NORTH CAROLINA ASIAN AMERICANS TOGETHER

EIN: 813125435 501(c)(3) Civil Rights & Advocacy

RALEIGH, NC

Total Revenue
$2,372,034
Total Expenses
$1,446,319
Total Assets
$6,280,192
Net Assets
$5,884,629
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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
2016
Legal Domicile
NC
Principal Officer
CHAVI KONERU
Phone
9199499184
Tax Period
2023-01-01 to 2023-12-31

NORTH CAROLINA ASIAN AMERICANS TOGETHER, founded in 2016, is a community nonprofit in the Civil Rights & Advocacy sector that reported $2.4M in total revenue in fiscal year 2023. Revenue fell 30% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $926K, a strong 39% operating margin.

Mission

NORTH CAROLINA ASIAN AMERICANS TOGETHER (NCAAT) IS NONPARTISAN, NONPROFIT ORGANIZATION FOCUSED ON BRINGING TOGETHER THE AAPI COMMUNITY IN NORTH CAROLINA THROUGH CIVIC ENGAGEMENT AND POLITICAL PARTICIPATION.

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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 $2,371,859
Program Service Revenue $0
Investment Income $0
Other Revenue $175
TOTAL REVENUE $2,372,034

Expense Breakdown

Grants Paid $124,150
Salaries & Benefits $738,920
Fundraising Expenses $57,277
Program Expenses $1,178,942
Other Expenses $583,249
TOTAL EXPENSES $1,446,319

Year-over-Year Comparison

2023 2022 Change
Revenue $2,372,034 $3,399,277 -0.3%
Expenses $1,446,319 $1,035,002 +0.4%
Net Income $925,715 $2,364,275 -0.6%
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

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Governance

Voting Members
7
Independent Members
7
Employees
22
Volunteers
107

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
$142,464
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
STACEY CARLESS TREASURER 3.00
Officer Director
$0 $0 $0
INDERDEEP CHATRATH VICE CHAIR 3.00
Officer Director
$0 $0 $0
CHRIS KROMM SECRETARY 3.00
Officer Director
$0 $0 $0
SAM PARKER BOARD CHAIR 5.00
Officer Director
$0 $0 $0
MANJU KARKARE BOARD MEMBER 3.00
Director
$0 $0 $0
CINDY YU ROBINSON BOARD MEMBER 3.00
Director
$0 $0 $0
SHRIKAR NUNNA BOARD MEMBER 3.00
Director
$0 $0 $0
CHAVI KONERU EXECUTIVE DIRECTOR 24.00
Officer
$139,862 $2,602 $142,464
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 $2,372,034 $1,446,319 $6,280,192 $925,715
2022 $3,399,277 $1,035,002 $5,458,092 $2,364,275
2021 $1,786,641 $497,855 $2,598,246 $1,288,786
2020 $1,016,917 $365,656 $1,355,880 $651,261
2019 $771,347 $247,354 $653,733 $523,993
2018 $222,791 $146,823 $136,744 $75,968
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