THE ECONOMIC SCIENCE ASSOCIATION I… - Form 990 Financial Data

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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

1986

Legal Domicile

Principal Officer

LATA GANGADHARAN

Phone

9079034413

Tax Period

2025-01-01 to 2025-12-31

THE ECONOMIC SCIENCE ASSOCIATION INC, founded in 1986, is a micro nonprofit that reported $97K in total revenue in fiscal year 2025. Revenue fell 80% from the prior year — a significant decline worth monitoring. Expenses of $172K exceeded revenue, resulting in a 78% operating deficit.

Mission

THE ESA PUBLISHES TWO JOURNALS, SPONSORS AND MAINTAINS ONLINE DISCUSSION GROUPS FOR ITS MEMBERS AND HOSTS CONFERENCES.

Program Service Accomplishments

Program 1

Expenses: $119,918 Revenue: $7,210

THE ESA CONDUCTED 6 CONFERENCES IN 2025 AS FOLLOWS: ASIA-PACIFIC REGIONAL CONFERENCE, OSAKA, JAPAN (MARCH 10-12) WORLD CONFERENCE, BEIJING, CHINA (JUNE 6-8) AFRICA CONFERENCE, NAIROBI, KENYA (JUNE...

THE ESA CONDUCTED 6 CONFERENCES IN 2025 AS FOLLOWS: ASIA-PACIFIC REGIONAL CONFERENCE, OSAKA, JAPAN (MARCH 10-12) WORLD CONFERENCE, BEIJING, CHINA (JUNE 6-8) AFRICA CONFERENCE, NAIROBI, KENYA (JUNE 25-27) EUROPEAN REGIONAL CONFERENCE, BRNO, CZECH REPUBLIC (SEPT. 3-6) NORTH AMERICAN REGIONAL CONFERENCE, TUCSON, ARIZONA (OCT. 10-12) INDIA CONFERENCE, GURGAON, INDIA (DEC. 15-17)

Program 2

Expenses: $34,000 Revenue: $22,681

THE ESA WAS INVOLVED IN PUBLISHING TWO JOURNALS. THE EXPENSES INVOLVE PAYMENTS TO THE PUBLISHER FOR PRODUCING AND CIRCULATING THE JOURNALS AS WELL AS A PRIZE FOR THE BEST PAPER PUBLISHED DURING THE YEAR. THE REVENUE CONSISTS OF THE JOURNAL ROYALTIES AND THE PORTION OF MEMBERSHIP DUES NECESSARY TO COVER THE COSTS OF THE JOURNAL.

Program 3

Expenses: $16,420

THE ESA MAINTAINS A WEBSITE TO PROVIDE INFORMATION ABOUT THE ASSOCIATION'S ACTIVITIES AND ITS CONFERENCES. THERE ARE EXPENSES TO RUN THAT AS WELL AS MISCELLANEOUS BACK OFFICE EXPENSES. EXPENSES ALSO INCLUDE FEES FROM THE CREDIT CARD GATEWAY. REVENUES FROM THE PORTION OF THE MEMBERSHIP DUES NOT REQUIRED TO PAY FOR JOURNAL PUBLICATION ARE USED TO PAY FOR THESE EXPENSES.

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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 (2025)

Revenue Breakdown

Contributions & Grants $49,835

Program Service Revenue $29,891

Investment Income $16,914

Other Revenue $0

TOTAL REVENUE $96,640

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $170,338

Other Expenses $171,944

TOTAL EXPENSES $171,944

Year-over-Year Comparison

	2025	2024	Change
Revenue	$96,640	$487,112	-0.8%
Expenses	$171,944	$360,910	-0.5%
Net Income	$-75,304	$126,202	-1.6%

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

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
LATA GANGADHARAN	PRESIDENT	N/A	Officer	$0	$0	$0
DAVID COOPER	PRESIDENT EL	N/A	Officer	$0	$0	$0
CHARLES NOUSSAIR	PAST PRESIDE	N/A	Officer	$0	$0	$0
ALESSANDRA CASSAR	AMERICAS VIC	N/A	Officer	$0	$0	$0
BEN GREINER	EUROPEAN VIC	N/A	Officer	$0	$0	$0
ERTE XIAO	ASIA-PACIFIC	N/A	Officer	$0	$0	$0
TED TUROCY	INFORMATION	N/A	Officer	$0	$0	$0
JIM MURPHY	TREASURER	N/A	Officer	$0	$0	$0
ALEX IMAS	EXECUTIVE CO	N/A	Director	$0	$0	$0
JUDD KESSLER	EXECUTIVE CO	N/A	Director	$0	$0	$0
DANIELA PUZZELLO	EXECUTIVE CO	N/A	Director	$0	$0	$0
BJORN BARTLING	EXECUTIVE CO	N/A	Director	$0	$0	$0
SUBHASISH MODAK CHOWDHURY	EXECUTIVE CO	N/A	Director	$0	$0	$0
KIRBY NIELSEN	EXECUTIVE CO	N/A	Director	$0	$0	$0
PEDRO REY-BIEL	EXECUTIVE CO	N/A	Director	$0	$0	$0
JOEL VAN DER WEELE	EXECUTIVE CO	N/A	Director	$0	$0	$0
CHLOE TERGIMAN	EXECUTIVE CO	N/A	Director	$0	$0	$0
SYNGJOO CHOI	EXECUTIVE CO	N/A	Director	$0	$0	$0
JUANJUAN MENG	EXECUTIVE CO	N/A	Director	$0	$0	$0
RO'I ZULTAN	EXECUTIVE CO	N/A	Director	$0	$0	$0
JINGJING ZHANG	EXECUTIVE CO	N/A	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	$96,640	$171,944	$453,143	$-75,304
2024	No data	No data	No data	No data
2023	$495,885	$480,862	$402,159	$15,023
2022	$379,100	$340,142	$387,136	$38,958
2021	$176,897	$109,794	$348,178	$67,103
2020	$126,955	$101,493	$281,075	$25,462
2019	$332,336	$404,099	$255,613	$-71,763
2018	$323,680	$248,361	$327,376	$75,319

THE ECONOMIC SCIENCE ASSOCIATION INC