ASIAN AMERICAN BUSINESS DEVELOPMENT CENTER INC (EIN 133801336) - 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

1994

Legal Domicile

Principal Officer

JOHN WANG

Phone

2129660100

Tax Period

2023-10-01 to 2024-09-30

ASIAN AMERICAN BUSINESS DEVELOPMENT CENTER INC, founded in 1994, is a community nonprofit in the Community Improvement sector that reported $1.2M in total revenue in fiscal year 2023. Revenue fell 25% from the prior year — a significant decline worth monitoring.

Mission

TO PROVIDE ASIAN-AMERICAN BUSINESS OWNERS WITH TECHNICAL AND PROFESSIONAL ASSISTANCE IN DEVELOPING MARKETING AND FINANCING STRATEGIES.

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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 $1,167,276

Program Service Revenue $0

Investment Income $21,232

Other Revenue $0

TOTAL REVENUE $1,188,508

Expense Breakdown

Grants Paid $0

Salaries & Benefits $348,394

Fundraising Expenses $108,123

Program Expenses $794,631

Other Expenses $922,561

TOTAL EXPENSES $1,270,955

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,188,508	$1,590,149	-0.3%
Expenses	$1,270,955	$1,262,499	+0.0%
Net Income	$-82,447	$327,650	-1.3%

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

$117,500

Total Directors

$117,500

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
John Wang	Chairman	40.00	Officer Director	$87,500	$30,000	$117,500
Joyce Chang	Director	40.00	Director	$0	$0	$0
Anindo Dutta	Director	40.00	Director	$0	$0	$0
David Reid	BOARD	40.00	Director	$0	$0	$0
Rohan Thapar	Secretary	40.00	Officer Director	$0	$0	$0
Christy Wang	Treasurer	40.00	Officer Director	$0	$0	$0
Scott Wang	President	40.00	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	$1,188,508	$1,270,955	$1,304,922	$-82,447
2023	$1,590,149	$1,262,499	$1,256,226	$327,650
2022	$755,571	$854,914	$996,075	$-99,343
2021	$1,370,849	$683,771	$958,350	$687,078
2020	$440,251	$373,371	$333,872	$66,880
2019	$655,813	$691,088	$207,673	$-35,275
2018	$545,754	$579,435	$200,832	$-33,681

ASIAN AMERICAN BUSINESS DEVELOPMENT CENTER INC