HERITAGE MUSEUM OF ASIAN ART (EIN 465327571) - 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

2014

Legal Domicile

Principal Officer

JEFFREY MOY

Phone

3128428884

Tax Period

2024-01-01 to 2024-12-31

HERITAGE MUSEUM OF ASIAN ART, founded in 2014, is a small nonprofit in the Education sector that reported $460K in total revenue in fiscal year 2024. Revenue surged 50% from the prior year, signaling strong growth momentum. The organization ran a surplus of $70K, a strong 15% operating margin.

Mission

TO CONSTRUCT, MAINTAIN AND OPERATE A MUSEUM OF ART FOR THE COLLECTION, CARE, STUDY AND EXHIBITION OF PAINTINGS, CERAMICS AND OTHER WORKS OF ASIAN ART FOR THE BENEFIT AND EDUCATION OF THE PUBLIC.

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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 $439,717

Program Service Revenue $11,919

Investment Income $0

Other Revenue $8,162

TOTAL REVENUE $459,798

Expense Breakdown

Grants Paid $0

Salaries & Benefits $147,803

Fundraising Expenses $38,479

Program Expenses $239,879

Other Expenses $241,994

TOTAL EXPENSES $389,797

Year-over-Year Comparison

	2024	2023	Change
Revenue	$459,798	$305,785	+0.5%
Expenses	$389,797	$355,539	+0.1%
Net Income	$70,001	$-49,754	-2.4%

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

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

$62,500

Total Directors

$62,500

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RAYMOND MOY	TREASURER	22.00	Officer Director	$62,500	$0	$62,500
CHRIS HUANG	DIRECTOR	0.50	Director	$0	$0	$0
JONATHAN LUSTIG	DIRECTOR	0.50	Director	$0	$0	$0
JEFFREY MOY	PRESIDENT	4.00	Officer Director	$0	$0	$0
DR KIM TEE	DIRECTOR	0.50	Director	$0	$0	$0
CATHERINE WANG	SECRETARY	0.50	Officer Director	$0	$0	$0
JOHNNY ZHENG	DIRECTOR	0.50	Director	$0	$0	$0
VIVIAN ZU	DIRECTOR	0.50	Director	$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	$459,798	$389,797	$366,944	$70,001
2023	$348,285	$577,439	$293,558	$-229,154
2023	$305,785	$355,539	$472,958	$-49,754
2022	$-165,895	$342,422	$524,345	$-508,317
2021	$131,626	$185,767	$3,379,344	$-54,141
2020	$215,854	$226,236	$3,380,750	$-10,382
2019	$196,983	$333,630	$3,394,008	$-136,647
2018	$1,334,052	$164,347	$3,511,501	$1,169,705
2018	$1,334,052	$164,347	$3,511,501	$1,169,705

HERITAGE MUSEUM OF ASIAN ART