PACIFIC ASIAN CONSORTIUM IN EMPLOY… - Form 990 Financial Data

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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

1976

Legal Domicile

Principal Officer

KERRY N DOI

Phone

2133533982

Tax Period

2023-07-01 to 2024-06-30

PACIFIC ASIAN CONSORTIUM IN EMPLOYMENT, founded in 1976, is a mid-sized nonprofit in the Community Improvement sector that reported $40.8M in total revenue in fiscal year 2023. Revenue grew 17% year-over-year, indicating healthy expansion.

Mission

PACE'S MISSION IS TO CREATE ECONOMIC SOLUTIONS TO MEET THE EMPLOYMENT, EDUCATION, HOUSING, ENVIRONMENTAL, AND BUSINESS DEVELOPMENT CHALLENGES OF LOW INCOME RESIDENTS IN THE PACIFIC ASIAN AND OTHER DIVERSE COMMUNITIES OF LOS ANGELES.

Program Service Accomplishments

Program 1

Expenses: $20,852,733

CHILD EDUCATION & NUTRITION SERVICES:1,008 CHILDREN ENROLLED IN HEADSTART14 SCHOOL SITES129,728 PARENT VOLUNTEER HOURS317,520 MEALS PREPARED & SERVED1,870 CHILDREN & FAMILIES SERVED

Program 2

Expenses: $12,621,704 Revenue: $106,601

COMMUNITY DEVELOPMENT:19,385 CLIENTS RECEIVING EMERGENCY UTILITY PAYMENT ASSISTANCE (LIHEAP & HEAP & LIWAP)$15,576,220 EMERGENCY UTILITY PAYMENTS658 CLIENTS SERVED THROUGH WEATHERIZATION...

COMMUNITY DEVELOPMENT:19,385 CLIENTS RECEIVING EMERGENCY UTILITY PAYMENT ASSISTANCE (LIHEAP & HEAP & LIWAP)$15,576,220 EMERGENCY UTILITY PAYMENTS658 CLIENTS SERVED THROUGH WEATHERIZATION PROGRAMS1,568 TOTAL HOUSEHOLDS SERVED BY THE ENERGY SAVINGS ASSISTANCE PROGRAM5,701 ENTREPRENEURS TRAINED/COUNSELED848 SMALL BUSINESSES ASSISTED536 JOBS CREATED/RETAINED509 WOMEN ENTREPRENEURS SERVED$13,757,071 LOANS PACKAGED/PLACE/FUNDED2,035 FINANCIAL EDUCATION TRAINEES

Program 3

Expenses: $2,138,531

EMPLOYMENT & TRAINING SERVICES:1,183 WORKERS TRAINED &/OR PLACED/SERVICES RECEIVED$20.21 AVERAGE HOURLY WAGE OF PLACED WORKERS$3,914,677 ANNUAL WAGES EARNED BY PLACED WORKERS73 ENROLLMENTS IN...

EMPLOYMENT & TRAINING SERVICES:1,183 WORKERS TRAINED &/OR PLACED/SERVICES RECEIVED$20.21 AVERAGE HOURLY WAGE OF PLACED WORKERS$3,914,677 ANNUAL WAGES EARNED BY PLACED WORKERS73 ENROLLMENTS IN SUBSIDIZED EMPLOYMENT PROGRAM40 COMPLETIONS OF SUBSIDIZED EMPLOYMENT TRAINING19 WORKERS TRANSITIONING FROM SUBSIDIZED TO UNSUBSIDIZED EMPLOYMENT

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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 (2023)

Revenue Breakdown

Contributions & Grants $40,619,353

Program Service Revenue $180,000

Investment Income $73,487

Other Revenue $-73,399

TOTAL REVENUE $40,799,441

Expense Breakdown

Grants Paid $0

Salaries & Benefits $25,098,813

Fundraising Expenses $0

Program Expenses $35,612,968

Other Expenses $14,528,871

TOTAL EXPENSES $39,627,684

Year-over-Year Comparison

	2023	2022	Change
Revenue	$40,799,441	$34,976,356	+0.2%
Expenses	$39,627,684	$34,530,962	+0.1%
Net Income	$1,171,757	$445,394	+1.6%

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

377

Volunteers

892

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

$673,888

Total Directors

$424,850

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KERRY N DOI	PRESIDENT & CEO	40.00	Officer Director	$422,998	$1,852	$424,850
SANDY SAKAMOTO	BOARD CHAIR	2.00	Officer Director	$0	$0	$0
JON MAYEDA	BOARD SECRETARY	2.00	Officer Director	$0	$0	$0
NEIL YONEJI	BOARD MEMBER	2.00	Director	$0	$0	$0
WILLIAM CHUN	VP & COO	40.00	Officer	$245,633	$3,405	$249,038
KYONG RAN CHOI	CONTROLLER	40.00	Highest	$204,067	$1,976	$206,043
KAMOLRAT SIVANUNSAKUL	DIRECTOR	40.00	Highest	$194,896	$3,695	$198,591
STACY Y WONG HUI	DIRECTOR	40.00	Highest	$190,153	$8,549	$198,702
CELIA V ANDRADE	DIRECTOR	40.00	Highest	$164,835	$0	$164,835
MIMI CHEUNG	CHIEF STRATEGY OFFICER	40.00	Highest	$158,668	$6,044	$164,712

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	$40,799,441	$39,627,684	$23,248,127	$1,171,757
2023	$34,976,356	$34,530,962	$20,883,158	$445,394
2022	$30,459,422	$30,220,958	$12,536,180	$238,464
2021	$30,857,237	$28,386,221	$13,935,624	$2,471,016
2020	$28,426,950	$27,651,378	$12,443,461	$775,572
2019	$28,826,696	$28,412,289	$7,872,531	$414,407
2018	$28,763,979	$27,643,785	$7,058,611	$1,120,194

PACIFIC ASIAN CONSORTIUM IN EMPLOYMENT