SHERRY'S SHIPPERS ASSOCIATION INC (EIN 832605317) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2018

Legal Domicile

Principal Officer

JOHN KENT SHELTON

Phone

8004190095

Tax Period

2023-01-01 to 2023-12-31

SHERRY'S SHIPPERS ASSOCIATION INC, founded in 2018, is a micro nonprofit in the Community Improvement sector that reported $300 in total revenue in fiscal year 2023. Revenue fell 100% from the prior year — a significant decline worth monitoring. Expenses of $305K exceeded revenue, resulting in a 101541% operating deficit.

Mission

SHERRY'S SHIPPERS ASSOCIATION WAS ESTABLISHED TO PROMOTE COMMON BUSINESS INTERESTS WITHIN THE OCEAN CARRIER TRANSPORTATION INDUSTRY ON BEHALF OF ITS MEMBERS THROUGH COLLECTIVE NEGOTIATION TO ENSURE COST EFFECTIVENESS AND EQUITABLE TRADE FOR THE INDUSTRY AS A WHOLE.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $300

Investment Income $0

Other Revenue $0

TOTAL REVENUE $300

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $123,752

Other Expenses $304,922

TOTAL EXPENSES $304,922

Year-over-Year Comparison

	2023	2022	Change
Revenue	$300	$117,900	-1.0%
Expenses	$304,922	$521,729	-0.4%
Net Income	$-304,622	$-403,829	-0.2%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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
IRVING DWIGHT BARKER JR	DIRECTOR	2.00	Director	$0	$0	$0
ANTAO CHIEN	DIRECTOR	2.00	Director	$0	$0	$0
JOHN KENT SHELTON	DIRECTOR	2.00	Director	$0	$0	$0
CLIVE WU	PRESIDENT	2.00	Officer	$0	$0	$0
SCOTT BALES	SECRETARY	2.00	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
2023	$300	$304,922	$328	$-304,622
2022	$117,900	$521,729	$5,492	$-403,829
2021	$148,255	$554,470	$47,926	$-406,215
2020	$155,984	$1,009,494	$40,153	$-853,510

SHERRY'S SHIPPERS ASSOCIATION INC