ASIAN ART FOUNDATION (EIN 273340630) - 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

FENG WANG

Tax Period

2023-01-01 to 2023-12-31

ASIAN ART FOUNDATION, founded in 2010, is a small nonprofit in the Arts, Culture & Humanities sector that reported $110K in total revenue in fiscal year 2023. Revenue fell 67% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $109K, a strong 98% operating margin.

Mission

TO INTRODUCE CLASSIC CHINESE CULTURE TO THE RESIDENTS OF SAN FRANCISCO BAY AREA; TO PROMOTE ANICENT ASIAN ARTS TO SAN FRANCISCO BAY AREA.

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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 (2023)

Revenue Breakdown

Contributions & Grants $109,674

Program Service Revenue $240

Investment Income $0

Other Revenue $517

TOTAL REVENUE $110,431

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $1,912

TOTAL EXPENSES $1,912

Year-over-Year Comparison

	2023	2022	Change
Revenue	$110,431	$331,072	-0.7%
Expenses	$1,912	$118,957	-1.0%
Net Income	$108,519	$212,115	-0.5%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEVIN GAO	DIRECTOR	1.00	Director	$0	$0	$0
FENG WANG	PRESIDENT	10.00	Director	$0	$0	$0
CATHY WEI	SECRETARY	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	No data	No data	No data	No data
2023	$110,431	$1,912	$908,652	$108,519
2022	$331,072	$118,957	$679,343	$212,115
2021	$116,410	$13,169	$556,452	$103,241
2020	$177,093	$29,366	$449,794	$147,727
2019	$162,236	$105,024	$297,898	$57,212
2018	$74,110	$503	$188,756	$73,607

ASIAN ART FOUNDATION