ASIAN AMERICAN STORE OWNERS ASSOCI… - Form 990 Financial Data

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2018

Legal Domicile

Principal Officer

BIPINCHANDRA PATEL

Phone

8039008049

Tax Period

2023-01-01 to 2023-12-31

ASIAN AMERICAN STORE OWNERS ASSOCIATION OF SOUTH CAROLINA INC, founded in 2018, is a small nonprofit in the Human Services sector that reported $222K in total revenue in fiscal year 2023.

Mission

To promote the Convenience store owners through educational exchanges which would include but not limited to seminars and conferences that promote benefits of Convenience store owners in South Carolina.

Program Service Accomplishments

Program 1

Expenses: $26,814

(a) to promote the Convenience store owners through educational exchanges which would include but not limited to seminars and conferences that promote benefits of Convenience store owners in South...

(a) to promote the Convenience store owners through educational exchanges which would include but not limited to seminars and conferences that promote benefits of Convenience store owners in South Carolina. (b) to acknowledge achievement of Convenience store owners of South Carolina, and to promote the awareness of and appreciation for the historical contributions of Convenience store owners in the United States (c) to encourage Convenience store owners to contribute to community services and the American civil process, and to provide and secure means from among the members of the community, and other resources for educational and socio-medical needs for the needy and deserving people (d) to provide a nucleus for the fellowship and exchange of ideas between the people of Convenience store owners in South Carolina (e) to engage in other activities that are within the scope of Section 501(c)(3) of the Internal Revenue Code of 1986 or the corresponding provisions of any future United States revenue law

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $221,826

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $221,826

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $155,455

Program Expenses $26,814

Other Expenses $218,594

TOTAL EXPENSES $218,594

Year-over-Year Comparison

	2023	2022	Change
Revenue	$221,826	N/A	N/A
Expenses	$218,594	N/A	N/A
Net Income	$3,232	N/A	N/A

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Governance

Voting Members

Independent Members

N/A

Employees

N/A

Volunteers

N/A

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
BIPINCHANDRA PATEL	Chairman	1.50	Director	$0	$0	$0
DEVANGKUMAR PATEL	President	1.50	Director	$0	$0	$0
DAXESH PATEL	CFO	1.50	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
2023	$221,826	$218,594	$50,917	$3,232

ASIAN AMERICAN STORE OWNERS ASSOCIATION OF SOUTH CAROLINA INC