BURLINGTON, NC
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
THE WORLD TANG SOO DO ASSOCIATION WAS ESTABLISHED TO PROVIDE QUALITY INSTRUCTION IN THE ANCIENT ART OF TANG SOO DO AND TO HELP STUDENTS IMPROVE THEIR APPRECIATION OF LIFE THROUGH THE DEVELOPMENT OF PHYSICAL AND COGNITIVE SKILLS, (CONTINUED ON SCHEDULE O)AND TO PROMOTE OVERALL WELL-BEING FOR THE COMMUNITIES IN WHICH IT SERVES, THROUGH A CURRICULUM OF DISCIPLINE AND EXERCISE, FOCUSED ON THE CORE VALUES OF AN ANCIENT FORM OF MARTIAL ART.
THE ASSOCIATION HAS 23 REGIONS AROUND THE WORLD, 19 OF WHICH ARE CURRENTLY ACTIVE. EACH REGION HAS AT LEAST ONE CHAMPIONSHIP EACH YEAR. FURTHER, THE ASSOCIATION HOLDS A WORLD CHAMPIONSHIP ON A...
THE ASSOCIATION HAS 23 REGIONS AROUND THE WORLD, 19 OF WHICH ARE CURRENTLY ACTIVE. EACH REGION HAS AT LEAST ONE CHAMPIONSHIP EACH YEAR. FURTHER, THE ASSOCIATION HOLDS A WORLD CHAMPIONSHIP ON A BIANNUAL BASIS, DURING WHICH ASSOCIATION MEMBERS FROM AROUND THE WORLD GATHER TO RENEW FRIENDSHIPS, ENGAGE IN HEALTHY COMPETITION, AND LEARN THE LATEST TECHNIQUES OFFERED BY THE ASSOCIATION. EACH REGION ALSO HOLDS NUMEROUS SEMINARS THROUGHOUT THE YEAR, DURING WHICH STUDENTS HAVE THE OPPORTUNITY TO LEARN FROM A VAST ARRAY OF MASTER INSTRUCTORS. CHAMPIONSHIPS AND SEMINARS PROVIDE A FORUM FOR MAINTAINING AND PRESERVING THE TRADITION OF TANG SOO DO. (CONTINUED ON SCHEDULE O)EACH REGION ALSO HOLDS AN ANNUAL BLACK BELT CAMP FOR ITS BLACK BELT AND CHO DAN BO (ONE LEVEL BELOW BLACK BELT) MEMBERS. THESE CAMPS TRAIN OVER 1,000 STUDENTS IN THE ART OF TEACHING TANG SOO DO, AND PROVIDE ATTENDEES A CHANCE TO LEARN NEW SKILLS AND ENHANCE EXISTING ONES. IN ADDITION, THE ASSOCIATION HOLDS THREE CLINICS PER YEAR FOR ITS MASTER INSTRUCTORS - ONE IN THE US, ONE IN EUROPE, AND ONE IN SOUTH AMERICA. DURING THE CLINIC, MASTER INSTRUCTORS HAVE A CHANCE TO REFRESH THEMSELVES ON BEST PRACTICES TO TEACH TANG SOO DO, AS WELL AS ENHANCE THEIR OWN SKILLS. TYPICALLY, THE COMBINED ATTENDANCE AT THESE MASTERS' CLINICS EXCEEDS 300 MASTER INSTRUCTORS.
TESTING OF INDIVIDUALS IS REQUIRED TO DETERMINE THEIR LEVEL OF ACCOMPLISHMENT. INDIVIDUAL STUDIOS TEST THEIR STUDENTS AND SEND THE RESULTS OF THE TESTING TO THE ASSOCIATION FOR REVIEW AND PROCESSING...
TESTING OF INDIVIDUALS IS REQUIRED TO DETERMINE THEIR LEVEL OF ACCOMPLISHMENT. INDIVIDUAL STUDIOS TEST THEIR STUDENTS AND SEND THE RESULTS OF THE TESTING TO THE ASSOCIATION FOR REVIEW AND PROCESSING OF STUDENT CERTIFICATIONS. BLACK BELT TESTING IS DONE BY REGION, AND MASTERS TESTING IS DONE INTERNATIONALLY. THERE IS A EUROPEAN MASTERS CLINIC, A NORTH AMERICAN MASTERS CLINIC, AND A SOUTH AMERICAN MASTERS CLINIC. MASTERS MUST ATTEND ONE OF THESE THREE IN ORDER TO TEST.IN 2023, THE ASSOCIATION ADMINISTERED GUP (NON-BLACK BELT) TESTS TO 20,790 INDIVIDUALS, NON-MASTER BLACK BELT TESTS TO 816 INDIVIDUALS, AND MASTER TESTS TO 39 INDIVIDUALS.
EACH NEW MEMBER IS PROVIDED WITH A MANUAL, ID CARD, AND STICKER. MANUALS PROVIDE A BASIC DESCRIPTION OF THE ASSOCIATION'S REQUIREMENTS REGARDING PHYSICAL AND MENTAL TECHNIQUES THAT MUST BE LEARNED TO...
EACH NEW MEMBER IS PROVIDED WITH A MANUAL, ID CARD, AND STICKER. MANUALS PROVIDE A BASIC DESCRIPTION OF THE ASSOCIATION'S REQUIREMENTS REGARDING PHYSICAL AND MENTAL TECHNIQUES THAT MUST BE LEARNED TO ADVANCE IN RANK. ID CARDS PROVIDE A RECORD OF EACH MEMBER'S ADVANCEMENT IN RANK. AS OF DECEMBER 31, 2023, THERE WERE 16,852 ACTIVE MEMBERS; OF THESE, 6,000 WERE EITHER AT THE BLACK BELT OR CHO DAN BO LEVEL.
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 | $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% |
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 |
|---|---|---|---|---|---|---|
| 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 |
| 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 |
Compare WORLD TANG SOO DO ASSOCIATION with other nonprofits in North Carolina and across the country.