Asian American Resource Foundation Inc (EIN 582321987) - 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

1997

Legal Domicile

Principal Officer

SUNG SAN CHOI

Phone

4782176989

Tax Period

2024-01-01 to 2024-12-31

Asian American Resource Foundation Inc, founded in 1997, is a micro nonprofit in the Community Improvement sector that reported $71K in total revenue in fiscal year 2024. Revenue fell 37% from the prior year — a significant decline worth monitoring. Expenses of $64K left a modest 9% surplus.

Mission

PROVIDES EDUCATION TO THE UNSKILLED PEOPLE WITH STATE GRANTS AND SUPPORTS SHELTER FOR HOMELESS OR THE POOR WITH FEDERAL HUD GRANTS

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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 $70,782

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $70,782

Expense Breakdown

Grants Paid $0

Salaries & Benefits $6,425

Fundraising Expenses $0

Program Expenses $64,420

Other Expenses $57,995

TOTAL EXPENSES $64,420

Year-over-Year Comparison

	2024	2023	Change
Revenue	$70,782	$112,646	-0.4%
Expenses	$64,420	$139,059	-0.5%
Net Income	$6,362	$-26,413	-1.2%

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

Volunteers

N/A

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

$2,280

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CONNIE JEE	PRESIDENT	40.00	Officer	$0	$0	$0
SIMON KANG	OFFICER	15.00	Officer	$0	$0	$2,280

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	$70,782	$64,420	$9,607	$6,362
2023	$112,646	$139,059	$8,926	$-26,413
2022	$281,643	$316,535	$40,227	$-34,892
2021	$579,395	$433,098	$123,080	$146,297
2020	$239,657	$265,153	$45,903	$-25,496
2019	$438,489	$481,825	$1,700	$-43,336
2018	$456,354	$500,803	$29,422	$-44,449

Asian American Resource Foundation Inc