ASIAN-AMERICAN LAWYERS ASSOCIATION OF MASSACHUSETTS INC

EIN: 222520058 Crime & Legal

BOSTON, MA

Total Revenue
$146,113
Total Expenses
$129,584
Total Assets
$200,148
Net Assets
$200,148
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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
1984
Legal Domicile
MA
Phone
6175952939
Tax Period
2024-01-01 to 2024-12-31

ASIAN-AMERICAN LAWYERS ASSOCIATION OF MASSACHUSETTS INC, founded in 1984, is a small nonprofit in the Crime & Legal sector that reported $146K in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $130K left a modest 11% surplus.

Mission

AALAM serves as a professional and social network for its members.

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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 $0
Program Service Revenue $18,129
Investment Income $0
Other Revenue $127,984
TOTAL REVENUE $146,113

Expense Breakdown

Grants Paid $68,500
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $129,584
Other Expenses $61,084
TOTAL EXPENSES $129,584

Year-over-Year Comparison

2024 2023 Change
Revenue $146,113 $131,561 +0.1%
Expenses $129,584 $126,905 +0.0%
Net Income $16,529 $4,656 +2.6%
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

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Governance

Voting Members
25
Independent Members
25
Employees
N/A
Volunteers
25

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
5
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Melissa Wong President and Officer 4.00
Officer
$0 $0 $0
Tiffany Ko Vice President and Officer 4.00
Officer
$0 $0 $0
Justin Yi Secretary and Officer 4.00
Officer
$0 $0 $0
Diana Li Chikwamba Treasurer and Officer 4.00
Officer
$0 $0 $0
Chantal Choi Assistant Treasurer and Officer 4.00
Officer
$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 $146,113 $129,584 $200,148 $16,529
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