ASIAN AMERICAN ARTS ALLIANCE 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

1989

Legal Domicile

Principal Officer

LISA GOLD

Phone

2129419208

Tax Period

2023-01-01 to 2023-12-31

ASIAN AMERICAN ARTS ALLIANCE INC, founded in 1989, is a small nonprofit in the Arts, Culture & Humanities sector that reported $932K in total revenue in fiscal year 2023. The organization ran a surplus of $288K, a strong 31% operating margin.

Mission

DEDICATED TO ENSURING GREATER REPRESENTATION, EQUITY AND OPPORTUNITIES FOR ASIAN AMERICAN ARTISTS AND CULTURAL ORGANIZATIONS THROUGH RESOURCE SHARING, PROMOTION AND COMMUNITY BUILDING. THE ALLIANCE BUILDS AND SUPPORTS THEIR COMMUNITY THROUGH PROGRAMS THAT ENCOURAGE PEER-LEARNING, COLLABORATION AND PROFESSIONAL DEVELOPMENT.

Program Service Accomplishments

Program 1

Expenses: $446,871 Revenue: $2,484

THE ASIAN AMERICAN ARTS ALLIANCES A4 CORE PROGRAMMING INCLUDES 1 TOWN HALL BI-MONTHLY PROGRAM IN WHICH ASIAN AMERICAN ARTISTS AND ORGANIZATIONS PITCH THEIR WORK IN A SAFE COMMUNITY SPACE TO FIND...

THE ASIAN AMERICAN ARTS ALLIANCES A4 CORE PROGRAMMING INCLUDES 1 TOWN HALL BI-MONTHLY PROGRAM IN WHICH ASIAN AMERICAN ARTISTS AND ORGANIZATIONS PITCH THEIR WORK IN A SAFE COMMUNITY SPACE TO FIND COLLABORATORS AND PROMOTE PROJECTS AND OPPORTUNITIES 2 PROFESSIONAL DEVELOPMENT AND CONVERSAATION SERIES THAT PROVIDE OPPORTUNITIES FOR PEER DISCUSSION, PRACTICAL LEARNING, AND CRITICAL FEEDBACK 3 FELLOWSHIPS, RESIDENCIES AWARDS VAN LIER AND JADIN WONG FELLOWSHIPS TO HELP EMERGING ARTISTS TO DEVELOP THEIR TALENT AND HELP ESTABLISH THEM IN THE PROFESSIONAL ARTS COMMUNITY, AND BANDUNG RESIDENCY TO PROMOTE BLACK AND ASIAN AMERICAN SOLIDARITY, WHAT CAN WE DO GRANTS TO ENCOURAGE CREATIVE ACTS OF COMMUNITY CARE 4 CIVIC ENGAGEMENT TO BRING FORTH THE VOICES OF ASIAM AMERICAN ARTISTS AND ARTS LEADERS AT LOCAL, REGIONAL, AND NATIONAL LEVELS IN ARTS ARENAS THROUGH ADVOCACY PROJECTS AND ACTIVITIES.

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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 $966,167

Program Service Revenue $2,484

Investment Income $39

Other Revenue $-36,891

TOTAL REVENUE $931,799

Expense Breakdown

Grants Paid $11,950

Salaries & Benefits $358,609

Fundraising Expenses $78,991

Program Expenses $446,871

Other Expenses $273,189

TOTAL EXPENSES $643,748

Year-over-Year Comparison

	2023	2022	Change
Revenue	$931,799	$875,912	+0.1%
Expenses	$643,748	$450,446	+0.4%
Net Income	$288,051	$425,466	-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

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

$87,282

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LISA GOLD	EXECUTIVE DIRECTOR	040.00	Officer	$82,794	$4,488	$87,282
REENA JANA	PRESIDENT	000.75	Officer Director	$0	$0	$0
TARIQ AHMAD	SECRETARY	000.50	Officer Director	$0	$0	$0
KELIN LI	TREASURER	000.50	Officer Director	$0	$0	$0
RONALD D LEE	DIRECTOR RESIGNED IN JANUARY 2023	000.25	Director	$0	$0	$0
ALAN LO	DIRECTOR	000.25	Director	$0	$0	$0
ATHENA ROBLES	PRESIDENT	000.25	Director	$0	$0	$0
TIFFANY TAY	DIRECTOR RESIGNED IN SEPTEMBER 2023	000.25	Director	$0	$0	$0
STEVEN HSAIO	DIRECTOR RESIGNED IN DECEMBER 2023	000.25	Director	$0	$0	$0
ESTHER AHN	DIRECTOR RESIGNED IN FEBRUARY 2023	000.25	Director	$0	$0	$0
AMY HAU	DIRECTOR	000.25	Director	$0	$0	$0
JOSHUA CIPKALA-GAFFIN	DIRECTOR	000.25	Director	$0	$0	$0
RYNA DERY	DIRECTOR	000.25	Director	$0	$0	$0
RISHA LEE	DIRECTOR	000.25	Director	$0	$0	$0
MICHELLE PHAM	DIRECTOR	000.25	Director	$0	$0	$0
OSCAR WONG	DIRECTOR	000.25	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	No data	No data	No data	No data
2023	$931,799	$643,748	$1,219,755	$288,051
2022	$875,912	$450,446	$945,551	$425,466
2021	$598,018	$355,108	$469,849	$242,910
2020	$310,135	$305,840	$259,307	$4,295