AMERICAN FRIENDS OF THE SHANGHAI M… - Form 990 Financial Data

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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

1995

Legal Domicile

Principal Officer

PATRICIA PEI

Phone

2125356333

Tax Period

2024-01-01 to 2024-12-31

AMERICAN FRIENDS OF THE SHANGHAI MUSEUM INC, founded in 1995, is a small nonprofit in the Arts, Culture & Humanities sector that reported $234K in total revenue in fiscal year 2024. Revenue surged 143% from the prior year, signaling strong growth momentum. Expenses of $290K exceeded revenue, resulting in a 24% operating deficit.

Mission

FOUNDED IN 1995, THE AMERICAN FRIENDS OF THE SHANGHAI MUSEUM IS A NOT-FOR-PROFIT ORGANIZATION WHOSE MISSION IS TO RAISE AWARENESS AND FINANCIAL SUPPORT FOR THE SHANGHAI MUSEUM, CONTINUING A DISTINGUISHED HISTORY OF PATRON SUPPORT FOR CHINA'S FOREMOST ART MUSEUM.

Program Service Accomplishments

Program 1

Expenses: $277,774

AMERICAN FRIENDS OF THE SHANGHAI MUSEUM SUPPORTS EXHIBITIONS, ACQUISITIONS, AND EDUCATIONAL PROGRAMS AT THE SHANGHAI MUSEUM AND RELATED PROJECTS IN THE UNITED STATES. IT SPONSORS A BI-ANNUAL...

AMERICAN FRIENDS OF THE SHANGHAI MUSEUM SUPPORTS EXHIBITIONS, ACQUISITIONS, AND EDUCATIONAL PROGRAMS AT THE SHANGHAI MUSEUM AND RELATED PROJECTS IN THE UNITED STATES. IT SPONSORS A BI-ANNUAL DISTINGUISHED SCHOLAR AWARD IN CHINESE ART HISTORY RECOGNIZING LIFETIME ACHIEVEMENT IN THE FIELD AS WELL AS EDUCATIONAL TALKS, SPECIAL EVENTS, AND CURATOR-LED TRIPS TO PLACES OF INTEREST IN ASIA AND ELSEWHERE. IT ALSO FUNDS EXCHANGES OF SCHOLARS FROM CHINA TO U.S. MUSEUMS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $178,706

Program Service Revenue $0

Investment Income $55,060

Other Revenue $0

TOTAL REVENUE $233,766

Expense Breakdown

Grants Paid $180,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $277,774

Other Expenses $109,673

TOTAL EXPENSES $289,673

Year-over-Year Comparison

	2024	2023	Change
Revenue	$233,766	$96,019	+1.4%
Expenses	$289,673	$101,799	+1.8%
Net Income	$-55,907	$-5,780	+8.7%

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
PATRICIA PEI	PRESIDENT	0.50	Officer Director	$0	$0	$0
SHAU-WAI LAM	TREASURER	0.50	Officer Director	$0	$0	$0
PETER KIMMELMAN	DIRECTOR	0.50	Director	$0	$0	$0
WILLIAM M GRISWOLD	DIRECTOR	0.50	Director	$0	$0	$0
MIMI GATES	DIRECTOR	0.50	Director	$0	$0	$0
JANINE LUKE	SECRETARY	0.50	Officer Director	$0	$0	$0
CLARA XING	DIRECTOR	0.50	Director	$0	$0	$0
JAY XU	DIRECTOR	0.50	Director	$0	$0	$0
CHRISTINA YU YU	DIRECTOR	0.50	Director	$0	$0	$0
GEORGE FAN	DIRECTOR	0.50	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	$233,766	$289,673	$1,826,811	$-55,907
2023	$96,019	$101,799	$1,477,290	$-5,780
2022	$92,837	$281,435	$1,372,250	$-188,598
2021	$107,263	$78,300	$1,877,675	$28,963
2020	$363,535	$119,961	$1,633,442	$243,574
2019	$171,342	$201,091	$1,448,058	$-29,749
2018	$172,045	$116,024	$1,054,330	$56,021

AMERICAN FRIENDS OF THE SHANGHAI MUSEUM INC