NEW YORK STATE TAE KWON DO FEDERAT… - Form 990 Financial Data

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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

2010

Legal Domicile

Principal Officer

JOSEPH FROMAN

Phone

9172549416

Tax Period

2022-01-01 to 2022-12-31

NEW YORK STATE TAE KWON DO FEDERATION INC, founded in 2010, is a micro nonprofit in the Recreation & Sports sector that reported $37K in total revenue in fiscal year 2022. Revenue surged 2447% from the prior year, signaling strong growth momentum.

Mission

TO SUPPORT ATHELITICS TO MAKE FUTURE OLYMPIANS AND WORLD CHAMPIONS.

Program Service Accomplishments

Program 1

TO SUPPORT ATHELITICS TO MAKE FUTURE OLYMPIANS AND WORLD CHAMPIONS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $37,056

Investment Income $0

Other Revenue $0

TOTAL REVENUE $37,056

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $36,231

Other Expenses $40,032

TOTAL EXPENSES $40,032

Year-over-Year Comparison

	2022	2021	Change
Revenue	$37,056	$1,455	+24.5%
Expenses	$40,032	$1,815	+21.1%
Net Income	$-2,976	$-360	+7.3%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSEPH FROMAN	DIRECTOR	N/A	Officer Director	$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
2024	No data	No data	No data	No data
2023	No data	No data	No data	No data
2022	$37,056	$40,032	$21,406	$-2,976
2021	$1,455	$1,815	$24,058	$-360
2020	$7,742	$45,862	$39,657	$-38,120
2019	$59,222	$36,993	$77,777	$22,229
2018	$43,371	$37,344	$55,548	$6,027
2018	$43,371	$37,344	$55,548	$6,027

NEW YORK STATE TAE KWON DO FEDERATION INC