ASIAN ECONOMIC DEVELOPMENT ASSOCIATION (EIN 411911474) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1998

Legal Domicile

Principal Officer

VA-MEGN THOJ

Phone

6512227798

Tax Period

2024-01-01 to 2024-12-31

ASIAN ECONOMIC DEVELOPMENT ASSOCIATION, founded in 1998, is a community nonprofit in the Employment sector that reported $1.1M in total revenue in fiscal year 2024. Revenue fell 35% from the prior year — a significant decline worth monitoring. Expenses of $1.2M exceeded revenue, resulting in a 14% operating deficit.

Mission

TO INCREASE ECONOMIC OPPORTUNITIES FOR ASIAN AMERICANS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,071,582

Program Service Revenue $0

Investment Income $5,240

Other Revenue $-1,390

TOTAL REVENUE $1,075,432

Expense Breakdown

Grants Paid $0

Salaries & Benefits $444,382

Fundraising Expenses $28,192

Program Expenses $1,055,026

Other Expenses $783,651

TOTAL EXPENSES $1,228,033

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,075,432	$1,665,059	-0.4%
Expenses	$1,228,033	$881,250	+0.4%
Net Income	$-152,601	$783,809	-1.2%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✓ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$157,848

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MAY LEE-YANG	CHAIR	1.00	Officer Director	$0	$0	$0
ERICKA TRINH	MEMBER	1.00	Director	$0	$0	$0
CHRISTOPHER RATSAMY	MEMBER	1.00	Director	$0	$0	$0
LUKE WANG	MEMBER	1.00	Director	$0	$0	$0
VA-MEGN THOJ	EXECUTIVE DIRECTOR	40.00	Officer	$124,573	$33,275	$157,848

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	$1,075,432	$1,228,033	$2,297,210	$-152,601
2023	$1,665,059	$881,250	$2,451,424	$783,809
2022	$808,780	$1,056,618	$1,466,675	$-247,838
2021	$1,123,036	$745,593	$1,687,211	$377,443
2020	$1,753,267	$1,101,022	$1,402,373	$652,245
2019	$1,004,865	$944,981	$677,255	$59,884
2018	$595,590	$906,157	$817,904	$-310,567

ASIAN ECONOMIC DEVELOPMENT ASSOCIATION