USTC INITIATIVE FOUNDATION

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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

Hua Jiang

Phone

6506918648

Tax Period

2024-01-01 to 2024-12-31

USTC INITIATIVE FOUNDATION, founded in 2010, is a small nonprofit in the Education sector that reported $939K in total revenue in fiscal year 2024. Revenue fell 45% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $830K, a strong 88% operating margin.

Mission

To further relationship that would benefit and enrich the academic communities of Asians and Asian Americans in the U.S.A. and in Asia by: (a) providing support for academic communities, including universities, colleges, academic institutions, and affiliate entities, students, faculties and friends; (b) promoting academic and cultural exchange between academic institutions in the U.S.A. and Asia; (c) promoting and inspiring Asian and Asian Americans' excellence in industries.

Program Service Accomplishments

Program 1

Expenses: $36,621 Revenue: $0

Industry Engagement & Educational Programs This IRS compliant initiative facilitates professional development through: 1.Networking Events (1) AI Alumni Cocktail (Silicon Valley) - Connecting tech...

Industry Engagement & Educational Programs This IRS compliant initiative facilitates professional development through: 1.Networking Events (1) AI Alumni Cocktail (Silicon Valley) - Connecting tech professionals and researchers across industries (2) Tech Summits (Seattle and Boston) - Featuring academic and industry leaders from UW, MIT, Harvard, etc. 2.Career Development (1)Lighthouse Mentorship Program - Supporting next-generation entrepreneurs 3.Knowledge Dissemination (1) MiciusSalon - Science education broadcasts

Program 2

Expenses: $30,000 Revenue: $0

University of Arizona Academic Exchange Program: This IRS-compliant program facilitates scholarly collaboration through: (1) Faculty and student lectures and seminars (2) Joint academic initiatives Designed exclusively to: (1) Advance knowledge sharing (2) Promote research innovation (3) Strengthen institutional partnerships

Program 3

Expenses: $30,000 Revenue: $0

Stanford University Undergraduate Visiting Research Program (UGVR) The UGVR program facilitates structured research collaboration between Stanford University and select partner institutions in Asia by sponsoring qualified undergraduate students to conduct summer research on campus. As non-degree visiting scholars, participants engage in faculty-mentored projects while contributing to the academic diversity of Stanford's research community. This exchange advances the university's global engagement mission by: (1) Providing Asian undergraduates with immersive research training in a U.S. academic environment (2) Enriching Stanford's intellectual landscape through international scholarly exchange (3) Establishing lasting institutional partnerships through shared academic endeavors All program activities comply with relevant U.S. tax regulations governing international educational exchanges.

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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 $791,747

Program Service Revenue $6,152

Investment Income $140,817

Other Revenue $0

TOTAL REVENUE $938,716

Expense Breakdown

Grants Paid $74,784

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $96,621

Other Expenses $33,987

TOTAL EXPENSES $108,771

Year-over-Year Comparison

	2024	2023	Change
Revenue	$938,716	$1,715,071	-0.5%
Expenses	$108,771	$1,216,505	-0.9%
Net Income	$829,945	$498,566	+0.7%

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
Hua Jiang	President	2	Officer Director	$0	$0	$0
Lei Zhang	Chief Financial Officer	3	Officer Director	$0	$0	$0
Haoying Sun	Secretary	1	Officer Director	$0	$0	$0
Long Yu	Director	2	Officer Director	$0	$0	$0
Ou Chen	Director	2	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
2024	$938,716	$108,771	$4,907,754	$829,945
2023	$1,715,071	$1,216,505	$4,065,506	$498,566
2022	$1,246,086	$882,106	$3,563,310	$363,980
2021	$510,824	$53,037	$3,207,432	$457,787
2020	$481,489	$60,119	$2,744,654	$421,370
2019	$464,226	$67,760	$2,320,912	$396,466
2018	$842,899	$28,439	$1,923,086	$814,460