IMPACT ASIA FOUNDATION (EIN 820602373) - 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

2017

Legal Domicile

Principal Officer

KENNETH FILBECK

Phone

8086751942

Tax Period

2023-01-01 to 2023-12-31

IMPACT ASIA FOUNDATION, founded in 2017, is a micro nonprofit in the Religion sector that reported $85K in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion. The organization ran a surplus of $54K, a strong 64% operating margin.

Mission

Impact Asia Foundation is a non-profit corporation and shall operate exclusively for educational and charitable purposes within the meaning of Section 501 (c)(3) of the Internal Revenue Code, or the corresponding section of any future Federal tax code. The purpose of the organization is to reach South East Asia for Christ through the Ministries of Christian Mission to the Orient (CMO) in Thailand and SE Asia through the Youth Development Foundation of Chiang Mai (YDFCM). There is an anticipated need to manage properties and ministries long-term in association with CMO and YDFCM.

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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 $78,590

Program Service Revenue $0

Investment Income $6,440

Other Revenue $0

TOTAL REVENUE $85,030

Expense Breakdown

Grants Paid $13,450

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $13,450

Other Expenses $17,213

TOTAL EXPENSES $30,663

Year-over-Year Comparison

	2023	2022	Change
Revenue	$85,030	$77,178	+0.1%
Expenses	$30,663	$27,748	+0.1%
Net Income	$54,367	$49,430	+0.1%

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

N/A

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
Carmen Filbeck	Director	5	Director	$0	$0	$0
Cheryl Bassett	Director	0	Director	$0	$0	$0
Quinten Filbeck	Director	0	Director	$0	$0	$0
Kenneth Filbeck	President	1	Officer Director	$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	$85,030	$30,663	$554,757	$54,367
2022	$77,178	$27,748	$468,603	$49,430
2021	$237,966	$31,664	$513,390	$206,302
2020	$160,241	$15,597	$277,129	$144,644
2019	$109,264	$40,082	$126,117	$69,182

IMPACT ASIA FOUNDATION