Transpacific Carrier Services Inc (EIN 943152370) - 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

1992

Legal Domicile

Principal Officer

Brian Conrad

Phone

9259303920

Tax Period

2018-01-01 to 2018-12-31

Transpacific Carrier Services Inc, founded in 1992, is a community nonprofit that reported $1.1M in total revenue in fiscal year 2018. Revenue fell 58% from the prior year — a significant decline worth monitoring. Expenses of $1.6M exceeded revenue, resulting in a 50% operating deficit.

Mission

This organization's primary purpose is to further the common interest of its members and of the ocean liner carrier industry in fostering and serving foreign commerce with the approval of the Federal Maritime Commission. TCS performs record keeping and keeps minutes on behalf of its members, who are engaged principally in the transportation of cargo.

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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 (2018)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,077,961

Investment Income $-272

Other Revenue $0

TOTAL REVENUE $1,077,689

Expense Breakdown

Grants Paid $0

Salaries & Benefits $368,355

Fundraising Expenses $0

Other Expenses $1,249,307

TOTAL EXPENSES $1,617,662

Year-over-Year Comparison

	2018	2017	Change
Revenue	$1,077,689	$2,594,670	-0.6%
Expenses	$1,617,662	$2,595,352	-0.4%
Net Income	$-539,973	$-682	+790.7%

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

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

$205,062

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Nathan Adams	Director	0.30	Director	$0	$0	$0
H Finkel	Chairman	0.30	Director	$0	$0	$0
Vincent Huang	Director	0.30	Director	$0	$0	$0
Tom Na	Director	0.30	Director	$0	$0	$0
P Tung	Director	0.30	Director	$0	$0	$0
Kevin Lee	Director	0.30	Director	$0	$0	$0
P Hirn	Director	0.30	Director	$0	$0	$0
Steven Lee	Director	0.30	Director	$0	$0	$0
Brian M Conrad	President	40.00	Officer	$200,642	$4,420	$205,062

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
2018	$1,077,689	$1,617,662	$453,670	$-539,973

Transpacific Carrier Services Inc