The Greater Austin Asian Chamber o… - Form 990 Financial Data

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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

1998

Legal Domicile

Principal Officer

Mark Duval

Phone

5124078240

Tax Period

2023-01-01 to 2023-12-31

The Greater Austin Asian Chamber of Commerce, founded in 1998, is a small nonprofit that reported $519K in total revenue in fiscal year 2023. Revenue decreased 9% compared to the prior year. Expenses of $691K exceeded revenue, resulting in a 33% operating deficit.

Mission

Promote the Asian Pacific American community and community at large as a catalyst for local and global economic growth through advocacy, connections and education.

Program Service Accomplishments

Program 1

Expenses: $320,673 Revenue: $9,390

The Greater Austin Asian Chamber of Commerce completed our planned programs for the year including multiple Small Business Masterclass/Workshops (including an event co-hosted with DECA the Diversity and Ethnic Chamber Alliance) attended by over 100 individuals serving over 25 businesses, a "Project Rebuild" grant program where $30,000 was distributed to 15 small businesses. The organization also completed the Annual Fall Classic and the Ovation Gala attended by 470 individuals.

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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 (2023)

Revenue Breakdown

Contributions & Grants $621,669

Program Service Revenue $9,390

Investment Income $16,349

Other Revenue $-128,423

TOTAL REVENUE $518,985

Expense Breakdown

Grants Paid $30,000

Salaries & Benefits $375,649

Fundraising Expenses $76,185

Program Expenses $320,673

Other Expenses $284,884

TOTAL EXPENSES $690,533

Year-over-Year Comparison

	2023	2022	Change
Revenue	$518,985	$571,059	-0.1%
Expenses	$690,533	$535,935	+0.3%
Net Income	$-171,548	$35,124	-5.9%

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

Governance

Voting Members

Independent Members

Employees

Volunteers

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
Ahmed Moledina	Director	0.50	Director	$0	$0	$0
Kannan Kaliyu	Director	0.50	Director	$0	$0	$0
Ali Khataw	Director	0.50	Director	$0	$0	$0
Minh Tran	Director	1.00	Director	$0	$0	$0
Yuen Yung	Director	1.00	Director	$0	$0	$0
Clifford Chiu	Director	0.50	Director	$0	$0	$0
Min Choe	Director	1.50	Director	$0	$0	$0
Shanaz Hemmati	Director	0.50	Director	$0	$0	$0
Rashed Islam	Director	0.50	Director	$0	$0	$0
Naoko Cole	Director	0.50	Director	$0	$0	$0
Viviene Ngo	Director	0.50	Director	$0	$0	$0
Steve Ma	Director	0.50	Director	$0	$0	$0
Jessica Chen	Chairman	1.50	Officer	$0	$0	$0
Sharad Mudhol	Secretary	1.00	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	$518,985	$690,533	$690,180	$-171,548
2022	$571,059	$535,935	$852,834	$35,124
2021	$728,130	$342,155	$782,596	$385,975
2020	$437,075	$414,993	$396,129	$22,082
2019	$631,106	$561,441	$374,232	$69,665
2018	$103,838	$98,505	$8,103	$5,333

The Greater Austin Asian Chamber of Commerce