NEW MEXICO ASIAN FAMILY CENTER

EIN: 260545877 501(c)(3) Human Services

ALBUQUERQUE, NM

Total Revenue
$3,154,732
Total Expenses
$1,518,674
Total Assets
$4,379,293
Net Assets
$4,292,973
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2006
Legal Domicile
NM
Principal Officer
CAROL SUZUKI
Tax Period
2023-07-01 to 2024-06-30

NEW MEXICO ASIAN FAMILY CENTER, founded in 2006, is a community nonprofit in the Human Services sector that reported $3.2M in total revenue in fiscal year 2023. Revenue surged 56% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.6M, a strong 52% operating margin.

Mission

THE ORGANIZATIONS PRIMARY MISSION IS TO PROVIDE CULTURALLY SENSITIVE PROGRAMS AND SERVICES CREATING A PAN-ASIAN COMMUNITY THAT ADVOCATES FOR AND SUPPORTS ITSELF.

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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 (2023)

Revenue Breakdown

Contributions & Grants $3,052,203
Program Service Revenue $50,163
Investment Income $35,284
Other Revenue $17,082
TOTAL REVENUE $3,154,732

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,053,946
Fundraising Expenses $0
Program Expenses $1,303,485
Other Expenses $464,728
TOTAL EXPENSES $1,518,674

Year-over-Year Comparison

2023 2022 Change
Revenue $3,154,732 $2,026,710 +0.6%
Expenses $1,518,674 $1,392,140 +0.1%
Net Income $1,636,058 $634,570 +1.6%
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
10
Independent Members
10
Employees
17
Volunteers
4

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
4
$0
Total Directors
10
$0
Key Employees
1
$100,816
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SACHI WATASE EXECUTIVE DIRECTOR 40.00
Key Emp
$92,840 $7,976 $100,816
LINDA VANZI DIRECTOR 2.00
Director
$0 $0 $0
ALICE LIU MCCOY DIRECTOR 2.00
Director
$0 $0 $0
SONDRA ROEUNY DIRECTOR 2.00
Director
$0 $0 $0
THANH-TAM HO DIRECTOR 2.00
Director
$0 $0 $0
CRISTY CHUNG DIRECTOR 2.00
Director
$0 $0 $0
MYRA WASHINGTON DIRECTOR 2.00
Director
$0 $0 $0
LING FAITH-HEUERTZ SECRETARY 2.00
Officer Director
$0 $0 $0
KIRAN KATIRA VICE-PRESIDENT 2.00
Officer Director
$0 $0 $0
JAIME RUMBAOA TREASURER 2.00
Officer Director
$0 $0 $0
CAROL SUZUKI PRESIDENT 3.00
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 $3,154,732 $1,518,674 $4,379,293 $1,636,058
2023 $2,026,710 $1,392,140 $2,763,489 $634,570
2022 $1,283,877 $1,217,815 $2,115,214 $66,062
2021 $1,617,884 $1,122,007 $1,988,527 $495,877
2020 $1,256,957 $1,007,592 $1,506,599 $249,365
2019 $1,167,154 $870,974 $1,290,440 $296,180
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