NEW YORK STATE TAE KWON DO FEDERATION INC

EIN: 208715534 501(c)(3) Recreation & Sports

PLAINVIEW, NY

Total Revenue
$37,056
Total Expenses
$40,032
Total Assets
$21,406
Net Assets
$21,082
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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
NY
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.

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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 $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

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Governance

Voting Members
1
Independent Members
1
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
1
$0
Total Directors
1
$0
Key Employees
0
$0
Highest Compensated
0
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
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