Association for Traditional Studies (EIN 841436728) - 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

1998

Legal Domicile

Principal Officer

Andrew Nugent-Head

Phone

8284247415

Tax Period

2024-01-01 to 2024-12-31

Association for Traditional Studies, founded in 1998, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $865K in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion.

Mission

The Association of Traditional Studies is an education focused public charity, providing training programs for professionals in the fields of Chinese medicine, martial arts and self development as well as providing low cost opportunities for the public.

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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 $122,988

Program Service Revenue $727,423

Investment Income $0

Other Revenue $14,200

TOTAL REVENUE $864,611

Expense Breakdown

Grants Paid $0

Salaries & Benefits $240,363

Fundraising Expenses $42,460

Program Expenses $679,306

Other Expenses $608,775

TOTAL EXPENSES $849,138

Year-over-Year Comparison

	2024	2023	Change
Revenue	$864,611	$779,027	+0.1%
Expenses	$849,138	$767,464	+0.1%
Net Income	$15,473	$11,563	+0.3%

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

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

$106,985

Total Directors

$106,985

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Peter Alexander	Board Member	1.00	Director	$0	$0	$0
Steven Badger	President	1.00	Officer Director	$0	$0	$0
Josh Kirschenbaum	Secretary	1.00	Officer Director	$0	$0	$0
Andrew Nugent-Head	Executive Director	20.00	Officer Director	$106,985	$0	$106,985
Marie Nugent-Head	Treasurer	1.00	Officer 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	$864,611	$849,138	$209,179	$15,473
2023	$779,027	$767,464	$196,389	$11,563
2022	$679,315	$696,393	$185,992	$-17,078
2020	$447,146	$480,923	$194,936	$-33,777
2019	$582,120	$528,397	$165,079	$53,723
2018	$506,613	$448,408	$103,848	$58,205

Association for Traditional Studies