World Shipping Council

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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

2000

Legal Domicile

Principal Officer

JOSEPH KRAMEK

Phone

2025891236

Tax Period

2024-08-01 to 2025-07-31

World Shipping Council, founded in 2000, is a community nonprofit in the Community Improvement sector that reported $9.4M in total revenue in fiscal year 2024.

Mission

OUR MISSION IS TO PROVIDE A COORDINATED VOICE FOR THE LINER SHIPPING INDUSTRY IN ITS WORK WITH POLICYMAKERS AND OTHER INDUSTRY GROUPS WITH AN INTEREST IN INTERNATIONAL TRANSPORTATION.

Program Service Accomplishments

Program 1

MARITIME SAFETY AND SECURITY ISSUES - SEE SCHEDULE O

Program 2

ENVIRONMENTAL ISSUES - SEE SCHEDULE O

Program 3

LINER SHIPPING REGULATION AND GEOPOLITICAL DISRUPTIONS & SUPPLY CHAIN IMPACTS - SEE SCHEDULE O

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $9,321,318

Investment Income $136,481

Other Revenue $-101,604

TOTAL REVENUE $9,356,195

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,320,787

Fundraising Expenses $0

Other Expenses $4,935,899

TOTAL EXPENSES $10,256,686

Year-over-Year Comparison

	2024	2023	Change
Revenue	$9,356,195	$8,918,460	+0.0%
Expenses	$10,256,686	$8,412,851	+0.2%
Net Income	$-900,491	$505,609	-2.8%

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

$1,511,669

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN BUTLER	Former President and CEO	40.0		$538,294	$58,437	$596,731
BRYAN WOOD-THOMAS	VICE PRESIDENT, ENVIRON POLICY	40.0	Officer	$409,183	$88,575	$497,758
JOSEPH KRAMEK	PRESIDENT AND CEO	40.0	Officer	$388,750	$61,396	$450,146
LARS KJAER	SENIOR VICE PRESIDENT	40.0	Officer	$358,258	$80,652	$438,910
JAMES CORBETT	ENVIRONMENTAL DIRECTOR, EUROPE	40.0	Highest	$316,138	$55,678	$371,816
ANNA LARSSON	COMMUNICATIONS DIR., GM EUROPE	40.0	Highest	$340,000	$0	$340,000
KENNETH CHIA	DIRECTOR ASIA	40.0	Highest	$317,354	$0	$317,354
NICHOLAS MCDERMOTT-TABORI	DIRECTOR, US REGULATORY	40.0	Highest	$266,479	$38,786	$305,265
TAMEKIA FLACK	DIRECTOR, US GOVT RELATIONS	40.0	Highest	$281,000	$11,376	$292,376
JOHN WALSH	COO	40.0	Officer	$124,855	$0	$124,855
ROLF HABBEN JANSEN	CO-CHAIRMAN	1.0	Officer Director	$0	$0	$0
JEREMY NIXON	CO-CHAIRMAN	1.0	Officer Director	$0	$0	$0
RANDY CHEN	DIRECTOR	1.0	Director	$0	$0	$0
MATTHEW JOHN COX	DIRECTOR	1.0	Director	$0	$0	$0
THOMAS CROWLEY	DIRECTOR	1.0	Director	$0	$0	$0
ELIYAHU ZEEV GLICKMAN	DIRECTOR	1.0	Director	$0	$0	$0
LARS KASTRUP	DIRECTOR	1.0	Director	$0	$0	$0
WON HYOK CHOI	DIRECTOR	1.0	Director	$0	$0	$0
JONATHON MARK KIRKLAND	DIRECTOR	1.0	Director	$0	$0	$0
LASSE KRISTOFFERSEN	DIRECTOR	1.0	Director	$0	$0	$0
OLIVER NIVOIX	DIRECTOR	1.0	Director	$0	$0	$0
JOHAN SIGSGAARD	DIRECTOR	1.0	Director	$0	$0	$0
JEREMY SUTTON	DIRECTOR	1.0	Director	$0	$0	$0
SOREN TOFT	DIRECTOR	1.0	Director	$0	$0	$0
FENG-MING TSAI	DIRECTOR	1.0	Director	$0	$0	$0
KUANG-HUI WU	DIRECTOR	1.0	Director	$0	$0	$0
JIANPING YE	DIRECTOR	1.0	Director	$0	$0	$0
SHMUEL YOSKOVITZ	DIRECTOR	1.0	Director	$0	$0	$0
TWINCHOK TANTHUWANIT	DIRECTOR	1.0	Director	$0	$0	$0
TILL OLE BARRELET	DIRECTOR	1.0	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
2025	$9,356,195	$10,256,686	$12,146,122	$-900,491
2024	$8,918,460	$8,412,851	$12,664,710	$505,609
2023	$8,428,017	$8,485,764	$11,012,570	$-57,747
2022	$7,360,714	$6,808,546	$10,998,325	$552,168
2021	$5,137,483	$4,705,841	$7,943,701	$431,642
2020	$5,115,432	$4,322,796	$5,163,097	$792,636
2019	$4,339,984	$4,282,166	$3,664,490	$57,818
2018	$3,675,185	$2,990,645	$3,688,261	$684,540