WASHINGTON, DC
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)ACE FOUNDATION, founded in 2013, is a community nonprofit in the Human Services sector that reported $3.2M in total revenue in fiscal year 2024. Revenue surged 25% from the prior year, signaling strong growth momentum. The organization ran a surplus of $906K, a strong 28% operating margin.
TO IMPROVE THE QUALITY OF LIFE FOR ASIAN AND PACIFIC ISLANDER AMERICANS BY ASSISTING THE ASIAN AMERICAN AND PACIFIC ISLANDER (AAPI) AND ALL SMALL BUSINESS COMMUNITIES THROUGH BUSINESS EDUCATION AND TRAINING, RESEARCH, AND COMMUNITY DEVELOPMENT.
AAPISTRONG AND SMALL BUSINESS PRIORITY: AAPISTRONG IS A NATIONAL CALL-TO-ACTION PROGRAM POWERED BY THE NATIONAL ASIAN/PACIFIC ISLANDER AMERICAN CHAMBER OF COMMERCE AND ENTREPRENEURSHIP (NATIONAL...
AAPISTRONG AND SMALL BUSINESS PRIORITY: AAPISTRONG IS A NATIONAL CALL-TO-ACTION PROGRAM POWERED BY THE NATIONAL ASIAN/PACIFIC ISLANDER AMERICAN CHAMBER OF COMMERCE AND ENTREPRENEURSHIP (NATIONAL ACE). THE PROGRAM'S PRIMARY GOAL IS TO CONVENE OUR NETWORK OF BUSINESS ORGANIZATIONS, ENTREPRENEURS, CORPORATE LEADERS, AND STAKEHOLDERS TO ADVANCE EQUITY, JUSTICE, AND OPPORTUNITY FOR COMMUNITIES EVERYWHERE. THE AAPISTRONG PROGRAM FOSTERS THE WELLBEING OF THESE VITAL INSTITUTIONS BY PROVIDING TECHNICAL ASSISTANCE ON BUSINESS RESILIENCE, RESOURCES ON BUSINESS RECOVERY, INFORMATION ON STARTING, GROWING, OR RETAINING A BUSINESS, AND CREATING AVENUES FOR EDUCATION ON ACCESS TO CAPITAL AND CONTRACTING. ACE FOUNDATION HAD 214 IN-PERSON ATTENDEES AT 3 BUSINESS WORKSHOPS IN 2024.
ECONOMIC DEVELOPMENT - ACE FOUNDATION EDUCATES LOCAL AND REGIONAL AAPI CHAMBERS OF COMMERCE, MOU PARTNERS, AND OTHER STAKEHOLDERS ACROSS THE COUNTRY TO PROVIDE INNOVATIVE BUSINESS SOLUTIONS THROUGH...
ECONOMIC DEVELOPMENT - ACE FOUNDATION EDUCATES LOCAL AND REGIONAL AAPI CHAMBERS OF COMMERCE, MOU PARTNERS, AND OTHER STAKEHOLDERS ACROSS THE COUNTRY TO PROVIDE INNOVATIVE BUSINESS SOLUTIONS THROUGH QUALITY PROGRAMS AND SERVICES. ACE FOUNDATION ALSO CONTRIBUTES TO OUR NATION'S ECONOMIC GROWTH, BUSINESS DEVELOPMENT, AND GOVERNMENT EFFICIENCY BY SUPPORTING PROGRAMS AND POLICIES THAT CREATE MORE AAPI BUSINESS OWNERS, ENTREPRENEURS, AND CORPORATE LEADERS. IN 2024, ACE FOUNDATION HELD 4 MULTI-WEEK ACCELERATORS WITH 2,804 ATTENDEES.
EDUCATION - ACE FOUNDATION WORKS TO EDUCATE ASIAN AMERICAN AND PACIFIC ISLANDER AND ALL SMALL BUSINESS COMMUNITIES ON ISSUES THAT WILL DIRECTLY IMPROVE THEIR ECONOMIC, POLITICAL, AND SOCIAL...
