NEW YORK BEAUTY SUPPLIERS ASSOCIATION INC (EIN 454479192) - 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

2012

Principal Officer

KILSEONG KIM

Phone

2019238548

Tax Period

2022-01-01 to 2022-12-31

NEW YORK BEAUTY SUPPLIERS ASSOCIATION INC, founded in 2012, is a small nonprofit in the Community Improvement sector that reported $217K in total revenue in fiscal year 2022. Revenue surged 36% from the prior year, signaling strong growth momentum. Expenses of $185K left a modest 14% surplus.

Mission

TO PROTECT AND PROMOTE THE INTERESTS OF THOSE WHO ARE ENGAGED IN THE BEAUTY SUPPLY INDUSTRY WITHIN THE NEW YORK METRO AREA BY SUPPORTING THE EXCHANGE OF INFOMATION AND KNOWLEDGE AMONGST ITS MEMBERS

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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 $216,661

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $216,661

Expense Breakdown

Grants Paid $7,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $182,259

Other Expenses $178,484

TOTAL EXPENSES $185,484

Year-over-Year Comparison

	2022	2021	Change
Revenue	$216,661	$159,533	+0.4%
Expenses	$185,484	$185,041	+0.0%
Net Income	$31,177	$-25,508	-2.2%

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
KILSEONG KIM	PRESIDENT	1.00	Officer Director	$0	$0	$0
HYUNGMIN KIM	TREASURER	1.00	Officer	$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
2022	$216,661	$185,484	$72,842	$31,177
2021	$159,533	$185,041	$41,665	$-25,508
2020	$279,401	$245,653	$67,173	$33,748
2019	$211,288	$181,647	$33,425	$29,641

NEW YORK BEAUTY SUPPLIERS ASSOCIATION INC