NORTH CAROLINA ASIAN AMERICANS TOG… - 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

2016

Legal Domicile

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 A NONPARTISAN, NONPROFIT ORGANIZATION FOCUSED ON BRINGING TOGETHER THE AAPI COMMUNITY IN NORTH CAROLINA THROUGH CIVIC ENGAGEMENT AND POLITICAL PARTICIPATION.

Program Service Accomplishments

Program 1

Expenses: $1,178,942 Revenue: $0

VOTER ENGAGEMENT:- REGISTERED 1,148 VOTERS AND GREW OUR BASE TO 6,469 PEOPLE - REACHED OUT TO OUR COMMUNITY MEMBERS AT GET OUT THE VOTE EVENTS AND PUBLIC-FACING COMMUNITY GATHERINGS, IN BOTH ENGLISH AND IN-LANGUAGE- OUTREACH INCLUDED DELIVERING 203,904 DIRECT MAILERS; HOLDING 2,619 EVENT CONVERSATIONS; MAKING 48,551 CALLS; AND KNOCKING 5,288 DOORS. - NCAAT DISTRIBUTED 90,000 EDUCATIONAL INFOGRAPHICS EXPLAINING THE ROLE OF CITY AND TOWN COUNCILS(CONTINUED ON SCHEDULE O)YOUTH ENGAGEMENT:THE YOUTH ENGAGEMENT PROGRAM HAS FOSTERED CIVIC ENGAGEMENT AND POLITICAL PARTICIPATION THROUGH ONE-DAY WORKSHOPS, MULTI-DAY SUMMER LEADERSHIP TRAININGS, AS WELL AS PAID INTERNSHIPS, AMBASSADOR POSITIONS, AND FELLOWSHIP OPPORTUNITIES.- SUSTAINED A NETWORK OF 2,431 YOUTH - DEVELOPED 165 HIGH SCHOOL AND COLLEGE STUDENT LEADERS- RECRUITED 25 YOUTH AMBASSADORS, 1 FELLOW, AND 4 INTERNS COMMUNITY ENGAGEMENT:THE COMMUNITY ENGAGEMENT PROGRAM HAS HELD SPACE FOR COMMUNITY GATHERINGS, LEGAL REVIEW IN CITIZENSHIP CLINICS, AND EDUCATIONAL EVENTS. NCAAT HAS ALSO WORKED WITH LOCAL CULTURAL AND COMMUNITY GROUPS TO ENGAGE THEIR MEMBERS ON VOTER REGISTRATION DRIVES, VOTER EDUCATIONAL WORKSHOPS, AND INFORMATIONAL FORMS.

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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 $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

Governance

Voting Members

Independent Members

Employees

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

$142,464

Total Directors

Key Employees

Highest Compensated

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

NORTH CAROLINA ASIAN AMERICANS TOGETHER