MILSTEIN MEDICAL ASIAN-AMERICAN PARTNERSHIP FOUNDATION INC

EIN: 454600661 501(c)(3) Philanthropy & Grantmaking

NEW YORK, NY

Total Revenue
$770,174
Total Expenses
$798,345
Total Assets
$63,142
Net Assets
$-52,465
🔒

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

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
2012
Legal Domicile
DE
Principal Officer
HOWARD P MILSTEIN
Phone
2128504505
Tax Period
2024-01-01 to 2024-12-31

MILSTEIN MEDICAL ASIAN-AMERICAN PARTNERSHIP FOUNDATION INC, founded in 2012, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $770K in total revenue in fiscal year 2024. Revenue decreased 12% compared to the prior year.

Mission

The mission of the Milstein Medical Asian American Partnership Foundation (MMAAP Foundation) is to improve world health by developing mutually beneficial partnerships between the United States and China, as well as greater Asia. Working with some of the premier health organizations in the world, the MMAAP Foundation will bring together and fund exchanges among the best research, medical talent, and institutions in the regions. This strategy is a high priority for its founders, Howard P. Milstein and the Paul and Irma Milstein Foundation.The MMAAP Foundation is designed to become a highly respected international foundation demonstrating expertise in producing medical and scientific progress with integrity and efficiency.

🔒

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%)

Sign In — Free (10 views/day)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $770,150
Program Service Revenue $0
Investment Income $24
Other Revenue $0
TOTAL REVENUE $770,174

Expense Breakdown

Grants Paid $60,000
Salaries & Benefits $664,373
Fundraising Expenses $0
Program Expenses $576,972
Other Expenses $73,972
TOTAL EXPENSES $798,345

Year-over-Year Comparison

2024 2023 Change
Revenue $770,174 $871,409 -0.1%
Expenses $798,345 $890,390 -0.1%
Net Income $-28,171 $-18,981 +0.5%
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

Sign In

Governance

Voting Members
5
Independent Members
4
Employees
3
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
12
$585,000
Total Directors
5
$255,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Howard P Milstein Chair * 0.00
Officer Director
$0 $0 $0
Abby S Milstein Director * 0.00
Officer Director
$0 $0 $0
Sean X Leng MD PhD President * 8.00
Officer Director
$255,000 $0 $255,000
Gerald Lazarus MD Founding President * 0.00
Officer Director
$0 $0 $0
Michael W Hodin PhD Director * 0.00
Officer Director
$0 $0 $0
Eric Kaplan Esq Board Secretary * 0.00
Officer
$0 $0 $0
Kevin Buckley Treasurer * 0.00
Officer
$0 $0 $0
Kathleen Reichert Senior Vice President 20.00
Officer
$270,000 $0 $270,000
Charles Wang Advisory Committee * 1.00
Officer
$0 $0 $0
Pablo Rubinstein MD Advisory Committee * 1.00
Officer
$60,000 $0 $60,000
Average hours worked per week for all officers and directors 1.00
Officer
$0 $0 $0
Except as noted are As Required 1.00
Officer
$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 $770,174 $798,345 $63,142 $-28,171
2023 $871,409 $890,390 $50,037 $-18,981
2022 $772,311 $820,347 $54,234 $-48,036
2021 $718,684 $682,128 $117,676 $36,556
2020 $873,521 $932,002 $103,132 $-58,481
2019 $1,123,838 $1,192,131 $293,797 $-68,293
2018 $1,420,590 $1,293,874 $190,595 $126,716
Explore More Nonprofits
Top 100 Nonprofits in New York Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare MILSTEIN MEDICAL ASIAN-AMERICAN PARTNERSHIP FOUNDATION INC with other nonprofits in New York and across the country.