Asian Festival Corp (EIN 010813672) - 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

2004

Legal Domicile

Phone

6143150189

Tax Period

2025-01-01 to 2025-12-31

Asian Festival Corp, founded in 2004, is a small nonprofit in the Recreation & Sports sector that reported $286K in total revenue in fiscal year 2025. Revenue fell 36% from the prior year — a significant decline worth monitoring. Expenses of $358K exceeded revenue, resulting in a 25% operating deficit.

Mission

Asian Festival promotes the importants of cultural diversity in building a vibrant,prosperous and healthy community. Our statement of values: Show casing our cultural heritage advocating the importance of lifelong learning and education. Serving with integrity

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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 (2025)

Revenue Breakdown

Contributions & Grants $180,365

Program Service Revenue $62,328

Investment Income $30,245

Other Revenue $13,000

TOTAL REVENUE $285,938

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $15,834

Program Expenses $335,415

Other Expenses $358,451

TOTAL EXPENSES $358,451

Year-over-Year Comparison

	2025	2024	Change
Revenue	$285,938	$445,221	-0.4%
Expenses	$358,451	$417,031	-0.1%
Net Income	$-72,513	$28,190	-3.6%

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

N/A

Employees

N/A

Volunteers

100

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
Roy D'sa	President	0.00	Officer	$0	$0	$0
Greg Lam	Vice President	N/A	Officer	$0	$0	$0
Bouthanh Phommasathit	Treasurer	0.00	Officer	$0	$0	$0
Kay Zhang	Secretary	0.00	Officer	$0	$0	$0
Austin Chen	Director	N/A	Director	$0	$0	$0
Greg Thirtyacre	Director	0.00	Director	$0	$0	$0
Jeff Woo	Director	0.00	Director	$0	$0	$0
Nan Li	Director	0.00	Director	$0	$0	$0
Valerie Huang	Director	0.00	Director	$0	$0	$0
Mory Fuhrmann	Director	0.00	Director	$0	$0	$0
James Wiggin	Director	0.00	Director	$0	$0	$0
Inna Simakovsky	Director	0.00	Director	$0	$0	$0
Master Sen Gao	Director	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
2025	$285,938	$358,451	$997,706	$-72,513
2024	$445,221	$417,031	$1,040,963	$28,190
2023	$362,047	$360,119	$1,010,145	$1,928
2022	$202,303	$92,262	$1,009,441	$110,041
2021	$186,814	$76,572	$898,893	$110,242
2020	$173,027	$38,850	$787,882	$134,177
2019	$430,776	$412,400	$653,536	$18,376
2018	$355,537	$322,906	$635,714	$32,631

Asian Festival Corp