	$25,483
2022	$6,079,598	$5,109,781	$8,164,666	$969,817
2021	$5,965,806	$4,737,802	$7,179,083	$1,228,004
2020	$4,099,156	$4,017,802	$5,955,165	$81,354
2019	$4,904,794	$4,918,298	$6,047,155	$-13,504
2018	$4,073,213	$4,380,095	$5,829,814	$-306,882

FASHION ACCESSORIES SHIPPERS ASSOCIATION INC