JERSEY CITY, NJ
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
TO PROMOTE THE WELFARE OF AMERICAN SEAFARERS AND THEIR DEPENDENTS, SEAFARERS OF ALL NATIONS, U.S. GOVERNMENT, MILITARY AND CIVILIAN PERSONNEL, AND OTHER PERSONS ENGAGED IN THE MARITIME INDUSTRY.
OVER THE LAST THREE PLUS YEARS, THE WIDE RANGING EFFECTS OF COVID-19, HAVE ADVERSELY IMPACTED THE ABILITY OF USS TO OPERATE AND MAINTAIN FULL SERVICES FOR SEAFARERS AT ITS SIX OVERSEAS CENTERS, WITH...
OVER THE LAST THREE PLUS YEARS, THE WIDE RANGING EFFECTS OF COVID-19, HAVE ADVERSELY IMPACTED THE ABILITY OF USS TO OPERATE AND MAINTAIN FULL SERVICES FOR SEAFARERS AT ITS SIX OVERSEAS CENTERS, WITH THE EXCEPTION OF BREMERHAVEN, WHICH USS PLANS TO REOPEN IN THE SPRING OF 2024, IF ADDITIONAL FUNDING IS SECURED. DURING THE SUMMER OF 2022, U.S. FORCES EXPANDED ITS USE OF AVAILABLE U.S. MARITIME SHIPPING TO DELIVER WEAPONS FOR THE WAR IN UKRAINE. ON AVERAGE THAT YEAR MPSRON TWO, HAD AN AVERAGE OF 8 TO 12 PRE-POSITIONED SHIPS IN THE DIEGO GARCIA LAGOON. IN APRIL 2023, ONLY 4 SHIPS RODE AT ANCHOR IN THE LAGOON. THE DECLINE IN SHIPPING SIGNIFICANTLY REDUCED THE CENTER'S INCOME AND PROGRAMS AT ALL USS CENTERS. THE CONTINUING AFTER EFFECTS OF COVID-19, AND THE INVASION OF UKRAINE HAVE COMBINED TO PLACE USS IN AN UNCERTAIN FINANCIAL SITUATION! SHIP RESTRICTIONS, LOCKDOWNS, AND AT TIMES, TEMPORARY CLOSINGS OF SOME CENTERS HAVE COME TOGETHER TO PRESENT IMMEDIATE FISCAL CHALLENGES. USS OPERATES A SEAFARER'S CENTER IN DIEGO GARCIA PROVIDING PROGRAMS AND SERVICES FOR MERCHANT MARINERS, I.E. TRANSPORTATION, COUNSELING, TELEPHONE AND INTERNET ACCESS, RECREATION AND SPORT ACTIVITIES, DINING ENTERTAINMENT, HOSPITAL VISITS, LIBRARY SERVICES AND ADVOCACY ON BEHALF OF SEAFARERS. USS DIEGO GARCIA PROVIDED SERVICES TO AMERICAN AND INTERNATIONAL SEAFARERS AND U.S. GOVERNMENT, MILITARY AND CIVILIAN PERSONNEL STATIONED ON DIEGO GARCIA. TOTAL NUMBER OF BENEFICIARIES: 56,450 USS OPERATES A SEAFARER'S CENTER IN YOKOHAMA PROVIDING PROGRAMS AND SERVICES FOR MERCHANT MARINERS, I.E. TRANSPORTATION, COUNSELING, TELEPHONE AND INTERNET ACCESS, RECREATION AND SPORT ACTIVITIES, DINING ENTERTAINMENT, HOSPITAL VISITS, LIBRARY SERVICES AND ADVOCACY ON BEHALF OF SEAFARERS. USS YOKOHAMA PROVIDED SERVICES TO 450 AMERICAN AND INTERNATIONAL SEAFARERS AND PORT COMMUNITY MEMBERS. TOTAL NUMBER OF BENEFICIARIES: 5,800 USS OPERATES A SEAFARER'S CENTER IN PUSAN PROVIDING PROGRAMS AND SERVICES FOR MERCHANT MARINERS, I.E. TRANSPORTATION, COUNSELING, TELEPHONE AND INTERNET ACCESS, RECREATION AND SPORT ACTIVITIES, DINING ENTERTAINMENT, HOSPITAL VISITS, LIBRARY SERVICES AND ADVOCACY ON BEHALF OF SEAFARERS. USS PUSAN PROVIDED SERVICES TO AMERICAN AND INTERNATIONAL SEAFARERS AND U.S. GOVERNMENT, MILITARY AND CIVILIAN PERSONNEL AND OTHER PERSONS ENGAGED IN THE MARITIME INDUSTRY. TOTAL NUMBER OF BENEFICIARIES: 15,200
PROGRAM DEVELOPMENT AND EXPANSION - RESEARCH AND DEVELOPMENT STUDY AND SURVEYS TO OPEN NEW CENTERS.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 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% |
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
Sign In| 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 |
| 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 |
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