PENN ASIAN SENIOR SERVICES INC (EIN 202643138) - 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

2005

Legal Domicile

Principal Officer

KENNETH YANG

Phone

2155721234

Tax Period

2024-01-01 to 2024-12-31

PENN ASIAN SENIOR SERVICES INC, founded in 2005, is a mid-sized nonprofit in the Health Care sector that reported $37.2M in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion. Expenses of $34.4M left a modest 8% surplus.

Mission

TO PROMOTE THE WELL BEING OF ASIAN AMERICAN SENIORS AND OTHER ADULTS WHO ARE DISADVANTAGED BY THEIR LANGUAGE BARRIER AND OTHER CULTURAL BARRIERS.

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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 $498,572

Program Service Revenue $35,999,678

Investment Income $588,554

Other Revenue $82,511

TOTAL REVENUE $37,169,315

Expense Breakdown

Grants Paid $0

Salaries & Benefits $31,855,439

Fundraising Expenses $418,739

Program Expenses $32,354,202

Other Expenses $2,515,119

TOTAL EXPENSES $34,370,558

Year-over-Year Comparison

	2024	2023	Change
Revenue	$37,169,315	$34,305,930	+0.1%
Expenses	$34,370,558	$30,374,148	+0.1%
Net Income	$2,798,757	$3,931,782	-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

970

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

$165,584

Total Directors

$165,584

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KENNETH YANG	CEO	40.00	Officer Director	$146,112	$19,472	$165,584
BRIAN M DUKE MHA MBE	DIRECTOR	1.00	Director	$0	$0	$0
SHIRLEY MOY	DIRECTOR	1.00	Director	$0	$0	$0
GRACE WU KONG	DIRECTOR	1.00	Director	$0	$0	$0
PATRICIA MODAFFERI	DIRECTOR	1.00	Director	$0	$0	$0
BEN CHOI	DIRECTOR	1.00	Officer Director	$0	$0	$0
PEARL LEE	TREASURER	1.00	Officer Director	$0	$0	$0
DAVID A MILLER	CHAIR	1.00	Officer Director	$0	$0	$0
OSCAR P VANCE JR	VICE CHAIR	1.00	Officer Director	$0	$0	$0
DR BINH P LE	SECRETARY	1.00	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	$37,169,315	$34,370,558	$28,900,296	$2,798,757
2023	$34,305,930	$30,374,148	$26,470,761	$3,931,782
2022	$33,302,792	$27,296,911	$22,763,501	$6,005,881
2021	$24,577,068	$23,486,856	$17,408,513	$1,090,212
2020	$23,172,171	$25,511,095	$16,150,882	$-2,338,924
2020	$23,203,892	$24,467,440	$16,145,454	$-1,263,548
2019	$20,127,053	$22,110,008	$17,680,078	$-1,982,955
2018	$18,656,762	$16,621,437	$20,162,343	$2,035,325

PENN ASIAN SENIOR SERVICES INC