ASSOC OF FGN PRESS CORRESPONDENTS USA

EIN: 834247897 501(c)(3) Education

New York, NY

Total Revenue
$571,008
Total Expenses
$525,148
Total Assets
$337,421
Net Assets
$336,936
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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
2019
Legal Domicile
NY
Tax Period
2023-01-01 to 2023-12-31

ASSOC OF FGN PRESS CORRESPONDENTS USA, founded in 2019, is a small nonprofit in the Education sector that reported $571K in total revenue in fiscal year 2023. Revenue surged 24% from the prior year, signaling strong growth momentum. Expenses of $525K left a modest 8% surplus.

Mission

The Assocn. of Foreign Press Corrs. USA serves the community of foreign correspondents in the US via programs, journalism resources, scholarships, and excellence awards, raising public awareness about the importance of foreign correspondents, and the protection of press freedom

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $571,008
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $571,008

Expense Breakdown

Grants Paid $56,250
Salaries & Benefits $162,994
Fundraising Expenses $45,276
Program Expenses $402,445
Other Expenses $305,904
TOTAL EXPENSES $525,148

Year-over-Year Comparison

2023 2022 Change
Revenue $571,008 $459,065 +0.2%
Expenses $525,148 $322,649 +0.6%
Net Income $45,860 $136,416 -0.7%
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

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Governance

Voting Members
11
Independent Members
11
Employees
1
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
0
$0
Total Directors
11
$19,100
Key Employees
1
$141,276
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Athanasios Dimadis Executive Director 40.00
Key Emp
$141,276 $0 $141,276
Alan Herrera Board Member 0.00
Director
$18,250 $0 $18,250
Nancy Prager-Kamel Chairwoman 0.00
Director
$500 $0 $500
Thomas Barat Director of Ethics and Compli 0.00
Director
$350 $0 $350
Julia Haart Board Member 0.00
Director
$0 $0 $0
Nicolla Hewitt Board Member 0.00
Director
$0 $0 $0
Sean Branagan Whitney Board Member 0.00
Director
$0 $0 $0
Mitzi Perdue Executive Officer 0.00
Director
$0 $0 $0
Lena Tabori General Secretary 0.00
Director
$0 $0 $0
Storer H Rowley Vice President 0.00
Director
$0 $0 $0
Sissel McCarthy Executive Officer 0.00
Director
$0 $0 $0
Marilyn Haft Treasurer 0.00
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
2024 No data No data No data No data
2023 $571,008 $525,148 $337,421 $45,860
2022 $459,065 $322,649 $292,795 $136,416
2021 $217,675 $206,895 $155,441 $10,780
2019 $97,131 $54,708 $42,423 $42,423
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