ASIAN BUSINESS ASSOCIATION FOUNDAT… - 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

2001

Legal Domicile

Principal Officer

JASON PAGUIO

Phone

6198141423

Tax Period

2023-01-01 to 2023-12-31

ASIAN BUSINESS ASSOCIATION FOUNDATION, founded in 2001, is a small nonprofit in the Education sector that reported $583K in total revenue in fiscal year 2023. Revenue surged 62% from the prior year, signaling strong growth momentum. Expenses of $702K exceeded revenue, resulting in a 21% operating deficit.

Mission

TO STRENGTHEN UNDERSERVED ASIAN AND PACIFIC ISLANDER COMMUNITIES THROUGH LEADERSHIP AND EDUCATION

Program Service Accomplishments

Program 1

Expenses: $332,425

THE ASIAN BUSINESS ASSOCIATION FOUNDATION (ABAF) ENTERED INTO A MULTI-YEAR CONTRACT WITH THE CITY OF SAN DIEGO NOT TO EXCEED $1 MILLION FOR THE DESIGN AND CONSTRUCTION OF THE CONVOY DISTRICT GATEWAY SIGN PROJECT LOCATED IN THE CITY OF SAN DIEGO. ABAF STAFF AND CONSULTANTS ARE TO PROVIDE PROJECT MANAGEMENT AND OUTREACH COORDINATION, DESIGN SERVICES, PROJECT PLANS, PERMITTING, AND INSTALLATION OF THE GATEWAY SIGN. FOR THE YEAR 12/31/2023 ABAF RECEIVED GRANT REVENUE OF $387,425 OF WHICH $55,000 WAS DEFERRED REVENUE FOR 2024 IN CONNECTION WITH THE PROJECT.

Program 2

Expenses: $272,027

ASIAN PACIFIC ISLANDER ECONOMIC EQUITY PROGRAM PROVIDING BUSINESS DEVELOPMENT, TECHINCAL ASSISTANCE, OUTREACH AND CAPACITY BUILDING EDUCATIONAL SERVICES AND CONSULTING FOR MINORITY BUSINESS...

ASIAN PACIFIC ISLANDER ECONOMIC EQUITY PROGRAM PROVIDING BUSINESS DEVELOPMENT, TECHINCAL ASSISTANCE, OUTREACH AND CAPACITY BUILDING EDUCATIONAL SERVICES AND CONSULTING FOR MINORITY BUSINESS ENTERPRISES (MBE) WITH ASIAN AND PACIFIC ISLANDER DESCENT THROUGHOUT SAN DIEGO COUNTY

Program 3

Expenses: $58,000

SMALL BUSINESS GRANTS

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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 $582,755

Program Service Revenue $0

Investment Income $8

Other Revenue $0

TOTAL REVENUE $582,763

Expense Breakdown

Grants Paid $106,500

Salaries & Benefits $64,835

Fundraising Expenses $8,860

Program Expenses $683,952

Other Expenses $530,932

TOTAL EXPENSES $702,267

Year-over-Year Comparison

	2023	2022	Change
Revenue	$582,763	$358,750	+0.6%
Expenses	$702,267	$368,465	+0.9%
Net Income	$-119,504	$-9,715	+11.3%

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

$204,231

Total Directors