Asian Arts Initiative (EIN 232827657) - 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

1996

Legal Domicile

Principal Officer

DAVE KYU

Phone

2155570455

Tax Period

2024-07-01 to 2025-06-30

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.

Mission

THE ASIAN ARTS INITIATIVE OFFERS PERFORMANCES, EXHIBITIONS, WORKSHOPS AND TRAINING FOR ARTISTS,YOUTH AND ADULTS WHO SHARE ITS MISSION OF COMMUNITY BASED ARTS.

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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 $1,272,619

Program Service Revenue $170,007

Investment Income $205,362

Other Revenue $0

TOTAL REVENUE $1,647,988

Expense Breakdown

Grants Paid $313,021

Salaries & Benefits $1,496,746

Fundraising Expenses $220,775

Program Expenses $1,795,019

Other Expenses $831,582

TOTAL EXPENSES $2,641,349

Year-over-Year Comparison

	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%

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

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

$175,008

Total Directors

Key Employees

Highest Compensated

reported

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

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	$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

Asian Arts Initiative