American Bureau of Shipping (EIN 134921556) - Form 990 Financial Analysis & Trantor Score

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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

1862

Legal Domicile

Principal Officer

Laura C Fulton

Phone

2818776000

Tax Period

2023-01-01 to 2023-12-31

American Bureau of Shipping, founded in 1862, is a major nonprofit that reported $541.5M in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $479.5M left a modest 11% surplus.

Mission

To promote the safety of life and property and to preserve the natural environment.

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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 $477,388,165

Investment Income $63,405,983

Other Revenue $688,454

TOTAL REVENUE $541,482,602

Expense Breakdown

Grants Paid $3,775,453

Salaries & Benefits $281,457,502

Fundraising Expenses $0

Other Expenses $194,233,183

TOTAL EXPENSES $479,466,138

Year-over-Year Comparison

	2023	2022	Change
Revenue	$541,482,602	$487,783,327	+0.1%
Expenses	$479,466,138	$427,437,389	+0.1%
Net Income	$62,016,464	$60,345,938	+0.0%

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

1098

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

$11,086,031

Total Directors

$6,659,339

Key Employees

$4,395,988

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Christopher J Wiernicki	Chairman & CEO	40.00	Officer Director	$3,022,020	$147,244	$3,169,264
John P McDonald	President & Chief Operating Officer (COO)	40.00	Officer Director	$942,655	$662,420	$1,605,075
David W Grzebinski	Director	1.00	Director	$210,000	$0	$210,000
Craig H Stevenson Jr	Director	1.00	Director	$210,000	$0	$210,000
Elizabeth D Whitaker	Director	1.00	Director	$210,000	$0	$210,000
Louis A Raspino Jr	Director	1.00	Director	$200,000	$0	$200,000
Michael L Carthew	Director	1.00	Director	$230,000	$0	$230,000
Phillip J Shapiro	Director	1.00	Director	$210,000	$0	$210,000
William E Jenkins	Director	1.00	Director	$215,000	$0	$215,000
Susan K Neely	Director	1.00	Director	$200,000	$0	$200,000
Darryl K Willis	Director	1.00	Director	$200,000	$0	$200,000
Mark H Ross	Director	1.00	Director	$0	$0	$0
Robert G Clyne	SVP & General Counsel, Secretary	40.00	Officer	$1,101,051	$123,057	$1,224,108
Derek S Novak	VP & Chief Engineer	40.00	Officer	$467,850	$78,022	$545,872
Laura C Fulton	SVP & Chief Financial Officer (CFO)	40.00	Officer	$955,335	$325,266	$1,280,601
Adam W Moilanen	VP & Chief Surveyor	40.00	Officer	$498,597	$212,325	$710,922
Chuck Raymond Kemper	SVP & Chief Human Resources Officer	40.00	Officer	$576,943	$105,357	$682,300
Kara Pelecky	SVP & Chief Information Officer (CIO)	40.00	Officer	$730,495	$30,271	$760,766
Patrick J Ryan	Senior VP , Engineering & Technology	40.00	Officer	$499,993	$96,986	$596,979
Jessica Mahaffey	VP & Chief Marketing Officer (CMO)	40.00	Officer	$394,982	$115,162	$510,144
Miguel Hernandez	SVP, Global Offshore Markets	40.00	Key Emp	$450,907	$25,262	$476,169
Annisa Lyvers	VP - Data Analytics	40.00	Key Emp	$364,845	$9,475	$374,320
Eric C Kleess	Senior VP - Eastern Hemisphere	40.00	Key Emp	$1,160,542	$18,048	$1,178,590
Arinjit Roy	SVP - Pacific & MEA Operations	40.00	Key Emp	$624,882	$20,307	$645,189
Joshua Lavire	VP, Health, Safety, Quality and Environment (HSQE)	40.00	Key Emp	$299,372	$30,271	$329,643
Bruce Baffer	SVP, Global Government Services	40.00	Key Emp	$479,797	$0	$479,797
Joshua Divin	SVP - Western Operations	40.00	Key Emp	$270,383	$30,271	$300,654
Paul Karam	VP, Operations - Greater China Region	40.00	Key Emp	$591,319	$20,307	$611,626
Varun Raghunathan	Principle Surveyor in Charge - Ghana and Cameroon	40.00	Highest	$427,209	$30,271	$457,480
Dhaval Mehta	VP, Regional Operations - Europe Northern Area	40.00	Highest	$453,120	$23,106	$476,226
Nathan Allen	Principle Surveyor - Accra Port	40.00	Highest	$416,627	$20,307	$436,934
William Harlan	VP Finance, Chief Accounting Officer	40.00	Highest	$406,218	$30,271	$436,489
James Clutterbuck	VP Finance, Corporate Treasury	40.00	Highest	$379,767	$9,475	$389,242
Maria F O'Neill Former Officer	SVP & Chief Information Officer (CIO)	40.00		$173,234	$0	$173,234
Matthew D Tremblay Former Key Emp	Senior VP, Global Offshore Markets	40.00		$379,757	$30,271	$410,028
Richard D Pride Former Key Emp	Senior VP - Western Hemisphere	40.00		$362,012	$30,271	$392,283

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	$541,482,602	$479,466,138	$2,119,439,453	$62,016,464
2022	$487,783,327	$427,437,389	$1,917,786,915	$60,345,938
2021	$455,186,369	$409,102,237	$2,068,648,082	$46,084,132
2020	$481,856,461	$416,819,653	$1,955,775,194	$65,036,808
2019	$451,933,813	$454,725,615	$1,801,153,735	$-2,791,802
2018	$460,171,472	$428,978,430	$1,695,844,542	$31,193,042

American Bureau of Shipping