PENN ASIAN SENIOR SERVICES INC

EIN: 202643138 501(c)(3) Health Care

PHILADELPHIA, PA

Total Revenue
$37,169,315
Total Expenses
$34,370,558
Total Assets
$28,900,296
Net Assets
$26,283,327
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2005
Legal Domicile
PA
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.

Program Service Accomplishments

Program 1
Expenses: $32,354,202 Revenue: $36,082,189

IN 2024 THE ORGANIZATION SERVED MORE THAN 750 CLIENTS, ASIAN AMERICAN SENIORS AND OTHER ADULTS WHO ARE DISADVANTAGED BY THEIR LANGUAGE AND CULTURAL BARRIERS. UNDER THE HOME CARE DIVISION, APPROX. 730...

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IN 2024 THE ORGANIZATION SERVED MORE THAN 750 CLIENTS, ASIAN AMERICAN SENIORS AND OTHER ADULTS WHO ARE DISADVANTAGED BY THEIR LANGUAGE AND CULTURAL BARRIERS. UNDER THE HOME CARE DIVISION, APPROX. 730 CLIENTS WERE SERVED IN THEIR OWN ETHNIC LANGUAGES. AN ADDITIONAL 203 ASIAN ELDERLY WERE SERVED IN ITS ADULT DAY CARE CENTER, WHICH WAS OPENED IN 2014.

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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%)

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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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Liquidity & Cash Position

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Governance

Voting Members
9
Independent Members
9
Employees
970
Volunteers
29

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
6
$165,584
Total Directors
10
$165,584
Key Employees
0
$0
Highest Compensated
0
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
2025 No data No data No data No data
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
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