National Queer Asian Pacific Islander Alliance Inc dba NQAPIA (EIN 272114866) - 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

2010

Legal Domicile

Principal Officer

Rachel Figurasmith

Phone

7183357055

Tax Period

2024-01-01 to 2024-12-31

National Queer Asian Pacific Islander Alliance Inc dba NQAPIA, founded in 2010, is a small nonprofit in the Civil Rights & Advocacy sector that reported $325K in total revenue in fiscal year 2024. Revenue fell 51% from the prior year — a significant decline worth monitoring. Expenses of $698K exceeded revenue, resulting in a 115% operating deficit.

Mission

The National Queer Asian Pacific Islander Alliance (NQAPIA), a national leader in the LGBTQ+ AANHPI community, serves as a convener of community leaders and groups; prepares leaders to challenge systemic injustices; and advocates for LGBTQ+ AANHPI liberation across the United States and its territories. * LGBTQ+ AANHPI : Lesbian Gay Bisexual Trans Queer + Asian American Native Hawaiian Pacific Islander

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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 $280,192

Program Service Revenue $33,840

Investment Income $10,735

Other Revenue $0

TOTAL REVENUE $324,767

Expense Breakdown

Grants Paid $0

Salaries & Benefits $458,958

Fundraising Expenses $53,600

Program Expenses $458,813

Other Expenses $238,953

TOTAL EXPENSES $697,911

Year-over-Year Comparison

	2024	2023	Change
Revenue	$324,767	$658,729	-0.5%
Expenses	$697,911	$463,960	+0.5%
Net Income	$-373,144	$194,769	-2.9%

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

N/A

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

$145,750

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Rachel Figurasmith	Executive Dir.	40.00	Officer	$145,750	$0	$145,750
Shilpa Joshi	Chairman	1.00	Officer Director	$0	$0	$0
Nicholas Kor	Chairman	1.00	Officer Director	$0	$0	$0
Thai Lee	Trustee	1.00	Director	$0	$0	$0
Milap Patel	Trustee	1.00	Director	$0	$0	$0
Richa Sahay	Trustee	1.00	Director	$0	$0	$0
Preston Tang	Trustee	1.00	Director	$0	$0	$0
Tafilisauona Toleafoa	Trustee	1.00	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
2024	$324,767	$697,911	$1,555,989	$-373,144
2023	$658,729	$463,960	$1,926,347	$194,769
2023	$392,907	$400,871	$1,721,546	$-7,964
2022	$512,126	$288,239	$1,751,715	$223,887
2021	$795,861	$220,711	$1,625,560	$575,150
2020	$838,365	$570,584	$824,522	$267,781
2019	$811,039	$775,798	$459,286	$35,241
2018	$1,088,301	$1,224,378	$393,220	$-136,077

National Queer Asian Pacific Islander Alliance Inc dba NQAPIA