ASIAN PACIFIC AMERICAN CHAMBER

EIN: 383572921 Community Improvement

CLAWSON, MI

Total Revenue
$283,408
Total Expenses
$259,041
Total Assets
$483,959
Net Assets
$355,966
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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
MI
Principal Officer
CHAO MENG
Tax Period
2023-01-01 to 2023-12-31

ASIAN PACIFIC AMERICAN CHAMBER, founded in 2003, is a small nonprofit in the Community Improvement sector that reported $283K in total revenue in fiscal year 2023. Expenses of $259K left a modest 9% surplus.

Mission

TO FACILIATE BUSINESS RELATIONSHIPS AMONG ASIAN AND U.S.-BASED COMPANIES AND TO PROMOTE THE ECONOMIC ADVANCEMENT OF ASIAN PACIFIC AMERICANS.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $191,065
Program Service Revenue $110,921
Investment Income $5,083
Other Revenue $-23,661
TOTAL REVENUE $283,408

Expense Breakdown

Grants Paid $0
Salaries & Benefits $202,462
Fundraising Expenses $0
Other Expenses $56,579
TOTAL EXPENSES $259,041

Year-over-Year Comparison

2023 2022 Change
Revenue $283,408 $269,029 +0.1%
Expenses $259,041 $268,435 0.0%
Net Income $24,367 $594 +40.0%
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

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Governance

Voting Members
16
Independent Members
16
Employees
3
Volunteers
30

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
5
$92,736
Total Directors
16
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DUC NGUYEN ABRAHAMSON EXECUTIVE DIRECTOR 40.00
Officer
$92,736 $0 $92,736
JENNY WANG DIRECTOR 1.00
Director
$0 $0 $0
CHRIS NAIDOO DIRECTOR 1.00
Director
$0 $0 $0
BRIAN MOORE DIRECTOR 1.00
Director
$0 $0 $0
SUCHETA WALIMBE DIRECTOR 1.00
Director
$0 $0 $0
ROBERT TOWNSEND DIRECTOR 1.00
Director
$0 $0 $0
KEN MASUMOTO DIRECTOR 1.00
Director
$0 $0 $0
JOHN WEI DIRECTOR 1.00
Director
$0 $0 $0
SHILPAN AMIN DIRECTOR 1.00
Director
$0 $0 $0
LINGLONG HE DIRECTOR 1.00
Director
$0 $0 $0
TIM HA DIRECTOR 1.00
Director
$0 $0 $0
ANNE CHEN DIRECTOR 1.00
Director
$0 $0 $0
GRACE LEE DIRECTOR 1.00
Director
$0 $0 $0
CHAO MENG CHAIR 5.00
Officer Director
$0 $0 $0
RONA M LUM PRESIDENT 1.00
Officer Director
$0 $0 $0
CHENG LU TREASURER 5.00
Officer Director
$0 $0 $0
QIONG SUN SECRETARY 1.00
Officer 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 No data No data No data No data
2023 $283,408 $259,041 $483,959 $24,367
2022 $269,029 $268,435 $469,748 $594
2021 $172,944 $184,578 $469,787 $-11,634
2020 $172,067 $263,698 $439,673 $-91,631
2019 $218,223 $266,805 $428,049 $-48,582
2018 $251,436 $281,628 $476,533 $-30,192
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