Chopsticks Alley Art

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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

Trami Cron

Tax Period

2024-01-01 to 2024-12-31

Chopsticks Alley Art, founded in 2017, is a small nonprofit in the Arts, Culture & Humanities sector that reported $302K in total revenue in fiscal year 2024. Revenue decreased 12% compared to the prior year. Expenses of $417K exceeded revenue, resulting in a 38% operating deficit.

Mission

Chopsticks Alley Art promotes Southeast Asian Cultural Heritage through the creative shared expression of art by underserved Asian artists to foster greater understanding, acceptance, and support among individuals with differing abilities, the LGBTQ community, and youth.

Program Service Accomplishments

Program 1

Expenses: $344,493 Revenue: $78,125

In 2024 Chopsticks Alley Art held 36 creative events including festivals, Asian American Healing Convening, panel discussions, First Friday Art Walks, and CreativiTea open mic gatherings. We also...

In 2024 Chopsticks Alley Art held 36 creative events including festivals, Asian American Healing Convening, panel discussions, First Friday Art Walks, and CreativiTea open mic gatherings. We also held 5 art exhibitions, 221 art workshops, with 1,350 students and 334 artists served. We had 5,917 views of our exhibits, 7,329 event attendees, and 14,596 total community members served.

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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 (2024)

Revenue Breakdown

Contributions & Grants $216,214

Program Service Revenue $78,125

Investment Income $8,010

Other Revenue $0

TOTAL REVENUE $302,349

Expense Breakdown

Grants Paid $0

Salaries & Benefits $185,887

Fundraising Expenses $18,588

Program Expenses $344,493

Other Expenses $231,295

TOTAL EXPENSES $417,182

Year-over-Year Comparison

	2024	2023	Change
Revenue	$302,349	$345,485	-0.1%
Expenses	$417,182	$334,813	+0.2%
Net Income	$-114,833	$10,672	-11.8%

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

$83,875

Total Directors

$5,500

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Trami Cron	Executive Director	40.00	Officer	$78,375	$0	$78,375
Chris Locsin	Board Chair	1.00	Officer Director	$5,500	$0	$5,500
Michelle Dinh	Director	1.00	Director	$0	$0	$0
Hien Do	Director	1.00	Director	$0	$0	$0
Vanessa Fernandez	Director	1.00	Director	$0	$0	$0
Ellen Linardi	Director	1.00	Director	$0	$0	$0
Kim Walesh	Director	1.00	Director	$0	$0	$0
Tuyen Fiack	Director	1.00	Director	$0	$0	$0
Marie Millares	Director	1.00	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	$302,349	$417,182	$223,078	$-114,833
2023	$345,485	$334,813	$352,528	$10,672
2023	$345,485	$334,813	$352,528	$10,672
2022	$281,585	$185,628	$338,316	$95,957
2022	$281,585	$185,628	$338,316	$95,957
2020	$154,747	$122,361	$207,332	$32,386