PROFESSIONAL ASIAN PILOTS ASSOCIATION (EIN 831266166) - 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

2019

Legal Domicile

Phone

8086207670

Tax Period

2024-01-01 to 2024-12-31

PROFESSIONAL ASIAN PILOTS ASSOCIATION, founded in 2019, is a small nonprofit in the Community Improvement sector that reported $781K in total revenue in fiscal year 2024. Revenue fell 21% from the prior year — a significant decline worth monitoring. Expenses of $747K left a modest 4% surplus.

Mission

THE PROFESSIONAL ASIAN PILOTS ASSOCIATIONS MISSION IS TO INSPIRE CURRENT AND PROSPECTIVE PROFESSIONALS TOWARDS A FULFILLING CAREER IN AVIATION.

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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 $780,769

Program Service Revenue $0

Investment Income $91

Other Revenue $0

TOTAL REVENUE $780,860

Expense Breakdown

Grants Paid $291,500

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $746,893

Other Expenses $455,393

TOTAL EXPENSES $746,893

Year-over-Year Comparison

	2024	2023	Change
Revenue	$780,860	$986,095	-0.2%
Expenses	$746,893	$760,039	0.0%
Net Income	$33,967	$226,056	-0.8%

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

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
LORREN WANG	DIRECTOR	15.00	Director	$0	$0	$0
DAVID TAKAHASHI	DIRECTOR	15.00	Director	$0	$0	$0
MONIQUE ISHIKAWA	DIRECTOR	15.00	Director	$0	$0	$0
SEAN WAN	DIRECTOR	15.00	Director	$0	$0	$0
JULIANA XIN	DIRECTOR	15.00	Director	$0	$0	$0
BENSON TRUONG	PRESIDENT	15.00	Officer	$0	$0	$0
BENSON TRUONG	VICE PRESIDENT	15.00	Officer	$0	$0	$0
HUI WANG	TREASURER	15.00	Officer	$0	$0	$0
ANDERS YOUNG	SECRETARY	15.00	Officer	$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	$780,860	$746,893	$840,603	$33,967
2023	$986,095	$760,039	$806,501	$226,056
2022	$711,959	$467,050	$580,386	$244,909
2021	$347,672	$12,195	$335,477	$335,477

PROFESSIONAL ASIAN PILOTS ASSOCIATION