ASSOCIATION OF SHIP BROKERS & AGENTS USA INC (EIN 136162014) - 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

1955

Legal Domicile

Principal Officer

BRIAN VOGDES

Phone

2015692882

Tax Period

2024-01-01 to 2024-12-31

ASSOCIATION OF SHIP BROKERS & AGENTS USA INC, founded in 1955, is a community nonprofit in the Mutual Benefit sector that reported $1.8M in total revenue in fiscal year 2024. Revenue surged 33% from the prior year, signaling strong growth momentum. The organization ran a surplus of $783K, a strong 43% operating margin.

Mission

INDUSTRIAL NETWORKING PROFESSIONAL CLUB.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,695,310

Investment Income $123,779

Other Revenue $0

TOTAL REVENUE $1,819,089

Expense Breakdown

Grants Paid $10,494

Salaries & Benefits $280,506

Fundraising Expenses $0

Other Expenses $745,120

TOTAL EXPENSES $1,036,120

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,819,089	$1,371,532	+0.3%
Expenses	$1,036,120	$1,117,362	-0.1%
Net Income	$782,969	$254,170	+2.1%

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

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

$184,337

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HANS LAUE	PRESIDENT	10.00	Officer Director	$0	$0	$0
PAUL SCHWACK	VICE PRESIDENT	10.00	Officer Director	$0	$0	$0
DAVID CHENOWITH	VICE PRESIDENT	10.00	Officer Director	$0	$0	$0
BRIAN VOGDES	TREASURER	10.00	Officer Director	$0	$0	$0
ERICH BILLUNG-MEYER	DIRECTOR	5.00	Director	$0	$0	$0
JENNIFER MONTGOMERY	DIRECTOR	5.00	Director	$0	$0	$0
ANIL GUPTA	DIRECTOR	5.00	Director	$0	$0	$0
SOREN WOLMAR	DIRECTOR	5.00	Director	$0	$0	$0
MILIND TRILOKEKAR	DIRECTOR	5.00	Director	$0	$0	$0
ROBERT PIEROT	DIRECTOR	5.00	Director	$0	$0	$0
BRIAN LEDWITH	DIRECTOR	5.00	Director	$0	$0	$0
LESLIE CLEMENTS	DIRECTOR	5.00	Director	$0	$0	$0
ANDREAS EBENSPERGER	DIRECTOR	5.00	Director	$0	$0	$0
KATE TORPEY	EXECUTIVE DIRECTOR	40.00	Officer	$184,337	$0	$184,337

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	$1,819,089	$1,036,120	$2,275,705	$782,969
2023	$1,371,532	$1,117,362	$1,495,001	$254,170

ASSOCIATION OF SHIP BROKERS & AGENTS USA INC