United Seamens Service Inc (EIN 135562370) - 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

1942

Legal Domicile

Phone

2013691100

Tax Period

2023-01-01 to 2023-12-31

United Seamens Service Inc, founded in 1942, is a community nonprofit that reported $2.2M in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion.

Mission

TO PROMOTE THE WELFARE OF US SEAFARERS & THEIR DEPENDENTS, SEAFARERS OF ALL NATIONS, US GOVERNMENT, MILITARY AND CIVILIAN PERSONNEL, AND OTHERS ENGAGED IN THE MARITIME INDUSTRY.

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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 $536,590

Program Service Revenue $0

Investment Income $3,095

Other Revenue $1,696,006

TOTAL REVENUE $2,235,691

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,435,154

Fundraising Expenses $98,097

Program Expenses $1,839,310

Other Expenses $1,017,260

TOTAL EXPENSES $2,452,414

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,235,691	$2,034,059	+0.1%
Expenses	$2,452,414	$2,085,897	+0.2%
Net Income	$-216,723	$-51,838	+3.2%

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

Independent Members

Employees

Volunteers

174

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

$189,250

Total Directors

$89,589

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CAPTAIN REMO DI FIORE	VICE PRESIDENT/BOARD MEMBER	0.5	Officer Director	$0	$0	$0
CAPTAIN DON MARCUS	VICE PRESIDENT/BOARD MEMBER	0.5	Officer Director	$0	$0	$0
DR CONRADO F OCA	VICE PRESIDENT/BOARD MEMBER	1.0	Officer Director	$0	$0	$0
MR ADAM VOKAC	VICE PRESIDENT/BOARD MEMBER	0.5	Officer Director	$0	$0	$0
MR DONALD E KADLAC	SECRETARY/BOARD MEMBER	2.0	Officer Director	$0	$0	$0
MR EDWARD R MORGAN	PRESIDENT/BOARD MEMBER	5.0	Officer Director	$0	$0	$0
MR JAMES GIVEN	VICE PRESIDENT/BOARD MEMBER	0.5	Officer Director	$0	$0	$0
MR MICHAEL SACCO	VICE PRESIDENT/BOARD MEMBER	1.0	Officer Director	$0	$0	$0
MR MITSUHARU MATSUURA	VICE PRESIDENT/BOARD MEMBER	1.0	Officer Director	$0	$0	$0
MR PAUL DOELL	VICE PRESIDENT/BOARD MEMBER	0.5	Officer Director	$0	$0	$0
MR PHILIP W J FISHER	TREASURER/BOARD MEMBER	2.0	Officer Director	$0	$0	$0
MR STEPHEN COTTON	VICE PRESIDENT/BOARD MEMBER	0.5	Officer Director	$0	$0	$0
Roger T Korner	Executive Director	35.0	Officer Director	$57,802	$31,787	$89,589
YURY SUKHORUKOV	VICE PRESIDENT/BOARD MEMBER	0.5	Officer Director	$0	$0	$0
CAPTAIN FRED FINGER	BOARD MEMBER	0.5	Director	$0	$0	$0
CAPTAIN THOMAS LARKIN	BOARD MEMBER	0.5	Director	$0	$0	$0
CAPTAIN THOMAS W MERRELL	BOARD MEMBER	0.5	Director	$0	$0	$0
LTG KENNETH R WYKLE USA	BOARD MEMBER	3.0	Director	$0	$0	$0
MR AUGUSTIN TELLEZ	BOARD MEMBER	0.5	Director	$0	$0	$0
MR C JAMES PATTI	BOARD MEMBER	0.5	Director	$0	$0	$0
MR DAVID HEINDEL	BOARD MEMBER	4.0	Director	$0	$0	$0
MR DON JOSBERGER	BOARD MEMBER	0.5	Director	$0	$0	$0
MR ED HANLEY	BOARD MEMBER	0.5	Director	$0	$0	$0
MR F ANTHONY NACCARATO	CHAIRMAN, EXECUTIVE COMMITTEE	4.0	Director	$0	$0	$0
MR JAMES L HENRY	BOARD MEMBER	1.0	Director	$0	$0	$0
MR JOHN L DEGURSE JR	GENERAL COUNSEL/BOARD MEMBER	5.0	Director	$0	$0	$0
MR JOSEPH J COX	BOARD MEMBER	3.0	Director	$0	$0	$0
MR PHILIP SHAPIRO	BOARD MEMBER	0.5	Director	$0	$0	$0
MR ROBERT RICE	BOARD MEMBER	0.5	Director	$0	$0	$0
MR ROLAND REXHA	BOARD MEMBER	0.5	Director	$0	$0	$0
MR STEPHEN LYMAN	BOARD MEMBER	0.5	Director	$0	$0	$0
MR WILLIAM D POTTS	BOARD MEMBER	0.5	Director	$0	$0	$0
MR WILLIAM NURTHEN	BOARD MEMBER	0.5	Director	$0	$0	$0
RADM PHILIP H GREENE JR	BOARD MEMBER	1.0	Director	$0	$0	$0
VADM WILLIAM A BROWN USN	BOARD MEMBER	0.5	Director	$0	$0	$0
YU-ZHENG NI	CHIEF FINANCIAL OFFICER	35.0	Officer	$76,300	$23,361	$99,661

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	$2,235,691	$2,452,414	$1,143,648	$-216,723
2022	$2,077,362	$2,141,967	$1,269,534	$-64,605
2022	$2,034,059	$2,085,897	$1,294,535	$-51,838
2021	$2,109,449	$1,934,988	$1,391,947	$174,461
2021	$2,109,449	$1,934,988	$1,391,947	$174,461
2020	$2,257,305	$2,133,115	$1,307,274	$124,190
2019	$2,565,330	$2,330,998	$1,116,749	$234,332
2019	$2,559,461	$2,430,446	$1,116,777	$129,015
2018	$2,462,302	$2,413,097	$909,351	$49,205
2018	$2,309,146	$2,347,347	$975,101	$-38,201

United Seamens Service Inc