ASIAN AMERICAN PROFESSIONAL ASSOCIATION (EIN 331065327) - Form 990 Financial Analysis & Trantor Score

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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

2003

Legal Domicile

Principal Officer

CLINT CHIEN

Phone

6265596071

Tax Period

2024-01-01 to 2024-12-31

ASIAN AMERICAN PROFESSIONAL ASSOCIATION, founded in 2003, is a small nonprofit that reported $200K in total revenue in fiscal year 2024. Revenue fell 34% from the prior year — a significant decline worth monitoring. Expenses of $234K exceeded revenue, resulting in a 17% operating deficit.

Mission

TO ADVANCE ASIAN AMERICAN PROFESSIONALS TO LEADERSHIP ROLES THROUGH TRAINING, NETWORKING, AND COLLABORATION.

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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 (2024)

Revenue Breakdown

Contributions & Grants $187,771

Program Service Revenue $8,678

Investment Income $3,646

Other Revenue $0

TOTAL REVENUE $200,095

Expense Breakdown

Grants Paid $625

Salaries & Benefits $185,712

Fundraising Expenses $0

Program Expenses $153,326

Other Expenses $47,195

TOTAL EXPENSES $233,532

Year-over-Year Comparison

	2024	2023	Change
Revenue	$200,095	$301,127	-0.3%
Expenses	$233,532	$199,457	+0.2%
Net Income	$-33,437	$101,670	-1.3%

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

N/A

Volunteers

200

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

$95,979

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KAREN LOONG	President & CEO	40.00	Officer	$95,979	$0	$95,979
CLINT CHIEN	Treasurer	5.00	Officer Director	$0	$0	$0
ANDREW CHEUNG	Chairman	5.00	Officer Director	$0	$0	$0
ERIC QUON-LEE	Director	5.00	Director	$0	$0	$0
VIRGINIA MAO	Director	5.00	Director	$0	$0	$0
JANNELLE ANDES	Director	5.00	Director	$0	$0	$0
LINDA KIM	Director	5.00	Director	$0	$0	$0
YOGITA MANTRI	Secretary	5.00	Officer Director	$0	$0	$0
RICHARD CHEUNG	Director	5.00	Director	$0	$0	$0
YASHICA WILEY	Director	5.00	Director	$0	$0	$0
EVANGELINE DEJORAS	Director	5.00	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
2024	$200,095	$233,532	$307,021	$-33,437
2023	$301,127	$199,457	$328,130	$101,670
2022	$219,801	$155,333	$231,010	$64,468
2021	$213,461	$148,720	$171,680	$64,741
2018	$107,160	$106,128	$172,552	$1,032

ASIAN AMERICAN PROFESSIONAL ASSOCIATION