CAROLINAS ASIAN AMERICAN CHAMBER OF COMMERCE INC (EIN 562153855) - 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

1999

Legal Domicile

Principal Officer

John Chen

Phone

9192604985

Tax Period

2024-01-01 to 2024-12-31

CAROLINAS ASIAN AMERICAN CHAMBER OF COMMERCE INC, founded in 1999, is a micro nonprofit in the Community Improvement sector that reported $26K in total revenue in fiscal year 2024. Revenue fell 91% from the prior year — a significant decline worth monitoring. Expenses of $267K exceeded revenue, resulting in a 913% operating deficit.

Mission

The Carolinas Asian American Chamber of Commerce exits to foster cooperation and interaction within the Asian Communities and between the Community at large in Charlotte and the Carolinas for the betterment of commerce culture and communication. We promote sponsor and support efforts to sustain our traditional heritages through excellence in business practive education volunteerism and public service.

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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 $26,302

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $26,302

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $116,142

Other Expenses $266,539

TOTAL EXPENSES $266,539

Year-over-Year Comparison

	2024	2023	Change
Revenue	$26,302	$289,978	-0.9%
Expenses	$266,539	$39,778	+5.7%
Net Income	$-240,237	$250,200	-2.0%

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

N/A

Independent Members

N/A

Employees

N/A

Volunteers

100

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
John Chen	Chairman	20.00	Officer	$0	$0	$0
Ann Gonzales	President	20.00	Officer	$0	$0	$0
Div Bhingradia	VP	10.00	Officer	$0	$0	$0
Eileen Cai	VP	10.00	Officer	$0	$0	$0
Ken Maeda	VP	10.00	Officer	$0	$0	$0
Jian Zhang	VP	10.00	Officer	$0	$0	$0
Nimish Bhatt	VP	10.00	Officer	$0	$0	$0
Nini Bautista	VP	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	$26,302	$266,539	$34,310	$-240,237

CAROLINAS ASIAN AMERICAN CHAMBER OF COMMERCE INC