TAIWANESE ASSOCIATION OF AMERICA INC

EIN: 521582817 501(c)(3)

Rockville, MD

Total Revenue
$113,517
Total Expenses
$111,866
Total Assets
$158,327
Net Assets
$158,327
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1971
Legal Domicile
MD
Tax Period
2023-01-01 to 2023-12-31

TAIWANESE ASSOCIATION OF AMERICA INC, founded in 1971, is a small nonprofit that reported $114K in total revenue in fiscal year 2023. Revenue fell 49% from the prior year — a significant decline worth monitoring.

Mission

To serve Taiwanese Americans community and to promote Taiwanese heritage and culture in the United States through various events and activities.

Program Service Accomplishments

Program 1
Expenses: $50,000

JANUARY 14, 2024 TAIWAN BANQUETE:Gathering banquete for Taiwanese Americans after the presidential election.

Program 2
Expenses: $19,862

The expense was reimbursement to the 2022 TAIWAN GROUP TOUR: Tour for chapter presidents, board members, or TAAUSA staff back to Taiwan to communicate and learn more about Taiwans new tech and...

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The expense was reimbursement to the 2022 TAIWAN GROUP TOUR: Tour for chapter presidents, board members, or TAAUSA staff back to Taiwan to communicate and learn more about Taiwans new tech and society.

Program 3
Expenses: $15,331

TAA 50th Anniversary : Having online celebrations to share the accomplishment and to appreciate all the efforts with special t-shirt,cap, and water bottle designs and the TAA 50th Anniversary book...

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TAA 50th Anniversary : Having online celebrations to share the accomplishment and to appreciate all the efforts with special t-shirt,cap, and water bottle designs and the TAA 50th Anniversary book publication.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $11,179
Program Service Revenue $99,904
Investment Income $2,434
Other Revenue $0
TOTAL REVENUE $113,517

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $109,706
Other Expenses $111,866
TOTAL EXPENSES $111,866

Year-over-Year Comparison

2023 2022 Change
Revenue $113,517 $223,969 -0.5%
Expenses $111,866 $191,134 -0.4%
Net Income $1,651 $32,835 -0.9%
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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Governance

Voting Members
3
Independent Members
3
Employees
N/A
Volunteers
6

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
3
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TING LIANG TREASURER 2.00
Officer
$0 $0 $0
MINLY SUNG VICE PRESIDENT 5.00
Officer
$0 $0 $0
KUEILING CHEN PRESIDENT 10.00
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 No data No data No data No data
2023 $113,517 $111,866 $158,327 $1,651
2022 $223,969 $191,134 $156,676 $32,835
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