ACE FOUNDATION (EIN 463200311) - Form 990 Financial Analysis & Trantor Score

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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

2013

Legal Domicile

Principal Officer

CHILING TONG

Phone

2022042579

Tax Period

2024-01-01 to 2024-12-31

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.

Mission

IMPROVE THE QUALITY OF LIFE FOR ASIAN AND PACIFIC ISLANDER AMERICANS THROUGH BUSINESS EDUCATION.

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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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $3,017,578

Program Service Revenue $105,245

Investment Income $84,223

Other Revenue $0

TOTAL REVENUE $3,207,046

Expense Breakdown

Grants Paid $1,344,763

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,832,108

Other Expenses $956,044

TOTAL EXPENSES $2,300,807

Year-over-Year Comparison

	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%

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

Governance

Voting Members

Independent Members

Employees

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

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	$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	$0	$0	$0
DENNIS HUANG	DIRECTOR	1.00	Director	$0	$0	$0
BILL IMADA	DIRECTOR	1.00	Director	$0	$0	$0
NARUMI INATSUGU	DIRECTOR	1.00	Director	$0	$0	$0
CHEWY JANG	DIRECTOR (THROUGH JANUARY)	1.00	Director	$0	$0	$0
SHAU-WAI LAM	DIRECTOR	1.00	Director	$0	$0	$0
MARTY LORENZO	DIRECTOR (THROUGH JANUARY)	1.00	Director	$0	$0	$0
IAN SO	DIRECTOR (THROUGH JANUARY)	1.00	Director	$0	$0	$0
FA'AMOANA UTA'I	DIRECTOR	1.00	Director	$0	$0	$0
BIN YU	DIRECTOR	1.00	Director	$0	$0	$0
CHILING TONG	PRESIDENT AND CEO	2.00	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	$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

ACE FOUNDATION