ASIAN ARTS CENTER

EIN: 311693974 501(c)(3)

LAKE PARK, FL

Total Revenue
$240,988
Total Expenses
$320,273
Total Assets
$54,545
Net Assets
$49,945
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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
2000
Legal Domicile
OH
Principal Officer
MATTHEW PASQUINILLI
Phone
9373950333
Tax Period
2019-01-01 to 2019-12-31

ASIAN ARTS CENTER, founded in 2000, is a small nonprofit that reported $241K in total revenue in fiscal year 2019. Revenue decreased 12% compared to the prior year. Expenses of $320K exceeded revenue, resulting in a 33% operating deficit.

Mission

TO TEACH CHARACTER SKILLS TO CHILDREN THROUGH PHYSICAL FITNESS WHICH WILL ENHANCE THEIR EMOTIONAL WELL BEING.

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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 (2019)

Revenue Breakdown

Contributions & Grants $8,600
Program Service Revenue $108,741
Investment Income $125,426
Other Revenue $-1,779
TOTAL REVENUE $240,988

Expense Breakdown

Grants Paid $0
Salaries & Benefits $243,262
Fundraising Expenses $0
Program Expenses $274,740
Other Expenses $58,167
TOTAL EXPENSES $320,273

Year-over-Year Comparison

2019 2018 Change
Revenue $240,988 $273,679 -0.1%
Expenses $320,273 $263,934 +0.2%
Net Income $-79,285 $9,745 -9.1%
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
3
Independent Members
3
Employees
9
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
3
$191,228
Total Directors
4
$191,228
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MATTHEW PASQUINILLI EXECUTIVE DI 40.00
Officer Director
$190,028 $1,200 $191,228
DR SUSAN ABOSSEIN VICE PRESIDE 1.00
Officer Director
$0 $0 $0
RICHARD H GRANT III PRESIDENT 1.00
Officer Director
$0 $0 $0
ELIZABETH SCHROEDER 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
2019 $240,988 $320,273 $54,545 $-79,285
2018 $273,679 $263,934 $319,424 $9,745
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