SAINT PAUL, MN
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
TO INCREASE ECONOMIC OPPORTUNITIES FOR ASIAN AMERICANS.
IN 2024, AEDA ACHIEVED SEVERAL MAJOR MILESTONES, SIGNIFICANTLY BOOSTING ITS PROGRAM SERVICES AND COMMUNITY ENGAGEMENT. THE ORGANIZATION SUCCESSFULLY EXPANDED XIA WITH A FULL ARTS SPACE, BUSINESS...
IN 2024, AEDA ACHIEVED SEVERAL MAJOR MILESTONES, SIGNIFICANTLY BOOSTING ITS PROGRAM SERVICES AND COMMUNITY ENGAGEMENT. THE ORGANIZATION SUCCESSFULLY EXPANDED XIA WITH A FULL ARTS SPACE, BUSINESS TRAINING SPACE, A CAF, AND A GALLERY, ENHANCING ITS CULTURAL AND ECONOMIC HUB. AEDA ALSO LAUNCHED THE YOBIZMO (YOUR BUSINESS, YOUR MONEY) ENTREPRENEURSHIP INITIATIVE, SERVING 65 PARTICIPANTS ACROSS TWO COHORTS, PREDOMINANTLY SOUTHEAST ASIAN IMMIGRANT WOMEN, AND REPORTING A 97% SATISFACTION RATE. THE INITIATIVE PROVIDED $120,000 IN GRANTS AND STABILIZATION LOANS TO 24 BUSINESSES AND AWARDED STARTUP/GROWTH TEN GRANTS RANGING FROM $4,000 TO $10,000 VIA A PITCH COMPETITION. ADDITIONALLY, AEDA ASIAN MINNESOTAN WEALTH BUILDING CONFERENCE, ATTRACTING OVER 300 ENTREPRENEURS AND SMALL BUSINESS RESOURCE PROVIDERS. THE COMMUNITY'S FLAGSHIP CULTURAL EVENT, THE LITTLE MEKONG NIGHT MARKET, WAS OFFICIALLY RELAUNCHED FOR THE FIRST TIME SINCE 2019, DRAWING MORE THAN 20,000 ATTENDEES, AND PREPARATORY COMMUNITY ENGAGEMENT FOR THE LITTLE MEKONG COOPERATIVE MARKET REDEVELOPMENT PROJECT BEGAN.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 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% |
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
Sign In| 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 |
| 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 |
Compare ASIAN ECONOMIC DEVELOPMENT ASSOCIATION with other nonprofits in Minnesota and across the country.