Asian Business Association of Oran… - Form 990 Financial Data

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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

1992

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

Asian Business Association of Orange County, founded in 1992, is a small nonprofit that reported $333K in total revenue in fiscal year 2023. The organization ran a surplus of $83K, a strong 25% operating margin.

Mission

To promote and develop business of members

Program Service Accomplishments

Program 1

Expenses: $103,399

Procurement and business conferences are held every year to bring together companies and the association members for the purpose of promoting and developing each others business

Program 2

Expenses: $69,226

Annual banquet is held to recognize business leaders in order to increase awareness in the business community of the presence of the organization and how it could help locally

Program 3

Expenses: $50,539

Business mixers are held to provide networking opportunities to members and sponsors for mutual business relationships

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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 $90,729

Program Service Revenue $242,672

Investment Income $0

Other Revenue $0

TOTAL REVENUE $333,401

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $223,164

Other Expenses $250,213

TOTAL EXPENSES $250,213

Year-over-Year Comparison

	2023	2022	Change
Revenue	$333,401	N/A	N/A
Expenses	$250,213	N/A	N/A
Net Income	$83,188	N/A	N/A

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	Role	Reportable Comp	Other Comp	Total
Tom Nguyen	President-Elect	Officer	$0	$0	$0
Pramod Kunju	Director	Officer	$0	$0	$0
Daniel Lee	Director	Officer	$0	$0	$0
Gloria Rull	Director	Officer	$0	$0	$0
Manish Bhardia	President and Treasurer	Officer	$0	$0	$0
Alex Kim	Secretary	Officer	$0	$0	$0
Roger Cheng	Director	Officer	$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	$333,401	$250,213	$228,416	$83,188
2022	$227,657	$186,151	$145,228	$41,506

Asian Business Association of Orange County