INTERNATIONAL SOCIETY OF OFFSHORE AND POLAR ENGINEERS (EIN 841144712) - Form 990 Financial Analysis & Trantor Score

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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

1989

Legal Domicile

Principal Officer

JIN S CHUNG

Phone

6502541871

Tax Period

2024-07-01 to 2025-06-30

INTERNATIONAL SOCIETY OF OFFSHORE AND POLAR ENGINEERS, founded in 1989, is a small nonprofit in the Science & Technology sector that reported $938K in total revenue in fiscal year 2024. The organization ran a surplus of $265K, a strong 28% operating margin.

Mission

SCIENTIFIC AND EDUCATIONAL SUPPORT OF ORGANIZING, SPONSORING AND PUBLISHING ADVANCES IN OFFSHORE AND POLAR ENGINEERING.

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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 $9,090

Program Service Revenue $661,767

Investment Income $263,891

Other Revenue $3,444

TOTAL REVENUE $938,192

Expense Breakdown

Grants Paid $4,000

Salaries & Benefits $272,230

Fundraising Expenses $0

Program Expenses $521,028

Other Expenses $396,917

TOTAL EXPENSES $673,147

Year-over-Year Comparison

	2024	2023	Change
Revenue	$938,192	$941,124	0.0%
Expenses	$673,147	$757,588	-0.1%
Net Income	$265,045	$183,536	+0.4%

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

150

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

$94,391

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PROF JIN S CHUNG	EXECUTIVE DIRECTOR	55.00	Officer	$54,949	$0	$54,949
Y CHUNG	MANAGER	25.00	Officer	$39,442	$0	$39,442
PROF H LIU	OFFICER	2.00	Officer	$0	$0	$0
PROF A BAETEN	OFFICER	2.00	Officer	$0	$0	$0
DR S YAMAGUCHI	OFFICER	2.00	Officer	$0	$0	$0
PROF L MARTINELLI	OFFICER	2.00	Officer	$0	$0	$0
DR B KIM	OFFICER	2.00	Officer	$0	$0	$0
PROF J NIEDZWECKI	PAST PRESIDENT	2.00	Officer	$0	$0	$0
PROF D WAN	PRESIDENT	3.00	Officer	$0	$0	$0
H WANG	OFFICER	2.00	Officer	$0	$0	$0
PROF O GUDMESTAD	OFFICER	2.00	Officer	$0	$0	$0
PROF R KNAPP	TREASURER	3.00	Officer	$0	$0	$0
DR W KAN	SECRETARY	3.00	Officer	$0	$0	$0
PROF R TAYLOR	OFFICER	2.00	Officer	$0	$0	$0
Y CHEN	OFFICER	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
2025	$938,192	$673,147	$6,470,906	$265,045
2024	$941,124	$757,588	$6,205,759	$183,536
2023	$694,453	$533,862	$6,022,114	$160,591
2022	$560,868	$400,689	$5,861,461	$160,179
2021	$390,017	$402,506	$5,701,205	$-12,489
2020	$676,586	$448,124	$5,713,078	$228,462
2019	$970,753	$669,582	$5,485,317	$301,171

INTERNATIONAL SOCIETY OF OFFSHORE AND POLAR ENGINEERS