ASIAN AMERICAN RESOURCE CENTER

EIN: 330749876 501(c)(3) Community Improvement

SAN BERNARDINO, CA

Total Revenue
$2,248,253
Total Expenses
$1,571,860
Total Assets
$2,997,311
Net Assets
$2,911,247
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1997
Legal Domicile
CA
Principal Officer
RASMEY SAM
Phone
9093830164
Tax Period
2023-01-01 to 2023-12-31

ASIAN AMERICAN RESOURCE CENTER, founded in 1997, is a community nonprofit in the Community Improvement sector that reported $2.2M in total revenue in fiscal year 2023. Revenue grew 20% year-over-year, indicating healthy expansion. The organization ran a surplus of $676K, a strong 30% operating margin.

Mission

THE MISSION OF THE ORGANIZATION IS TO IMPROVE OVERALL HEALTH, AND EDUCATIONAL WELL-BEING BY PROVIDING INFORMATIONAL AND DEVELOPMENTAL PROGRAMS TO ASIAN-AMERICANS AND OTHER ETHNIC GROUPS WHO ARE LOW-INCOME, ISOLATED, VULNERABLE, AND UNDER SERVED THROUGHOUT SAN BERNARDINO AND RIVERSIDE COUNTIES. THE ORGANIZATION HAS A VARIETY OF PROGRAMS TO HANDLE VARIOUS UNMET NEEDS, INCLUDING INTERPRETING SERVICES FOR THESE GROUPS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $2,233,026
Program Service Revenue $0
Investment Income $14,167
Other Revenue $1,060
TOTAL REVENUE $2,248,253

Expense Breakdown

Grants Paid $0
Salaries & Benefits $641,012
Fundraising Expenses $0
Program Expenses $1,452,647
Other Expenses $930,848
TOTAL EXPENSES $1,571,860

Year-over-Year Comparison

2023 2022 Change
Revenue $2,248,253 $1,878,970 +0.2%
Expenses $1,571,860 $1,522,650 +0.0%
Net Income $676,393 $356,320 +0.9%
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

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Liquidity & Cash Position

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Governance

Voting Members
4
Independent Members
4
Employees
17
Volunteers
12

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
$200,000
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DANIEL JOBE CHAIRMAN 1.00
Officer Director
$0 $0 $0
VENERABLE SOKHA CHAN VICE-CHAIR 1.00
Officer Director
$0 $0 $0
EFRAN PRECIDO DIRECTOR 1.00
Director
$0 $0 $0
PETER KLINBUAKEO DIRECTOR 1.00
Director
$0 $0 $0
RASMEY SAM PRESIDENT/CEO 40.00
Officer
$200,000 $0 $200,000
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 $2,248,253 $1,571,860 $2,997,311 $676,393
2022 $1,878,970 $1,522,650 $2,299,946 $356,320
2021 $1,857,527 $1,281,419 $1,966,404 $576,108
2020 $1,424,823 $1,223,868 $1,354,091 $200,955
2019 $1,731,193 $1,417,987 $1,168,878 $313,206
2018 $1,457,555 $1,191,383 $839,168 $266,172
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