Philadelphia, PA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)Asian Arts Initiative, founded in 1996, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.6M in total revenue in fiscal year 2024. Revenue decreased 16% compared to the prior year. Expenses of $2.6M exceeded revenue, resulting in a 60% operating deficit.
THE ASIAN ARTS INITIATIVE IS A COMMUNITY-BASED ARTS CENTER IN PHILADELPHIA THAT ENGAGES ARTISTS AND EVERYDAY PEOPLE TO CREATE ART THAT EXPLORES THE DIVERSE EXPERIENCES OF ASIAN AMERICANS, ADDRESSES OUR SOCIAL CONTEXT, IMAGINES AND AFFECTS POSITIVE COMMUNITY CHANGE.
THE ASIAN ARTS INITIATIVE OFFERS PERFORMANCES, EXHIBITIONS, WORKSHOPS AND TRAINING FOR ARTISTS, YOUTH AND ADULTS WHO SHARE ITS MISSION OF COMMUNITY BASED ARTS. THE ASIAN ARTS INITIATIVE IS A UNIQUE...
THE ASIAN ARTS INITIATIVE OFFERS PERFORMANCES, EXHIBITIONS, WORKSHOPS AND TRAINING FOR ARTISTS, YOUTH AND ADULTS WHO SHARE ITS MISSION OF COMMUNITY BASED ARTS. THE ASIAN ARTS INITIATIVE IS A UNIQUE AND VITAL CIVIC SPACE WHERE ARTISTS AND EVERYDAY PEOPLE CAN THINK CRITICALLY ABOUT THE EXPERIENCES OF ASIAN AMERICANS IN PHILADELPHIA. IT IS A MEETING PLACE FOR PEOPLE WHO LACK ACCESS TO MAINSTREAM MEDIA, EDUCATION AND ARTS BECAUSE OF BARRIERS OF LANGUAGE, CULTURE, RACE AND MONEY. IT SERVES A DIVERSE CONSTITUENCY OF ASIAN IMMIGRANTS, ASIAN AMERICANS BORN IN THE US AND NON ASIANS WHO COME TOGETHER TO GIVE VOICE TO THEIR EXPERIENCES, RAISE AWARENESS OF ISSUES FACING THEM AND IMAGINE THEIR COLLECTIVE POSSIBILITIES FOR SOCIAL CHANGE.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $1,647,988 | $1,973,295 | -0.2% |
| Expenses | $2,641,349 | $2,581,180 | +0.0% |
| Net Income | $-993,361 | $-607,885 | +0.6% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Matt Nelson | MANAGING DIRECTOR | 40.0 |
Highest
|
$106,223 | $3,600 | $109,823 |
| DAVE KYU | Interim ED (EFF. 8/15/24) | 40.0 |
Officer
|
$98,908 | $4,481 | $103,389 |
| Anne Ishii | Former ED (Thru. 8/15/24) | 40.0 |
Officer
|
$71,619 | $0 | $71,619 |
| Tuan Nguyen | Board Chair | 1.0 |
Officer
Director
|
$0 | $0 | $0 |
| Blessy Thomas | TREASURER | 1.0 |
Officer
Director
|
$0 | $0 | $0 |
| Eva Ray | Secretary (Thru. 12/31/2024) | 1.0 |
Officer
Director
|
$0 | $0 | $0 |
| Sandra Clark | Board Member | 1.0 |
Director
|
$0 | $0 | $0 |
| Mary Yee | Board Member | 1.0 |
Director
|
$0 | $0 | $0 |
| Candace Chewning | Board Member | 1.0 |
Director
|
$0 | $0 | $0 |
| Catherine Lee | Secretary (eff. 8/29/2024) | 1.0 |
Director
|
$0 | $0 | $0 |
| Sonia Pal | Board Member (thru 7/31/24) | 1.0 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $1,647,988 | $2,641,349 | $7,664,202 | $-993,361 |
| 2024 | No data | No data | No data | No data |
| 2023 | $1,796,789 | $2,091,708 | $9,211,656 | $-294,919 |
| 2022 | $3,219,829 | $1,854,995 | $9,408,245 | $1,364,834 |
| 2021 | $1,837,879 | $1,385,533 | $8,563,408 | $452,346 |
| 2020 | $1,236,290 | $1,537,649 | $7,849,419 | $-301,359 |
| 2019 | $941,051 | $1,778,639 | $7,796,965 | $-837,588 |
| 2018 | $2,935,003 | $1,705,629 | $8,601,601 | $1,229,374 |
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