TPF ASSOCIATION INC

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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

1996

Legal Domicile

Principal Officer

LAURA VILLEGAS

Phone

8437697030

Tax Period

2023-01-01 to 2023-12-31

TPF ASSOCIATION INC, founded in 1996, is a small nonprofit that reported $115K in total revenue in fiscal year 2023. Revenue surged 37% from the prior year, signaling strong growth momentum.

Mission

TO CREATE A GLOBAL NETWORK OF FREIGHT FORWARDING BUSINESS PARTNERS, WITH THE OBJECTIVE OF LENDING SUPPORT TO INDEPENDENT FREIGHT FORWARDERS. TO PROVIDE A MARKETING AND COMMUNICATIONS NETWORK FOR INTERNATIONAL FREIGHT FORWARDERS AND TO PROVIDE A FORUM FOR EXCHANGE OF IDEAS REGARDING INTERNATIONAL FREIGHT FORWARDING.

Program Service Accomplishments

Program 1

Expenses: $70,178 Revenue: $23,350

GENERAL ASSEMBLY MEETING (GAM): GAM STANDS FOR GENERAL ASSEMBLY MEETING AND IT IS TPF'S MAIN PROGRAM AND AND EVENT. THE TPF GENERAL ASSEMBLY MEETS ANNUALLY AT A VENUE AND ON A DATE PROPOSED AND...

GENERAL ASSEMBLY MEETING (GAM): GAM STANDS FOR GENERAL ASSEMBLY MEETING AND IT IS TPF'S MAIN PROGRAM AND AND EVENT. THE TPF GENERAL ASSEMBLY MEETS ANNUALLY AT A VENUE AND ON A DATE PROPOSED AND APPROVED BY MEMBERS. THE VENUE CHANGES EVERY YEAR SO THAT EACH MEMBER IS GIVEN THE OPPORTUNITY OF HOSTING A GENERAL ASSEMBLY MEETING IN THEIR COUNTRY. IN 2023, THE TPF GAM FINALLY HAPPENED PHYSICALLY, WHICH HAD NOT BEEN POSSIBLE BEFORE DUE TO THE PANDEMIC AND THE POLITICAL AND ECONOMIC INSTABILITY CREATED BY THE RUSSIA-UKRAINE WAR. THE GAM IN 2023 TOOK PLACE IN SPAIN AND PROVIDED MEMBERS WITH THE OPPORTUNITY TO MEET THEIR COUNTERPARTS FROM THE REST OF THE WORLD BOTH IN-GROUP MEETINGS AND IN ONE-TO-ONE MEETINGS. THE ULTIMATE PURPOSES OF THE GAM ARE TO STRENGTHEN RELATIONSHIPS, DISCUSS THE CURRENT STATE OF THE INTERNATIONAL TRANSPORTATION SYSTEM, STRATEGIZE METHODS TO BETTER SERVE MEMBERS' MUTUAL CLIENTS, DEVELOP BUSINESS TOGETHER AND MAKE JOINT DECISIONS ABOUT THE FUTURE OF THE ASSOCIATION. ALL THIS WAS DONE SUCCESSFULLY.IN RECENT YEARS, THIS MEETING HAS BEEN USED AS A RECRUITMENT TOOL AS WELL. COMPANIES THAT COULD BECOME MEMBERS OF OUR NETWORK ARE INVITED TO JOIN US AT THE GAM SO THAT THEY CAN GET TO KNOW THE MEMBERS PERSONALLY AND SEE HOW WE WORK TOGETHER. THIS HAS PROVEN A SUCCESSFUL WAY OF RECRUITING NEW MEMBERS AND OF KEEPING MEMBERSHIP SATISFIED.THE MINUTES OF THE GAM ARE RECORDED AND DISTRIBUTED WITHIN THE PERIOD OF ONE MONTH AFTER THE EVENT. THESE MINUTES ARE KEPT IN AN APPROPRIATE REGISTER AT THE MANAGEMENT OFFICE.

Program 2

IN-HOUSE PROTECTION PROGRAMIN ORDER TO GUARANTEE MEMBER-TO-MEMBER PAYMENTS, TPF CREATED A FUND THAT WOULD PROVIDE FINANCIAL COVERAGE IN THE EVENT OF NON-PAYMENT BETWEEN TPF MEMBERS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $91,798

Program Service Revenue $23,350

Investment Income $0

Other Revenue $0

TOTAL REVENUE $115,148

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $70,178

Other Expenses $112,062

TOTAL EXPENSES $112,062

Year-over-Year Comparison

	2023	2022	Change
Revenue	$115,148	$83,838	+0.4%
Expenses	$112,062	$72,003	+0.6%
Net Income	$3,086	$11,835	-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

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
LAURA VILLEGAS	CHAIRMAN, CEO	5.00	Officer Director	$0	$0	$0
STEFANO SIRACUSANO	VICE-CHAIRMAN, CCO	5.00	Officer Director	$0	$0	$0
RONALD SCHOTTELNDREIER	CMO	5.00	Officer Director	$0	$0	$0
ARVIND KUMAR SHARMA	TREASURER,CFO	5.00	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$115,148	$112,062	$190,801	$3,086
2022	$83,838	$72,003	$180,658	$11,835
2021	$83,488	$80,087	$153,676	$3,401
2020	$78,959	$68,953	$143,175	$10,006
2019	$104,938	$94,217	$162,436	$10,721
2018	$126,196	$106,740	$142,262	$19,456