ASIA WEEK NEW YORK ASSOCIATION INC

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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

ERIC ZETTERQUIST

Phone

9179125661

Tax Period

2023-07-01 to 2024-06-30

ASIA WEEK NEW YORK ASSOCIATION INC, founded in 2010, is a small nonprofit that reported $281K in total revenue in fiscal year 2023.

Mission

ASIA WEEK NEW YORK ASSOCIATION'S PURPOSE IS TO PROMOTE ASIA WEEK NEW YORK AS A LEADING DESTINATION FOR ASIAN ART ENTHUSIASTS WORLDWIDE. ENDORSING THE HIGHEST STANDARDS OF CONNOISSEURSHIP, SCHOLARSHIP, AND ETHICAL PRACTICE WITHIN THE PROFESSION, (CONTINUED ON SCHEDULE O)THE ASSOCIATION ACTS AS A COLLECTIVE VOICE FOR THOSE IN THE ASIAN ART TRADE WHO ARE ITS PARTICIPANTS. ASIA WEEK NEW YORK SUPPORTS COMMUNICATION AND PUBLIC EDUCATION FOCUSED ON ENHANCING THE PUBLIC'S AWARENESS OF ASIAN ART RELATED EXHIBITIONS AND EVENTS AT MUSEUMS, CULTURAL INSTITUTIONS, AND PARTICIPATING AUCTION HOUSES AND GALLERIES.

Program Service Accomplishments

Program 1

PROMOTE ASIA WEEK NEW YORK AS A LEADING DESTINATION FOR ASIAN ART ENTHUSIASTS WORLDWIDE

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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 $0

Program Service Revenue $280,785

Investment Income $0

Other Revenue $0

TOTAL REVENUE $280,785

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $300,067

TOTAL EXPENSES $300,067

Year-over-Year Comparison

	2023	2022	Change
Revenue	$280,785	$271,842	+0.0%
Expenses	$300,067	$285,117	+0.1%
Net Income	$-19,282	$-13,275	+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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ERIC ZETTERQUIST	PRESIDENT	1.00	Officer Director	$0	$0	$0
ERIK THOMSEN	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
KATHERINE MARTIN	TREASURER	1.00	Officer Director	$0	$0	$0
BRENDAN LYNCH	SECRETARY	1.00	Officer Director	$0	$0	$0
JOAN B MIRVISS	DIRECTOR	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
2025	No data	No data	No data	No data
2024	$280,785	$300,067	$64,174	$-19,282
2023	$271,842	$285,117	$83,456	$-13,275
2022	$274,764	$273,433	$102,210	$1,331
2021	$142,600	$122,687	$98,200	$19,913
2020	$308,382	$302,741	$93,687	$5,641
2019	$373,698	$389,115	$69,846	$-15,417