EDUCATION - ACE FOUNDATION WORKS TO EDUCATE ASIAN AMERICAN AND PACIFIC ISLANDER AND ALL SMALL BUSINESS COMMUNITIES ON ISSUES THAT WILL DIRECTLY IMPROVE THEIR ECONOMIC, POLITICAL, AND SOCIAL WELL-BEING. ACE FOUNDATION HOSTS EVENTS AIMED TO HELP EDUCATE MINORITY AND ALL BUSINESS COMMUNITIES. THESE EVENTS INCLUDE ROUNDTABLES AND SYMPOSIUMS COORDINATED WITH FEDERAL GOVERNMENT AGENCIES. MANY OF THESE EVENTS ARE VIRTUAL WEBINARS WHICH COVER TOPICS AROUND ACCESS TO CAPITAL, CONTRACTING OPPORTUNITIES, GRANT WRITING, RETIREMENT SECURITY, FINANCIAL CAPACITY, AND CHALLENGES FACING MINORITY BUSINESS OWNERS. IN 2024, ACE FOUNDATION HAD A TOTAL OF 3,159 IN-PERSON ATTENDEES AND 3,839 WEBINAR ATTENDEES. WE HAD A TOTAL OF 970 ATTENDEES AT OUR SMALL BUSINESS ROUNDTABLES AND 1,416 AT OUR SIGNATURE EVENTS.
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 | $3,207,046 | $2,565,208 | +0.3% |
| Expenses | $2,300,807 | $2,233,333 | +0.0% |
| Net Income | $906,239 | $331,875 | +1.7% |
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 |
|---|---|---|---|---|---|---|
| KAREN ENG | CHAIR | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| JIMMY FERGUSON | VICE CHAIR | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| TRACEY DOI | TREASURER | 2.00 |
Officer
Director
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$0 | $0 | $0 |
| AMIT BHATNAGAR | SECRETARY (THROUGH JANUARY) | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| CY CHEN | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| MELODY CHEN | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| SUSAN JIN DAVIS | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| TAMMY FUNASAKI | DIRECTOR | 1.00 |
Director
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$0 | $0 | $0 |
| DENNIS HUANG | DIRECTOR | 1.00 |
Director
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$0 | $0 | $0 |
| BILL IMADA | DIRECTOR | 1.00 |
Director
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$0 | $0 | $0 |
| NARUMI INATSUGU | DIRECTOR | 1.00 |
Director
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$0 | $0 | $0 |
| CHEWY JANG | DIRECTOR (THROUGH JANUARY) | 1.00 |
Director
|
$0 | $0 | $0 |
| SHAU-WAI LAM | DIRECTOR | 1.00 |
Director
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$0 | $0 | $0 |
| MARTY LORENZO | DIRECTOR (THROUGH JANUARY) | 1.00 |
Director
|
$0 | $0 | $0 |
| IAN SO | DIRECTOR (THROUGH JANUARY) | 1.00 |
Director
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$0 | $0 | $0 |
| FA'AMOANA UTA'I | DIRECTOR | 1.00 |
Director
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$0 | $0 | $0 |
| BIN YU | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| CHILING TONG | PRESIDENT AND CEO | 2.00 |
Officer
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $3,207,046 | $2,300,807 | $3,366,612 | $906,239 |
| 2023 | $2,565,208 | $2,233,333 | $2,452,433 | $331,875 |
| 2022 | $4,126,452 | $4,379,062 | $2,162,590 | $-252,610 |
| 2021 | $4,925,952 | $3,547,528 | $2,377,771 | $1,378,424 |
| 2020 | $387,420 | $360,288 | $657,732 | $27,132 |
| 2019 | $311,710 | $322,536 | $599,695 | $-10,826 |
| 2018 | $272,500 | $300,447 | $610,703 | $-27,947 |
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