WORLD TANG SOO DO ASSOCIATION (EIN 222429979) - 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

1982

Legal Domicile

Principal Officer

SANFORD LIPSTEIN

Phone

3362230056

Tax Period

2023-01-01 to 2023-12-31

WORLD TANG SOO DO ASSOCIATION, founded in 1982, is a community nonprofit in the Recreation & Sports sector that reported $1.5M in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $1.4M left a modest 7% surplus.

Mission

ENHANCE LIVES THROUGH THE PHYSICAL AND MENTAL TRAINING OF TRADITIONAL TANG SOO DO

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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 $0

Program Service Revenue $1,484,537

Investment Income $501

Other Revenue $61,316

TOTAL REVENUE $1,546,354

Expense Breakdown

Grants Paid $25,915

Salaries & Benefits $425,053

Fundraising Expenses $0

Program Expenses $1,194,317

Other Expenses $988,907

TOTAL EXPENSES $1,439,875

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,546,354	$1,366,918	+0.1%
Expenses	$1,439,875	$1,272,654	+0.1%
Net Income	$106,479	$94,264	+0.1%

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

6000

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

$151,096

Total Directors

$151,096

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GIDEON LEE	COO/CHIEF OF STAFF	40.00	Officer Director	$72,500	$7,750	$80,250
WILLIAM STRONG	GRANDMASTER	30.00	Officer Director	$26,000	$0	$26,000
FRANK FATTORI	CEO/PRESIDENT	20.00	Officer Director	$15,000	$0	$15,000
SANFORD LIPSTEIN	CFO/TREASURER	10.00	Officer Director	$12,000	$0	$12,000
KRISTEN WINSKO	CHAIR, LEGAL AFFAIRS COMMITTEE	15.00	Officer Director	$12,000	$0	$12,000
NICOLE PETERMAN	OPERATIONAL VICE PRES AS OF APR 2023	20.00	Officer Director	$5,846	$0	$5,846
BECKY RUPP WOLVERTON	DIRECTOR, REGION 1	5.00	Officer Director	$0	$0	$0
JOHNNY WILLIAMSON	DIRECTOR, REGION 2	5.00	Officer Director	$0	$0	$0
BOB GRISSOM	DIRECTOR, REGION 3	5.00	Officer Director	$0	$0	$0
ALLEN SHARPE	DIRECTOR, REGION 4	5.00	Officer Director	$0	$0	$0
JEFF WHEELER	DIRECTOR, REGION 5	5.00	Officer Director	$0	$0	$0
DOUG MILLER	DIRECTOR, REGION 6	5.00	Officer Director	$0	$0	$0
JACKIE FORRESTER	DIRECTOR, REGION 7	5.00	Officer Director	$0	$0	$0
MARTHA HEISE	DIRECTOR, REGION 8	5.00	Officer Director	$0	$0	$0
EFARIN VALENTIN	DIRECTOR, REGION 9	5.00	Officer Director	$0	$0	$0
MUJAHID KHAN	DIRECTOR, REGION 11	5.00	Officer Director	$0	$0	$0
RICARDO VALDEZ	DIRECTOR, REGION 12	5.00	Officer Director	$0	$0	$0
EVANDRO SCHWALBACH	DIRECTOR, REGION 14	5.00	Officer Director	$0	$0	$0
KARI RALPH	DIRECTOR, REGION 15	5.00	Officer Director	$0	$0	$0
ANATOLY KATYUSHIN	DIRECTOR, REGION 17	5.00	Officer Director	$0	$0	$0
WILFREDO BURGOS	DIRECTOR, REGION 18	5.00	Officer Director	$0	$0	$0
ROY UTTECH	DIRECTOR, REGION 19	5.00	Officer Director	$0	$0	$0
PATRICK MARSCH	DIRECTOR, REGION 20	5.00	Officer Director	$0	$0	$0
MATTHEW HUTCHINSON	DIRECTOR, REGION 21	5.00	Officer Director	$0	$0	$0
SCOTT HOMSCHEK	DIRECTOR, REGION 22	5.00	Officer Director	$0	$0	$0
A SEBASTIAN BONELLI	DIRECTOR, REGION 23	5.00	Officer Director	$0	$0	$0
BRIAN FISHER	CHAIR, TECHNICAL ADVISORY CMTE.	5.00	Director	$0	$0	$0
CHUCK VAUGHN	CHAIR, GOVERNANCE/PUBLIC REL. CMTE.	5.00	Director	$0	$0	$0
MARK JORGENSEN	CHAIR, REGULATIONS COMMITTEE	5.00	Director	$0	$0	$0
SCOTT MERRILL	CHAIR, SECURITY COMMITTEE	5.00	Director	$0	$0	$0
KEN PETERMAN	CHAIR, TESTING COMMITTEE	5.00	Director	$0	$0	$0
GEOFFREY SETYANTO	CHAIR, FINANCE/BUSINESS COMMITTEE	5.00	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	$1,546,354	$1,439,875	$1,258,321	$106,479
2022	$1,366,918	$1,272,654	$1,156,135	$94,264
2021	$1,027,511	$797,839	$1,099,943	$229,672
2020	$375,703	$605,997	$856,778	$-230,294
2019	$1,415,259	$1,313,082	$1,061,279	$102,177
2018	$1,504,901	$1,285,253	$917,417	$219,648

WORLD TANG SOO DO ASSOCIATION