AMERICAN SPICE TRADE ASSOCIATION

EIN: 134924480

WASHINGTON, DC

Total Revenue
$2,077,841
Total Expenses
$1,908,989
Total Assets
$1,825,425
Net Assets
$1,577,658
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1908
Legal Domicile
NY
Principal Officer
LAURA SHUMOW
Phone
2022935800
Tax Period
2022-07-01 to 2023-06-30

AMERICAN SPICE TRADE ASSOCIATION, founded in 1908, is a community nonprofit that reported $2.1M in total revenue in fiscal year 2022. Revenue grew 18% year-over-year, indicating healthy expansion. Expenses of $1.9M left a modest 8% surplus.

Mission

AMERICAN SPICE TRADE ASSOCIATION, THE VOICE OF THE U.S. SPICE INDUSTRY, WORKS TO ENSURE THE SUPPLY OF CLEAN, SAFE SPICE, SHAPE PUBLIC POLICY ON BEHALF OF THE GLOBAL INDUSTRY AND ADVANCE THE BUSINESS INTERESTS OF ITS MEMBERS.

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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%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $2,125,540
Investment Income $-54,754
Other Revenue $7,055
TOTAL REVENUE $2,077,841

Expense Breakdown

Grants Paid $12,000
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $1,896,989
TOTAL EXPENSES $1,908,989

Year-over-Year Comparison

2022 2021 Change
Revenue $2,077,841 $1,762,110 +0.2%
Expenses $1,908,989 $1,820,524 +0.0%
Net Income $168,852 $-58,414 -3.9%
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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Governance

Voting Members
12
Independent Members
12
Employees
N/A
Volunteers
13

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
5
$0
Total Directors
13
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PONTUS MATTSSON PRESIDENT 1.00
Officer Director
$0 $0 $0
SUVAN SHARMA VICE PRESIDENT / SECRETARY 1.00
Officer Director
$0 $0 $0
PETER SAYIA TREASURER 1.00
Officer Director
$0 $0 $0
LARRY LICHTER IMMEDIATE PAST PRESIDENT 1.00
Officer Director
$0 $0 $0
MOSTAFA BEDAIR DIRECTOR 1.00
Director
$0 $0 $0
KERRI GOAD-BERRIOS DIRECTOR 1.00
Director
$0 $0 $0
BOB CLONEY DIRECTOR 1.00
Director
$0 $0 $0
CAROL KITCHEN DIRECTOR 1.00
Director
$0 $0 $0
BRIJESH KRISHNASWAMY DIRECTOR 1.00
Director
$0 $0 $0
LYNDA LATHROP DIRECTOR 1.00
Director
$0 $0 $0
JOHN MINARDI DIRECTOR 1.00
Director
$0 $0 $0
MANOJ RUPARELIA DIRECTOR 1.00
Director
$0 $0 $0
SUZANNE MUNSON ASSOCIATE GROUP DIRECTOR 1.00
Director
$0 $0 $0
LAURA SHUMOW EXECUTIVE DIRECTOR 40.00
Officer
$0 $0 $0
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 No data No data No data No data
2024 No data No data No data No data
2023 $2,077,841 $1,908,989 $1,825,425 $168,852
2022 $1,762,110 $1,820,524 $1,629,252 $-58,414
2021 $1,260,897 $1,035,815 $1,741,598 $225,082
2020 $1,272,168 $1,295,940 $1,597,794 $-23,772
2019 $1,510,711 $1,624,880 $1,545,058 $-114,169
2018 $1,567,246 $1,414,091 $1,632,250 $153,155
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