ASIA INSTITUTE INC

EIN: 611107169 501(c)(3) Arts, Culture & Humanities

LOUISVILLE, KY

Total Revenue
$388,567
Total Expenses
$452,291
Total Assets
$2,270,295
Net Assets
$1,973,711
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1986
Legal Domicile
KY
Principal Officer
JOEL BUNO
Phone
5029053883
Tax Period
2024-07-01 to 2025-06-30

ASIA INSTITUTE INC, founded in 1986, is a small nonprofit in the Arts, Culture & Humanities sector that reported $389K in total revenue in fiscal year 2024. Revenue surged 29% from the prior year, signaling strong growth momentum. Expenses of $452K exceeded revenue, resulting in a 16% operating deficit.

Mission

ASIA INSTITUTE-CRANE HOUSE, IS A COMMUNITY RESOURCE THAT PROMOTES UNDERSTANDING OF ASIAN CULTURES AND HERITAGE THROUGH EDUCATION,OUTREACH AND THE ARTS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $158,532
Program Service Revenue $58,883
Investment Income $85,432
Other Revenue $85,720
TOTAL REVENUE $388,567

Expense Breakdown

Grants Paid $6,263
Salaries & Benefits $232,445
Fundraising Expenses $45,649
Program Expenses $237,884
Other Expenses $213,583
TOTAL EXPENSES $452,291

Year-over-Year Comparison

2024 2023 Change
Revenue $388,567 $300,117 +0.3%
Expenses $452,291 $487,568 -0.1%
Net Income $-63,724 $-187,451 -0.7%
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

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Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
13
Independent Members
13
Employees
4
Volunteers
85

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
5
$85,745
Total Directors
13
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ANNE MARIE V GRISANTI PRESIDENT 3.00
Officer Director
$0 $0 $0
SARAVANAN MURUGAN VICE PRESIDENT 3.00
Officer Director
$0 $0 $0
RIJAN MANANDHAR TREASURER 3.00
Officer Director
$0 $0 $0
BRIAN LEE SECRETARY 3.00
Officer Director
$0 $0 $0
SARAH TRAINOR GRAVES DIRECTOR 1.00
Director
$0 $0 $0
ROBERT JONES DIRECTOR 1.00
Director
$0 $0 $0
WESLEY T KAWATA DIRECTOR 1.00
Director
$0 $0 $0
TIANLING LI DIRECTOR 1.00
Director
$0 $0 $0
RALPH MARSHALL DIRECTOR 1.00
Director
$0 $0 $0
VAHID MOCKON DIRECTOR 1.00
Director
$0 $0 $0
BELINDA CHOO MUENCH DIRECTOR 1.00
Director
$0 $0 $0
DI TRAN DIRECTOR 1.00
Director
$0 $0 $0
ANDREW ZHAO DIRECTOR 1.00
Director
$0 $0 $0
JOEL BUNO EXECUTIVE DIRECTOR 40.00
Officer
$83,345 $2,400 $85,745
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 $388,567 $452,291 $2,270,295 $-63,724
2024 No data No data No data No data
2023 $775,735 $708,412 $2,332,640 $67,323
2022 $540,760 $321,621 $2,146,325 $219,139
2021 $137,828 $189,444 $2,171,035 $-51,616
2020 $211,834 $304,396 $1,972,438 $-92,562
2019 $355,646 $388,871 $2,054,517 $-33,225
2018 $1,097,720 $476,649 $2,081,680 $621,071
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