ASIANWEEK FOUNDATION (EIN 201719535) - 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

Principal Officer

MYLES SWOOPES

Phone

8165916770

Tax Period

2024-01-01 to 2024-12-31

ASIANWEEK FOUNDATION, founded in 2004, is a small nonprofit in the Human Services sector that reported $857K in total revenue in fiscal year 2024. Revenue surged 146% from the prior year, signaling strong growth momentum. Expenses of $944K exceeded revenue, resulting in a 10% operating deficit.

Mission

ENCOURAGES THE SHARING OF DIFFERENCES AND APPRECIATION OF DIVERSITY ACROSS CULTURE, LANGUAGE,

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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 $745,165

Program Service Revenue $111,935

Investment Income $0

Other Revenue $0

TOTAL REVENUE $857,100

Expense Breakdown

Grants Paid $48,000

Salaries & Benefits $321,406

Fundraising Expenses $20,171

Program Expenses $863,378

Other Expenses $574,731

TOTAL EXPENSES $944,137

Year-over-Year Comparison

	2024	2023	Change
Revenue	$857,100	$348,501	+1.5%
Expenses	$944,137	$493,813	+0.9%
Net Income	$-87,037	$-145,312	-0.4%

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

4000

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
MYLES SWOOPES	CEO	2.00	Officer Director	$0	$0	$0
JULIE YIM	CFO & TREASURER	2.00	Officer Director	$0	$0	$0
SEAN MICHAEL FANG	Secretary	2.00	Officer Director	$0	$0	$0
CLEMENTINE HOWARD	Chairman	2.00	Officer Director	$0	$0	$0
TONY THOMPSON	BOARD MEMBER	2.00	Director	$0	$0	$0
ZORAN BASICH	BOARD MEMBER	2.00	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
2024	$857,100	$944,137	$111,627	$-87,037
2023	$348,501	$493,813	$177,151	$-145,312
2022	$544,847	$350,896	$325,892	$193,951
2021	$175,917	$138,727	$127,685	$37,190
2020	$132,206	$81,160	$86,144	$51,046
2019	$58,880	$41,621	$31,009	$17,259
2018	$53,930	$41,633	$13,749	$12,297

ASIANWEEK FOUNDATION