Association for Asian Studies Inc (EIN 381615380) - 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

1941

Legal Domicile

Principal Officer

Hilary V Finchum-Sung

Phone

7346652490

Tax Period

2024-01-01 to 2024-12-31

Association for Asian Studies Inc, founded in 1941, is a community nonprofit that reported $4.2M in total revenue in fiscal year 2024. Expenses of $3.9M left a modest 7% surplus.

Mission

A non-profit dedicated to the advancement of the field of Asian Studies through international exchange, networking, publication, research support and career development.

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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 $1,379,933

Program Service Revenue $2,084,313

Investment Income $665,359

Other Revenue $36,189

TOTAL REVENUE $4,165,794

Expense Breakdown

Grants Paid $899,764

Salaries & Benefits $1,304,525

Fundraising Expenses $2,630

Program Expenses $2,817,871

Other Expenses $1,682,414

TOTAL EXPENSES $3,886,703

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,165,794	$4,038,446	+0.0%
Expenses	$3,886,703	$4,578,047	-0.2%
Net Income	$279,091	$-539,601	-1.5%

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

N/A

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

$145,262

Total Directors

$145,262

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Hyaeweol Choi	President and Board Chair	2.00	Officer Director	$0	$0	$0
Nancy Peluso	Vice President	2.00	Officer Director	$0	$0	$0
Jean Oi	Past President	2.00	Officer Director	$0	$0	$0
Kamran Ali	Past Past President	2.00	Officer Director	$0	$0	$0
Janet Theiss	EIAC Chair	2.00	Director	$0	$0	$0
Charlotte Eubanks	NEAC Chair	2.00	Director	$0	$0	$0
Walter Hakala	SAC Chair	2.00	Director	$0	$0	$0
Michitake Aso	SEAC Chair	2.00	Director	$0	$0	$0
Rebecca Corbett	COC Chair	2.00	Director	$0	$0	$0
Durba Ghosh	ACP Committee Chair	2.00	Director	$0	$0	$0
Elena Valussi	DEI Chair	2.00	Director	$0	$0	$0
Siddharth Chandra	FIN Committee Chair	2.00	Director	$0	$0	$0
Jan Bardsley	Editorial BD Chair	2.00	Director	$0	$0	$0
Joseph Alter	JAS Editor	2.00	Director	$0	$0	$0
Hilary Finchum-Sung	Ex Officio	40.00	Officer Director	$112,435	$32,827	$145,262
Hy Luong Ended	Past Past President	2.00	Officer Director	$0	$0	$0
Shellen Xiao Wu Ended	EIAC Chair	2.00	Director	$0	$0	$0
Sonja Kim Ended	NEAC Chair	2.00	Director	$0	$0	$0
Manan Ahmed Ended	SAC Chair	2.00	Director	$0	$0	$0
Eunsook Jung Ended	SEAC Chair	2.00	Director	$0	$0	$0
Anne Gerritsen Ended	ACP Committee Chair	2.00	Director	$0	$0	$0
Don Wyatt Ended	DEI Chair	2.00	Director	$0	$0	$0
Krisna Uk	Dir. of Special Initiative	40.00	Highest	$121,482	$19,454	$140,936
Joanna Middleditch	Dir. Of Financial Operations	40.00	Highest	$112,698	$28,839	$141,537

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	$4,165,794	$3,886,703	$14,136,040	$279,091
2023	$4,038,446	$4,578,047	$13,115,372	$-539,601
2022	$3,843,739	$4,289,443	$12,585,026	$-445,704
2021	$3,531,848	$2,184,517	$14,863,721	$1,347,331
2021	$2,729,369	$2,241,209	$14,845,256	$488,160
2020	$3,254,192	$1,991,908	$13,114,206	$1,262,284
2019	$4,220,874	$2,568,499	$12,394,923	$1,652,375
2018	$1,602,889	$2,647,767	$10,652,005	$-1,044,878
2018	$1,603,042	$2,649,103	$10,652,323	$-1,046,061
2017	$3,390,255	$2,633,991	$11,829,258	$756,264

Association for Asian Studies Inc