ASIAN AMERICAN STORE OWNERS ASSOCIATION OF SOUTH CAROLINA INC

EIN: 824572845 501(c)(3) Human Services

ORANGEBURG, SC

Total Revenue
$221,826
Total Expenses
$218,594
Total Assets
$50,917
Net Assets
$50,917
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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
2018
Legal Domicile
SC
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.

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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 $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
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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
3
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
0
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
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
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