TPAA FOUNDATION

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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

APINAN THITIPRASERTH

Phone

2196636330

Tax Period

2024-01-01 to 2024-12-31

TPAA FOUNDATION, founded in 2001, is a small nonprofit in the Education sector that reported $989K in total revenue in fiscal year 2024. Revenue surged 20% from the prior year, signaling strong growth momentum. Expenses of $870K left a modest 12% surplus.

Mission

PROVIDE FINANCIAL SUPPORT FOR CONTINUING EDUCATION, TEXTBOOKS, JOURNALS, AND SCHOLARSHIPS FOR INDIVIDUALS OR MEDICAL SCHOOLS THAT LACK FUNDING.

Program Service Accomplishments

Program 1

Expenses: $854,314

FUNDS ARE GIVEN TO MEDICAL STUDENTS, SCHOOLS, HOSPITALS, MISSIONS, AND PROJECTS FOR RELIEF AND FURTHER EDUCATION OF YOUNG PHYSICIANS.

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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 $850,354

Program Service Revenue $0

Investment Income $138,331

Other Revenue $0

TOTAL REVENUE $988,685

Expense Breakdown

Grants Paid $854,314

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $854,314

Other Expenses $15,830

TOTAL EXPENSES $870,144

Year-over-Year Comparison

	2024	2023	Change
Revenue	$988,685	$820,666	+0.2%
Expenses	$870,144	$777,511	+0.1%
Net Income	$118,541	$43,155	+1.7%

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

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
APINAN THITIPRASERTH MD	PRESIDENT	1.00	Officer Director	$0	$0	$0
CHAINARONK LIMANON MD	DIRECTOR	1.00	Director	$0	$0	$0
CHINTANA PARAMAGUL MD	DIRECTOR	1.00	Director	$0	$0	$0
ORACHUN SITTISUNTORN MD	DIRECTOR	1.00	Director	$0	$0	$0
DANIEL TONGBAI MD	DIRECTOR	1.00	Director	$0	$0	$0
JANTRA CHENNAVASIN MD	DIRECTOR	1.00	Director	$0	$0	$0
KASIN CHAI MD	DIRECTOR	1.00	Director	$0	$0	$0
KOSIT PRIEB MD	DIRECTOR	1.00	Director	$0	$0	$0
KRITA APIBUNYOPAS MD	DIRECTOR	1.00	Director	$0	$0	$0
PANITA CHIEMMONGKOLTIPMD	DIRECTOR	1.00	Director	$0	$0	$0
PED BUNSONGSIKUL MD	SECRETARY	1.00	Officer Director	$0	$0	$0
PICHA MOOLSINTONG MD	DIRECTOR	1.00	Director	$0	$0	$0
PISIT RANGSITHIENCHAI MD	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
PORNPILAI BOONN MD	DIRECTOR	1.00	Director	$0	$0	$0
PREMSRI BARTONMD	DIRECTOR	1.00	Director	$0	$0	$0
ROENGSAK TULATHIMUTTE MD	DIRECTOR	1.00	Director	$0	$0	$0
RUTHACHAI RITHAPORN MD	DIRECTOR	1.00	Director	$0	$0	$0
S CHRIS MALAISRIE MD	DIRECTOR	1.00	Director	$0	$0	$0
SOMPOP SRISUWANANUKORN MD	DIRECTOR	1.00	Director	$0	$0	$0
SUNTI SRIVATHANAKUL MD	DIRECTOR	1.00	Director	$0	$0	$0
SUTHEE THUMASATHIT MD	DIRECTOR	1.00	Director	$0	$0	$0
SUWAT SILPASUVAN MD	DIRECTOR	1.00	Director	$0	$0	$0
TIPPAVAN NAGACHINTAMD	DIRECTOR	1.00	Director	$0	$0	$0
THONGCHAI VACHIRASOMBOON MD	TREASURER	3.00	Officer Director	$0	$0	$0
THRISSAWAN SUNGKAPALEEMD	DIRECTOR	1.00	Director	$0	$0	$0
USAH LILAVIVAT MD	DIRECTOR	1.00	Director	$0	$0	$0
WICHEST BOONYAPREDEE MD	DIRECTOR	1.00	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	$988,685	$870,144	$3,155,668	$118,541
2023	$820,666	$777,511	$2,556,007	$43,155
2022	$1,405,329	$1,545,145	$2,114,788	$-139,816
2021	$2,366,978	$967,064	$2,406,391	$1,399,914
2020	$390,117	$402,097	$931,990	$-11,980
2019	$544,467	$478,528	$850,999	$65,939
2018	$450,958	$513,190	$678,446	$-62,232