AMERICAN MARITIME CONGRESS

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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

1978

Legal Domicile

Principal Officer

FAIR KIM

Phone

2023478020

Tax Period

2023-01-01 to 2023-12-31

AMERICAN MARITIME CONGRESS, founded in 1978, is a community nonprofit that reported $1.1M in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion. The organization ran a surplus of $414K, a strong 38% operating margin.

Mission

1) TO STUDY, EXAMINE, AND RESEARCH ISSUES AND PROBLEMS AFFECTING THE AMERICAN MARITIME INDUSTRY ("AMI") AND OTHER RELATED MODES OF TRANSPORTATION. THE SUBJECTS FOR STUDY, EXAMINATION, AND RESEARCH INCLUDE, BUT ARE NOT LIMITED TO, EDUCATION AND PROMOTIONAL ACTIVITIES, MEDICAL, HEALTH, SAFETY, EMPLOYER-EMPLOYEE RELATIONS, RULES, REGULATIONS, AND LAWS APPLICABLE TO THE AMI AND OTHER RELATED MODES OF TRANSPORTATION; 2) TO FOSTER SUITABLE STANDARDS FOR THE WELFARE OF THE AMI; 3) TO IMPROVE COMMUNICATION BETWEEN REPRESENTATIVES OF LABOR AND MANAGEMENT IN THE AMI AND OTHER RELATED MODES OF TRANSPORTATION; 4) TO EXPAND AND IMPROVE WORKING RELATIONSHIPS BETWEEN WORKERS AND MANAGERS IN THE AMI AND OTHER RELATED MODES OF TRANSPORTATION; AND 5) TO ENHANCE THE ECONOMIC DEVELOPMENT OF THE AMI AND TO STUDY AND EXPLORE WAYS OF ELIMINATING POTENTIAL PROBLEMS THAT REDUCE THE COMPETITIVENESS OF THE AMI AND INHIBIT ITS ECONOMIC DEVELOPMENT.

Program Service Accomplishments

Program 1

PROVIDE INFORMATION ON RECENT DEVELOPMENTS IN RESEARCH, EDUCATION, AND LEGISLATIVE ACTIVITY THAT AFFECT U.S.-FLAG VESSEL OPERATING COMPANIES IN THE INTERNATIONAL AND DOMESTIC TRADES THAT HAVE...

PROVIDE INFORMATION ON RECENT DEVELOPMENTS IN RESEARCH, EDUCATION, AND LEGISLATIVE ACTIVITY THAT AFFECT U.S.-FLAG VESSEL OPERATING COMPANIES IN THE INTERNATIONAL AND DOMESTIC TRADES THAT HAVE COLLECTIVE BARGAINING AGREEMENTS WITH THE MARINE ENGINEERS' BENEFICIAL ASSOCIATION.

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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 $1,017,018

Program Service Revenue $0

Investment Income $69,970

Other Revenue $170

TOTAL REVENUE $1,087,158

Expense Breakdown

Grants Paid $0

Salaries & Benefits $310,121

Fundraising Expenses $0

Other Expenses $362,918

TOTAL EXPENSES $673,039

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,087,158	$986,799	+0.1%
Expenses	$673,039	$789,930	-0.1%
Net Income	$414,119	$196,869	+1.1%

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

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

$190,875

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ADAM VOKAC	CHAIRMAN/DIRECTOR	0.00	Officer Director	$0	$0	$0
PHILIP SHAPIRO	VICE CHAIRMAN/DIRECTOR	0.00	Officer Director	$0	$0	$0
ROLAND REXHA	DIRECTOR	0.00	Director	$0	$0	$0
ADAM SMITH	DIRECTOR	0.00	Director	$0	$0	$0
CLAUDIA CIMINI	DIRECTOR	0.00	Director	$0	$0	$0
JASON CALLAHAN	DIRECTOR	0.00	Director	$0	$0	$0
NICOLE GREENWAY	DIRECTOR	0.00	Director	$0	$0	$0
ED HANLEY	DIRECTOR	0.00	Director	$0	$0	$0
RYAN PEREYDA	DIRECTOR	0.00	Director	$0	$0	$0
JACK SULLIVAN	DIRECTOR	0.00	Director	$0	$0	$0
WILLIAM THORNTON	DIRECTOR	0.00	Director	$0	$0	$0
DAMON MOTE	DIRECTOR	0.00	Director	$0	$0	$0
FAIR KIM	PRESIDENT	40.00	Officer	$190,875	$0	$190,875

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	$1,087,158	$673,039	$5,955,354	$414,119
2022	$986,799	$789,930	$5,225,871	$196,869
2021	$1,221,358	$1,109,000	$5,425,144	$112,358
2020	$966,813	$563,668	$5,347,171	$403,145
2019	$1,101,337	$689,231	$4,719,495	$412,106
2018	$996,192	$531,800	$4,116,712	$464,392