ASIAN CULTURE CENTER OF TENNESSEE

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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

KUMI ALDERMAN

Phone

8312411189

Tax Period

2024-01-01 to 2024-12-31

ASIAN CULTURE CENTER OF TENNESSEE, founded in 2014, is a small nonprofit in the Arts, Culture & Humanities sector that reported $345K in total revenue in fiscal year 2024. The organization ran a surplus of $83K, a strong 24% operating margin.

Mission

THE ASIAN CULTURE CENTER OF TENNESSEE (ACCTN) WAS FOUNDED IN 2014 TO HELP THE NEXT GENERATION TAKE THEIR PLACE AS GLOBAL CITIZENS WITH A STRONG UNDERSTANDING FOR AND APPRECIATION OF OTHER CULTURES. THROUGH TAILORED PROGRAMS AND ENVIRONMENTS THAT SUPPORT LANGUAGE LEARNING, CULTURAL EXPLORATION, AND PERSONAL DEVELOPMENT, WE BRING PEOPLE FROM VARIOUS BACKGROUNDS TOGETHER TO PROMOTE PEACE, UNITY, AND A HEALTHY LIFESTYLE. THE EAST TENNESSEE WE ENVISION MAINTAINS A DEEP CONNECTION TO THE REST OF THE WORLD AND A SENSE OF PRIDE AND APPRECIATION FOR DIVERSE CULTURAL IDENTITIES. ALIGNING WITH UNITED WAY'S EDUCATION IMPACT PRIORITY AND THE FOCUS AREA OF PROVIDING HIGH-QUALITY OUT-OF-SCHOOL ENRICHMENT OPPORTUNITIES FOR PREK-12TH GRADE STUDENTS, OUR GOALS ARE TO: BUILD A SUPPORTIVE COMMUNITY WHERE INDIVIDUALS AND FAMILIES CAN CONNECT, LEARN, AND GROW TOGETHER WHILE CELEBRATING THEIR SHARED HERITAGE; INSTILL IN CHILDREN A SENSE OF GLOBAL CITIZENSHIP, ENCOURAGING THEM TO EMBRACE DIVERSITY, CULTIVATE

Program Service Accomplishments

Program 1

Expenses: $158,830 Revenue: $245,261

EACH YEAR IN AUGUST, THE ACCTN ALSO PUTS ON THE KNOX ASIAN FESTIVAL, A PLATFORM FOR THE COMMUNITY TO CELEBRATE AND SHOWCASE ITS RICH CULTURAL HERITAGE, LEADING TO INCREASED CULTURAL UNDERSTANDING...

EACH YEAR IN AUGUST, THE ACCTN ALSO PUTS ON THE KNOX ASIAN FESTIVAL, A PLATFORM FOR THE COMMUNITY TO CELEBRATE AND SHOWCASE ITS RICH CULTURAL HERITAGE, LEADING TO INCREASED CULTURAL UNDERSTANDING, APPRECIATION, AND PRESERVATION. THE KNOX ASIAN FESTIVAL ALSO SERVES AS AN EDUCATIONAL TOOL, ENLIGHTENING THE COMMUNITY ABOUT VARIOUS ASPECTS OF ASIAN ARTS, TRADITIONS, AND HISTORY. BY BRINGING THE WORLD TO KNOXVILLE, IT HELPS DISPEL STEREOTYPES, PROMOTES CROSS-CULTURAL UNDERSTANDING, AND ENCOURAGES CULTURAL EXCHANGE. IN THE TEN YEARS SINCE WE BEGAN, OUR FESTIVAL HAS GROWN TO BE THE LARGEST ASIAN FESTIVAL IN THE SOUTHEAST IN AUGUST OF 2024, WE HOSTED 13 COUNTRIES, 40 FOOD VENDORS, APPROXIMATELY 30,000 PEOPLE, AND CONTRIBUTED AN ESTIMATED 4.4 MILLION IN ECONOMIC IMPACT TO GREATER KNOXVILLE. IN THE SPRING OF 2024, THE KNOX ASIAN FESTIVAL WAS HONORED BY THE SOUTHEAST FESTIVAL AND EVENTS ASSOCIATION WITH THE BEST EVENT AWARD

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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 $99,400

Program Service Revenue $245,261

Investment Income $0

Other Revenue $0

TOTAL REVENUE $344,661

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $236,567

Other Expenses $261,349

TOTAL EXPENSES $261,349

Year-over-Year Comparison

	2024	2023	Change
Revenue	$344,661	$348,586	0.0%
Expenses	$261,349	$248,529	+0.1%
Net Income	$83,312	$100,057	-0.2%

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

150

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

$54,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KUMI ALDERMAN	EXECUTIVE DI	60.00	Officer	$47,000	$0	$47,000
MAHAGI LACURE	BOARD MEMBER	2.00	Officer	$7,000	$0	$7,000
DAVE ALDERMAN	BOARD MEMBER	2.00	Officer	$0	$0	$0
LEROY KAUTZ	BOARD MEMBER	2.00	Officer	$0	$0	$0
JAVIETTE SAMUEL	BOARD MEMBER	2.00	Officer	$0	$0	$0
KEAT SILAVONG	BOARD MEMBER	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
2025	No data	No data	No data	No data
2024	$344,661	$261,349	$265,184	$83,312
2023	$348,586	$248,529	$181,872	$100,057
2022	$215,068	$143,447	$81,815	$71,621