TAIPEI AMERICAN SCHOOL FOUNDATION (EIN 510255746) - 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

1971

Legal Domicile

Principal Officer

DAVID FRANKENBERG

Phone

3102013584

Tax Period

2024-07-01 to 2025-06-30

TAIPEI AMERICAN SCHOOL FOUNDATION, founded in 1971, is a mid-sized nonprofit in the Education sector that reported $94.6M in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $90.5M left a modest 4% surplus.

Mission

TAIPEI AMERICAN SCHOOL'S MISSION IS TO CULTIVATE AN ENDURING COMMITMENT TO LEARNING, PERSONAL WELL-BEING, AND SERVICE. TAS PROVIDES A BROAD AMERICAN-BASED EDUCATION WITH A GLOBAL PERSPECTIVE THAT DEVELOPS STUDENTS OF CHARACTER WHO ARE COMMITTED TO MAKING THE WORLD A BETTER PLACE.

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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 $1,456,273

Program Service Revenue $85,491,427

Investment Income $3,009,241

Other Revenue $4,622,240

TOTAL REVENUE $94,579,181

Expense Breakdown

Grants Paid $100,163

Salaries & Benefits $64,601,084

Fundraising Expenses $980,482

Program Expenses $75,306,540

Other Expenses $25,795,840

TOTAL EXPENSES $90,497,087

Year-over-Year Comparison

	2024	2023	Change
Revenue	$94,579,181	$84,893,511	+0.1%
Expenses	$90,497,087	$77,333,067	+0.2%
Net Income	$4,082,094	$7,560,444	-0.5%

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

630

Volunteers

200

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

$654,828

Total Directors

Key Employees

$3,309,069

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL FEI	BOARD OF DIRECTORS	4.00	Director	$0	$0	$0
SHELLEY CHIA	BOARD OF DIRECTORS	4.00	Director	$0	$0	$0
LARRY WASYLIN	BOARD OF DIRECTORS	4.00	Director	$0	$0	$0
STEVE C QUAY	BOARD OF DIRECTORS	4.00	Director	$0	$0	$0
JOHN CHEN	BOARD OF DIRECTORS	4.00	Director	$0	$0	$0
AMY HSU	BOARD OF DIRECTORS	4.00	Director	$0	$0	$0
PAUL HSU	BOARD OF DIRECTORS	4.00	Director	$0	$0	$0
JOHN MORGAN	BOARD OF DIRECTORS SINCE 5/16/25	4.00	Director	$0	$0	$0
BRIAN MANN	BOARD OF DIRECTORS SINCE 6/07/25	4.00	Director	$0	$0	$0
ERICH KUSS	BOARD OF DIRECTORS TILL 5/15/25	4.00	Director	$0	$0	$0
GRACE LEE	CHAIR, BOD	4.00	Officer Director	$0	$0	$0
LYDIA LIM	VICE CHAIR, BOD	4.00	Officer Director	$0	$0	$0
BRUCE AITKEN	M&R CHAIR, BOD	4.00	Officer Director	$0	$0	$0
JAY CHENG	SECRETARY, BOD	4.00	Officer Director	$0	$0	$0
DAVID FRANKENBERG	HEAD OF SCHOOL SINCE 7/1/2024	40.00	Officer	$378,668	$100,431	$479,099
MAX GYGAX	CHIEF FINANCIAL OFFICER SINCE 7/1/24	40.00	Officer	$156,627	$19,102	$175,729
LIZ GALE	DEPUTY HEAD OF SCHOOL	40.00	Key Emp	$281,942	$67,088	$349,030
LARRY KRAUT	CHIEF OPERATING OFFICER	40.00	Key Emp	$263,766	$36,839	$300,605
CAROLINE BAUGH	CHIEF ADV & EXT RELATIONS OFFICER	40.00	Key Emp	$257,549	$37,584	$295,133
TARA SIMEONIDIS	LS PRINCIPAL	40.00	Key Emp	$223,695	$32,147	$255,842
JOSH BUDDE	MS PRINCIPAL	40.00	Key Emp	$221,415	$33,315	$254,730
CATHY C HSU	CONTROLLER	40.00	Key Emp	$213,584	$34,802	$248,386
BECKY READ	US PRINCIPAL	40.00	Key Emp	$214,099	$27,528	$241,627
MATT FAGEN	K-12 TECH CUBE DIRECTOR	40.00	Key Emp	$161,595	$69,539	$231,134
BECKY KLAR	LS ASSOCIATE PRINCIPAL	40.00	Key Emp	$152,365	$71,852	$224,217
LEANNE STANLEY-RAINBOW	DIR. OF EDUCATIONAL TECHNOLOGY	40.00	Key Emp	$174,712	$18,224	$192,936
CAROL CHEN	HUMAN RESOURCES DIRECTOR	40.00	Key Emp	$163,385	$23,457	$186,842
EVELYN CHEN	US ASSOCIATE PRINCIPAL	40.00	Key Emp	$154,292	$25,372	$179,664
AMANDA JACOB	DIR. OF TEACHING & LEARNING	40.00	Key Emp	$157,367	$20,480	$177,847
RICK RABON	LS ASSOCIATE PRINCIPAL	40.00	Key Emp	$150,804	$20,272	$171,076
SHANE LAWSON	TEACHER	40.00	Highest	$193,728	$81,210	$274,938
ALLAN BAYNTUN	TEACHER	40.00	Highest	$150,549	$84,114	$234,663
CARL LOCHRIN	TEACHER	40.00	Highest	$174,177	$22,016	$196,193
LORI RICHARDSON GARCIA	MS ASSOCIATE PRINCIPAL	40.00	Highest	$147,028	$25,243	$172,271
MELANIE HAMRE	US DIR OF COLLEGE COUNSELING	40.00	Highest	$148,357	$21,410	$169,767
EVELYNE ESTEY	FORMER HEAD OF SCHOOL	40.00		$393,969	$38,678	$432,647

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	$94,579,181	$90,497,087	$220,862,395	$4,082,094
2024	$84,893,511	$77,333,067	$197,711,018	$7,560,444
2023	$84,337,240	$79,424,951	$199,627,598	$4,912,289
2022	$84,912,591	$82,891,931	$200,440,067	$2,020,660
2021	$92,195,624	$87,199,896	$206,209,383	$4,995,728
2020	$82,299,556	$76,697,101	$188,977,446	$5,602,455
2019	$75,693,320	$69,964,558	$173,511,275	$5,728,762

TAIPEI AMERICAN SCHOOL FOUNDATION