ASIAN AMERICAN RESOURCE CENTER

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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

1997

Legal Domicile

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.

Program Service Accomplishments

Program 1

Expenses: $1,452,647 Revenue: $2,233,026

TO PROVIDE EDUCATIONAL, INFORMATIONAL, AND DEVELOPMENTAL PROGRAMS TO INCREASE THE QUALITY OF LIFE THROUGHOUT THE ASIAN AND MINORITY COMMUNITY. FOR THE TAX YEAR, APPROXIMATELY 12,000 CLIENTS WERE...

TO PROVIDE EDUCATIONAL, INFORMATIONAL, AND DEVELOPMENTAL PROGRAMS TO INCREASE THE QUALITY OF LIFE THROUGHOUT THE ASIAN AND MINORITY COMMUNITY. FOR THE TAX YEAR, APPROXIMATELY 12,000 CLIENTS WERE SERVED. A MAJOR PORTION OF THE ORGANIZATIONS EFFORTS IS IN INTERPRETING SERVICES FOR VARIOUS MINORITY 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%)

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

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

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

$200,000

Total Directors

Key Employees

Highest Compensated

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
2025	No data	No data	No data	No data
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